By Jim Daly@DTPaymentNews Chipmaker Gemalto N.V. and risk-management firm ThreatMetrix Inc. announced that they are jointly providing online authentication technology to banks, payment-service providers, payment networks, and financial startups. Through a single vendor relationship, the companies’ customers can get access to ThreatMetrix’s Digital Identity Network and Amsterdam-based Gemalto’s various authentication …
Read More »Eleven States—But Not the DoJ—Ask the Supreme Court to Review AmEx Steering Case
By John Stewart @DTPaymentNews A landmark anti-steering case against American Express Co. is going to the U.S. Supreme Court. Attorneys general from 11 states have asked the high court to review a decision handed down in September by a federal appeals court that upheld AmEx’s policy of banning merchants from
Read More »EMV Accounts for More Than Half of Major-Brand U.S. Cards, New EMVCo Figures Show
By John Stewart @DTPaymentNews The U.S. transition to the EMV chip card standard has been a long and troubled road, but statistics released by the international standards body behind EMV indicate encouraging progress. As of the end of 2016, 52.2% of major-brand payment cards in the United States—some 675 million …
Read More »M-Payment Laundry App Debuts and other Digital Transactions News briefs
• Washlava, a startup focusing on self-service laundromats, release its mobile app that enables users to reserve an LG Giant commercial washing machine and pay for the use via the app after tapping the phone against the machine. • Vending-payments specialist USA Technologies Inc. said the amount of contactless payments for laundry …
Read More »Eye on Security: Data Breaches up 35%; Malware Hits Kmart
By Jim Daly@DTPaymentNews The number of data breaches tracked by the Identity Theft Resource Center in 2017 hit 698 as of May 30, a 35.3% increase over the record pace of a year ago when the ITRC flagged 516 breaches in 2016’s first five months. The San Diego-based nonprofit monitors …
Read More »EDGE, a Universal Card Service, Eyes Coin Users and other Digital Transactions News briefs
• EDGE Mobile Payments LLC, which offers a card-consolidation device, said it is offering users of the former Coin card a discount on the purchase of its EDGE Card. Fitbit Inc. purchased Coin in 2016, and the service was shuttered earlier this year. • PayPal Holdings Inc.’s dominance in e-commerce payments …
Read More »Pressure Builds for Cannabis Payments
The growth of the legal cannabis industry will force bankers and payments executives to examine the business prospects of serving that industry, according to an executive with a regional automated clearing house association. While marijuana remains illegal under federal law, 29 states have approved for it for use by adults …
Read More »iPayment Launches Gateway and other Digital Transactions News briefs
• Marking an end to American Express Co.’s cobranded card losing streak, hotel chain Hilton Worldwide Holdings Inc. named AmEx as its exclusive credit card issuer effective Jan. 1, according to Bloomberg. AmEx and Citigroup Inc., which took over issuance of the Costco Wholesale Corp. cobranded card from AmEx a year …
Read More »Digital Transactions June 2017
http://www.nxtbook.com/nxtbooks/dt/201706/
Read More »Hard to Swallow?
By Jim Daly and John Stewart The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card …
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