News

November, 2016

• 1 November

  Co-Op Financial Services in Bill Pay Deal and other Digital Transactions News briefs

  • Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …

October, 2016

• 31 October

  Forecasters Predict the New 3-D Secure Will Be More Popular Than Its Predecessor

  

  By Jim Daly@DTPaymentNews The new version of the 3-D Secure online-authentication technology is better for merchants and consumers and thus likely to get more adoption than the old version, according to security experts. EMVCo, the chip card standards body owned by the world’s six leading payment card networks, released 3-D …
• 31 October

  Google’s Payments Chief Gives A Glimpse of What’s Coming for the Android Pay App

  

  By John Stewart @DTPaymentNews Alphabet Inc.’s Android Pay mobile wallet made some headlines recently with the company’s announcement that the app would be available to Masterpass and Visa Checkout users for Softcard mobile-payments venture managed by leading telecom companies. Smart Tap is available now in all U.S. Walgreen’s stores as …
• 31 October

  Prepaid Card Volume up at The Bancorp and other Digital Transactions News briefs

  • RYDE Technologies Inc. launched an overhauled version of its ride-hailing app RYDE, first launched last year to compete with Uber and Lyft. As with other such apps, RYDE processes payments in the background against a stored card, summons taxicabs and black cars rather than private vehicles. • The Bancorp Inc., …
• 28 October

  PIN-Debit Wins Give MasterCard’s Transaction Volumes a Boost

  

  By Jim Daly@DTPayment News Most of the chatter about how the debit card market has changed in the five years since the Durbin Amendment took effect centers on what market leader Visa Inc. is doing, or how the electronic funds transfer networks are maneuvering to stay alive and grow. But …
• 28 October

  Early Warning Allies With NuData Security and other Digital Transactions News briefs

  • Early Warning Services LLC, a fraud-management company, announced an alliance with NuData Security that enables Early Warning to use behavioral analytics and risk assessment as part of its authentication platform. • Money-transfer revenue for MoneyGram International totaled $339.6 million for the third quarter, up 5% on a constant-currency basis …
• 27 October

  Eye on Retailers: Kohl’s Pay to be Fine Tuned; Amazon Advances Across Channels

  

  By Kevin Woodward@DTPaymentNews Retailer Kohl’s Corp. plans to tweak its newly launched OmnyPay Inc. The service works only with the Kohl’s Charge card, issued by Capital One N.A. Lavu predicts Kohl’s Pay will generate copious amounts of data, especially given that enrollment in the app is up by 70% following …
• 27 October

  Walmart Alters Money Transfer Programs and other Digital Transactions News briefs

  • Financial-institution processor Fiserv Inc. said its payments segment posted adjusted revenues of $701 million in the third quarter, up 9% from $643 million a year earlier. Operating income rose 11.5% to $242 million. • Wal-Mart Stores Inc. announced service changes in the U.S. and Mexico, and lower prices, involving …
• 27 October

  Online Merchants Fear Fraud, But the Bigger Problem is False Declines–And It’s Getting Worse

  

  By John Stewart@DTPaymentNews Online merchants are dreading an onslaught of fraud, but what they should really brace for is a much bigger problem: so-called new version, which comes from EMVCo, the standards body controlled by the global card brands, will work in-app as well as within browser-based shopping sessions and …
• 27 October

  Blackhawk Network Takes Gift Cards for an Uber Ride Into the Sharing Economy

  

  By Jim Daly@DTPaymentNews The ride-sharing service Uber is strongly associated with mobile apps, not with plastic. But prepaid card providers such as Blackhawk Network Holdings Inc. are finding new opportunities in the so-called sharing economy exemplified by Uber, in which drivers using their own vehicles offer taxi-like services to riders. …