Digital Transactions Authoritative, insightful and timely information for payments professionals
• Noodles & Co. reported that malware led to the compromise of an undisclosed number of customers’ credit and debit cards between Jan. 31 and June 2 at 407 locations in 27 states and the District of Columbia representing 80% of its 507 total stores; the fast-casual restaurant chain began …
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Wirecard Comes to the U.S. As Citigroup Retreats From Prepaid Cards
Citigroup Inc. on Wednesday announced it has struck a definitive agreement to sell its institutional Prepaid Card Services unit to Munich, Germany-based Wirecard AG. The deal is significant in that it will give Europe’s second-largest payment processor a toehold in the U.S., and it marks the retreat by another big …
Read More »Hard Rock Hotel & Casino Finds Malware and other Digital Transactions News briefs
• Noodles & Co. reported that malware led to the compromise of an undisclosed number of customers’ credit and debit cards between Jan. 31 and June 2 at 407 locations in 27 states and the District of Columbia representing 80% of its 507 total stores; the fast-casual restaurant chain began …
Read More »SWIFT Attracts 73 Banks Worldwide for Cross-Border Payments Initiative As Pilot Unfolds
The U.S. rollout of EMV is just one chapter—albeit a major one—in an unfolding international payments story, but another one is taking the stage that could have important implications both for faster payments and cross-border transactions. SWIFT, the Belgium-based international financial-messaging organization, announced on Tuesday that 73 financial institutions worldwide …
Read More »COMMENTARY: Three Steps to Building Loyal Digital Customers for Your Brand
Creating lifetime, brand-loyal customers who return to your online store with what we call “surprise and delight” is not as easy as it once was. The fact is, shoppers are not created equal. Some online shoppers are deal seekers. Hopping from site to site, these shoppers are easily lured away …
Read More »Mobile, Breaches, Gift Cards, In-Store Pickup Among Trends Driving Online Fraud
Forecasters have long predicted that the U.S. payments market’s move to EMV chip cards for in-person transactions will drive criminals into e-commerce fraud. Now data is emerging to show the nuances these fraudsters are exploiting, and how the rise in online fraud is hardly limited to the U.S. market. In …
Read More »Apple Pay Will Come to the Web Later This Year—But Only for Safari Browsers
Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …
Read More »A Deal With Shell Boosts Chase Pay, But the Challenge of Consumer Usage Remains
JPMorgan Chase & Co. is lining up the necessary elements for its Chase Pay mobile service. The bank announced Thursday that more than 14,000 Shell Oil Co. locations potentially could accept the nascent mobile wallet. Chase shared few details, such as when Chase Pay might be accepted at Shell stations, …
Read More »The CFPB Sues Processor Intercept Corp. and other Digital Transactions News briefs
• A bill by U.S. Rep. Jeb Hensarling, R-Texas, to replace 2010’s Dodd-Frank Act” would hurt consumers and Main Street businesses,” the Merchants Payments Coalition said, because the measure would do away with the financial reform law’s Durbin Amendment that regulates debit card interchange and sets debit card transaction-routing requirements. …
Read More »Payments Veteran Khan Says His New Wallet, OmnyPay, Is Nearing Its Retailer Launch
Mobile-wallet provider OmnyPay Inc. is nearing the launch of its white-label service, which includes payments, loyalty, and offers, with a top 30 U.S. retailer. The debut is expected within the next few months. That’s the word from Mohammad Khan, OmnyPay president and cofounder, in an interview with Digital Transactions News. …
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