News

September, 2018

• 11 September

  GAO Calculates Equifax Breach Impact and other Digital Transactions News briefs from 9/11/18

  

  Georgia State University announced that the new Georgia FinTech Academy, a talent-development initiative involving Georgia’s 26 public institutions of higher learning, will have physical locations at Georgia State and in Atlanta’s Buckhead neighborhood. The FinTech Academy is supported by the Atlanta-based American Transaction Processors Coalition. One year after credit-reporting agency Equifax Inc. disclosed its …
• 10 September

  Eye on Data Breaches: British Airways Reports Hack; Survey Finds 21% of Equifax Victims Noticed ‘Unusual’ Financial Activity

  

  Some 380,000 payment cards used by British Airways customers have been compromised in a data breach, and more than one in five consumers surveyed about last year’s massive breach at credit-reporting agency Equifax Inc. reported “unusual activity” in its wake, including new account openings. British Airways, one of Europe’s largest …
• 10 September

  Gateway Operators Slice Transaction Time in Half As Uptime Average Nears 100%

  

  U.S. gateway providers have cut the average transaction time in half to 1.6 seconds from 3.2 seconds only a year ago, according to data compiled by Omaha, Neb.-based researcher The Strawhecker Group. Derived from the firm’s Gateway Enterprise Metrics platform that debuted in 2017, the results show that the 12 …
• 10 September

  PayRange Debuts PayRange Air and other Digital Transactions News briefs from 9/10/18

  

  Merchant processor Paysafe launched Paysafe Accelerated Funding, which allows merchants to receive settlement of funds on the same day or next day. The service relies on arrangements the company has made with Ingo Money, a push-payments provider, and Company.com, a business-software aggregator. Vending-payments specialist PayRange Inc. launched PayRange Air, a …
• 7 September

  Data Breaches Register on the Stock Market, Too, And Payments Firms Are Hardest Hit

  

  Data breaches bring a slew of bad consequences for the victim, not the least of which are the costs of lost business, remediation, and, possibly, litigation. But for publicly held entities, there’s an additional risk: a lasting hit to the share price. For 24 companies whose shares are traded on …
• 7 September

  PayPal Still Reigns in Digital Wallets While Apple Pay Gains and Samsung Pay and Google Pay Diverge

  

  PayPal remains by far the most popular digital wallet with U.S. consumers, but Apple Pay has gained the most since 2017’s third quarter, according to recent findings from technology research firm 451 Research. New York City-based 451’s Voice of the Connected Consumer survey asks consumers about their usage of 15 …
• 7 September

  Xoom Makes Oxxo Pact and other Digital Transactions News briefs from 9/7/18

  

  Xoom, PayPal Holdings Inc.’s international money-transfer service, said it has a pact with processor TransNetwork Corp. through which it will add 17,000 more cash pick-up locations in Mexico at Oxxo, the country’s largest convenience-store chain. Xoom said it is the first online-only remittance provider to partner with Oxxo. In related …
• 6 September

  Bitcoin Has Calmed Down—And Fees Have Gotten Cheaper—But Will Merchants Bite?

  

  For all the gyrations Bitcoin and its enthusiasts have experienced over the past 12 months, the digital currency has managed to trace a relatively calm track lately. It remains, however, an acquired taste for users, and while some independent sales organizations have begun efforts in recent weeks to sell it …
• 6 September

  Transaction-Processor Stocks Beat the Market Once Again

  

  Boosted by profits that mostly exceeded analysts’ expectations, payments companies in August once again beat the major stock indexes even though the markets themselves performed well, according to a new report from Barrington Research Associates Inc. Chicago-based Barrington said Wednesday that 27 publicly traded electronic-transaction processors it tracks posted a …
• 6 September

  Ingenico In Toshiba POS Deal and other Digital Transactions News briefs from 9/6/18

  

  TableSafe Inc., a provider of tabletop point-of-sale devices, has certified its RAIL platform for EMV chip cards with processor First Data Corp. Ingenico Group announced Toshiba Global Commerce Solutions is offering Ingenico’s payments-acceptance technology and services from its Telium Tetra platform to Toshiba’s  existing and prospective customers. Merchants also can use …