Friday , January 19, 2018

News

October, 2017

  • 26 October

    New York City’s Transit Agency Dives Into Contactless Payment Technology

    Contactless payments got a big boost Wednesday when the New York City area’s Metropolitan Transportation Authority approved a $539.5 million contract with San Diego-based Cubic Transportation Systems to install a near-field communication-based payment system across all MTA transit and commuter-rail systems that includes open-loop payments. The deal means MTA riders …

  • 26 October

    Small Merchants Boost Vantiv as the Processor’s Merger With Worldpay Draws Closer

    As its merger with London-based merchant acquirer Worldpay Group plc gets closer, payment processor Vantiv Inc. reported Thursday that it saw strong growth in its merchant-acquiring segment in the third quarter, especially from small and mid-sized merchants. Symmes Township, Ohio-based Vantiv said net third-quarter revenues in its Merchant Services   segment …

  • 26 October

    P2P Specialist Zelle Adds Partners and other Digital Transactions News briefs from 10/26/17

    Zelle, the person-to-person payments service from bank-owned Early Warning Services LLC, added ACI Worldwide, CGI, D3 Banking Technology, and IBM to its list of processor and technology partners that enable their financial-institution clients to offer Zelle to consumers. Processor Fiserv Inc. said Regions Bank will offer digital money-movement services, including …

  • 25 October

    Eye on Innovation: Sound Payments; Vantiv’s Smart Pay Play; New Bill-Pay Vistas

    A Cincinnati-based startup called LISNR is promoting technology that transmits payment data over sound waves. The technology, which the company demonstrated Tuesday at the Money 20/20 financial-technology conference in Las Vegas, is now open for beta and can be used as an alternative to near-field communication, the company said. It …

  • 25 October

    PCI Council Leadership Shifts Gears, and the Organization Adds 3-D Secure Standards

    The PCI Security Standards Council is without a general manager as the organization that establishes electronic-payments security standards prepares to go in a new direction with its leadership. Out is Stephen W. Orfei, who joined the council in 2014 as general manager and replaced Bob Russo, the council’s original G.M. …

  • 25 October

    Visa Kicks Out Handsome Profits, but CEO Kelly Admits To Being ‘a Bit Paranoid’

    The Visa Inc. transaction machine continued to spit out profits in the payment network’s final quarter of fiscal 2017, but chief executive Alfred F. Kelly doesn’t want anyone to think he ignores competitive threats such as the rise of China’s Alipay or real-time payment services from other companies. “I think …

  • 25 October

    Pulse Volume Jumps 17% and other Digital Transactions News briefs from 10/25/17

    The Western Union Co. early next year will start allowing money transfers via Mastercard Send, a service that allows people to send money within seconds from a debit card to another person’s debit card, including non-Mastercard cards. Senders can also fund transfers with credit cards or bank accounts, but must …

  • 24 October

    Americans’ ‘Password Hygiene’ Is Getting Worse, International Study Finds

    Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

  • 24 October

    First Data Adds UnionPay Acceptance and other Digital Transactions News briefs from 10/23/17

    Facebook Inc. has joined Visa Inc.’s Digital Enablement Program, giving the social-networking giant access to tokenization services globally. First Data Corp. said it will add UnionPay International acceptance to its merchant network, enabling UnionPay cardholders traveling as tourists in the United States to use their cards in stores and online. Eventually, …

  • 23 October

    U.S. Consumers’ Coolness to Mobile Spurs Payments Execs to Ponder Causes

    Mobile payments in the United States haven’t grown as fast as program sponsors had thought they would, and now the industry is looking at what the reasons might be. After all, the payment method is positioned to consumers as a faster, easier, more secure alternative to cards, and one that …