Digital Transactions Authoritative, insightful and timely information for payments professionals
By Kevin Woodward@DTPaymentNews E-commerce fraud, the bane of online retailers and payments providers, is not only on the rise, certain U.S. locations seem more prone to this deceit than others. That’s according to a recent report from Experian plc. Data-specialist Experian says the riskiest ZIP code for shipping-address fraud is …
September, 2016
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27 September
ACI and VocaLink in Faster Payments Deal and other Digital Transactions News briefs
• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc. • Payment technology provider ACI Worldwide …
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26 September
Notes From Using Apple Pay on the Web: Easy And Slick; Too Bad It’s Safari Only
By Kevin Woodward@DTPaymentNews Apple Pay’s latest incarnation—enabling one-click payments for mobile and desktop Web-site purchasing—deftly brings the familiarity of such payments to Apple Pay users and merchants. At least, that’s my take on it, having used it last week when the service was released as part of an Apple Inc. …
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26 September
TCF Makes Dual Interface Its Standard EMV Debit Card Offering
In a break from the practice of most EMV chip card issuers, TCF National Bank reported this month that it will be issuing all of its customers’ debit cards with both contact and contactless capabilities. The bank, the principal subsidiary of Wayzata, Minn.-based TCF Financial Corp., said it will begin …
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26 September
Bank Adds Mobile Card Control Feature and other Digital Transactions News briefs
• E-commerce marketplace Rakuten.com will allow merchants outside the United States to sell to U.S. customers and collect payments in their local currency through a new arrangement with processor Payoneer. • First National Bank of Pennsylvania added a feature called CardGuard to its mobile-banking app that lets users turn their …
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23 September
Avidia Bank Among Same-Day ACH Pioneers and other Digital Transactions News briefs
• Avidia Bank announced it is offering same-day ACH payments using technology supplied by linked2pay, a payments-technology company. • Fuel-pump manufacturer and convenience-store technology provider Gilbarco Veeder-Root said Colbea Inc., which does business as Seasons Corner Market, is installing Gilbarco’s Passport Point of Sale system to handle EMV chip card payments …
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22 September
On the Eve of Same-Day Clearing, ‘Excitement Is Palpable’ at ACH Nerve Center
By John Stewart@DTPaymentNews Same-day processing starts Friday on the nation’s automated clearing house network, and months of preparation and planning appear to be paying off. “Everybody is heads-down getting it done. We haven’t been getting any SOS calls,” Jane Larimer, executive vice president of network services at NACHA, the governing …
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22 September
Though Locked in Combat With Visa, Wal-Mart Cuts a Deal for ChaseNet Visa Acceptance
By John Stewart@DTPaymentNews Wal-Mart Stores Inc.’s deal with JPMorgan Chase & Co.’s ChaseNet processing network, announced Thursday morning, proves that the nation’s biggest retailer can make peace with the big card brands if the terms are right. And it may indicate bigger prospects for Chase’s ambitious merchant-acquiring operation. Under the …
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22 September
Experian Releases E-commerce Fraud Report and other Digital Transactions New briefs
• U.S. Attorney General Loretta Lynch is expected to announce a crackdown on a global mail-fraud scheme that allegedly stole millions of dollars from elderly victims, CNNMoney reported. At the center of the investigation is an Canadian processor named PacNet Services Ltd. that reportedly deposited many of the victims’ checks. …
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22 September
The Decade-Old PCI Council Looks Forward, But Some Things Don’t Change
By Jim Daly@DTPaymentNews The PCI Security Standards Council is now a decade old, and as it concludes its annual North America community meeting in Las Vegas Thursday it faces a payments-security landscape vastly changed from the one it confronted 10 years ago, with mobile payments, tokenization, and so-called fin-tech startups …
