Digital Transactions Authoritative, insightful and timely information for payments professionals
Processor First Data Corp. and Fleetcor Technologies Inc. are forming a joint venture to consolidate their gift card businesses, First Data announced Monday. The joint venture, whose name was not released, combines First Data’s gift card business, digital gift-card provider Transaction Wireless Inc., and its Gyft unit, with Fleetcor’s Stored …
March, 2017
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6 March
Harbortouch In Integration Deal and other Digital Transactions News briefs
• Merchant processor Harbortouch Payments LLC said it will integrate cloud-based purchasing and inventory-control software from Sarbari into its point-of-sale offering for the restaurant industry. • Processor and payments-tech developer Dwolla Inc. said it has brought its application programming interface for same-day automated clearing house transactions out of pilot. With this move, …
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3 March
With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost
Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …
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3 March
Eye on ATMs & Kiosks: Making the Card-Before-Cash Switch; Kiosks at McDonald’s
As the U.S. payments industry continues its massive migration to EMV, issues here and there, such as payment cards being left behind in ATMs, pop up. About six months after INTRUST Bank completed its ATM EMV conversion a year ago, the problem of unrecovered cards started, says Joe Morin, ATM …
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3 March
Petitioners Besiege Shopify and other Digital Transactions News briefs
• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …
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2 March
A Ripening EMV Migration Catches up to Cardmaker CPI Card Group
Payment card maker CPI Card Group Inc. says it will focus on small and mid-size issuers migrating from magnetic stripe cards to cards bearing an EMV chip in 2017 as it contends with a saturating market for the advanced cards. As larger banks and credit unions complete their migration programs, …
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2 March
Dwolla Debuts Transfer Web App and other Digital Transactions News briefs
• McDonald’s Corp. is adding order-ahead and payment features to its mobile app as part of a new global growth strategy; mobile order and pay will be enabled in 20,000 restaurants in the U.S. and other countries by year’s end, the fast-food giant giant said. • Dwolla Inc. has introduced Transfer, …
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1 March
Biller Sites Are Running the Table When It Comes to Bill Pay
In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report from …
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1 March
Spoofed IDs Help Darken the Security Picture
Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the money they hold. The …
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1 March
More Bad News: Phishing Attacks Surged 65% to Hit a Record 1.22 Million in 2016
The bad news about payments risk just keeps on coming. The Anti-Phishing Working Group Inc. reported this week that phishing attacks reached an all-time high in 2016, totaling 1,220,523. That was up fully 65% over 2015, the group says in its latest quarterly report. Another way to look at the …
