Digital Transactions Authoritative, insightful and timely information for payments professionals
• MasterCard Inc. issued its latest U.S. EMV progress report; the network says it has 2 million chip-active merchant locations and that 88% of MasterCard consumer credit cards now have chips. • Processor Elavon announced it is launching a tablet-based point-of-sale product in Canada in conjunction with talech, a POS …
Read More »While Hackers Press Their Attack on Payments, CyberSecurity Funding Tails off
By John Stewart @DTPaymentNews The payments industry may be undergoing an unprecedented attack by fraudsters, but funding of cybersecurity startups by top investors will drop somewhat this year compared to 2015, according to the latest data from CBInsights, a New York City-based firm that tracks venture-capital investment. Total cybersecurity funding …
Read More »With a Faster Square Cash, Square Ties Fee-Based P2P to the Faster Payments Trend
By John Stewart @DTPaymentNews For years, payments providers have struggled to make money on person-to-person payments, and now Square Inc. is taking a swing at the problem. Starting now, Square is offering to make instant transfers of Square Cash funds into users’ bank accounts if they pony up a 1% …
Read More »With No Audio Jack on Apple’s Latest iPhone, CardFlight Turns to Bluetooth
By John Stewart @DTPaymentNews Tech companies like Square Inc. made their reputations by rolling out simple card readers that linked to Apple Inc.’s
Read More »FinCEN Issues Email Fraud Advisory and other Digital Transactions News briefs
• Apple Inc. said it is bringing its Apple Pay mobile-payments service to Japan with its new iPhone 7 and 7 Plus smart phones, and Apple Watch Series 2. Apple Pay will work with Japan’s variant of near-field communication (NFC) contactless technology known as FeliCa. • The U.S. Treasury Department’s Financial …
Read More »Eye on Wallets: Limited Battery-Fire Impact; Masterpass Update; Wayfair Takes Apple Pay Online
By John Stewart @DTPaymentNews Mobile-payments services have plenty of issues with adoption and usage, but battery fires aren’t likely to be among them. While it’s true that a consumer can’t use a mobile wallet if he’s afraid his smart phone will ignite, payments experts say the problem that developed last …
Read More »Android Pay Coming to Mobile Chrome Browser and other Digital Transactions News briefs
• JPMorgan Chase & Co. said it is now supporting Alphabet Inc.’s Android Pay mobile-payment service. Chase, which is in the process of launching its own mobile wallet, Chase Pay, has issued more than 90 million Visa cards. • In related news, Alphabet’s Google unit said it is making Android Pay …
Read More »PayPal Boosts Its POS Prospects And Escapes Wallet Fee With New MasterCard Pact
By Jim Daly@DTPaymentNews Having made peace with Visa Inc. in July, PayPal Holdings Inc. announced a similar agreement Tuesday with MasterCard Inc. that further extends the online payments leader’s reach at the point of sale. But PayPal’s new accord has some differences from the one it reached with Visa, most …
Read More »Hutton Hotel Finds POS Malware and other Digital Transactions News briefs
• Noble House Hotels & Resorts, which earlier said it had been notified by the U.S. Secret Service about a possible card-data breach at its Ocean Key Resort & Spa, said it has found through an investigation that card data may have been compromised at 11 other hotels, restaurants, and …
Read More »After Striking VeriFone, the U.S. EMV Revenue Bug Hits Ingenico
By Jim Daly@DTPaymentNews If misery loves company, then VeriFone Systems Inc. can make room for its arch-rival, France-based Ingenico Group. Ingenico reported Tuesday that a “sudden and significant” decline in U.S. EMV-related revenues, along with weak sales in Brazil, had forced it to lower its revenue and profit forecasts for …
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