Wednesday , December 13, 2017

News

November, 2017

  • 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 …

  • 27 November

    A Bullish Market Pushes Bitcoin Past $9,000 As a P2P App for the Digital Currency Emerges

    So far, nobody is making any money betting on Bitcoin to crash. The digital currency on Sunday soared past the $9,000 mark just five days after hitting $8,000 for the first time, and the $10,000 level could be in sight as early as later Monday, according to Coindesk, an online …

  • 27 November

    The Signs Point to More Payment Volume for Merchant Acquirers This Holiday Season

    Early reports about consumer spending over the long Thanksgiving weekend indicate that merchant processors serving both brick-and-mortar and online merchants can expect more payment volume this year than last. With CyberMonday, the Monday after Thanksgiving, now in full swing, the outlook for online sales is strong if a report from …

  • 27 November

    TD Bank Releases Holiday Shopping Survey and other Digital Transactions News briefs from 11/27/17

    On average, U.S. consumers will spend $500 on holiday purchases this season, found the TD Bank Merry Money Holiday Spending Survey. Most consumers could overspend. In the past, 76% of respondents said they overspent their past holiday budgets by an average of $263. Rakuten Marketing said its sales in the …