Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews If misery loves company, then VeriFone Systems Inc. can make room for its arch-rival, France-based Ingenico Group. Ingenico reported Tuesday that a “sudden and significant” decline in U.S. EMV-related revenues, along with weak sales in Brazil, had forced it to lower its revenue and profit forecasts for …
September, 2016
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2 September
Mobile Payments Make Big Overall Gains, but In-Store Purchases Lag
By Jim Daly@DTPaymentNews Nearly three-quarters of mobile-phone owners have made some sort of payment with their devices, but in-app, bill, and person-to-person payments all exceed in-store payments, according to new findings from First Annapolis Consulting Inc. The Annapolis, Md.-based consulting and research firm says 74% of mobile-phone-using consumers reported in …
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2 September
Digital River Releases Subscription Payments Paper and other Digital Transactions News briefs
• E-commerce services provider Digital River Inc. released a white paper, “The Subscriptions Generation,” which offers guidance for e-commerce decision-makers and product marketers considering online subscription-based business models. • The Western Union Co. announced it is offering free money transfers from agent locations in most countries to more than 450 agent …
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1 September
Stockpile Prepares to Take Its Gift Cards—And Stock Ownership—To the Retail Rack
By John Stewart @DTPaymentNews Gift card marketers have dominated the holiday season and other gift-giving occasions in recent years, but now a card is coming to thousands of those checkout-lane racks that will let budding investors buy or give away shares of stock in a favorite company.
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1 September
An Unexpected Slowdown in EMV Sales Casts a Shadow on VeriFone’s Latest Quarter
“Selling boxes is an unpredictable thing,” Paul Galant, chief executive of VeriFone Systems Inc., told stock analysts Thursday afternoon. Seldom has that been truer for terminal kingpin VeriFone than now, when an unexpected slowdown in EMV adoption by small and medium-size merchants has cut into the company’s sales and hurt …
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1 September
Boku Raises $13.75 Million in Funding and other Digital Transactions News briefs
• Hotel operator Kimpton Hotels & Restaurants said its point-of-sale system at several of its properties was breached earlier this year, from Feb. 16 through July 7. Kimpton began its investigation after receiving a report on July 15 of unauthorized charges after consumers used their cards at the restaurant in …
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1 September
Behind the Rise in Debit Fraud
The fraud bug struck debit card issuers last year, and the illness spared neither signature nor PIN-based varieties of debit. Researchers identified a big increase in skimming as part, but only one part, of the cause. According to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic …
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1 September
Could Quick Chip Tech Mean More Mobile-Wallet Usage?
When Visa Inc. and MasterCard Inc. demonstrated their streamlined EMV technology at some West Coast groceries last month, the payments industry focused on the potential for speedier checkouts and happier cardholders. But another implication of Visa’s Quick Chip and MasterCard’s M/Chip Fast technology is that it could boost the number …
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1 September
CVS’s Rx for Mobile Wallets: Loyalty And Privacy
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
