Digital Transactions Authoritative, insightful and timely information for payments professionals
Enthusiasts of Bitcoin and other cryptocurrencies are trying to position the digital currencies as legitimate means of exchange, but crypto’s tendency to be stolen and then laundered by thieves is not only well-known, it’s growing worse. The total estimated value of cryptocurrency pilfered from exchanges worldwide came to almost $800 …
July, 2018
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5 July
Century Business Solutions Debuts Agent Program and other Digital Transactions News briefs from 7/5/18
In a finding that resolves differing decisions by lower courts, the United Kingdom Court of Appeal ruled in favor of retailers challenging interchange fees set by Visa Inc. and Mastercard Inc. as anti-competitive, Bloomberg reported. The case, however, now goes to a tribunal that reviews business-competition disputes. Payments provider Century Business …
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3 July
Strong Profit Predictions Propel Payment-Processor Stocks in 2018’s First Half
Shares of publicly traded electronic transaction processors handily beat the leading stock-market indexes in June, the second quarter, and 2018’s first half, according to an analysis from Barrington Research. In the first half, 28 payments-industry stocks posted a mean return of 15.62%, handily beating the Nasdaq Composite Index’s return of …
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3 July
Many Merchants Still Lag in Meeting a Critical PCI Data-Protection Requirement
Now that the PCI Security Standards Council’s July 1 deadline has passed for implementing newer versions of Transport Layer Security technology to protect payment data, some experts believe nearly a third of small brick-and-mortar and e-commerce merchants don’t meet the new requirements. As a result, expect merchant acquirers, processors, and …
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3 July
COMMENTARY: Consumers Want Less Friction AND More Security. Can You Do That?
The new era of data breaches and privacy failures has had far-reaching effects. Personal information is packaged, sold, and distributed on the dark Web, leaving consumers feeling uneasy. Americans want to be protected, but also want convenience, and are holding businesses to high standards, even higher than what they hold …
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3 July
PayPal Completes Synchrony Deal and other Digital Transactions News briefs from 7/3/18
Token, a provider of contactless payment terminals tailored for events, launched its Mini-Serve EFTPOS system, which allows attendees at events or venues to top up their wristbands or badges with payment cards or mobile wallets. In an expansion of a relationship that dates back to 2004, PayPal Holdings Inc. has …
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2 July
Ethiopian Airlines Adopts a Platform From Carrier-Payment Specialist Cellpoint Mobile
Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …
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2 July
Despite Growth in Mobile and Online Payments, Longstanding Payment Patterns Persist
The latest findings from a long-running survey of consumers’ payment choices show that new technology is driving a growing number of transactions, but overall usage patterns for credit cards, debit cards, and cash remain stable. The simultaneously released 2016 and 2017 Surveys of Consumer Payment Choice from the Federal Reserve …
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2 July
Mobile POS Devices To Reach 27 million by 2021 and other Digital Transactions News briefs from 7/2/18
Mobile-commerce technology provider Shopgate Inc. said it has joined the Shopfiy Plus Technology Partner Program, which will allow Shopify Plus merchants to access Shopgate’s mobile-app platform. The installed base of mobile point-of-sale devices in the United States will grow to 27.7 million by 2021, compared to 3.2 million in 2014, …
June, 2018
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29 June
COMMENTARY: Consumers Deserve Better Retail Protections
The cybersecurity firm Gemini Advisory recently announced a large-scale data breach at Saks Fifth Avenue and its sister company Lord & Taylor, compromising 5 million credit cards. While the forensic investigation is still under way, it appears that the breach was likely caused by malware on the parent company’s point-of-sale …