News

May, 2020

• 5 May

  AmEx Extends Fuel-Pump EMV Liability Shift Date and other Digital Transactions News briefs from 5/5/20

  

  American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 …
• 5 May

  COMMENTARY: Global Consumers Embrace Their Local Payment Methods—And So Should You

  

  When it comes to making a purchase, who doesn’t use a credit or debit card? Most of the world, that’s who. While paying with a credit card is standard in the United States and much of the Western world, that’s definitely not the global norm. It’s estimated that less than …
• 4 May

  Shopify Releases Refreshed POS System With Mobile Checkout And Omnichannel Management

  

  Commerce platform Shopify Inc. has released a refreshed point-of-sale appliance and suite of features. Announced Monday, the revised Shopify POS system is a tablet set on a stand with additional software capabilities. Among the new features is mobile checkout that enables payment acceptance in store or at curbside, an especially …
• 4 May

  CSI Revenue up 8% and other Digital Transactions News briefs from 5/4/20

  

  Payments processor Computer Services Inc. reported record revenue of $284.2 million for fiscal 2020 ended Feb. 29, up 8% year-over-year. Revenue for the fiscal fourth quarter came to $72.7, also a record, up 14.1% year-over-year. For the coming months, the company said it expects Covid-19 will depress sales of new products and …
• 1 May

  Visa Will Postpone Its Fuel-Pump EMV Liability Shift for Six Months, C-Store Group Says

  

  Visa Inc. has informed petroleum retailers that it will delay its planned EMV fuel-pump liability shift set for October until April 17, 2021, the convenience-store trade group NACS disclosed Friday. “The network’s delay was in response to letters NACS sent on behalf of its retail members to the four global …
• 1 May

  Star, Accel Raise PINless Limits and other Digital Transactions News briefs from 5/1/20

  

  Processor Fiserv Inc. announced it is temporarily increasing the limit for PINless transaction approval on its Star and Accel debit networks from $50 to $100 effective Friday. Issuers are required to support the new cap, while it is optional for merchant acquirers and merchants.MoneyGram International Inc. reported digital transactions, which accounted for 18% of all …

April, 2020

• 30 April

  With Travel Spending Nearly Grounded, Visa Looks to Online And Contactless Payments as Bright Spots

  

  Visa Inc. divulged both grim and hopeful payment data Thursday that largely reflects what its rivals have been seeing after the early weeks of the Covid-19 pandemic. “After strong growth in January and February, payments volumes dropped precipitously in the second half of March as lockdowns went into effect across …
• 30 April

  App Store And Other Services Buoy Apple As Overall Product Revenue Slips

  

  The three months ended March 31 were an eventful time for Apple Inc., as they were for most companies, but unlike many the company managed to largely contain the damage wrought by the Covid-19 pandemic. “We’ve seen our products take on renewed interest” in the wake of Covid-19 and the …
• 30 April

  More Than Half of U.S. Consumers Now Use Some Form of Contactless Payments, Mastercard Says

  

  Contactless payments may finally be gaining further adoption by U.S. consumers. Spurred by prevention efforts in reaction to the Covid-19 pandemic, many consumers—51%—use some form of contactless payment, Mastercard Inc. says. In what may be the most detailed data yet publicly released about U.S. consumers and contactless payments, Mastercard’s survey …
• 30 April

  Sour Ratings for Some Payments Companies and other Digital Transactions News briefs from 4/30/20

  

  Citing the risk to their businesses from the coronavirus pandemic, securities rating agency Fitch Ratings revised its outlook to negative for seven publicly traded consumer-finance companies, including American Express Co., Discover Financial Services, and Synchrony Financial.Main Event Entertainment Inc. issued a notification indicating malware collected data from cards used on point-of-sale devices for food-and-beverage and entertainment …