Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
March, 2017
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1 March
Square Debuts Caviar Pickup and other Digital Transactions News briefs
• Merchant processor Sterling Payment Technologies, a unit of EVO Payments International, has partnered with RPower Point of Sale, a vendor of point-of-sale software for restaurants, to offer an EMV solution for the hospitality industry. • Merchant processor Square Inc. introduced Caviar pickup, a new feature on its Caviar restaurant food-ordering and delivery service that …
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1 March
Square Feasts on Food Pick-Up With Its Caviar Expansion and OrderAhead Acquisition
In an effort to cement its ties with restaurants, Square Inc. announced Wednesday it is adding a pick-up feature to its Caviar meal-delivery service and has acquired the OrderAhead restaurant pick-up service. Both moves capitalize on the trend time-strapped consumers buying restaurant meals for consumption elsewhere, be it at home or …
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1 March
Why Retailer Pay is Essential for a Retailer App?
The great success of the Starbucks mobile app has demonstrated that consumers will use a mobile app if it delivers the right value. The capacity to pay with an app alone is not enough, and one of the ways that Starbucks motivates customers to pay with its app …
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1 March
How Ant Financial Is Laying the Foundation for Alipay’s Expansion
Ever since Ant Financial Services Group let it be known in October that it is working with key payments players like VeriFone Systems Inc. and First Data Corp. to bring its Alipay mobile-payments service to North America, the industry has wondered about the Chinese company’s strategy both in the United …
February, 2017
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28 February
Interac Fraud at Record Low and other Digital Transactions News briefs
• In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …
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28 February
COMMENTARY: How to Cure the ‘Hangover,’ Sell EMV, And Grow More Quickly
In the February, 2017, issue of Digital Transactions, Steve Mott argues that the U.S. EMV migration was a misguided, poorly planned, and poorly executed effort. In his article, “The Great EMV Hangover,” he considers the migration to be a failure, writing, “As 2016 wound to a close, nothing short of …
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27 February
COMMENTARY: How 5G Networks Will Remake Payments—And the World
In today’s 4G world, connected homes allow you to turn on lights, turn down thermostats, or activate sprinklers, all remotely. Wearables wake you up and tell you how long and how well you slept. Fingerprints, faces, even the rhythm of your heart are replacing passwords. There’s a lot happening on the connectivity …
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27 February
Mastercard Looks to Scale up Masterpass And Order-Ahead With an Oracle Tie-Up
Mastercard Inc. and Oracle Corp. announced Monday a collaboration that could dramatically expand the reach of Mastercard’s Masterpass digital-wallet technology, as well as the network’s tokenization capability. Masterpass will be embedded into Oracle’s POS systems for retail and hospitality merchants. The companies said Oracle will embed Masterpass in systems it …