Monday , December 10, 2018

Credit Cards

A New Service From Mastercard Brings a Shoppable 3-D Store Online

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

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SpotOn Transact Initiates Crypto Acceptance and other Digital Transactions News briefs from 12/3/18

FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …

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Starwood Breach Raises the Question of Whether Hackers Have Keys to Encrypted Data

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

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Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

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The PCI Council Publishes Updated Guidance for Securing Telephone-Based Payments

Online and mobile payments get all the press, but plenty of card-not-present payments still originate from telephone orders. The security threats from such orders are changing, which prompted the PCI Security Standards Council to issue an update Wednesday to guidance it first produced seven years ago for protecting phone-based payments. …

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Glance Technologies Tests At-Table Payment And Launches a Bitcoin Feature

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …

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First American’s New Hire and other Digital Transactions News briefs from 11/29/18

A consumer bill-pay survey revealed that 46% of consumers routinely pay after the due date or never pay at all. Of these, 72% are “very” or “extremely likely” to pay on time if they could pay with a credit or debit card, while 69% would pay on time if they …

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Visa’s Counterfeit Fraud Declines, But Some Other EMV Measures Signal a Conversion Lull

Counterfeit fraud losses continue to decline, according to Visa Inc.’s latest report about the U.S. conversion to the EMV chip card standard. But Visa’s EMV dollar volume was lower in September than in June, and the number of merchants that accept chip cards remained unchanged at 3.1 million. Visa says …

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The Black Friday-Cyber Monday Shopping Lesson? Pay Attention to the Checkout

Add e-commerce platform Shopify Inc. to the roster of entities that experienced record sales during the recent holiday-shopping weekend, reporting $1.5 billion in volume from Friday through Monday. Two-thirds of that came from mobile transactions. Mobile commerce took the top spot on Cyber Monday, the Monday following Thanksgiving, according to …

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Cardfree Opens Order-Ahead API to Developers and other Digital Transactions News briefs from 11/28/18

First Data Corp. released its Holiday Insights dashboard, which shows real-time U.S. holiday spending trends, such as total spend percentage increase, today’s most active categories with average ticket and total transactions, and regional payment volume. To date, it indicates retail spending from Thanksgiving through Black Friday increased 6.4% year-over-year. Cardfree Inc., …

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