News

March, 2017

• 1 March

  Digital Transactions March 2017

  

  http://www.nxtbook.com/nxtbooks/dt/201703/
• 1 March

  How Ant Financial Is Laying the Foundation for Alipay’s Expansion

  

  Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …
• 1 March

  Banks’ Upbeat Report on Same-Day ACH

  

  In an early glimpse of how U.S. businesses are using faster payments, the governing body for the automated clearing house issued survey results last month showing that 90% of respondents at surveyed financial institutions report same-day ACH origination volume at or above what they expected. Despite that higher-than-expected volume, the …
• 1 March

  Biller Sites Are Running the Table When It Comes to Bill Pay

  

  In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report from …
• 1 March

  Spoofed IDs Help Darken the Security Picture

  

  Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the money they hold. The …
• 1 March

  More Bad News: Phishing Attacks Surged 65% to Hit a Record 1.22 Million in 2016

  

  The bad news about payments risk just keeps on coming. The Anti-Phishing Working Group Inc. reported this week that phishing attacks reached an all-time high in 2016, totaling 1,220,523. That was up fully 65% over 2015, the group says in its latest quarterly report. Another way to look at the …
• 1 March

  Square Debuts Caviar Pickup and other Digital Transactions News briefs

  • Merchant processor Sterling Payment Technologies, a unit of EVO Payments International, has partnered with RPower Point of Sale, a vendor of point-of-sale software for restaurants, to offer an EMV solution for the hospitality industry. • Merchant processor Square Inc. introduced Caviar pickup, a new feature on its Caviar restaurant food-ordering and delivery service that …
• 1 March

  Square Feasts on Food Pick-Up With Its Caviar Expansion and OrderAhead Acquisition

  

  In an effort to cement its ties with restaurants, Square Inc. announced Wednesday it is adding a pick-up feature to its Caviar meal-delivery service and has acquired the OrderAhead restaurant pick-up service. Both moves capitalize on the trend time-strapped consumers buying restaurant meals for consumption elsewhere, be it at home or …

February, 2017

• 28 February

  Interac Fraud at Record Low and other Digital Transactions News briefs

  • In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …
• 28 February

  COMMENTARY: How to Cure the ‘Hangover,’ Sell EMV, And Grow More Quickly

  

  In the February, 2017, issue of Digital Transactions, Steve Mott argues that the U.S. EMV migration was a misguided, poorly planned, and poorly executed effort. In his article, “The Great EMV Hangover,” he considers the migration to be a failure, writing, “As 2016 wound to a close, nothing short of …