Wednesday , April 17, 2024

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.

Attack Rates Have Dropped, But New Account Creation Fraud Persists, Report Finds

Human-initiated cybercrime attacks in the United States and Canada decreased 6% in the first half of 2020 compared to the same period in 2019, finds the biannual Cybercrime Report from LexisNexis Risk Solutions. Even automated bot attacks dipped—by 0.3%—in the period. But, as with all things related to online fraud, …

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Amid a Reset, USA Technologies Added More Than 3,600 Customers for the Year

Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …

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For August, Online Spending Remained Strong While Small-Business Traffic Softened Slightly

Online sales in August were 34% higher this year than last, says Signifyd’s Pulse Report for E-Commerce, while small-business sales through August remained steady, finds the latest CardFlight Small Business Report. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company focused on e-commerce, says overall online sales growth reflects the fact that …

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Eye on Cannabis Payments: POSaBit Reports Record Growth And AeroPay Forms a Banking Tie-Up

The Covid-19 pandemic has been good for the legal cannabis industry. POSaBit Systems Corp., which markets point-of-sale systems and services to the industry, reported second-quarter revenue growth and payments provider AeroPay is working with Safe Harbor Private Banking on a new payments service for the industry. Kirkland, Wash.-based POSaBit says it …

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Eye on Money Transfers: Remitly Adds 11 Mobile Wallets and MoneyGram Joins Forces with Thunes

Money transfer specialist Remitly Inc. says its mobile wallet now reaches 300 million consumers, while MoneyGram International Inc. says its deal with Thunes will add services in Africa, Asia Pacific, and Latin America. Seattle-based Remitly says consumers can now send funds through more than 24 mobile-wallet brands, many of which it …

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E-Commerce Sales Jump 87% in July, Report Finds

Consumers shopping online in July purchased a lot more products associated with home-based and outdoor activities, contributing to an 87% increase year-over-year in sales for the month. That’s one data point from the Signifyd E-Commerce Pulse Report for July released this week. San Jose, Calif.-based Signifyd Inc., a fraud-prevention company …

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Amidst a Pandemic, Consumers Adapt by Adopting Touch-free Payments and Shopping

The use cases for contactless payments have been there all along, but the Covid-19 pandemic is turning out to be a major motivator in adoption of the touch-averse technology. Evidence comes in a roundup of data from the U.S. Payments Forum, a Princeton Junction, N.J.-based payments association. In its latest …

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Visa Joins Nacha’s Phixius Information-Exchange Pilot

Card-brand giant Visa Inc. is joining a payment-information exchange test operated by Nacha, the network operator for the automated clearing house system. Dubbed Phixius, the exchange could expedite the sharing of payment information between payees and payers and can allow for multiple payment types, including ACH, wire, card, and others. …

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Eye on Contactless: Touchless Comes to Wynn Resorts And Klarna Adds a Google Pay Option

More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …

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Consumers Would Switch Merchants for a Contactless Payment Option, Says a Visa Survey

Contactless payments apparently have sway with U.S. consumers. Fifty-four percent of them would switch to a new store that offers contactless payments, according to a global survey by Visa Inc. measuring changes in payments habits in the face of the Covid-19 pandemic. The effects of the pandemic, and the resulting …

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