Thursday , April 19, 2018

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

Mastercard, Visa and AmEx Back EMVCo’s Secure Remote Commerce Spec

Mastercard Inc. says it is preparing for a better online payments experience by backing the EMVCo secure remote commerce specification. Visa Inc., too, says it supports the spec. The specification, announced in November, establishes the technical framework for enabling consumers to use their payment cards across channels more easily than …

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Fraud-Prevention Services Can Aid Merchant Retention, a Survey Finds

What impact can fraud-prevention services have on merchant retention? Apparently, quite a bit, finds the “State of Payment Processing & Fraud: 2018 Report” from Kount Inc. Kount, a Boise, Idaho-based risk-management technology provider, found that 75% of approximately 150 payment-processor respondents say offering fraud-control tools improved merchant retention. The high …

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Klarna Will Bring a 30-Day Pay Later Option to the U.S. Market This Summer

Klarna Inc. is bringing another of its buy now/pay later products to the U.S. market this summer with broader availability later in the year. That’s the word from Jim Lofgren, chief executive of Klarna Inc., the North American arm of the Sweden-based online payments firm. Lofgren, speaking to Digital Transactions …

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A $3.4 Billion Deal Aims To Take VeriFone Private Again

VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …

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Apps Will Be a Major Force in Payments For Years to Come, a Report Argues

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

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Best Buy Customers Have Also Been Caught Up in Vendor Payment Data Breach

Count Best Buy Co. Inc. as another unwilling member of the [24]7.ai Inc. breach that has yielded customer payment information already from Sears Holdings Inc. and Delta Air Lines Inc. In a statement released Thursday, Best Buy disclosed that an unspecified number of customers were affected when the online chat …

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Eye on Payment Data: Delta, Sears Experience Breaches and ControlScan Debuts a PCI Compliance Service

A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …

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PayPal Leads Juniper Mobile Wallet Rankings

Mobile-wallet usage is expected to increase in 2019 as almost 2.1 billion consumers worldwide choose the payment option, predicts Juniper Research Ltd. In its “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2018-2022” report released Wednesday, United Kingdom-based Juniper notes that next year’s forecasted number of mobile-wallet users is …

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Eye on Digital Currencies: Request Network Goes Live; Top 5 Currencies Take a Dive

The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …

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Glance Pay Marks Its U.S. Debut With California Merchants

Glance Pay, a mobile-payment service that had only been available in Canada, is now available for U.S. consumers and merchants, Glance Technologies Inc. announced Wednesday. Vancouver, British Columbia-based Glance says Glance Pay is accepted at 14 merchant locations, ranging from restaurants and food trucks to salons and service providers, across …

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