Monday , December 10, 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.

More Mobile Payments This Year Will Likely Mean More Fraud Potential, FICO Warns

To the extent there is greater mobile-payments use among merchants and consumers this year, that increase will likely bring with it a greater potential for fraud. That’s the cautionary note from Fair Isaac Corp. executive T.J. Horan, vice president of fraud solutions at the analytics-software company. In-store mobile payments will …

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Euronet’s HiFX Marks U.S., Canada International Funds Transfer Debut

Corporations and wealthy consumers have a new option when they need to move funds internationally. HiFX, a unit of Euronet Worldwide Inc., has begun offering its services to U.S. and Canadian clients. Acquired by Leawood, Kan.-based Euronet in 2014, U.K.-based HiFX enables users to transfer funds internationally in 28 currencies, …

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Focusing on Big Banks And Merchants, ACI Sells Its E-Banking Unit to Fiserv

Payments-technology provider ACI Worldwide Inc. said it plans to sell its Community Financial Services (CFS) unit to bank processor Fiserv Inc. for $200 million in cash. CFS, which provides online and mobile banking and payments and security services to community banks and credit unions, generated about 22% of ACI’s $1.02 …

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Eye on E-Commerce: eBay Data on Holiday Shopping; ACI’s Attempted-Fraud Report

E-commerce merchants and the payments companies providing them with merchant services have reason to be both happy and disappointed with the 2015 holiday season. On the one hand, merchants handled the voluminous number of e-commerce orders by using their physical stores to fulfill their online sales. The volume of these …

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Eye on Subscription Payments: Recurly Cyber Monday Boost; A Simpler ISO Approach

Subscription payments, also known as recurring billing, is getting renewed attention in the payments industry from companies that provide direct-to-consumer services merchants use, like Recurly Inc., and some providing merchant services, like Fattmerchant Inc. Merchants selling goods and services paid for with subscription payments likely had a busy Cyber Monday …

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For Acquirers, Federal And State Regulatory Scrutiny Shows No Signs of Abating

As the payments industry contends with ongoing state and federal regulatory inquiries, the Electronic Transactions Association will release an updated version of its “Guidelines on Merchant and ISO Underwriting and Risk Monitoring” in February. The final edits are being made, says Deana Rich, principal of Deana Rich Consulting Inc., which …

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Samsung Pay Aims at Commerce Tools for Merchants And a Reseller Program for Acquirers

Samsung Pay, the mobile wallet that uses near-field communication (NFC) and magnetic secure transmission (MST) technology, is developing a set of simple tools merchants can use to create offers and manage loyalty programs. The tools should be available this year. That’s the word from Will Graylin, global co-general manager of …

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Struggling With Mobile Services, Banks Risk Losing Customers to Non-Bank Rivals

Consumers using mobile-banking sites or apps make only sporadic use of their ability to pay bills, send money to other individuals, or load a prepaid card, finds new research from Javelin LLC, a Pleasanton, Calif.-based payments-research firm. In the “2015 Mobile Banking, Smartphone, and Tablet Forecast” released Tuesday, Javelin found …

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Local Deals Go to School As Mega-Campus Arizona State University Opts for Apriva App

The more than 72,000 students and faculty members of Arizona State University have a new app to help them find deals from local merchants. Dubbed ASU Deals, the app, available for iOS and Android mobile devices, enables users to search for local deals and receive notifications from merchants. Developed by …

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Avalon Solutions Debuts Its myOmny Mobile POS App With a Reseller Program

Sales agents at independent sales organizations and software vendors have a new mobile point-of-sale service to sell merchants. MyOmny, which is available for smart phones and tablets using iOS and Android operating systems, has launched. Developed by Dallas-based Avalon Solutions Group, myOmny is an app that merchants download to their …

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