Digital Transactions Authoritative, insightful and timely information for payments professionals
NCR Corp. said it is investigating a ransomware incident affecting one of its data centers and its Aloha cloud-based services for the hospitality industry. Its ATM, digital banking, payments and other retail services are not impacted. Huntington National Bank said it has extended Huntington ChoicePay to payments in higher education and business services. …
April, 2023
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14 April
Chargebacks911 Responds to Allegations it Undermined Chargeback Disputes
Responding to allegations by the Federal Trade Commission and Florida’s attorney general that it used multiple techniques to prevent consumers from winning chargeback disputes, chargeback-management company Chargebacks911 on Friday released a statement saying the charges are unfounded. The FTC and Florida attorney general Ashley Moody sued Chargebacks911 on Wednesday alleging …
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14 April
Will Visa’s 3% Surcharge Cap, Set for April 15, Push Merchants to Cash Discounts?
Visa Inc. is poised to lower on Saturday the amount a merchant can surcharge for transactions on its credit cards from a maximum of 4% to 3%, a move it announced early this year. Some observers acknowledge the reduction will happen, though Visa Inc. has not responded to Digital Transactions …
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14 April
Affirm Extends Stripe Agreement to Canada And Other Digital Transactions News briefs from 4/14/23
Buy now, pay later provider Affirm Inc. said it is extending to Canada its processing agreement with payments platform Stripe Inc. Payments fintech Alacriti said it will provide identity verification for real-time payments through fraud-solutions provider Socure. Payments-technology provider Central Payments renewed an agreement with Galileo Financial Technologies LLC to process for Central’s Open*CP Fintech API …
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13 April
Data Breaches Drop 13% And Other Digital Transactions News briefs from 4/13/23
The number of reported data compromises totaled 445 in the first quarter, a 13% decrease from the previous quarter, according to the latest report from the Identity Theft Resource Center. The number of victims decreased 64% in the same period. Health care breaches, at 81, led the quarter followed by financial services …
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12 April
Square Subscriptions Are Coming As Square Releases a Flurry of Nearly 100 Updates
Square, the in-store and online commerce arm of Block Inc., says Square Subscriptions is in tests for Square Online users. The feature is one of nearly 100 updates the company announced Wednesday. Other notable features include Waitlists in Square Appointments and an integration with reservation provider OpenTable in Square for …
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12 April
Garmin Pay on Another Watch And Other Digital Transactions News briefs from 4/12/23
Garmin Ltd. launched its latest smart watch, the $450 Instinct 2X Solar, which like most of its devices includes Garmin Pay, the company’s contactless-payment capability. ParkHub, a specialist in digital payments for parking, announced an agreement under which it will process payments at three venues owned by sports and live-entertainment company …
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11 April
Capital One Is Likely to Weather Its Loss of the Walmart Card Portfolio
Even if Walmart Inc. is successful in terminating its contract with Capital One Financial Corp. to issue private-label and co-branded cards on the retail behemoth’s behalf, the loss is not likely to have a major impact on Capital One’s business, says a research note from Keefe, Bruyette & Woods. The …
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11 April
POS Veteran Verifone Launches a Barrage of Cloud-Based Tech for C-Stores
Consumers have been returning to physical stores as the pandemic wanes, and that’s spurring point-of-sale technology providers to bring fresh products to market. The latest example is Verfone Inc., which said Tuesday it is rolling out a panoply of new devices and services for the highly competitive petroleum and convenience-store …
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11 April
Visa+ P2P Service in Tests And Other Digital Transactions News briefs from 4/11/23
Visa Inc. announced a pilot for Visa+, a service that allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between PayPal and Venmo, a PayPal-owned network, but plans are to include P2P services DailyPay, i2c, TabaPay, and Western …
