Digital Transactions Authoritative, insightful and timely information for payments professionals
The New York attorney general is suing Dunkin’ Brands Group Inc. for allegedly violating the state’s data-breach notification act by failing to notify nearly 20,000 customers that their Dunkin’ accounts had been compromised in a series of brute force cyberattacks beginning in 2015. Hackers also gained unauthorized access to more than 300,000 accounts in …
September, 2019
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27 September
TSYS-Global Merger ‘Best of the Bunch’ and other Digital Transactions News briefs from 9/27/19
The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …
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26 September
How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy
Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …
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26 September
AmEx Issues Contactless Guide and other Digital Transactions News briefs from 9/26/19
American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …
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25 September
Square Drops Longstanding 2.75% POS Pricing for a Percentage-Plus-Fee Plan
Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …
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24 September
Sales Focus May Be ISOs’ Best Asset As They Court ISVs And VARs
Merchant-services companies may already have the best tool for courting independent software vendors and software developers. It’s the sales model. That’s the word from a panel at last week’s Western States Acquirers Association conference in Rancho Mirage, Calif. Many payment providers are looking to integrated payments, often an integral part …
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24 September
P97’s C-Store Payments Deal and other Digital Transactions News briefs from 9/24/19
P97 Networks, a mobile-payments and content provider for gas pumps, partnered with WannLynx, which supports in-store and at-the-pump video and other content for fueling stations, to enable payments as well as discounts, coupons, and other loyalty programs for convenience stores and gas stations.Brex, a startup that creates corporate card programs …
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23 September
A Panel Clears up Some Issues on Payments for CBD Merchants
The clamor to sign up merchants that want to sell hemp-derived cannabidiol products is undiminished despite multiple questions about what a legal CBD product is and how to onboard these merchants. “The banks are having a tough time now because it’s so new,” said Travis Chrisman, president and cofounder of …
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23 September
As POS Credit Gets More Crowded, Splitit Adapts the Concept for B2B Payments
Familiar now as a point-of-sale payment option, transactional credit is moving into the much larger—and more complicated—world of business-to-business payments. Splitit Payments Ltd. announced on Monday it has launched a service that allows merchants and other small businesses to pay suppliers with regular, interest-free installments on an existing business credit …
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20 September
UnionPay International’s Merchant Growth and other Digital Transactions News briefs from 9/20/19
The China-based payments network UnionPay International said it now links to more than 28 million merchants outside China, with 2 million having been added in the first half of 2019. The company also said 80% of U.S. merchants now accept UnionPay credit cards.Visa Inc. said its B2B Connect network now processes cross-border corporate …
