Digital Transactions Authoritative, insightful and timely information for payments professionals
First Data Corp. is hoping that its scale—it says it processes more than 2,800 transactions per second coming from more than 6 million merchants—will give its new Fraud Detect service an edge in thwarting fraudulent transactions. Announced Thursday, Fraud Detect uses artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, …
June, 2017
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1 June
iPayment Launches Gateway and other Digital Transactions News briefs
• Marking an end to American Express Co.’s cobranded card losing streak, hotel chain Hilton Worldwide Holdings Inc. named AmEx as its exclusive credit card issuer effective Jan. 1, according to Bloomberg. AmEx and Citigroup Inc., which took over issuance of the Costco Wholesale Corp. cobranded card from AmEx a year …
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1 June
As Sellers Adopt EMV And Apple Pay, Square Pushes Its EMV/Contactless Reader
With chip cards and contactless mobile transactions gradually working their way into more merchant checkouts, Square Inc. is pairing a couple of tried-and-true offers to push an 18-month-old card reader that handles both EMV and Apple Pay. In the latest wave of a promotional campaign that was announced in January, Square earlier …
May, 2017
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31 May
Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market
Financial institutions and third-party providers of digital person-to-person payments may have the same goal—ubiquity of service and adoption—but they’ll have to take different paths to get there, according to “Digital Person-to-Person Payments in the U.S.: The Competitive Landscape,” a report released last week by the Aite Group LLC. The P2P …
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31 May
Global Payments Supplies Online Car Purchase Tech and other Digital Transactions News briefs
• POS Portal Inc., a point-of-sale equipment distributor, said it is now supplying payment equipment via Retail Realm, a POS software distributor. • Merchant processor Global Payments Inc. said it is providing payment technology for Hyundai Motor UK’s “Click To Buy” platform, which lets consumers buy a car online from any participating …
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31 May
Android Pay Debuts for Canadian Debit and Credit Card Payments
The Android Pay mobile-payments service from Alphabet Inc.’s Google unit is now live or about to go live in Canada, payments companies and media outlets reported Wednesday. Canada’s Interac Association national debit network said that its Interac Debit service will be available for Android Pay mobile payments beginning June 5 …
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30 May
COMMENTARY: For Health-Care Providers, the Check Is Still in the Mail
While the benefits of electronic transactions for health-care payments—reduced operating costs, efficient processing, enhanced reliability, and strengthened security—are widely acknowledged, the health-care industry has faced many challenges keeping pace with standard electronic-payment adoption rates. And the problem will only get worse unless payment-solution providers expand their offerings to support the …
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30 May
First Data Increases Its ISV Footprint With Its $750 Million Acquisition of CardConnect
Just six months after declaring that it intended to become a player in the independent software vendor (ISV) payments space, processor First Data Corp. late Monday said it has a deal to buy a prominent ISV, CardConnect Corp., for $750 million. “CardConnect has been investing in technology, dedicated sales, and specialized …
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30 May
Breach Confirmed at Most Chipotle Locations and other Digital Transactions News briefs
• PayRange Inc., which specializes in mobile payments for vending machines, has extended its service to coin-operated laundry machines. The service is available for Speed Queen and Maytag machines, with other makes to come, the company said. • Quick-serve restaurant chain Chipotle Mexican Grill Inc. updated consumers about a breach of its point-of-sale system …
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26 May
‘Passive’ Biometrics Set To Take an Active Role in Payment Fraud Control
With little fanfare, so-called behavioral biometrics began appearing on the radar screens of payment card security executives about two years ago. Now, however, experts predict behavioral biometrics will assume a more prominent role in protecting payment transactions as e-commerce and mobile commerce continue gaining share of retail sales and the …
