Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews With American Express Co. set to report its third-quarter financials Wednesday, the payments industry and Wall Street will be watching for signs from the beleaguered travel-and-entertainment giant about how it will recover from the loss of its cobranded card and acceptance relationship with Costco Wholesale Corp. AmEx …
October, 2016
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17 October
First Data’s Clover Bluetooth Reader and other Digital Transactions News briefs
• Bank of America Corp. said its debit card purchase volumes totaled $71 billion in the third quarter, up 2.5% from $69.3 billion a year earlier. U.S. credit card purchase volume increased 2% to $57.6 billion. BofA said it now has 21.3 million mobile-banking users, a 15.8% increase from 18.4 …
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14 October
Looking for the Hot Tech Trend in Payments? Hint: It’s Not Mobile Apps Any More
By John Stewart @DTPaymentNews While the payments business is caught up these days in working out strategies for mobile apps and social media, it turns out these aren’t the cutting-edge technologies they once were. Instead, fields like virtual reality, machine learning, and natural language are winning the spotlight. That’s according …
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14 October
Costco’s Cobranded Portfolio Gives a Big Lift to Citi’s Credit Card Transaction Volume
By Jim Daly@DTPaymentNews Its first full quarter of ownership of the big Costco Wholesale Corp. cobranded credit card portfolio helped to boost Citigroup Inc.’s North American purchase volume by 57%, the giant New York City-based bank reported Friday.
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14 October
Noble House Again Reports Data Breach and other Digital Transactions News briefs
• The rash of hotel breaches continues. Noble House Hotels & Resorts said it confirmed that a payment card system used at its Teton Mountain Lodge & Spa and Hotel Terra may have been breached between Sept. 5 and Sept. 6. The company said there are no indications the breach …
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13 October
Wayne Lines Up Kroger Fuel Pump EMV Transition And Earns First Data EMV OK
By Kevin Woodward@DTPaymentNews With the deadline for EMV compliance for fuel resellers a year away, fuel-pump maker Wayne Fueling Systems LLC is readying its products for the transition from magnetic-stripe payment cards. Wayne says its NAMOS point-of-sale system is now available for EMV transactions on First Data Corp.’s network, and …
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13 October
Samsung Pulls All Note 7 Devices and other Digital Transactions News briefs
• Payments provider TransFirst, a unit of Total System Services Inc. (TSYS), and Raintree Systems, which provides specialized practice-management software, formed a partnership that sees TransFirst as the integrated payments provider in Raintree’s software. • Following its decision earlier this week to halt production, sale, and exchange of its troubled …
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12 October
American 1 Says Its Ban on Wendy’s Card Transactions Will Continue ‘Until Further Notice’
By John Stewart @DTPaymentNews Ripple effects from the Wendy’s Co. data breach continue to swirl around the Columbus, Ohio-based hamburger chain, some perhaps in unexpected ways. A Michigan credit union that last week began declining credit and debit card transactions by its members at all Wendy’s locations refuses to say …
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12 October
New Payments Shop Fuzse Debuts With a Strategy To Reach Merchants Via Developers
By Kevin Woodward@DTPaymentNews Fuzse, a new payments company targeting merchants that want seamless payment flows, is embracing software developers and independent software vendors as a way to reach them. The Dallas-based company, founded by Lane Conner, a former executive at First American Payment Systems L.P., Century Payments, and most recently …
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12 October
NFC Forum Releases Four Proposed Specs and other Digital Transactions News briefs
• Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions. • The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification …
