Digital Transactions Authoritative, insightful and timely information for payments professionals
Paying for fuel at an Exxon Mobil Corp. gas station just got even easier. That is, for those who use the ExxonMobil Speedpass+ mobile app and drive a Ford vehicle with SYNC3 technology or use Apple Inc.’s Apple Watch. Speedpass+, which also is available for Android devices and offers Samsung …
May, 2017
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4 May
Sage Payments Solutions for Sale and other Digital Transactions News briefs
• Two executives of Commerce Payment Systems, which had been a Hewlett, N.Y.-based independent sales organization, have been charged in a $30 million scheme that overbilled more than 10,000 merchants, announced the U.S. Attorney for the Southern District of New York this week following the unsealing of an indictment. The charges …
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3 May
An Epidemic of Card Testing Floods Merchants With Chargebacks And False Positives
Criminals purchasing stolen credit card data know they have a short window of opportunity to cash in before the accounts are shut down. Manually sifting through the hundreds, even thousands, of accounts bought in bulk can take more time than criminals have, which is why they are increasingly relying on …
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3 May
Fleetcor To Expand Its B2B Payment Footprint With Pending Cambridge Acquisition
Fleetcor Technologies Inc., a big provider of fleet-fueling, payroll payments, and gift card services, said it has a definitive agreement to acquire Cambridge Global Payments, a Toronto-based processor of cross-border business-to-business payments that handles $20 billion annually in vendor and employee payments for 13,000 companies. The purchase price is C$900 …
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3 May
Western Union Reports Revenue Bump and other Digital Transactions News briefs
• Apple Inc., in its results for the second quarter ending April 1, said Apple Pay is available now in 15 markets, having launched in Taiwan and Ireland in March. Globally, that includes 20 million contactless-ready locations, of which 4.5 million are in the United States, said chief executive Tim Cook during …
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3 May
The Demanding Consumer: Payments Expectations Rising Fast, Adyen Survey Shows
In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …
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3 May
The Numbers Brighten in the First Quarter for Merchant Processor Square
The numbers moved in the right direction for Square Inc. in the first quarter, with gross payment volume up 33% and profitability measures improving. But an analyst urged the merchant acquirer to disclose more data about its fast-growing but potentially volatile loan business called Square Capital. San Francisco-based Square reported Wednesday …
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2 May
Savvier Techniques Help Criminals Loot More Victims Through Call-Center Fraud
Call centers remain a prime target for criminals looking to perpetrate fraud. In 2016, call-center fraud jumped 113% from 2015, according to Atlanta-based Pindrop Labs’ annual Call Center Fraud Report. Fraudulent activity took place with one in every 937 call-center calls, compared to one in 2,000 calls in 2015“With tools …
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2 May
Mastercard’s Transactions Grow 17%, Partly Because of More U.S. PIN-Debit Volume
Mastercard Inc. reported Tuesday that it switched nearly 17% more transactions in the first quarter than it did a year earlier. Most of the growth came from overseas, but some of it resulted from more U.S. PIN-debit volume, company executives said. Purchase, N.Y.-based Mastercard said it switched 14.7 billion transactions …
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2 May
First Data and Flywire Team Up and other Digital Transactions News briefs
• Processing giant First Data Corp. and cross-border payments specialist Flywire Corp. announced a collaboration by which Flywire education and health-care clients will be able to more easily accept cross-border card payments and First Data clients will be able to more readily accept high-value international remittances. • Gro Solutions, a vendor of digital solutions …
