Tuesday , December 11, 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.

Card Fraud and Account Takeovers Continue to Haunt Multiple Industries, Says IDology

Credit, debit, and prepaid card fraud shows no signs of retreat, finds the Sixth Annual Fraud Report from IDology, an Atlanta-based identity-verification company. Sixty-seven percent of executive respondents to an IDology survey said card-based fraud is most prevalent among their industries. That compares to 65% in 2017. Other fraud types …

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Eye on POS Terminals: Equinox Sounds Out Payments; Verifone Helps the Blind Make a Payment; Ingenico’s Semi-Integrated Service

Point-of-sale terminal maker Equinox Payments announced an audible way to pay with the integration of LISNR ultrasonic technology. Phoenix-based Equinox said it is the first POS terminal maker to license the proprietary LISNR tech. Using inaudible sounds, the tech enables a smart phone to communicate and share data with devices …

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Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …

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Eye on Point of Sale: Contactless Test at Jimmy John’s And eTouchMenu’s POS Terminal Choice

As the payments market, led by the card brands, preps for a potential increase in contactless transactions, sandwich chain Jimmy John’s is testing acceptance of EMV contactless payments. Announced Thursday, the test will use a Verifone Systems Inc. Engage P400 device at an undisclosed number of Jimmy John’s locations, Verifone …

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Visa Token Service Adds 20 Requestors And Keeps the Service Free

Visa Inc. is banking big on its Visa Token Service with the addition of 20 acquirer, gateway, and technology companies signing up to offer the network token. The card brand Wednesday announced the additions, called requestors because they request tokens for the credit and debit cards processed through their systems. …

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Eye on Crypto: Jeweler Adds Crypto Acceptance; Many Consumers Want Investment Option

Marks Jewelers is the latest merchant to begin accepting digital currencies, including Bitcoin and Litecoin. Announced Tuesday by e-commerce platform Shopping Cart Elite, which is supplying the enabling acceptance technology, the move means the Montgomeryville, Pa.-based jeweler also accepts Bitcoin Diamond, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, and Zcoin for …

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PayPal, in a Tie-Up With Walmart, Adds In-Store Cash Access

Consumers with PayPal accounts will be able to withdraw cash from, and deposit cash into, these accounts at participating U.S. Walmart Inc. locations, Walmart announced Thursday. The deal means PayPal accountholders will pay $3 per cash-in and cash-out transaction. San Jose, Calif.-based PayPal says this is the first time its …

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CardFlight Debuts a Customer Database Feature for Its Mobile POS Service

Merchants using CardFlight Inc.’s mobile point-of-sale app can now use a service called SwipeSimple Customers to help manage their customer data, card-on-file data, and payments, CardFlight announced Tuesday. Among the new features are the ability to create and maintain a customer database with an option to store payment card details …

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Apple Pay Outranks Other Mobile Wallets Among Debit Card Users

Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the …

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With a Deadline Two Years Away, Gas Pos Launches To Aid EMV Pump And C-Store Conversions

The EMV liability shift for fuel dispensers may still be two years away, but some are not waiting to get their EMV-compliant products and services installed in convenience stores and fuel stations. Gas Pos launched a service Wednesday that puts EMV-compliant card readers in fuel dispensers and in stores, all …

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