Digital Transactions Authoritative, insightful and timely information for payments professionals
After years of soliciting input from more than 200 organizations in the payments industry, the PCI Security Standards Council Thursday published version 4.0 of the PCI Data Security Standard (PCI DSS). The new standard, which provides a baseline of technical and operational requirements designed to protect account data, replaces version …
April, 2022
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4 April
Crypto, Gift Cards, And Even BNPL Come to Unattended Payments Via PayRange
Transactions on gift cards and cryptocurrency—and even buy now, pay later capability—are coming to commercial washers, dryers, and vending machines with an announcement Monday by PayRange Inc. that it will support the new payment methods. The Portland, Ore.-based company, which says it processes for more than half a million commercial …
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4 April
Paysafe Bets on Ontario and other Digital Transactions News briefs from 4/4/22
Paysafe Ltd. announced it is processing payments for several iGaming operators in the Canadian province of Ontario, including PointsBet and theScoreBet.Diebold Nixdorf said Langley Federal Credit Union selected the company to operate and manage its self-service banking channel. The credit union said it has more than 320,000 membersBuy now, pay later specialist Klarna …
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1 April
Open Banking Gains More Ground As MX Eases Money Movement for Qolo’s Platform
The drive towards open banking gained additional momentum Friday with the announcement Friday of a partnership between Qolo, an omnichannel platform provider to fintechs, and open-banking platform provider MX Technologies Inc. The partnership, which formalizes an existing working relationship between the two companies that has produced more than 30 joint …
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1 April
U.S. Merchant Acquiring Volume Surpasses $9 Trillion Even As E-Commerce Slows
The 25 biggest U.S. merchant acquirers control about 90% of payment dollar volume, even as e-commerce may be losing some of its recent momentum, according to the latest ranking of U.S. merchant acquirers by The Strawhecker Group, released this week. Overall, U.S. acquirers processed more than $9 trillion in payment …
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1 April
Most—79%—of Cybersecurity Pros Claim Ransomware Attacks in Past Year and other Digital Transactions News briefs from 4/1/22
Some 79% of cybersecurity professionals globally said their organizations had been hit by ransomware within the last 12 months, according to a survey of 620 respondents conducted by Enterprise Strategy Group and commissioned by OwnBackup, a data protection platform.Payments provider Repay Holdings Corp. announced an integration with Flex, a provider of core system …
March, 2022
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31 March
With Its In-House Move, Apple Once Again Could Shake Up Payments
Almost eight years after it launched the Apple Pay mobile-payment service, Apple Inc.’s purported move to bring some of its payment-processing and financial-services operations in-house once again could shake up the payments industry. Just how, though, is a big unknown at the moment. Cupertino, Calif.-based Apple is not commenting on …
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31 March
Commentary: The Top Three Ways To Protect Your Business From Chargeback Fraud
Retailers worldwide lose billions every year due to chargebacks, and a significant and growing portion of them are a result of chargeback fraud. However, it doesn’t have to be that way if businesses are proactive about implementing the right prevention strategies. Chargeback fraud can be defined as when an individual …
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31 March
PCI DSS 4.0 Released and other Digital Transactions News briefs from 3/31/22
The PCI Security Standards Council published version 4 of the PCI Data Security Standard. Features of the new standard include, among other changes, updated firewall terminology and a requirement to implement multi-factor authentication for access to the cardholder data environment.Processor Adyen said it is expanding beyond payments to offer embedded financial products, including Adyen …
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30 March
First It Signed up With MX. Now Fiserv Expands Its Open Banking Platform With Finicity
For the second time in a week, Fiserv Inc. has taken a plunge into open-banking technology, announcing on Wednesday a partnership with Finicity, a Mastercard Inc.-owned open-banking platform provider. The deal comes hard on the heels of the partnership Fiserv announced last week with MX Technologies Inc. The latest deal …