Testing Technology

MasterCard planning two-pronged attack on PayPal, with digital wallet and transaction fees due this year

MasterCard and Visa stepped up their rivalry with PayPal this month, with expansions of their own digital wallet initiatives and the threat of raising fees for third-party merchant processors. According to published news reports, the moves come as PayPal has ventured into point-of-sale transactions at physical checkout counters while offering customers lines of credit through [...]

Categories: Testing / Technology
Visa and MasterCard announce smartphone payments alliances at Mobile World Congress

Visa and MasterCard both announced new initiatives in February designed to speed user adoption of smartphones with contactless credit card capabilities. Visa officials released details of technology alliances with two major vendors that can help bridge the gap between consumers and retailers, while MasterCard unveiled the results of its analysis of consumer demand for Near [...]

Categories: Testing / Technology
Visa adding extra credit card security for retailers in 2013

Visa intends to pave the way for merchant acceptance of EMV credit cards with help from a new data encryption service that launches early next year. According to company spokeswoman Ellen Richey, the payment platform provider intends to offer a point-to-point security solution that scrambles customer data at the terminal, reducing the likelihood of credit [...]

Categories: Testing / Technology
LevelUp offers free credit card processing for restaurants and small merchants

Boston technology company SCVNGR announced a new pricing plan for merchants using its LevelUp platform that brings the cost of credit card processing to zero. In a statement to reporters, SCVNGR spokesman Seth Priebatsch compared the shift to the decision Google made to charge nothing for use of its search engine. (Google is a strategic [...]

Categories: Testing / Technology
Sovereign Bank taps LevelUp for mobile wallet promotion

Sovereign Bank gained a foothold in the race to replace plastic credit and debit cards this month, through a partnership with a mobile payments start-up company. The regional bank, a unit of Spanish financial giant Banco Santander, launched a "First in Mobile Wallet" promotion with Cambridge-based LevelUp. Sovereign customers who link their eligible debit MasterCard [...]

Categories: Testing / Technology
Debit, credit cards have not yet yielded to the smartphone

Americans don't write as many checks as they used to, but they're not yet ready to turn their financial lives over to their cell phone provider. Those results headline a new study commissioned by American Express and involving 1,600 American consumers. Researchers found that younger Americans drive new technology adoption, but older Americans' fears around [...]

Categories: Testing / Technology
Social apps from CardSpring and American Express link credit cards to coupons

Attendees at this year's SXSW tested CardSpring, a new service that links credit cards to discount deals without requiring coupons. To participate, users register their account details online or through a smartphone application. When shopping at participating merchants, point-of-sale systems connected to CardSpring's database recognize a user's registered credit card number. The POS device deducts [...]

Categories: American Express, Testing / Technology
Pittsburgh researchers invent "on-off switch" for EMV credit cards

Pittsburgh researchers may have developed a solution for consumers concerned about the security of contactless credit cards. According to Pittsburgh radio station WESA-FM, a team from the University of Pittsburgh's Swanson School of Engineering has implemented a physical contact "switch" into the standard EMV specification. The switch blends into the design of a credit card, breaking [...]

Categories: Testing / Technology
Obama, Romney use Square for quick credit card donations

In 2008, Barack Obama's campaign staffers changed the way political campaigns leverage technology and social media. The President's re-election campaign hopes to revolutionize political donations the same way in 2012, with help from smartphones and mobile credit card readers. Reporters from Politico and the Los Angeles Times have already seen Obama campaign staffers in action, using [...]

Categories: Testing / Technology, Credit Card Acceptance
Visa plans next-gen NFC credit card payments for 2012 Olympics

Credit card issuers, payment platforms and technology vendors are racing to ensure the London Olympics become the launchpad for next-generation, contactless payment technology. According to a Deutsche Welle report, Visa's sponsorship of the 2012 summer games will help drive faster adoption of near field communication technology that most analysts predict wouldn't become widespread until 2014. Visa [...]

Categories: Testing / Technology, Visa
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