Digital Transactions Authoritative, insightful and timely information for payments professionals
The Electronic Payments Coalition has opened a new front in its battle to prevent passage of the Credit Card Competition Act: it’s recruiting social-media influencers to join its cause. In June, the EPC put out a memo on the new tactic as part of its “Hands Off My Rewards” campaign …
December, 2023
-
13 December
Visa Launches a Service Aimed at Stopping Fraud Caused by Illegitimate Token Requests
Tokenized credentials are supposed to stop fraud by masking card account numbers when a transaction is processed, but according to Visa Inc. global losses owing to illegitimate tokens totaled $450 million last year. That’s bad enough to prompt the network to announce early Wednesday it is launching Visa Provisioning Intelligence, …
-
13 December
Zip in Google Pay Integration And Other Digital Transactions News briefs from 12/13/23
Buy now, pay later provider Zip Co. said U.S. merchants that accept Google Pay online can integrate Zip’s Pay-in-4 service, backed by WebBank, for Google Pay transactions. Trustly Group AB, an open-banking payments platform, announced its transaction volume on the Real Time Payments network increased 29% in the third quarter over the …
-
12 December
Discover Taps New CEO And Other Digital Transactions News briefs from 12/12/23
Discover Financial Services said its board of directors has appointed Michael G. Rhodes chief executive and president. Rhodes, who will take office on or before March 6, succeeds interim CEO and president John Owen, who will continue as a Discover board member. Rhodes comes to Discover from TD Bank, where he was …
-
12 December
Eye On BNPL: Affirm Teams Up With Blackhawk Network; Splitit Delists Upon Its Latest Cash Infusion
BNPL providers are expanding the utility of the payment option by enabling consumers to finance gift card purchases. BNPL provider Affirm Holdings Inc. announced Tuesday it is partnering with prepaid card platform provider Blackhawk Network Holdings Inc. to allow consumers to purchase digital gift cards on Affirm.com or in the …
-
12 December
Waffle House And Its Nearly 2,000 Locations Sign up With Olo for Digital Ordering
Digital ordering took off when the pandemic set in, and while Covid has subsided, the appetite for online ordering and payment has only surged among restaurants. Now the trend has claimed a major chain that until now had proven resistant to the technology. Olo Inc., a New York City-based dining-technology …
-
11 December
Holiday Sales on Cards Are Off to a Healthy Start, the NRF Says
Holiday sales were robust in November, giving merchants reason to be optimistic about overall spending for the holiday shopping season, according to the National Retail Federation. Total retail sales in November, excluding automobiles and gasoline, rose 0.77% month-over-month on a seasonally adjusted basis, and 4.24% on an unadjusted basis year-over-year, …
-
11 December
How DataVisor Is Harnessing SMS Technology to Combat Fraud From Identity Theft
Short-message service, or SMS, is coming to the aid of fraud managers looking to verify the identity of persons on the receiving end of payments transactions. The technology, which undergirds the well-known texting function between users of mobile phones, can be harnessed to stop fraud, according to security firm DataVisor …
-
11 December
FreedomPay Adds CitiPay And Other Digital Transactions News briefs from 12/11/23
Payments platform FreedomPay has agreed to offer Citi Pay, a provider of point-of-sale financing and a unit of Citi Retail Services, to its merchant clients. Payment processor 100Group announced an expansion in motorsports with an agreement to process transactions for Tony Stewart Racing. SimplePin Inc., a payments platform specializing in the insurance industry, has …
-
8 December
Navy Federal Credit Union Picks Alacriti for RTP Access
With real-time payments perhaps on the cusp of becoming an essential payment service, Navy Federal Credit Union, which rung up $2.7 million in real-time deposits on its first full day on the RTP network from The Clearing House Payments Co. LLC, is using Alacriti to connect to the network. Bridgewater, …
