Digital Transactions Authoritative, insightful and timely information for payments professionals
• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …
March, 2017
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2 March
A Ripening EMV Migration Catches up to Cardmaker CPI Card Group
Payment card maker CPI Card Group Inc. says it will focus on small and mid-size issuers migrating from magnetic stripe cards to cards bearing an EMV chip in 2017 as it contends with a saturating market for the advanced cards. As larger banks and credit unions complete their migration programs, …
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2 March
Dwolla Debuts Transfer Web App and other Digital Transactions News briefs
• McDonald’s Corp. is adding order-ahead and payment features to its mobile app as part of a new global growth strategy; mobile order and pay will be enabled in 20,000 restaurants in the U.S. and other countries by year’s end, the fast-food giant giant said. • Dwolla Inc. has introduced Transfer, …
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1 March
How Ant Financial Is Laying the Foundation for Alipay’s Expansion
Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …
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1 March
Banks’ Upbeat Report on Same-Day ACH
In an early glimpse of how U.S. businesses are using faster payments, the governing body for the automated clearing house issued survey results last month showing that 90% of respondents at surveyed financial institutions report same-day ACH origination volume at or above what they expected. Despite that higher-than-expected volume, the …
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1 March
Biller Sites Are Running the Table When It Comes to Bill Pay
In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report from …
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1 March
Spoofed IDs Help Darken the Security Picture
Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the money they hold. The …
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1 March
More Bad News: Phishing Attacks Surged 65% to Hit a Record 1.22 Million in 2016
The bad news about payments risk just keeps on coming. The Anti-Phishing Working Group Inc. reported this week that phishing attacks reached an all-time high in 2016, totaling 1,220,523. That was up fully 65% over 2015, the group says in its latest quarterly report. Another way to look at the …
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1 March
Square Debuts Caviar Pickup and other Digital Transactions News briefs
• Merchant processor Sterling Payment Technologies, a unit of EVO Payments International, has partnered with RPower Point of Sale, a vendor of point-of-sale software for restaurants, to offer an EMV solution for the hospitality industry. • Merchant processor Square Inc. introduced Caviar pickup, a new feature on its Caviar restaurant food-ordering and delivery service that …
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1 March
Square Feasts on Food Pick-Up With Its Caviar Expansion and OrderAhead Acquisition
In an effort to cement its ties with restaurants, Square Inc. announced Wednesday it is adding a pick-up feature to its Caviar meal-delivery service and has acquired the OrderAhead restaurant pick-up service. Both moves capitalize on the trend time-strapped consumers buying restaurant meals for consumption elsewhere, be it at home or …
