Digital Transactions Authoritative, insightful and timely information for payments professionals
There’s nothing new about identifying e-commerce customers through the device they use, but now the proliferation of mobile devices has data scientists hatching new ways to thwart fraudsters. One way authenticates users through not-so-obvious links between the many devices they may rely on day-to-day. The other takes a close look …
March, 2016
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8 March
ExxonMobil’s Speedpass+ App Enables Apple Pay Transactions at the Pump
Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …
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7 March
ACH Transaction Growth Cooled Slightly but Still Remained Strong in 2015’s Fourth Quarter
The automated clearing house network’s strong growth run continued in 2015’s fourth quarter, exceeding 5% for the fourth quarter in a row. ACH governing body NACHA recently reported that total network volume hit 4.98 billion transactions, up 5.5% from 4.72 billion in 2014’s fourth quarter. While strong, the growth rate …
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7 March
Kroger Faces EMV Chargebacks and Other Digital Transactions News briefs
• On Track Innovations Ltd. launched its “My Chip Buddy” marketing effort to support the company’s newly introduced PayEnable platform, which allows manufacturers and designers to build payments capability into their products using near-field communication (NFC) technology. • Grocer The Kroger Co. says chargebacks related to its EMV rollout contributed …
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7 March
Chargebacks May Spur Small-Business Holdouts To Get EMV Terminals
Nothing like an unexpected chargeback to turn a recalcitrant merchant into an EMV believer. According to new survey results from Javelin Strategy and Research, only 8% of small and so-called micro businesses queried in February who didn’t accept EMV chip cards cited as a reason the lack of a …
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4 March
Update on Powa Breakup And Other Digital Transactions News Briefs
• Four directors of cash-strapped Powa Technologies Ltd., including the startup’s founder and chief executive, Dan Wagner, were ousted from the board as long ago as Feb. 19, according to a report on BusinessInsider.com. The news follows the development on Thursday in which accounting firm Deloitte, appointed as administrator of …
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4 March
EMV Chargebacks Proving To Be a Card-Present Merchant Problem
Hiccups in the U.S. payment card industry’s monumental shift to EMV chip card technology are beginning to surface, and one problematic area is chargebacks among card-present merchants. That’s the observation from one large merchant-services provider, and it’s corroborated by a recent report from First Annapolis Consulting Inc. containing similar …
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3 March
In Its First Action on Data Security, the CFPB Hits Dwolla With a $100,000 Penalty
With its enforcement action against Dwolla Inc., announced on Wednesday, the Consumer Financial Protection Bureau made plain it is expanding its writ to include data-security practices and putting digital-payments startups in its cross-hairs. The ripple effect could reach a number of payments providers if they are incautious about data …
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3 March
By 2020, 45% of Wearables Owners Will Use Them for Payments, Mostly Open-Loop
Payment with a wearable device, such as a smart watch, wristband, or fitness monitor, has the potential to be used by 45% of wearables-owning consumers by 2020, finds the IHS “Wearable Payment Devices Report—2016” issued Wednesday. In four years, the global market for wearables will reach 340 million devices shipped, …
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3 March
New Research Shows Low Usage Rates but High Satisfaction for Major Wallets
While the mobile wallets launched by corporate giants Apple Inc., Alphabet Inc.’s Google unit, and Samsung Electronics Co. Ltd. have sparked a good deal of publicity, not much is known about actual adoption and usage so far, since the companies have been characteristically tightlipped. But that doesn’t mean researchers who …