Digital Transactions Authoritative, insightful and timely information for payments professionals
• Payments-technology vendor Cardtek announced its Digital Enablement Platform for wearables payments. The platform relies on wearables chips from NXP Semiconductors and is aimed at integrating payment cards, transit tickets, and other services in wearable devices. Cardtek cites research from CCS Insight indicating there will be 411 million wearable devices …
November, 2016
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9 November
Slowing EMV Sales Once Again Take a Bite Out of CPI Card Group’s Financials
By Jim Daly@DTPaymentNews Payment card manufacturer CPI Card Group Inc. rode the EMV chip card wave over much of the past two years, but slowing sales in the third quarter took a big bite out of its revenues and profits. “Our third-quarter results were below expectations, primarily due to continued …
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8 November
Four Months After the ‘Halving,’ Bitcoin Returns to $700-Plus Price Territory
By John Stewart@DTPaymentNews Bitcoin is on a tear again. The cryptocurrency has breached the $700 price barrier seven times out of the last nine days, according to data from Blockchain.info, and bids fair to remain above that level Tuesday. It was trading at $709 early in the day, according to …
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8 November
For All the Talk About M-Payments at the POS, Mobile P2P Payments Are Growing Faster
By Kevin Woodward @DTPaymentNews More U.S consumers are using mobile peer-to-peer payments than are using a smart phone to make a point-of-sale purchase, research firm eMarketer Inc. says in a research note. While only 19.4% of consumers made a mobile payment in a store in the preceding six months, 24.9% …
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8 November
27% of Tickets Made with Mobile Devices and other Digital Transactions News briefs
• Payment security technology provider MagTek Inc. and Payment Alliance International (PAI), an ATM independent sales organization and processor, said PAI now supports MagTek’s QwickCodes system for cardless transactions and will deploy it across its nationwide network of more than 74,000 ATMs. • Entertainment operator Live Nation Entertainment Inc. said mobile-ticket …
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7 November
With One Day To Go, DTN Readers Favor Trump Over Clinton, But Not Enthusiastically
By John Stewart @DTPaymentNews The U.S. election is just 24 hours away, but if it were up to the readers of Digital Transactions News, Donald Trump would be the next President of the United States. He’d be bound for the Oval Office, however, with a very weak mandate. Republican candidate …
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7 November
Transcending Transactions: Infinite Peripherals, Inc. (IPC) Delivers Speed and Efficiency to the Box Office.
The traditional box office needed a serious refresh when it came to funneling large crowds through the gates quickly and efficiently. The same outdated model was problematic for all venues including music festivals, concert halls, museums and sporting events. Since many venues employ volunteers or part-time workers, the challenge …
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7 November
First Data Reports an Easing in Its Small-Merchant Attrition Rate
By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …
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7 November
QR Codes Favored for Coupons and other Digital Transactions News briefs
• In yet another event related to payment card data security at hotels, Sentinel Hotel announced it is investigating an incident involving cards used at its front desks after receiving reports from some of its guests of unauthorized charges. • While 22% of consumers overall prefer to receive coupons through …
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4 November
Card Controls Evolving as More Precise Controls Emerge
By Kevin Woodward@DTPaymentNews Card controls, a way to empower consumers to control when and where their credit and debit cards are used, are evolving. Viewed as one way to contend with the rampant data breaches fueling payment fraud, card controls are moving beyond the simple on-off switching capability of the …