Digital Transactions Authoritative, insightful and timely information for payments professionals
Discover Financial Services cardholders will be able to make point-of-sale contactless purchases with wearables and Internet of Things devices that use FitPay Inc.’s FitPay Payment Platform under an agreement announced Monday by the two companies. The new service will provision payment credentials using the Discover Digital Exchange, Riverwoods, Ill.-based Discover’s …
February, 2018
-
26 February
Mastercard Triples Engage Vendors and other Digital Transactions News briefs from 2/26/18
Point-of-sale equipment maker Ingenico Group said it has begun integrating Google Pay Smart Tap into its POS terminals in the United Kingdom, enabling Google Pay users to transmit their loyalty information, coupons, and offer redemptions in a single tap along with the payment. Ingenico said this is the first step …
-
26 February
Mass Card Replacements Wreak Havoc. A Startup Says It Has an Answer
For years, the change in card credentials that occurs when issuers send out replacement plastic has caused heartburn for cardholders and merchants alike. New card numbers, expiration dates, or three-digit card-verification values can help thwart fraud when cards are lost or stolen, but they also wreak havoc with unaware merchants, …
-
23 February
Apple Pay’s Great Mystery: Why Apple Doesn’t Promote Its Advantages More
As Apple Pay’s global user base climbs to an estimated 127 million individuals, a mystery about why even more consumers don’t use Apple Inc.’s mobile-payment service confounds one researcher. Loup Ventures, a Minneapolis-based venture-capital firm, on Thursday released its annual Apple Pay review. Among its findings is that the estimated …
-
23 February
Many Firms Pay a Price for Compromising Mobile Security in the Name of Efficiency
Some 27% of executives with responsibility for their organization’s mobile devices said their firm had experienced a security incident in the past year involving the loss of data or system downtime in which mobile devices played a key role, according to new findings from Verizon Communications Inc. In addition, 32% …
-
23 February
Nearly 60% of U.S. Storefronts Are Now Accepting Chip Cards, a Visa Update Shows
Some 2.7 million merchant locations, or 59% of U.S. storefronts, were accepting EMV chip cards as of December, according to the latest update from Visa Inc., issued Friday. That’s up from 392,000 locations in September 2015, just before the major card networks began enforcing a mandate for chip card acceptance. …
-
23 February
Paying a Price in Mobile Security and other Digital Transactions News briefs from 2/23/18
In the wake of the Florida school shooting, First National Bank of Omaha has said it will not renew an agreement it has with the National Rifle Association to issue a cobranded Visa card. American Express Co. said its cardholders can now use their Membership Rewards points to order items …
-
22 February
With Unified Token Management, Visa Seeks To Enable Omnichannel Commerce for Merchants of All Sizes
Visa Inc. launched Token Management Service, a service it says will make it easier for users to manage tokenized payment card data from multiple sources and across multiple channels, the card network announced Thursday. Designed to complement the Visa Token Service, the new program provides a way for merchants to use …
-
22 February
Fit Pay’s Flip Preorders Start and other Digital Transactions News briefs from 2/22/18
The number of Apple Pay users globally increased an estimated 104.8% in a year, from 62 million in 2016 to 127 million in 2017, Loup Ventures, a research-driven venture-capital firm, said. Only an estimated 16% of global iPhone users have activated Apple Pay, the firm said, which added that it is …
-
21 February
Remember Carrier Billing? It’s Poised to Triple by 2022, Research Indicates
It doesn’t get a lot of attention in these days of EMV, mobile payments, and digital currency, but carrier billing, one of the oldest forms of digital payments, is poised for growth. Total payment volume globally will triple by 2022, rising from $2.9 billion last year to $9 billion, according …