Digital Transactions Authoritative, insightful and timely information for payments professionals
Performance Matters, which offers professional instruction for public-school educators, has agreed to use SchoolPay, a unit of My Payment Network, to process payments for professional development for teachers in kindergarten through 12th-grade classrooms. MoneyOnMobile Inc., a Dallas-based company with operations in India, said it processed more than 1 million domestic transfers in …
September, 2017
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1 September
Merchant PCI Compliance Improves, But the Process Is Still Vexing, Verizon Report Says
The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …
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1 September
COMMENTARY: How to Spark Successful Organizational Evolution
Change. It’s one of the most feared events in one’s life; personally and professionally. People are scared of the unknown, which makes them naturally resistant to change. This fear is one of the primary reasons why evolving, or changing, an organization is one of the most difficult leadership challenges most …
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1 September
Contactless Spending To Rise and other Digital Transactions News briefs
Total spending via contactless mobile payments in the United States will exceed $1,000 per user for the first time in 2017, reaching $1,026, according to forecasts by eMarketer. Total U.S. contactless mobile payments will hit $49.29 billion this year, up 78.1% from 2016, the firm projects. Fiserv Inc. completed its $89-million, cash acquisition …
August, 2017
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31 August
Google Aims To Leverage Its Millions of Credit Card Credentials for Mobile Commerce
Google plans soon to give merchants access to the vast trove of credit card credentials it has in its databases to speed customer checkout for mobile and online payments. The search-engine giant, however, is not putting itself in competition with payment card networks, a Google executive said this week. The …
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31 August
Wide-Scale Search Capability Emerges to Combat a Rising Risk of Merchant Fraud
With transaction laundering and false-front Web sites a growing problem for acquirers and independent sales organizations, technology vendors are beginning to respond. The latest example is Reno, Nev.-based Conformance Technologies LLC, which this week introduced more powerful tools to combat this growing fraud threat. Conformance has broadened the data elements …
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31 August
PCI Compliance Falling Short and other Digital Transactions News briefs
Payments provider NXT-ID Inc. announced its FitPay Inc. subsidiary is providing the payments technology for the vivoactive 3, a new smart watch from Garmin International Inc. Dubbed Garmin Pay, the service supports contactless payments made with Visa Inc. and Mastercard Inc. credit and debit cards from major issuing banks. Earlier this week, Fitbit Inc. introduced Fitbit Pay. In …
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30 August
Looking to Extend Its Digital Gift Card Business, Blackhawk Snaps up CashStar
Blackhawk Network Inc., a major player in merchant-branded prepaid cards, just gained an even bigger foothold in that market with its $175-million, all-cash acquisition of CashStar Inc., a 10-year-old firm specializing in digital gift cards. Announced Wednesday morning the dealbrings to Pleasanton, Calif.-based Blackhawk a platform enabling mrchants to market …
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30 August
Payments Professionals Diagnose What Ails Mobile Wallets
There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …
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30 August
Mobile Remote Capture Provider Digiliti Rejects Urban FT’s $10.5 Million Bid
Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks, has rejected Urban FT Inc.’s offer to save the company from potential bankruptcy, Urban FT announced Tuesday. Earlier in August, Digiliti said was considering “strategic options” that included a sale of the company or a Chapter …
