Digital Transactions Authoritative, insightful and timely information for payments professionals
Several payments-industry vendors are making product and services announcements in conjunction with the National Retail Federation’s annual Big Show convention this week in New York. Verifone unveiled the PayWare Mobile e355, a mobile point-of-sale terminal that accepts magnetic stripe, near-field communication (NFC), Europay-MasterCard-Visa (EMV), and Apple Pay transactions. Available in …
Read More »Can EMVCo’s Aegis Rescue a Floundering 3D Secure for Online Payments Security?
Card-not-present fraud is the bane of any merchant that operates an e-commerce site, and EMVCo, a standards body for the Europay-MasterCard-Visa (EMV) specification, hopes its newly assumed oversight of the 3D Secure authentication standard can help them. Operated as Visa Inc.’s Verified by Visa and MasterCard Inc.’s SecureCode, 3D Secure …
Read More »BluePay Acquisition Bolsters Integrated POS Efforts As New Exec Takes Over
Merchant-services company BluePay Processing Inc. has bought CDI Technology Corp., which provides e-commerce software and payment services for companies that use business-management software such as Oracle JD Edwards and SAP. Terms of the deal were not disclosed. Lombard, Ill.-based CDI integrates e-commerce and payments into business-management software, often called …
Read More »Merchant Processor Global Payments Reports Strong Second-Quarter Financials
By Digital Transactions News Staff Bolstered by solid growth in the U.S. and Asia, merchant processor Global Payments Inc. on Thursday reported total revenues of $697.3 million for its second quarter of fiscal 2015 ended Nov. 30, up 10% from $634.1 million a year earlier. Second-quarter net income increased only …
Read More »ISO Startup Blue Star Hopes Ties to NFL’s Dallas Cowboys Will Boost Its Prospects
The National Football League’s Dallas Cowboys organization is lending its name recognition to a new merchant-services company, Blue Star Payment Solutions. Frisco, Texas-based Blue Star intends to build its brand based on its affiliation with the Dallas Cowboys as one of the companies owned by the Jones family, says Jerry …
Read More »Latest Stats Show the ACH Growing Steadily As Players Mull Faster-Payments Proposal
Traffic on the automated clearing house network continues to climb at a steady clip as financial institutions and other users of the system mull over a proposal to speed up payments from next-day to same-day settlement. In the quarter ended Sept. 30, overall volume on the ACH grew 4.15% year …
Read More »Bitcoin Exchange Bitstamp Shuts Down While It Sorts out Effects of a $5.2 Million Breach
A breach Jan. 4 at Bitcoin exchange Bitstamp resulted in the loss of approximately $5.2 million worth of the digital currency and caused the exchange to shut down while it sorts out the after-effects. That’s according to notes posted to Bitstamp’s Web site Monday and Tuesday. The breach targeted one …
Read More »Rash of Chain Breaches Casts Spotlight on Unique Vulnerabilities of Franchised Businesses
News of a possible card-data breach at chicken-sandwich chain Chick-fil-A caps a year that saw a number of franchised businesses compromised and throws into relief what some experts say is the unique security vulnerability of the franchise business model. Franchised chains, in which so-called owner-operators run stores under a license …
Read More »Google Becomes Latest Major Player to Sue Card Networks After Settlement Opt-Out
Two days before Christmas, Google Inc. quietly filed a federal lawsuit against Visa Inc. and MasterCard Inc., alleging the card networks violated antitrust law by setting “supracompetitive” interchange rates from 2004 to 2012. The unusually sparse, three-page suit, filed in U.S. District Court for the Eastern District of Texas, asks …
Read More »Retail Groups Blast ‘Inaccuracies’ And ‘Misrepresentations’ in ICBA Release
Retailer organizations are lambasting an Independent Community Bankers of America survey that blamed retailers for breach costs that totaled $90 million at The Home Depot Inc. this year. In a letter to the ICBA and bearing Monday’s date, the chief executives of the Retail Industry Leaders Association, National Retail Federation, …
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