Wednesday , December 12, 2018

News

December, 2018

  • 12 December

    Deloitte: Look for Faster Payments on the B2B Side in 2019, and More Contactless Transactions

    The prognostications for 2019 are starting to roll in, and if at least one comes true, we’ll see business-to-business transactions driving the growth of faster-payment systems. And smart phones might actually gain some discernible traction at the point of sale. The predictions come from the big accounting and consulting firm …

  • 11 December

    Is Facial-Recognition Technology Hurting Apple Pay?

    Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could …

  • 11 December

    How eCommerce SMBs are futureproofing their businesses in the wake of payments evolution

    Oscar Nieboer – CMO, Paysafe Group     Security has overtaken reliability and cost as the top priority for businesses when selecting a PSP. Here’s why. There is a genuine belief globally that online goliaths such as Amazon, with the financial and human resources at their disposal to be at …

  • 11 December

    New Report Shows the Massive Scale of Bot Attacks

    Large companies are getting bombarded by approximately 530 bot attacks per day, and the vast majority of more than 200 firms surveyed have at least one person on their security teams devoted solely to bot defense, according to Osterman Research Inc. Osterman, a Black Diamond, Wash.-based research firm that works …

  • 11 December

    Congressional Report Says Equifax Breach Was Preventable and other Digital Transactions News briefs from 12/11/18

    Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …

  • 10 December

    Government Releases Report on Campus Prepaid Card and Deposit-Account Fees

    A report from the U.S. Department of Education shows that fees college students pay for campus-sponsored prepaid cards and deposit accounts can vary widely. The report was prepared by the Consumer Financial Protection Bureau for the Education Department and completed in February, but not released until Friday. The release came …

  • 10 December

    Behavioral Solutions Arrive to Fight a Fast-Rising Plague of Account-Takeover Losses

    With massive data breaches hitting the headlines and account-takeover fraud booming, payments players are scrambling for solutions. One possibility is so-called behavioral biometrics, a science that tries to detect imposters’ fraudulent activity in real time by comparing their online behavior with the known patterns of a genuine user. The latest …

  • 10 December

    Suitor Submits Another Mitek Bid and other Digital Transactions News briefs from 12/10/18

    In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …

  • 7 December

    As Mobile Checkout Evolves, Companies Like Scandit Find A Place in Payments

    7-Eleven Inc. is among the latest retailers to empower consumers to become their own point-of-sale checkout when they use an app on their smart phones. A central component of that capability is the image-capture tool built into the app. The 7-Eleven Scan & Pay service, which is in tests now and …

  • 7 December

    Hulu Becomes Venmo’s First TV-Streaming Merchant Acceptor

    Television streaming service Hulu LLC says it now accepts PayPal Holdings Inc.’s Venmo peer-to-peer payment service. Hulu could be a major win in PayPal’s ongoing effort to increase the popular Venmo’s profitability because the service will generate a recurring revenue stream. Founded in 2007, Santa Monica, Calif.-based Hulu competes with …