News

August, 2016

• 25 August

  Noting 100 Million Samsung Pay Transactions and other Digital Transactions News briefs

  • The clearXchange peer-to-peer payments network will be renamed Zelle, according to a report in The Wall Street Journal. The service is operated by Early Warning Services LLC, which is owned by some of the nation’s biggest banks. • Samsung Electronics Co. Ltd. marked the first anniversary of its Samsung …
• 24 August

  Visa And MasterCard Deny Home Depot’s Claims But Shed No Light on Disputed Fees

  

  By Jim Daly@DTPaymentNews In new court filings, Visa Inc. and MasterCard Inc. are denying the antitrust allegations that The Home Depot Inc. leveled against them in a June lawsuit. That’s no surprise, but the networks’ responses leave some arcane network fees shrouded in mystery. Visa and MasterCard filed answers to …
• 24 August

  Visa Says Chip-on-Chip Transactions, a Key Metric, Have Grown 26% Since May

  

  By Kevin Woodward@DTPaymentNews Chip-on-chip transaction volume continues to rise as the United States payments industry nears the one-year mark since the Oct. 1, 2015, liability shift, totaling 554.8 million in July, a 26% increase from 440.1 million in May, Visa Inc. announced Tuesday. Since November, Visa’s chip-on-chip transactions have more …
• 24 August

  Eye on College Payments: More Convenience Fees, And a Nasty Tuition Scam

  

  It’s back-to-school time, and that means it’s also time for college-age students and their parents to pay tuition charges. Most of the largest private, public, and community colleges accept credit cards for these charges, but a growing majority of these institutions also assess hefty so-called convenience fees to cardholders, according …
• 24 August

  Uncle Oogies Getting Pay-at-the-table and other Digital Transactions News briefs

  • Paytronix Systems Inc., a provider of loyalty solutions to restaurants and retailers, announced it has added a mobile pay-at-table capability for eateries that includes the ability to redeem rewards. • In related news, terminal maker Ingenico Group teamed with middleware vendor Datacap Systems to install a pay-at-table system based …
• 23 August

  The Best Gift Card Sellers Really Shine, But Below That Level the Picture Grows Dimmer

  

  By Kevin Woodward@DTPaymentNews Retailers considering or starting a digital gift card program may do well to study the programs offered by Sephora USA Inc., Starbucks Corp., The Home Depot Inc., Dunkin’ Donuts, and Amazon.com Inc. Their digital gift card programs ranked at the top of a roster of 100 retailers …
• 23 August

  Payza Integrates Interac Into its Platform and other Digital Transactions News briefs

  • Merchant processor Global Payments Inc. said it will provide a Bluetooth reader capable of EMV and contactless mobile payments to Mary Kay Cosmetics Ltd. consultants in Canada. The reader works with Apple and Android smart phones and tablets. • Global payments platform Payza has integrated Canada’s Interac debit network, …
• 22 August

  Square Posts Europe Job Openings and other Digital Transactions News briefs

  • Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
• 22 August

  Looking to Manage Risk, NACHA Sets a Rule Requiring Banks to Register Third-Party Senders

  

  By John Stewart@DTPaymentNews As the automated clearing house network gets set to start a process that will over time speed up credit and debit transactions to
• 22 August

  Eye on Mobile Payments: More Merchants Take Wallets; Walgreens Brings Loyalty to Android Pay

  

  By Kevin Woodward@DTPaymentNews Mobile payments continue to garner merchant interest as more retailers are accepting mobile wallets, research shows. Meanwhile, drug-store chain Walgreens is making its loyalty program available to users of Android Pay. Thirty-four percent of small businesses accept mobile payments like Apple Pay and Android Pay, finds the …