Saturday , February 24, 2018

News

November, 2017

  • 30 November

    Amazon Opening Voice-Command Payments To Outside Developers and Merchants

    Amazon.com Inc. is recruiting outside software developers and merchants to create functions that work with its Alexa voice-command system and the Amazon Pay service so that consumers can make purchases using their Amazon payment credentials at both physical and online merchants. Seattle-based Amazon made the announcement at its big Amazon …

  • 30 November

    PayPal Restores Some TIO Service But Big Questions Linger Over TIO’s Security Issues

    PayPal Holdings Inc. has restored some service in its TIO Networks bill-pay operation but pressing questions remain about the security vulnerability that spurred PayPal to shut down the service and about how TIO’s problems will affect PayPal chief executive Dan Schulman’s strategy to serve the underbanked population. The incident also …

  • 30 November

    BlueSnap Notes M-Payments Increase and other Digital Transactions News briefs from 11/30/17

    B2 Processing Solutions launched the B2 PINPad Drivers, a product to help merchants migrate point-of-sale applications to EMV and contactless payments. Payments provider BlueSnap Inc. said its merchants experienced a 125% increase in mobile-wallet use on Thanksgiving, 124% increases on Black Friday, the day after Thanksgiving, and a 79% increase …

  • 29 November

    Stolen Data Ranges From 20 Cents to More Than $15 on Cybercriminals’ Shopping List

    The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

  • 29 November

    Bitcoin Jumps Past $11,000, But That’s Making Some Square Analysts Nervous

    Much as cryptocurrency skeptics would like to set aside Bitcoin, the currency keeps intruding into the payments world. On Wednesday, Bitcoin began trading above $11,000, only a day after it sailed past the $10,000 mark and just three days after pushing past $9,000. But Bitcoin bullishness isn’t helping Square Inc. …

  • 29 November

    Ensenta Acquisition Will Make Jack Henry a Major Player in Remote Deposit Capture

    Processor Jack Henry & Associates Inc. announced late Tuesday that it has a deal to acquire Ensenta Corp., a Redwood Shores, Calif.-based provider of remote deposit capture and payment and risk-control services. Founded in 2001, Ensenta provides more than 1,100 financial institutions and government agencies with software-as-a-service products distributed via …

  • 29 November

    Fime Gets Discover Accreditation and other Digital Transactions News briefs from 11/29/17

    Payment consulting and testing firm Fime obtained D-Payment Application Specification (D-PAS) accreditation from Discover Financial Services for the Pulse debit network, meaning Fime’s EMV chip card service for merchant acquirers is now available on all of Discover’s networks that include Discover and Diners Club International in addition to Pulse. SalePoint …

  • 28 November

    Holiday Shopping: Online Shift Accelerates As Chip Cards Dominate In Stores

    The consumer shift to online shopping on Thanksgiving and the following Friday, known as Black Friday, continues to increase, now accounting for 29% of shopping on these two days compared with 25% a year ago, finds research from First Data Corp. Based on data from transactions at 1.1 million brick-and-mortar …

  • 28 November

    M&A Activity in the Merchant-Acquiring Industry Heats Up

    As 2017 heads toward a close, merger-and-acquisition activity in the merchant-acquiring space is on track to equal or exceed 2016’s number of deals, and buyers are paying more as the pool of quality acquisition targets shrinks. Annapolis, Md.-based First Annapolis Consulting Inc. tells Digital Transactions magazine for its upcoming December issue …

  • 28 November

    InComm Card Available in the ‘Pays’ and other Digital Transactions News briefs from 11/28/17

    Research firm comScore Inc. said Thanksgiving e-commerce spending on desktop devices totaled $1.57 billion, a 22% increase from last year. Black Friday spending was $2.36 billion, a 20% increase from 2016. ComScore said 115 million consumers visited online retail sites on Thanksgiving, with 61% of them only visiting using a …