Tuesday , November 13, 2018

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Fallback Fraud Falls as Card Issuers Ramp Up Their Monitoring
Predicted Contactless-Card Boom Remains Just That for Card Manufacturer CPI Card Group
In the Shadow of Amazon, 7-Eleven’s Scan & Pay Brings Mobile Checkout to the C-Store Chain
NCR’s New CEO Started Eyeing Payments Soon After Taking the Company’s Reins
First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants

JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18

Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment service, Visa Direct, to make …

Fallback Fraud Falls as Card Issuers Ramp Up Their Monitoring

Fallback fraud, an offshoot of the counterfeit fraud that EMV chip cards are meant to reduce, declined over the past year, according to new findings from Auriemma Consulting Group. Fallback fraud refers to fraud resulting from would-be EMV payments resorting to the credit or debit card’s back-up magnetic stripe because of a problem with the …

PayFacto Debuts With an Eye on Merchants, Payfacs, and Gateway Services

PayFacto Inc., the new name for a combination of what had been three separate companies, launched with a mission to cultivate merchants with a trio of payments services. Montreal-based PayFacto is the result of combining B2Billing, CT-Payments, and Supreme Payments. Each of the Canadian firms had different specialties that PayFacto intends to capitalize on, Martin …

MoneyGram Hit by Government Settlement, Declining Revenues

Shares of wire-transfer provider MoneyGram International Inc. tumbled 29% Friday morning after the company reported declining revenues and a $125 million settlement with the federal government over lax fraud controls at some agent locations. The settlement involves “allegations that the company failed to take steps required under a 2009 Federal Trade Commission order to crack …

AmEx Scores a Breakthrough in China With a License to Process Domestic Payments

The major U.S. payment card networks have been trying to set up shop to process domestic transactions in mainland China for years, only to encounter government resistance. But American Express Co. announced a breakthrough Friday with a deal to become the first overseas network to win an OK to operate in China. AmEx received from …

Most—73%—Will Shop in Stores This Holiday Season and other Digital Transactions News briefs from 11/9/18

A survey of 1,000 U.S. adults found 73% will shop at a store for gifts this holiday season, but 13% will also use a virtual assistant, such as Siri or Alexa. Some 57% will use a computer and 42% a mobile device, according to the poll, conducted by merchant processor Citi Retail Services. Bottomline Technologies …