Digital Transactions Authoritative, insightful and timely information for payments professionals
Ensuring Electronic Payment Security for Specialty Merchants
Most merchants are in business because of their passion about a product or service, and because they are interested in making money. To succeed, business owners must be prepared for the many obstacles they can face. When it comes to electronic payment acceptance, security is one of the challenges that is best faced upfront …
Worldpay Says Plastic Still Dominates Online Sales, But Mobile Wallets Are Catching up Fast
U.S. consumers have made the credit card their favorite online and face-to-face spending method, with 31.5% using it online and 40% choosing it for in-store transactions last year, according to the Worldpay Global Payments Report 2018. Released late last week, the report also found that debit cards and digital wallets, at 20% each, were the …
Citi Payment Insights Expands and other Digital Transactions News briefs from 11/19/18
Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the data service is available. Plastiq, …
Many Retailers Already Have or Plan to Erase Signature Requirements Soon, the NRF Reports
More than 40% of retail executives surveyed for the National Retail Federation’s latest payments study say they have already dropped signature requirements for payment card transactions or plan to do so before this year is out. Another 13% plan to end signature requirements in 2019. The actions come in the wake of policy changes announced …
Security Concerns Still Hold Back Mobile Payments, PSCU Survey Finds
Consumers still have fears about the safety of mobile payments, according to new findings from credit-union service organization PSCU. PSCU’s Eye on Payments survey released Thursday comes at least a decade after payments companies and researchers first determined that security concerns were holding back adoption of online and at the time nascent mobile-payment services. It …
The Race for the Top Slot in Smart Terminals Is on With an Entry From North American Bancard
The era of the smart point-of-sale terminal has already dawned, and now the race is on for dominance. North American Bancard Holdings LLC on Thursday launched its PayAnywhere smart terminal, which runs on NAB’s PayAnywhere mobile-payment software. The move follows news earlier this week that terminal startup Poynt Co. is jockeying to provide what it …