Monday , June 18, 2018

News

February, 2018

  • 27 February

    Square Claims $1 Billion in Annual Volume on Its Cash Card

    Square Inc. on Tuesday pulled back the curtain, at least a little bit, on its Cash App and the related Cash Card, a Visa-branded debit card. The app has 7 million active users, and cardholders spent $90 million using the card in December, good for annualized volume of $1 billion, …

  • 27 February

    Merchants Eye Checkout, Financing, and Mobile Investments in 2018, Says Vyze

    Many merchants—98%—are looking to make investments in their checkout systems this year, finds the Merchant Credit Survey from Vyze Inc., a consumer financing provider. Investing in financing programs ranked high, with 97% saying they anticipate focusing on financing and credit options. Most merchants—92%—plan to make mobile app and mobile Web …

  • 27 February

    Survey Results Show a Surprising Slowdown in Merchant Compliance With Key Security Rules

    At a time when the payment card industry continues to struggle with the consequences of data breaches, the last thing acquirers and issuers need is a slowdown in merchant compliance with critical data-security rules. Yet that is what’s going on, warn the Merchant Acquirers Committee and ControlScan Inc. in survey …

  • 27 February

    Blackhawk’s Proposed $3.5 Billion Buyout Headed Toward Mid-Year Close

    No other bidders emerged during a so-called go-shop period that expired earlier this month, so Blackhawk Network Holdings Inc. reported Tuesday that its planned $3.5 billion buyout by two investment firms remains on track to close at mid-year. The Pleasanton, Calif.-based provider of gift cards and other prepaid card services …

  • 27 February

    Ingenico Launches POS Device for SMBs and other Digital Transactions News briefs from 2/27/18

    Liberal members of the U.S. Supreme Court sharply questioned American Express Co.’s lawyer during oral arguments Monday for a major case involving a challenge to AmEx’s anti-steering rules for its merchants, Reuters reported. A group of 11 states led by Ohio alleges the rules violate antitrust laws and is challenging …

  • 26 February

    Discover Teams Up with FitPay To Provide Contactless Payments With Wearables and IoT Devices

    Discover Financial Services cardholders will be able to make point-of-sale contactless purchases with wearables and Internet of Things devices that use FitPay Inc.’s FitPay Payment Platform under an agreement announced Monday by the two companies. The new service will provision payment credentials using the Discover Digital Exchange, Riverwoods, Ill.-based Discover’s …

  • 26 February

    Mastercard Triples Engage Vendors and other Digital Transactions News briefs from 2/26/18

    Point-of-sale equipment maker Ingenico Group said it has begun integrating Google Pay Smart Tap into its POS terminals in the United Kingdom, enabling Google Pay users to transmit their loyalty information, coupons, and offer redemptions in a single tap along with the payment. Ingenico said this is the first step …

  • 26 February

    Mass Card Replacements Wreak Havoc. A Startup Says It Has an Answer

    For years, the change in card credentials that occurs when issuers send out replacement plastic has caused heartburn for cardholders and merchants alike. New card numbers, expiration dates, or three-digit card-verification values can help thwart fraud when cards are lost or stolen, but they also wreak havoc with unaware merchants, …

  • 23 February

    Apple Pay’s Great Mystery: Why Apple Doesn’t Promote Its Advantages More

    As Apple Pay’s global user base climbs to an estimated 127 million individuals, a mystery about why even more consumers don’t use Apple Inc.’s mobile-payment service confounds one researcher. Loup Ventures, a Minneapolis-based venture-capital firm, on Thursday released its annual Apple Pay review. Among its findings is that the estimated …

  • 23 February

    Many Firms Pay a Price for Compromising Mobile Security in the Name of Efficiency

    Some 27% of executives with responsibility for their organization’s mobile devices said their firm had experienced a security incident in the past year involving the loss of data or system downtime in which mobile devices played a key role, according to new findings from Verizon Communications Inc. In addition, 32% …