News

June, 2016

• 1 June

  COMMENTARY: What Businesses Should Know About Unattended-Payment Solutions

  The use of credit cards in the United States is rising, and new payment options like Apple Pay and Android Pay are gaining popularity. You can bet consumers paying at parking meters, vending machines, or pharmacy-pickup windows will start to expect the convenience of these multiple payment options. 1. EMV …
• 1 June

  Benefits and Risks of Remote Deposit Capture and other Digital Transactions News briefs

  • PayPal Holdings Inc. plans to cease operations in Turkey in the next week because financial regulators there rejected its license applications, apparently because it does not keep its IT systems in Turkey, Fortune reported. • Some 88% of 400 respondents to a RemoteDepositCapture.com poll about risk said the benefits …

May, 2016

• 31 May

  Diebold’s Wincor Nixdorf Deal Moves Ahead and other Digital Transactions News briefs

  • Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …
• 31 May

  Beanstream’s U.S. Venture Targets ISVs As It Taps Parent Bambora’s Processing Reach

  Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …
• 27 May

  The PCI Council Updates its Payment-Processing Software Rules

  The PCI Security Standards Council on Friday released version 3.2 of its Payment Application Data Security Standard, which sets rules for payment-processing software. The new PA-DSS aligns with the recently updated main security standard, the Payment Card Industry Data Security Standard version 3.2. Today’s update was expected, as the Wakefield, …
• 27 May

  MasterCard Reports Growth in EMV Merchants, With a Decline in Counterfeit Fraud

  Despite hiccups and hitches along the way, the conversion of the massive and highly fragmented U.S. payment card industry from magnetic-stripe credit and debit cards to ones bearing an EMV chip appears to be moving apace. The latest data from MasterCard Inc. finds the number of merchants accepting chip cards …
• 27 May

  Fraud and Chargeback Reduction Are Top of Mind for E-Commerce Payments Execs

  Minimizing fraud is by far the top payment concern of e-commerce merchants, according to findings from the Merchant Risk Council’s newly released global payments survey. Some 46% of all merchants surveyed about payments and e-commerce issues affecting them in 2015—51% of MRC members and 35% of non-members—ranked managing e-commerce fraud …
• 27 May

  Samsung Pay mini May Be in Development and other Digital Transactions News briefs

  • Samsung Electronics Co. Ltd. is planning to launch an app in South Korea that will streamline online payments for users of Samsung Pay, Reuters reported, citing a report in the Electronic Times. The app, dubbed Samsung Pay mini, will also be compatible with all Android and Apple Inc. devices, …
• 26 May

  Manual Reviews And False Positives, Costly Scourges of Online Commerce, Are on the Rise

  U.S. e-commerce merchants are struggling with more fraud, but they’re also contending with two related problems that are on the rise and costing them plenty of time and money—manual reviews and false rejections, also known as false positives. That’s according to two studies, one released on Wednesday and the other …
• 26 May

  Expenses From the Home Depot and Target Data Breaches Surpass $500 Million

  This week’s revelation by The Home Depot Inc. that it has incurred $263 million in expenses from its 2014 data breach means that the home-improvement retailer’s breach costs, together with those of another big-box retailer, Target Corp., now total $554 million. In a quarterly regulatory filing Tuesday, Atlanta-based Home Depot …