Digital Transactions Authoritative, insightful and timely information for payments professionals
Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …
January, 2020
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14 January
Visa Checkout’s SRC Shift Begins Jan. 21 and other Digital Transactions News briefs from 1/14/20
Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …
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14 January
Fiserv Aims for a Marketing Home Run by Putting Clover’s Name on a Stadium
Fiserv Inc. is breaking new ground, at least in the payments industry, by putting not its company name but the brand of one of its leading products on a stadium. The processor announced Monday that First Data Field, a 7,000-seat stadium in Port St. Lucie, Fla., where the New York …
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13 January
Many ATM Operators Will Blow Tomorrow’s Upgrade Deadline, But Will That Matter Much?
ATM operators on Monday are literally on the eve of a critical upgrade deadline that many have not met, but some industry sources at least say the situation is far from disastrous. Microsoft Corp. on Tuesday will stop supporting its Windows 7 operating system, which runs most bank-owned ATMs in …
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13 January
Consumers Are Satisfied Making Contactless Payments, But Security Concerns Linger
Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …
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13 January
Mets To Play at Clover Park and other Digital Transactions News briefs from 1/13/20
In what could be the first time a stadium has been named after a payment platform, First Data Field, the St. Lucie, Fla. spring-training home of the New York Mets and the regular-season home of the St. Lucie Mets, the New York Mets’ Advanced-A minor-league affiliate, will have a new …
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10 January
Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show
Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month …
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10 January
Samsung SDS And Syniverse Partner on a Common Mobile-Payments Platform for ‘Anyone With a Phone’
A major enterprise software company and a mobile-technology provider late on Thursday announced an agreement to develop a service they say will provide a universal connection to mobile wallets and “simplify mobile payments for anyone with a phone.” The proposed service will combine application programming interface technology from software vendor …
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10 January
Western Union Notes Money Transfer Milestone in China and other Digital Transactions News briefs from 1/10/20
The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.Ternio LLC said it has cut the minimum balance on its …
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9 January
Some Fraudsters Are Emphasizing Quality in Their Attacks, Security Firm Says
So-called sophisticated attacks monitored by Mastercard Inc. subsidiary NuData Security jumped 430% in late 2019, with fraudsters deploying more human-aided online attacks rather than fully automated ones in order to fool the defenders. Those findings come from NuData’s “2019: Fraud Risk at a Glance” report released Thursday. NuData is a …