Saturday , February 24, 2018

News

February, 2018

  • 9 February

    NRF’s 2018 Forecast and other Digital Transactions News briefs from 2/9/18

    The National Retail Federation predicts total industry sales this year will increase 3.8% to 4.4% over 2017’s levels, with online and other non-store retail sales rising 10% to 12%. A startup called WeTravel, which streamlines travel planning, booking, and payments for small businesses, has closed a $2 million funding round. …

  • 8 February

    Digital and Other New Services To Drive 7%-Plus Annual Growth in the Prepaid Market, Aite Predicts

    The prepaid market can expect to grow more than 7% annually over five years, but unlike its early days in which plastic gift cards and government payments dominated, much of the growth will come from new virtual uses for prepaid products, according to a new Aite Group LLC report. Boston-based …

  • 8 February

    Don’t Know About TLS? You, and Your Merchants, Soon Will

    A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …

  • 8 February

    Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin

    It was probably only a matter of time before someone combined contactless payment, wearable devices, and cryptocurrencies. On Thursday, Fit Pay Inc. announced a device that will let users convert digital currency holdings into fiat currency for transactions at any point of sale capable of contactless interaction using near-field communication. …

  • 8 February

    Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

    Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …

  • 8 February

    Apptizer App Integrated into Verifone Carbon and other Digital Transactions News briefs from 2/8/18

    Payment-processing hardware and software provider VeriFone Systems Inc. said the Apptizer mobile order-ahead app is now integrated with its Verifone Carbon point-of-sale devices. In related news, VeriFone said Helsinki-based Euroloan Group Plc’s Mash application is now integrated into the Verifone Connect system, enabling consumers to select a pay-later option when …

  • 7 February

    Fraudsters’ First Love: Signature Debit Cards

    Criminals target signature-based debit cards for fraud attempts far more than any other payment method, according to new findings from the Federal Reserve Bank of Minneapolis. The Minneapolis Fed’s survey last summer, which garnered responses from 283 banks and credit unions across the country, found that more than 90% of …

  • 7 February

    ProPay Launches Payment Network for Software-as-a-Service Firms

    ProPay, a unit of Total System Services Inc. (TSYS), announced the debut of the ProPay Payment Network Wednesday. The service targets software-as-a-service providers and aims to make it easier for them to make payments among merchants, marketplaces, affiliates, consultants, and partners. TSYS says it does that through a single point …

  • 7 February

    Consumer Cynicism Climbs in a ‘Runaway Year for Fraudsters,’ a Report Finds

    Thanks to the seemingly unending epidemic of data breaches—capped by the huge breach last summer at credit-reporting titan Equifax Inc.—consumers are becoming both more aware and more cynical about the problem, according to research released Tuesday by Javelin Strategy & Research. In the wake of the Equifax case, in which …

  • 7 February

    GCF Buys Paper Systems and other Digital Transactions News briefs from 2/7/18

    Point-of-sale products seller General Credit Forms Inc. said it purchased Paper Systems Inc., a manufacturer of paper rolls for POS and ATM systems. Paper Systems will continue to operate as PSI. Terms were not disclosed. Euronet Worldwide Inc., which is based in the United States but operates ATM and other …