Vantiv takes a pass on Daily Fantasy Sports


Top 10 acquirer Vantiv Inc. seems to have done that. In the face of increased state scrutiny of daily fantasy sports operators, Vantiv decided to suspend all processing of payments for these firms effective Feb. 29, 2016. Vantiv is said to be the largest provider of acquiring services for these businesses.

Daily fantasy sports is a turbo-charged version of the original. Instead of lasting an entire season, like traditional fantasy sports games, though, participants draft players for teams that play just one game and compete for cash prizes. Several state attorneys general recently issued cease-and-desist orders to the online companies behind daily fantasy sports games, asserting the games amount to illegal gambling. And, in fact, six states have ruled the games illegal.

Vantiv President and Chief Executive Officer Charles Drucker addressed the company’s decision to exit this particular aspect of the business in a Feb. 3 earnings call. “We have decided that it is prudent to suspend processing for transactions involving daily fantasy sports due to the increasingly uncertain regulatory and judicial environment around these operations,” he said. “We may re-enter the space in the future should conditions change.

“In the meantime, we remain firmly committed to processing for online and land-based gaming operators, including state lotteries and other regulated gaming activity where the regulatory and judicial frameworks are more clearly established.”


EMV: Merchant Migration Slower Than Anticipated


Only 37% of U.S. merchant locations are fully equipped for EMV card acceptance, narrowly missing a projected 40% rate of deployment predicted by management consulting firm Strawhecker Group, according to research it published Wednesday.

The current study showed payment processor readiness, gateway readiness, and technical staff resource availability affected the speed of implementation most. The card networks set an Oct. 1, 2015 date for EMV adoption, after which non-compliant parties faced a shift in fraud liability.

Jared Drieling, business intelligence manager at TSG, anticipates a faster rate of implementation by merchants who delayed to avoid any changes to the payment process ahead of the 2015 holiday season.

“It appeared that some merchants delayed EMV migration completely until the holiday season ended to prevent friction and confusion at the checkout line,” he said in a Feb. 17 news release. “I suspect that many merchants that have delayed, especially merchants in higher risk categories, felt the impact of the liability shift last year and we’ll see them aggressively ramp up plans to migrate.”

TSG said it expects 50% of merchant locations to be able to accept EMV cards by June, and 90% in 2017.

TSG sampled 92 payments services providers that service almost 4 million merchants, or 50% of card transactions.


CardWorks Merchant Services is offering FREE upgrades to EMV equipment for all merchants new and old.  Reach out to your sales agent or our Merchant Support Team ( for more information about becoming compliant today!



Source: PaymentSource

NRF applauds Senate consideration of e-fairness legislation



Washington, Feb. 9, 2016 – In response to comments from Senate Majority Leader Mitch McConnell today that Internet sales tax legislation would be considered by the chamber during the current session of Congress, NRF Senior Vice President for Government Relations David French said:

“Retailers applaud e-fairness champions Sens. Dick Durbin, Lamar Alexander, Mike Enzi and Heidi Heitkamp for continuing to push for action on removing the government-imposed sales tax advantage that Internet sellers enjoy. Leader McConnell’s plan to work with his colleagues to facilitate a Senate vote on e-fairness legislation this year is a promising step forward, and it helps to ensure that the important Customs conference report can now proceed in the Senate. Retailers across America urge Congress to finish the job on e-fairness before more Main Street businesses are forced to close their doors due to unfair tax preferences.”

NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. .

Source: Company press release.

Datacap Releases Certified TSYS US EMV Solution for Point of Sale


Datacap Systems, a leading integrated payments middleware provider, has completed US EMV level 3 certification with TSYS and has released an EMV-capable version of NETePay™ that’s available for download today. NETePay for TSYS provides PC-based point of sale providers with the ability to deliver US EMV functionality via an evolving list of PIN Pads and simple out-of-scope interface.

NETePay for TSYS supports host-based tip adjustment for US EMV transactions, making it ideal for bar and restaurant applications. The initial release of NETePay for TSYS is certified to utilize the VX 805 PIN Pad from Verifone that supports EMV, MSR, PIN and NFC contactless transactions. Additional hardware options supporting mobility and point to point encryption will be available as Datacap completes queued device certifications.

“We’re excited to announce our latest US EMV certification with TSYS,” commented Justin Zeigler, marketing director at Datacap Systems. “Perfect for table-service restaurants, the host-based TSYS Summit platform supports US EMV tip adjustment and tokens so merchants can continue to handle gratuities without forcing the update to mobile devices.”

This release adds yet another processing option to Datacap’s current EMV-certified versions of NETePay which to date include Mercury, Vantiv, Paymentech, Sterling Payment, First Data Rapid Connect and TSYS, with more to follow. In advance of the release of Datacap’s Tran™ apps, embedded POS providers can utilize Datacap’s PDC™ to communicate with an EMV-enabled version of in-store NETePay today.

About Datacap Systems
Datacap Systems celebrates 32 years of successfully designing, manufacturing and marketing innovative integrated payment solutions. One simple interface allows Point of Sale developers to keep pace with evolving trends and payment industry standards, so they can spend development dollars on POS innovation rather than integrated payments. Because we sell our products exclusively through authorized POS resellers, merchants receive high-end payment solutions coupled with top-tier installation, service and support. Integrated payment solutions from Datacap are utilized by hundreds of POS applications in an array of vertical markets.

For more information about integrating Datacap Systems into your business, please contact CardWorks Acquiring today!

How Can Merchants Close the EMV-NFC Knowledge Gap?




One of the more perplexing elements of the slow, long-awaited march to EMV-chip cards in the U.S. is the lack of awareness that still pervades among merchants and consumers alike.

At the same time, mobile wallets such as Apple Pay have had no trouble becoming household names despite having fairly low adoption.

Three months past the U.S. EMV liability shift — the soft deadline set by the card networks for EMV adoption — Scott Holt, a vice president at Ingenico in North America, sees a chance to finally shift consumers away from their old payment methods. The twist is that it won’t be by consumers’ choice.

By the end of 2016, much of the U.S. retail market will be compliant with EMV and mobile wallets, Holt said. Consumers will have no choice but to abandon magnetic stripe payments, but when they do it will open up the opportunities to choose something other than EMV’s chip-and-dip process, he said. “People will have to learn a new experience with EMV anyway.”

The migration to both Near Field Communication-based wallets and EMV will place pressure on floor-level personnel at retailers to educate consumers on the new technologies. In particular, cashiers are the key to a smooth transition to new payments technology, as Beatta McInerney, a business development manager of payments for point of sale technology company ScanSource POS and Barcode, explains in recent column for PaymentsSource.

Retailers must train cashiers to spot if a consumer has an EMV chip even if the merchant is not accepting EMV cards at this point, McInerney said. This gives retailers an opportunity to teach the process at a more measured pace.

“Consumer experience is largely dependent on the education of retailers,” Holt said, adding that includes the skills to recognize and help consumers who are confused about how the new terminals work. Placing the right prompts into point of sale software is also important, he said.

The delays aside, Ingenico reports the EMV migration in the U.S. is progressing similar to other countries, adding it’s tracking the migration to tailor the education it will provide to merchants over the course of the next year.

Read the rest of this article at PAYMENTSSOURCE.COM.

In a First for Debit Networks, Shazam Adds a Mobile Feature to Shut off Lost Or Stolen Cards


In the wake of the arrival of EMV chip cards and ahead of the holiday shopping rush, the Shazam debit network has launched a mobile feature that lets cardholders disable their debit cards should they be lost or stolen.

While networks like Discover Financial Services have advertised a similar feature for credit cards, the new Shazam feature, which is part of its Bolts mobile app, is the first of its kind for a debit network, a spokesman for the network tells Digital Transactions News. “You just click a button and [the card] is off,” he says. “It’s attractive for consumers and financial institutions because that’s less fraud for them.”

Since the service went live at the end of September, it has blocked some 600 Shazam cards. As the holiday-shopping season approaches, the network expects many more will be switched off as cardholders lose their cards in the shopping frenzy. “As the volume goes higher seasonally, it stands to reason there’s more potential” for lost-and-stolen fraud, says the spokesman.

The feature, whose formal name is Bolts Transaction Control, is rolling out to the network’s 1,300 member financial institutions and is one of three services available for Bolts, a mobile app Johnston, Iowa-based Shazam launched in January 2013. The other two are transaction alerts and peer-to-peer payments, a service Shazam added this summer.

So far, about half of the Shazam members have integrated Bolts and have added Transaction Control. Those banks account for some 1.3 million debit cards out of the network’s total of 4.9 million active Shazam-bugged cards. Of these, just over half a million are now active on the new service.

For the rest of this story by John Stewart, head to DIGITAL TRANSACTIONS.

TSYS and Ingenico Group to Offer New Semi-Integrated EMV Solution



TSYS TSS, -1.12% a leading global payments provider, and Ingenico Group , a global leader in seamless payments, today announced a new semi-integrated solution to simplify the EMV [®] certification process. TSYS is the first processor to Class A certify Ingenico Group’s new offering, which is designed to enable partners with the ability to easily build and deploy secure EMV and NFC solutions.

The combined TSYS and Ingenico Group offering provides Value-Added Resellers (VARs) and Integrated Software Vendors (ISVs) with a simple and secure pathway to begin enabling EMV payments. This easy-to-implement solution empowers VARs and ISVs to focus on developing their core products, while offering them a secure method for accepting payments, including magnetic stripe, EMV and NFC contactless payments.

Using a semi-integrated approach, communications between the PIN pad and point-of-sale (POS) system are limited to non-sensitive exchanges, preventing card data from entering the POS. By taking the POS out of the payment flow process, not only are EMV certification and PCI compliance simplified, but overall costs and time required for EMV implementation are reduced as well. Fully certified through all major card brands, this new TSYS-certified solution also has the ability to process with TSYS Guardian Encryption [SM] , ensuring payments are both reliable and secure.


For the rest of this article, head to MARKETWATCH.


For any further questions about the exciting advances with Ingenico products, please contact CardWorks merchant support:

(866) 210-4625 X1

CardWorks Merchant Services Heading To WSAA



CardWorks is heading to Henderson. NV and the M Resort for the Annual WSAA Conference.  With sponsors from all sectors of our industry, this event is sure to be informative and provide for excellent networking opportunities.





Field Guide for ISO’s: Sponsored by American Express

11 AM    Introductions: Mark Dunn, Field Guide Enterprises

11:10 AM  EMV ‐ That Ship has not sailed, you can still get on board: Mark Dunn, Field Guide Enterprises

11:50 AM  How artificial intelligence can ensure required compliance: Neil Jones, Rippleshot

12:30 PM   Selling value added products: Marc Beauchamp, PayProTec

2:10 PM    Alternative lending ‐ How ISO’s make money: Scott Griest, Rapid Capital Funding

2:50 PM    Cracking the medical payments market: Mary Winingham, Mirror Consulting


The Technology Bet

Ken Elderts, VP, ISO Sales, AnywhereCommerce

Cory Capoccia, President, Womply

John Priore, President and CEO, Priority Payment Systems

Moderator: Xavier Ayala, CEO, Managing Partner, ONESOURCE Business Advisors. President, WSAA

This dynamic panel of experts will discuss payment technology innovation geared towards enhancing the merchant and consumer payments experience. Discover which technologies merchants and consumers are adopting and how retailers are reducing friction at the POS and using big data to understand their businesses and customers better to increase customer loyalty. Learn how payment technology is becoming more intuitive, transparent, and enhancing the merchant and consumer experience.

How to Manage Through ISO Growing Pains ‐ Hit, Stay, or Fold?

Michael Cottrell, Director, Global Sales and Marketing, ProPay

Jeremy Wing, President, Payscape

Donna Embry, Chief Payments Advisor, Payment Alliance International

Moderator: Deana Rich, CEO, Deana Rich Consulting

During this session a respected panel of industry leaders will discuss the life cycle of the ISO, focusing on major decisions that often must be faced in growing your business. Is registration truly required to be successful? Is a retail model the best solution, or is wholesale the answer? What are the implications of the liability versus no‐liability landscape?

For more details regarding the agenda of the event and specific sponsors, CLICK HERE.

If you will be in Las Vegas and would like to meet with a member of our team, please email CardWorks Partnerships.

B2B Commerce Tech Is Finally Catching Up to Consumer Payments


We used to be content just searching online for information on products, scanning the latest news or finding out what our friends and family were up to.

But today we expect consumer e-commerce and payment sites to be intelligent and deliver experiences that are personal and relevant, and to know things about us and anticipate our needs within the context of our actions and to execute them in line with our personal preferences and company policies. To help us not only do things faster, but better. After lagging consumer payments, business to business payments is finally catching up to that level of function.

Technology has unleashed a host of new data. And by mining this data for insights and delivering them to the right people at the right times, technology can make us more intelligent and ultimately drive advantage.

Business networks are turning these scenarios into realities for the procurement industry. By leveraging the hundreds of billions of dollars of financial transactions and transactional data along with relationship history that resides in business networks, for instance, buyers and sellers can make more informed decisions by detecting changes in buying patterns or pricing trends. This provides organizations with more confidence and qualifying information on a potential, yet unfamiliar, trading partner.

And, when combined with community-generated ratings and content, they can glean not only real-time insights, but also recommended strategies for moving their businesses forward. So, things like performance ratings where buyers rate suppliers and suppliers rate buyers. Others in the community can use this information to help detect risk in their supply chain or determine who to do business with – much like a consumer might read a product review before purchasing something online.

For any questions regarding this article, please contact CardWorks Merchant Support at (866) 210-4625 X1 or email

To continue reading, please go to PAYMENT SOURCE.

Debit Card Growth Data, Durbin Ruling



Americans are using debit cards more, especially for small dollar purchases.

They also make fewer withdrawals from ATMs than they did just a decade ago. These are two key trends reported in the 2015 Debit Issuer Study from Pulse, a network owned by Discover Financial Services.

Meanwhile, the Federal Reserve has published a “clarification” of how it determined debit interchange caps when it was directed to do under the Durbin Amendment to the 2010 Dodd-Frank Act.

The Fed has come under fire for years for a ruling it issued in 2011 that capped debit card interchange as directed by the Durbin Amendment. The National Association of Convenience Stores successfully argued before a U.S. district court that the cap set by the Fed – 21 cents per transaction plus an adjustment for fraud prevention – was too low.

But the district court’s decision was overturned last year by the U.S. Court of Appeals for the District of Columbia Circuit. The appeals court, however, instructed the Fed to explain one aspect of the ruling, the treatment of fraud protection and prevention costs. That explanation, published recently in the Federal Register, makes distinctions between fraud tools used at the transaction and program levels.

10-year track record

Pulse is one of the oldest debit card networks in the nation and an early champion of POS debit. It commissions a yearly debit issuer study. The latest, the 2015 Debit Issuer Study, reveals that over the past 10 years, debit card usage has grown 32 percent.

“The past decade saw a major shift in consumer preference to paying with debit cards, which accelerated after the 2008-2009 recession,” said Steve Sievert, Executive Vice President for marketing and communications at Pulse. “We believe there is still opportunity for debit growth, considering that consumer use of debit for smaller purchases is rising, and the average active debit card is used about five times per week.”

Tony Hayes, a Partner at Oliver Wyman Group who co-led the study, said, “Consumer use of debit has been nothing short of remarkable. Debit has steadily gained wallet share as consumers shift their spending to this payment type. The use of debit for small-ticket purchases is particularly noteworthy, where one-third of all debit transactions are for less than $10 – purchases that historically would have been made with cash or not at all.”

Debit cards have been available for POS payments since the 1980s but only began to gain significant market share in the 1990s, when Visa Inc. and MasterCard Worldwide logos began appearing on debit cards, and the networks behind those logos began clearing debit card payments authorized at the POS by cardholder signatures. Debit card activity grew to equal credit card payments in the early 2000s, and about 10 years ago, yearly debit card tallies began to exceed those for credit cards.

The credit crunch that began in 2008 contributed to some of this growth, as consumers postponed credit spending. So did growing adoption of prepaid debit cards. Now, the yearly total of PIN, signature and prepaid debit card spending is nearly double the total for credit card payments, according to Pulse. The average active debit cardholder conducted 23.2 debit card transactions (POS and ATM) in 2014, according to the study.

Weighing Durbin

Ten years ago financial institutions were receiving a weighted average interchange of 41 cents on a consumer debit card transaction. The Durbin Amendment – or more specifically, Federal Reserve Regulation II, which implemented the legislative mandate – changed that by capping debit card interchange at 21 cents plus a markup for fraud prevention. The cap, however, only applies to banks with $10 billion or more in assets.

In 2014, debit card issuers subject to the caps earned a weighted average interchange of 24 cents on each card transaction, while exempt institutions earned 40 cents per transaction in interchange, according to the study.

The drop in per-transaction earnings has been offset somewhat by growing usage, however. In 2008 (pre-Durbin) debit card issuers earned an average $81 in annual interchange per active debit cardholder, according to Pulse’s historical data. According to the latest study, exempt issuers generated an average of $112 per card in debit interchange revenue in 2014; the average was $59 per card for issuers subject to the Durbin debit caps.

Here are further key data points from the Pulse report:

  • Active cardholders averaged 16.1 POS debit transactions a month in 2005; in 2014 the average had jumped to 21.1 per month.
  • In 2005, the average annual spend per active debit card was $7,807; in 2014 it was $9,291.
  • The average debit card ticket was $40 in 2005; that dropped to $37 in 2014
  • The average active cardholder made 3.4 ATM withdrawals month in 2005, but just 2.0 per month in 2014.

For more information on Debit Cards, please contact CardWorks Acquiring – Merchant Services

Phone: (866) 210 – 4625 X1



Full article at