Saturday , March 6, 2021

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

NACHA Wants the Fed To Take a Broader View of Faster Payments

NACHA is not taking a position on whether the Federal Reserve should build a proposed real-time settlement system, but in comments this week the automated clearing house governing body said it is concerned the Fed’s current proposal is “too narrowly focused” and favors instant payments at the expense of other …

Read More »

Processor Shares Fell Again in November, But Not As Much As in October

Shares of transaction-processing companies lost ground in November for the second month in a row, but the decline wasn’t nearly as great as October’s 10% plunge, according to new data from Barrington Research Associates Inc. The Chicago-based investment firm says share prices of a group of 26 publicly traded transaction …

Read More »

European Merchants Would Pay 40% Less to Accept U.S.-Issued Cards Under Visa-Mastercard Proposals

European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …

Read More »

Starwood Breach Raises the Question of Whether Hackers Have Keys to Encrypted Data

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

Read More »

The PCI Council Publishes Updated Guidance for Securing Telephone-Based Payments

Online and mobile payments get all the press, but plenty of card-not-present payments still originate from telephone orders. The security threats from such orders are changing, which prompted the PCI Security Standards Council to issue an update Wednesday to guidance it first produced seven years ago for protecting phone-based payments. …

Read More »

Visa’s Counterfeit Fraud Declines, But Some Other EMV Measures Signal a Conversion Lull

Counterfeit fraud losses continue to decline, according to Visa Inc.’s latest report about the U.S. conversion to the EMV chip card standard. But Visa’s EMV dollar volume was lower in September than in June, and the number of merchants that accept chip cards remained unchanged at 3.1 million. Visa says …

Read More »

British Competition Regulators Probe PayPal’s Takeover of iZettle

The United Kingdom’s Competition and Markets Authority announced Monday that its initial investigation has found that PayPal Holdings Inc.’s September acquisition of Swedish processor iZettle AB could reduce competition or raise prices in the payments market. But whether the antitrust regulator will unwind the deal is far from certain. “While …

Read More »

Consumers’ Small Business Saturday Spending Rose 38% This Year, AmEx Reports

After slipping the previous two years, spending at independent shops and restaurants jumped 38% to an estimated $17.8 billion on Small Business Saturday, American Express Co. and the National Federation of Independent Business trade group reported Monday. AmEx founded the Saturday-after-Thanksgiving promotion in 2010 to highlight locally owned businesses in …

Read More »

Consumers’ Comfort Level With Big-Ticket Mobile Purchases Grows, Comscore Says

As merchant acquirers prepare for an expected tide of holiday purchase transactions, they might notice that more big-ticket spending will be originating this year from mobile devices, according to Internet metrics firm Comscore Inc. Purchases of big-ticket items, which Reston, Va.-based Comscore defines as those costing more than $500, “hit …

Read More »

Mitek Suitor Urges the Company’s Board to Begin Talks

Rebuffed earlier this month, a hedge fund on Tuesday urged remote deposit capture and identity-verification software provider Mitek Systems Inc. to reconsider its rejection of a buyout offer and begin negotiations. In a letter to Mitek’s board of directors, New York City-based Elliott Management Corp. accuses the board of “old-fashioned …

Read More »
Do NOT follow this link or you will be banned from the site!