Digital Transactions Authoritative, insightful and timely information for payments professionals
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Read More »Digital Transactions November 2016
Only One Direction for ATM Fees: Up
Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by ATM deployers and a consumer’s own bank total $4.57, up 5 cents, or 1.1%, from a year ago, a …
Read More »A Year Later, Most Consumers Are Still Confused About EMV
A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan LLC and conducted by Research …
Read More »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., …
Read More »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 …
Read More »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 …
Read More »Why MasterCard And PayPal Are Leveraging Bots for Payments on Facebook Messenger
By John Stewart @DTPaymentNews As payments firms seek to commercialize emerging online marketplaces, they’re starting to leverage automated routines that promise to overturn traditional transaction methods and, just possibly, deliver on the long-sought goal of so-called frictionless payments. This week, both MasterCard Inc. and PayPal Holdings Inc. announced new initiatives …
Read More »Visa Europe Helps To Lift Visa Inc.’s Total Payment Volume by 47%
By Jim Daly@DTPaymentNews You thought Visa Inc. was big already? Boosted by Visa Europe and solid growth in the U.S. and some other regions, the world’s largest card network’s credit and debit card payment volume grew 47% in the quarter ended Sept. 30. Foster City, Calif.-based Visa Inc. on Monday …
Read More »The Budding Internet of Things May Present a $14 Billion Opportunity for Payments Firms
By Jim Daly@DTPaymentNews It’s in its infancy, but the Internet of Things, or IoT, will represent a $14 billion revenue opportunity globally by 2020 for payments firms smart enough to capitalize on it, according to research firm IDC Financial Insights. “That is a very conservative estimate,” James Wester, research director …
Read More »Visa Sets April 2018 Deadline for European Issuers To Support 3-D Secure Version 2.0
Visa Inc. announced Thursday that credit and debit card issuers in Europe will be the first issuers to adopt Visa’s program for using 3-D Secure 2.0, the impending update to an authentication protocol for online transactions originally introduced more than a decade ago. Visa said certain rules, such as fraud-chargeback …
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