Digital Transactions

With Its Softcard Deal, Google Cements Carrier Support And Turns up Heat on Apple Pay

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Digital Transactions March 2015

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Hard Times at Softcard: Mobile-Payments Venture Lays Off 60 Employees
January 11, 2015 By Jim Daly Softcard, the mobile-payments venture of Verizon Wireless, AT&T Mobility and T-Mobile USA, has laid of 60 employees in a restructuring, according to media reports. The layoffs raise questions about the futur...

The Tally of Payment Cards Compromised in Data Breaches Grew 38% in 2014
December 31, 2014 By Jim Daly The number of credit and debit cards compromised in data breaches hit 64.4 million in 2014, up 38% from 46.6 million in 2013, according to preliminary figures from the Identity Theft Resource Center, a San Diego...

New York City Seeks Ideas About Paying Parking Violations Through Mobile Devices
December 28, 2014 By Digital Transactions News Staff Mobile payments in New York City soon could get access to a large amount of raw material for transactions if a proposal by the city’s Department of Finance becomes reality. The ...

With Holiday Gift Card Sales Wilting, Issuers Will Have to Push Harder, Add Digital
December 17, 2014 By John Stewart The earliest known example of a closed-loop gift card was offered during the Christmas holiday season in 1916 by Hampton’s Quality Store in Eugene, Ore. The store adver...

NACHA Opens Comment Period for Its New Proposal to Launch Same-Day ACH Settlement
December 9, 2014 By John Stewart NACHA on Tuesday opened for comment a sweeping proposal to introduce a same-day settlement mechanism for the automated clearing house network. The comment period will run...

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