Digital Transactions Authoritative, insightful and timely information for payments professionals
A trade group of independent ATM deployers on Thursday issued a report blasting the federal government’s Operation Choke Point targeting high-risk merchants, and the nation’s leading retailer association called on the Federal Trade Commission to investigate the PCI Security Standards Council on antitrust grounds. While mostly affecting a few merchant …
June, 2016
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2 June
You’ve Heard of Honor-All-Cards. Now Retailers Are Battling Honor-All-Wallets
The latest battle between merchants and the major card brands has been brewing behind the scenes for months but went public Thursday when an advocacy group for big-box retailers charged that a new twist on network rules is slowing the progress of mobile payments. The controversy involves regulations long maintained …
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1 June
Harbortouch Swaps Private-Equity Partners in Deal Valued at $500 Million-Plus
Merchant-services company Harbortouch Payments LLC has a new private-equity investor in a deal valued at more than $500 million. Searchlight Capital Partners L.P. announced Wednesday it made an investment in Allentown, Pa.-based Harbortouch. Jared Isaacman, Harbortouch chief executive and founder, says the deal is valued at more than $500 million, …
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1 June
COMMENTARY: What Businesses Should Know About Unattended-Payment Solutions
The use of credit cards in the United States is rising, and new payment options like Apple Pay and Android Pay are gaining popularity. You can bet consumers paying at parking meters, vending machines, or pharmacy-pickup windows will start to expect the convenience of these multiple payment options. 1. EMV …
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1 June
Benefits and Risks of Remote Deposit Capture and other Digital Transactions News briefs
• PayPal Holdings Inc. plans to cease operations in Turkey in the next week because financial regulators there rejected its license applications, apparently because it does not keep its IT systems in Turkey, Fortune reported. • Some 88% of 400 respondents to a RemoteDepositCapture.com poll about risk said the benefits …
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1 June
How Are the ‘Pays’ Doing? Latest Research Says Usage Is Limited, But Users Are Happy
By John Stewart @DTPaymentNews Ever since Apple Pay debuted in 2014, payments pundits have wondered how fast mobile payments would catch on with consumers. The near-simultaneous arrival of two rivals, Android Pay and Samsung Pay, last fall only made the question more urgent. And now data is emerging that indicates …
May, 2016
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31 May
Beanstream’s U.S. Venture Targets ISVs As It Taps Parent Bambora’s Processing Reach
Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …
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31 May
Diebold’s Wincor Nixdorf Deal Moves Ahead and other Digital Transactions News briefs
• Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …
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27 May
The PCI Council Updates its Payment-Processing Software Rules
The PCI Security Standards Council on Friday released version 3.2 of its Payment Application Data Security Standard, which sets rules for payment-processing software. The new PA-DSS aligns with the recently updated main security standard, the Payment Card Industry Data Security Standard version 3.2. Today’s update was expected, as the Wakefield, …
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27 May
MasterCard Reports Growth in EMV Merchants, With a Decline in Counterfeit Fraud
Despite hiccups and hitches along the way, the conversion of the massive and highly fragmented U.S. payment card industry from magnetic-stripe credit and debit cards to ones bearing an EMV chip appears to be moving apace. The latest data from MasterCard Inc. finds the number of merchants accepting chip cards …