Digital Transactions Authoritative, insightful and timely information for payments professionals
Novo Dia Group, a developer of point-of-sale software for electronic benefits transfer and other payments, said it has integrated with Square Inc.’s platform and enhanced its main product, Mobile Market, which it has renamed TotalPay.College payment-processing specialist PayMyTuition said it has developed a service that allows colleges and universities to settle cross-border …
March, 2020
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10 March
Eye on Fraud: ACI’s Self-Adjusting Machine-Learning Model; Consumers’ Fraud Fears
Machine learning is a popular fraud-fighting technology, but models have a tendency to become less effective over time as criminals adjust their tactics. On Tuesday, ACI Worldwide Inc. said it’s taking a crack at that problem with a service that the company says can adjust automatically to changing fraud patterns. …
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10 March
Eye on POS Systems: Shift4 Adds An Integration; Netsurion Extends Restaurant Reach
As merchants expect more consolidated services from their point-of-sale systems, payments providers are listening and acting. Merchant processor Shift4 Payments LLC said Tuesday that its suite of restaurant POS systems now has an integration with TakeOut7 Inc., an online-ordering service. This enables orders placed via TakeOut7 to sync with Shift4’s …
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10 March
Western Union’s Law-Firm Payment Service and other Digital Transactions News briefs from 3/10/20
The Western Union Co. launched WU Incoming Payments for Legal, a service aimed at allowing U.S. law firms to accept foreign payments without bank-processing fees.Payments provider Usio Inc. said InsureSmith, which provides insurance brokerage software products, integrated Usio’s PayFac-in-a-Box service to enable users to pay premiums directly through the InsureSmith platform.E-commerce services provider Signifyd announced …
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9 March
Dual-Interface Chip Card Sales Lift CPI Card Group
As the payments industry reeled Monday morning during yet another wild session on Wall Street, card manufacturer CPI Card Group Inc. provided a glimmer of hopeful news when it reported improving financials thanks in part to growing sales of dual-interface cards. Littleton, Colo. based CPI said fourth-quarter sales in its …
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9 March
Online Attackers Emphasize Mobile Sites And Apps, Report Finds
Online criminals are not that much unlike honest consumers in adopting mobile Web sites and apps as their favored channels with retailers and financial services. The evidence is that attack rates via mobile sites increased 56% in the latter half of 2019, according to the LexisNexis Risk Solutions Cybercrime Report …
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9 March
SurchX Sold to InterPrivate and other Digital Transactions News briefs from 3/9/20
Private-equity firm InterPrivate LLC announced the acquisition of SurchX, a payments provider offering surcharging programs. SurchX was renamed InterPayments. Terms were not disclosed.ParTech Inc., a subsidiary of PAR Technology Corp., announced an application programming interface integration with eTouchMenu, a digital-menu provider, and ParTech’s Brink POS software.Priority Payment Systems, a subsidiary of …
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6 March
How the Coronavirus Scare Is Leading Some Experts to Look for a Boost in Contactless Payments
The global coronavirus scare has prompted a number of warnings that could end up benefiting electronic payments, particularly contactless transactions. Authorities ranging from the World Health Organization to doctors in local practices have warned this week about the risks of handling paper currency, and some have also cautioned against touching …
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6 March
Square’s Dorsey Reconsidering His Africa Relocation and other Digital Transactions New briefs from 3/6/20
Jack Dorsey, the co-founder and chief executive of Twitter Inc. who also is the CEO of merchant processor Square Inc., told an investor conference he is reconsidering his plan to spend much of his time this year in Africa because of Covid-19, the coronavirus, “and everything else going on,” Bloomberg …
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6 March
COMMENTARY: Why Trust Is the Future of Fraud Prevention
“Can I trust you?” The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers. In today’s digital world, fraud-prevention solutions use artificial …