Monday , July 16, 2018

News

May, 2018

  • 1 May

    After an Initial Hit, PNC Bank Cuts Its Zelle P2P Fraud

    PNC Bank customers like Zelle, but fraudsters liked the person-to-person payments service a little too much after PNC rolled it out last July, according to a bank  executive. Paul Trozzo, senior vice president and product group manager, on Tuesday dubbed Zelle “very successful” for the Pittsburgh-based bank, a unit of The …

  • 1 May

    Word-of-Mouth Recommendations Are Failing Mobile-Payments Services

    Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

  • 1 May

    Regulators and Competition Push Banks To Embrace Open APIs, Potentially Changing Payments

    With a push from regulators and competitive forces, banks are stepping up their development of application programming interfaces to enhance their payment and other financial services. APIs, which provide links so that disparate software systems, such as those at a bank and a financial-technology company that wants to offer services …

  • 1 May

    Mobile Traffic Grows for Shopify and other Digital Transactions News briefs from 5/1/18

    Toast, a 7-year-old provider of point-of-sale and payments software to restaurants, has launched its first POS device, a handheld that servers can use to accept payments and handle other functions. The device replaces a Samsung model the company used. Commerce platform Shopify Inc. reported transactions from mobile devices amounted to …

April, 2018

  • 30 April

    A Walmart Win And Burgeoning ISV Transactions Buoy First Data’s Expectations

    Processing giant First Data Corp. said on Monday Walmart Inc. has added Star signature debit acceptance to its roster of payment options. The company also noted that its integrated payments business continues to grow. Both observations came during the Atlanta-based company’s first-quarter earnings call with equity analysts. For the quarter, …

  • 30 April

    Eye on Blockchain: Ripple Keeps Making Waves; Litecoin Lands in Wirex’s Visa Debit Card

    With digital-payments providers emerging all over the world to serve local and international consumers, the search is on for synchronized, standardized networks to transfer funds cross-border. Ripple, the San Francisco-based provider of distributed-ledger payments, says it has the answer, and late last week five payments services overseas signed on to …

  • 30 April

    Western Union Adds WeChat Pay Option and other Digital Transactions New briefs from 4/30/18

    Zippy’s Restaurants said credit and debit card data, including cardholder names and numbers, may have been compromised in a “data-security incident” at its approximately two dozen locations in Hawaii between last Nov. 23 and March 29; the chain learned of the incident March 9. The Western Union Co. has added …

  • 27 April

    Capturing Payments Through Omnichannel Consumer Experiences

    By Scott Dowty, Chief Revenue Officer at Apriva, LLC Merchants today need to connect with their prospects and customers across multiple channels to survive and thrive.  This “omnichannel” strategy requires meeting the customer in store, online, with mobile, with self-service and vending, perhaps even with mail order/telephone order options.  And …

  • 27 April

    How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants

    Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …

  • 27 April

    Discover’s Network Volumes Grow; Company Eyes ‘Non-Traditional’ Ways To Keep Growth Up

    Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of …