Digital Transactions Authoritative, insightful and timely information for payments professionals
Data breaches have grown so frequent that at least some observers have begun to question whether cybersecurity staffs within corporate and government entities are up to the challenge of stopping them. “You just have to look at the continued ubiquity of breaches in the headlines to know that we’re losing …
November, 2017
-
6 November
Affirm Launches Travel Payments Program and other Digital Transactions News briefs from 11/6/17
Consumers who want to use cash online can now load an Amazon Cash account at U.S. 7-Eleven Inc. stores by presenting cash and a personalized Amazon barcode to the cashier. Users can load between $15 and $500 in a single transaction, with no fees, 7-Eleven says. The company has nearly …
-
3 November
Wal-Mart And Visa Settle Lawsuits Over Debit Routing and Credit Card Interchange
Wal-Mart Stores Inc. confirmed Friday that it will settle its lawsuit against Visa Inc. over EMV debit card transaction routing. That news comes one day after the two leaders in their respective industries settled lawsuits they filed against each other stemming from the massive and still-ongoing credit card interchange litigation …
-
3 November
COMMENTARY: How To Avoid a Hidden Retail Security Threat
In 2015, 70% of breaches reported by global retailers were directed at POS devices. With the quantity of exploits only increasing, retail CIOs cannot rely on industry minimum guidelines to set out their security strategy. While the Payment Card Industry data-security standard (PCI DSS) provides a strong baseline of security …
-
3 November
Cardtronics Shows Resiliency Despite ‘an Incredible Streak of Bad Luck’
A strong third-quarter earnings report helped lift shares of ATM network owner and operator Cardtronics plc by 4% Friday morning after they plunged 17% Thursday on news that Link, the ATM network in the United Kingdom—a key market for Cardtronics—floated a proposal to reduce interchange by 20%. Cardtronics, which has …
-
3 November
Canada’s Interac Eases P2P Payments And Teams With Samsung Pay for Mobile Debit
Interac, Canada’s debit network, has made it easier to digitally send money direct to another bank account through its e-Transfer service by eliminating the need for recipients to answer a security question each time a transfer is made. Answering a security question validates the recipient to whom the money is …
-
3 November
Apple Pay Users Double in a Year and other Digital Transactions News briefs from 11/3/17
Apple Pay users have more than doubled over the past 12 months, Apple Inc. reported, without citing a specific number. Yearly transactions have increased 330%, and more than 5 million U.S. merchant locations will be accepting the mobile-payment service by the end of the year, the company said during an …
-
2 November
Overwhelming Numbers of Consumers, Businesses Want IoT Security Regulations
Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …
-
2 November
Bitcoin’s Runup Runs on As the Digital Currency Crashes Through the $7,000 Level
The U.S. payments community woke up Thursday morning to find Bitcoin setting yet another record, this time breaching the $7,000 level less than two weeks after soaring past $6,000. By mid-morning Central Time, the price stood at $7,132, according to Coindesk. The cryptocurrency is testing new highs in the wake …
-
2 November
Bluefin Notes Processor Deal and other Digital Transactions News briefs from 11/2/17
Encryption specialist Bluefin Payment Systems said it will provide encryption services to clients of payments provider Accepta LLC. A report from processor Fidelity National Information Services Inc. (FIS) found 25 real-time payments systems in operation globally, up from 19 last year and more than twice the number in 2013. Another …
