Wednesday , December 13, 2017

News

November, 2017

  • 2 November

    Bitcoin’s Runup Runs on As the Digital Currency Crashes Through the $7,000 Level

    The U.S. payments community woke up Thursday morning to find Bitcoin setting yet another record, this time breaching the $7,000 level less than two weeks after soaring past $6,000. By mid-morning Central Time, the price stood at $7,132, according to Coindesk. The cryptocurrency is testing new highs in the wake …

  • 2 November

    Bluefin Notes Processor Deal and other Digital Transactions News briefs from 11/2/17

    Encryption specialist Bluefin Payment Systems said it will provide encryption services to clients of payments provider Accepta LLC. A report from processor Fidelity National Information Services Inc. (FIS) found 25 real-time payments systems in operation globally, up from 19 last year and more than twice the number in 2013. Another …

  • 1 November

    A Contactless and QR Code Ticketing Future Awaits, Says Report

    Consumers’ fondness for using their mobile devices is going to affect mobile ticketing in a big way by 2020, says Juniper Research in its “Mobile & Online Ticketing: Transport, Events & NFC 2017-2020” report released this week. In it, United Kingdom-based Juniper forecasts that by 2020 the number of digital …

  • 1 November

    With New Anti-Fraud Systems in Place, WEX Says Skimming Losses Are Trending Down

    After suffering a spike in fraud from skimmers on gas pumps earlier this year, fleet-fueling payment specialist WEX Inc. reported Wednesday that fraud losses are falling thanks to its new risk-control systems. “The steps we have taken to reduce losses fraud have started to pay off,” Roberto Simon, chief financial …

  • 1 November

    Bitcoin Futures Market Planned and other Digital Transactions News briefs from 11/1/17

    Mobile point-of-sale provider CardFlight said payment processor Beyond will offer CardFlight’s SwipeSimple device to merchants. The technology enables EMV chip card transactions from a mobile device. CME Group, a major derivatives marketplace, announced plans to launch a futures market for Bitcoin before the end of the year, pending regulatory review. On …

October, 2017

  • 31 October

    With Payments Getting Faster, Banks Look to Consistent, But Flexible, Identification Routines

    Financial institutions are realizing that a smooth experience is as important to consumers when identifying themselves as the authentication strategy itself, regardless of the channel consumers use to access their accounts. This finding is part of a new study from NICE Actimize, a Hoboken, N.J.-based provider of risk-management and compliance …

  • 31 October

    VocaLink, PayPal, And P2P Will Help Propel Mastercard, the Network’s Boss Says

    Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

  • 31 October

    Pineapple Payments Buys Payline Data and other Digital Transactions News briefs from 10/31/17

    American Express Co. released SafeKey 2.0, an online authentication tool that uses the EMVCo 3-D Secure 2.0 standard. The service will be available in spring 2018. Payline Data Services LLC announced that payment-processing technology company Pineapple Payments purchased Payline Data for an undisclosed amount. Payline Data has almost 10,000 merchants processing …

  • 30 October

    Aiming at Larger Merchants, Square Launches a $999 Point-of-Sale System

    Square Inc., which debuted more than seven years ago pursuing micromerchants with a free card reader, launched Square Register, a $999 point-of-sale system designed for larger merchants, it announced Monday. Square Register is a full-sized POS device that has merchant-facing and consumer-facing screens. Also available at $49 a month for …

  • 30 October

    Bank Joint Ventures Still Crimping First Data’s Merchant Unit

    Most components of First Data Corp.’s massive merchant-acquiring machine performed well in the third quarter, and the company renewed its acquiring contract with Wal-Mart Stores Inc., the world’s largest retailer. But new merchant referrals from First Data’s joint ventures with three big U.S. banks remain problematic. “These businesses have remained …