Digital Transactions Authoritative, insightful and timely information for payments professionals
Fiserv Inc. said this week its First Data unit has performed the first PIN-on-mobile contactless transaction involving only a commercially available mobile device. Observers say the breakthrough could expand the availability of PIN-on-mobile technology significantly by allowing small merchants like food-truck operators and other mobile sellers to accept card payments …
February, 2020
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21 February
Western States Names Officers and other Digital Transactions News briefs from 2/21/20
The Western States Acquirers Association announced Jason Putnam, a TIB-The Independent BankersBank executive, is president for 2020, having been a board member for the past 11 years. Deborah Camm, a Merrick Bank executive, is the vice president. Chase Oelkers of Folium Biosciences and Scott Defazio of Fiserv were elected directors. John Newton …
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20 February
Better merchant compliance helps you, your peers, and your country!
PCI Plus: The answer to the PCI compliance crisis and U.S. security threats Read news feeds on any social media platform, or watch your nightly news, and you’re likely to hear about cybercriminals hacking someone’s data. Facebook and Capital One are just a few of the notable security breaches this …
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20 February
Ally Financial Agrees to Buy CardWorks, Parent of Major Acquirer Merrick Bank
Ally Financial Inc. announced this week it will buy CardWorks Inc. for $2.65 billion. CardWorks owns Merrick Bank, a major player in merchant acquiring. In the deal, expected to close in the third quarter, Detroit-based Ally says Merrick Bank will merge into Ally Bank. Merrick has approximately $32 billion in …
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20 February
As Mobile Wallets Proliferate Globally, Pricing Emerges As a Key Tactic for Growth
Mobile wallets aren’t the revolutionary products they were a few years ago, but as more and more entities launch new ones across the world, the apps are getting much more diverse and cheaper to use. That’s because, while sponsors continue to battle for adoption, they’re finding pricing to be a …
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20 February
Green Dot Dollar Volume Up and other Digital Transactions News briefs from 2/20/20
Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …
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19 February
USA Technologies Eyes Growth in Software-Based Services And Expansion Into Japan
While playing defense in a proxy war with the company’s largest shareholder, vending-machine payments provider USA Technologies Inc.’s top executives are looking for growth through software-based services, and expansion into adjacent markets and other countries, particularly Japan. “Our go-to-market strategy is to advance our sales efforts as an integrated software …
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19 February
How the Utility of APIs Also Makes Them Targets for Online Criminals
Enabling account access and payments between different platforms is the task of application program interfaces, a bit of software code that thousands of payments companies rely on. Dubbed APIs, the technology is vital to the connected payments experience consumers desire and companies want to provide. Criminals, too, desire access to …
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19 February
ParkMobile’s 18 Million Users and other Digital Transactions News briefs from 2/19/20
ParkMobile LLC, a provider of mobile parking payments, said it has reached 18 million users after a 110% two-year growth rate. It also said it has appointed John Brown chief operations officer. Brown previously held executive positions at Clutch Technologies, Cardlytics, and Fiserv Inc.Payment card provider CPI Card Group Inc. announced its …
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18 February
Survey: Americans Have $21 Billion in Unused Gift Card Balances
All those unredeemed gift cards in people’s drawers and on dresser tops are adding up. New research from Bankrate LLC estimates the total value of Americans’ unredeemed gift cards and leftover store credits at $21 billion. Bankrate says its survey, the firm’s first of its kind, found the average adult …