Friday , January 19, 2018

Transaction Processing

First Data Completes BluePay Acquisition and other Digital Transactions News briefs from 12/1/17

Processor First Data Corp. completed its previously announced, $760 million acquisition of independent sales organization BluePay Holdings Inc.  Payment-services provider Shift4 Corp. announced its EMV-certified services are now available to users of Posera Ltd.’s Maitre’D point-of-sale hospitality software. Infinite Peripherals launched the InfineaRetail Airline Edition point-of-sale suite of products. Mastercard …

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Eye on M-Commerce: Tire Retailer on a Roll; Other Merchant Types Experience Increases

Holiday gifts and everyday products may garner much of the attention when it comes to mobile-commerce transactions, but a tire retailer is finding success with the technology, too. SimpleTire, a Trevose, Pa.-based online seller, found that consumers were in the mood to buy tires online on Cyber Monday. SimpleTire says …

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Amazon Opening Voice-Command Payments To Outside Developers and Merchants

Amazon.com Inc. is recruiting outside software developers and merchants to create functions that work with its Alexa voice-command system and the Amazon Pay service so that consumers can make purchases using their Amazon payment credentials at both physical and online merchants. Seattle-based Amazon made the announcement at its big Amazon …

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PayPal Restores Some TIO Service But Big Questions Linger Over TIO’s Security Issues

PayPal Holdings Inc. has restored some service in its TIO Networks bill-pay operation but pressing questions remain about the security vulnerability that spurred PayPal to shut down the service and about how TIO’s problems will affect PayPal chief executive Dan Schulman’s strategy to serve the underbanked population. The incident also …

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BlueSnap Notes M-Payments Increase and other Digital Transactions News briefs from 11/30/17

B2 Processing Solutions launched the B2 PINPad Drivers, a product to help merchants migrate point-of-sale applications to EMV and contactless payments. Payments provider BlueSnap Inc. said its merchants experienced a 125% increase in mobile-wallet use on Thanksgiving, 124% increases on Black Friday, the day after Thanksgiving, and a 79% increase …

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Stolen Data Ranges From 20 Cents to More Than $15 on Cybercriminals’ Shopping List

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

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Bitcoin Jumps Past $11,000, But That’s Making Some Square Analysts Nervous

Much as cryptocurrency skeptics would like to set aside Bitcoin, the currency keeps intruding into the payments world. On Wednesday, Bitcoin began trading above $11,000, only a day after it sailed past the $10,000 mark and just three days after pushing past $9,000. But Bitcoin bullishness isn’t helping Square Inc. …

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Ensenta Acquisition Will Make Jack Henry a Major Player in Remote Deposit Capture

Processor Jack Henry & Associates Inc. announced late Tuesday that it has a deal to acquire Ensenta Corp., a Redwood Shores, Calif.-based provider of remote deposit capture and payment and risk-control services. Founded in 2001, Ensenta provides more than 1,100 financial institutions and government agencies with software-as-a-service products distributed via …

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Fime Gets Discover Accreditation and other Digital Transactions News briefs from 11/29/17

Payment consulting and testing firm Fime obtained D-Payment Application Specification (D-PAS) accreditation from Discover Financial Services for the Pulse debit network, meaning Fime’s EMV chip card service for merchant acquirers is now available on all of Discover’s networks that include Discover and Diners Club International in addition to Pulse. SalePoint …

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Holiday Shopping: Online Shift Accelerates As Chip Cards Dominate In Stores

The consumer shift to online shopping on Thanksgiving and the following Friday, known as Black Friday, continues to increase, now accounting for 29% of shopping on these two days compared with 25% a year ago, finds research from First Data Corp. Based on data from transactions at 1.1 million brick-and-mortar …

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