Saturday , April 10, 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.

EMVCo Rolls Out Its PAR Data Element To Reduce Security Threats to Card Numbers

EMVCo, the chip card standards body owned by the world’s largest payment card networks, on Tuesday formally updated its tokenization specification to include the new Payment Account Reference data element. The purpose of PAR is to match tokens to the underlying primary account number of a credit or debit card …

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Report: PayPal Likely To Deflect New Competition From a Browser-Based Apple Pay

PayPal Holdings Inc.’s shares took a hit last week when a media report said Apple Inc. plans to launch a mobile-browser version of its Apple Pay service, potentially making Apple Pay a stronger competitor to the online and mobile-payments leader. But a payments analyst says any new competition from Apple …

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PayPal, Card Brands Gain More Than Banks in Consumer Mobile-Wallet Preferences

If consumers wanted a mobile wallet in 2013 and 2014, they wanted it from their primary financial institution. But things changed in 2015, when PayPal and Visa surpassed banks and credit unions as preferred wallet providers. That’s the bad news for financial institutions in a new report about mobile wallets …

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Squeezed by Competitors And Finances, Jumio Sees a Savior in Facebook’s Co-Founder

Online and mobile-authentication technology provider Jumio Inc. filed for bankruptcy protection and put itself up for sale Monday, but the Palo Alto, Calif.-based firm expects to live on thanks to support from Facebook co-founder Eduardo Saverin. Saverin, an early equity investor who has injected at least $23 million into Jumio …

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Eye on Cuba: Stripe, PayPal and Western Union Eye a New Growth Market

With President Obama in the midst of a historic trip to Cuba Monday, payments companies ranging from Stripe to PayPal to Western Union are eyeing new transaction growth as relations thaw between the U.S. and the island nation just 105 miles from Florida. Online payments provider Stripe Inc. announced that …

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Sen. Durbin Suggests That the Big Networks Have Too Much Power Over Chip Cards

U.S. Sen. Richard Durbin, author of 2010’s controversial Durbin Amendment, wants to know about the inner workings of EMVCo, the chip card standards body owned by the six largest global payment card networks. A statement Thursday from the Illinois Democrat says Durbin is “seeking information on whether the deployment of …

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Green Dot’s New Test With Uber Drivers Could Drive Traffic to Its Bank

Prepaid card provider Green Dot Corp. on Thursday announced a test with ride-sharing service Uber in which Uber drivers can be paid instantly via deposits into Green Dot’s subsidiary bank. Drivers for San Francisco-based Uber normally are paid once a week via direct deposit into financial accounts on file with …

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First Data Continues Streamlining Operations With Facilities Changes

First Data Corp. recently closed one office in Florida and plans to close a bigger one in New York next year, but the company still added 1,000 employees to its worldwide head count last year. Newsday, the newspaper of Long Island, N.Y., reported Tuesday that First Data filed a report …

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Venmo Blogs About Security Policies After Keywords Trigger Transaction Delays

PayPal Holdings Inc.’s popular Venmo person-to-person payments service posted a review of the company’s anti-money-laundering and related security policies Sunday in the wake of transaction reviews triggered by certain keywords in Venmo messages that have slowed down the payments process. “There has been recent discussion around specific keywords associated with …

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Coinstar and Redbox Parent Firm Outerwall Looking at Strategic Alternatives

Its original Coinstar coin-counting business long overshadowed by its once-booming but now fading Redbox DVD and video-game rental business, Outerwall Inc. on Monday announced that it had hired investment banker Morgan Stanley & Co. “to explore strategic and financial alternatives” for Outerwall shareholders. The company simultaneously announced that would double …

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