By Kevin Woodward@DTPaymentNews U.S. shoppers flooded into stores and online this past weekend—Macy’s Web site crashed on Black Friday from the crush—to find holiday gift deals, with many putting their chip cards to use, though e-commerce spending, where the fraud-prevention feature of the chip is immaterial, continues to increase. In …
Read More »Affirm Adds Four Integrations and other Digital Transactions News briefs
• Processor Jack Henry & Associates Inc. will resell the Zelle person-to-person payments service to its financial-institution clients under a new agreement with Zelle’s owner, Early Warning Services LLC. • Affirm Inc., whose technology allows consumers to pay over time for online purchases, said it is now integrated with four new e-commerce …
Read More »First Data Is Becoming an ‘Increasingly Competitive’ Processor, Report Says
By Jim Daly@DTPaymentNews Can First Data Corp. shake its reputation as the aircraft carrier of the payments industry, a behemoth processor that is anything but nimble? It can, according to a new report from a securities firm. “First Data becoming increasingly competitive,” says the headline in the report by Chicago-based …
Read More »Momentum Grows for Blockchain As Its Bitcoin Wallet Breaches the 10-Million Mark
By John Stewart@DTPaymentNews Buoyed by seismic political and financial events, the Bitcoin digital currency is picking up momentum in both its value and its adoption. Blockchain, a U.K. company that offers Bitcoin services, last week celebrated having issued 10 million wallets since its founding in 2011. That’s a doubling in …
Read More »With Payments Veteran Rawls at the Helm, iPayment Solicits Resellers To Boost Growth
By Kevin Woodward@DTPaymentNews New York-based iPayment Holdings Inc. has named O.B. Rawls IV chief executive and president and charged the veteran payments executive with guiding the payments company’s plans to increase sales . Rawls, whose prior experience includes First Data Corp., also joins the iPayment board of directors. He has …
Read More »The ETA Sends a Payments-Industry Wish List to President-Elect Trump
By Jim Daly@DTPaymentNews Perhaps when he’s not tweeting, President-elect Donald J. Trump will get around to reading the letter the Electronic Transactions Association sent to him Monday outlining payments-industry proposals for Congress and federal regulators once Trump’s administration takes over in January. “ETA encourages your administration to create a policy …
Read More »More Than Tickets in Ticketing App and other Digital Transactions News briefs
• The U.S. District Court for the Eastern District of Pennsylvania issued final approval of a $37.5 million settlement in a class-action case, Reyes v. Zions First National Bank, attorneys for the class announced. In the case, plaintiffs alleged Zions Bank and a former payment-processing subsidiary knowingly handled payments for fraudulent …
Read More »Ingenico Debuts Android mPOS Device and other Digital Transactions News briefs
Terminal maker Ingenico Group introduced its first Android-based mobile point-of-sale payment device, the APOS. The portable terminal includes a front and rear camera and accepts payments based on EMV, mag-stripe, and near-field communication. Cubic Transportation Systems announced it has been awarded a $4.8 million contract modification from the Maryland Transit …
Read More »Another Hotel Warns of Possible Data Breach and other Digital Transactions News briefs
• Payments-services provider ACI Worldwide Inc. said it expects the rate of attempted online fraud in the United States during the holiday shopping season will increase 43% over the same period last year, based on transaction data it has seen so far. This increase follows U.S. adoption of EMV cards at the …
Read More »Apple Pay Promotions Yield 37% Increase in Vending Machine Sales, Says USAT
By Kevin Woodward@DTPaymentNews Vending payments specialist USA Technologies Inc. says promoting Apple Pay at the point of sale produced a 36.5% increase in overall sales and a 55.5% increase in revenue from contactless purchases. Malvern, Pa.-based
Read More »