Digital Transactions Authoritative, insightful and timely information for payments professionals

November, 2018

• 14 November

  Cardlytics Adds Nearly 4 Million Consumers to It Rewards Platform, But Forecasted Revenues Fall Short

  

  Rewards platform provider Cardlytics Inc. on Tuesday reported its user base and revenue per active user grew in the third quarter, but the company nonetheless trimmed its full-year revenue forecast. The company’s primary product, Cardlytics Direct, provides merchant-funded rewards programs distributed through financial institutions’ online and mobile-banking sites. Cardlytics Direct …
• 14 November

  BigCommerce Gives a Lift to Venmo’s Commerce Strategy As It Adds the P2P Service And Masterpass

  

  The e-commerce platform BigCommerce Pty Ltd. on Wednesday announced two new supported payment methods, including PayPal Holdings Inc.’s Venmo service. With the addition of Venmo, Austin-based BigCommerce gave a big lift to PayPal’s strategy  to find revenue for what has been a fast-growing but free peer-to-peer payment service, though merchant pricing …
• 14 November

  Sionic Mobile Announces Single Account Service and other Digital Transactions News briefs from 11/14/18

  

  Sionic Mobile, a provider of payment and rewards technology, announced a single account through which users can pay a range of providers through mobile devices or in-car commerce. Gas Pos, which sells EMV-acceptance services to fuel retailers, announced a $1 million investment from Merus Capital, a venture-capital firm. Bluefin Payment …
• 13 November

  The Fed Unveils an Industry Group Charged With Developing Faster Payments

  

  Following through on plans disclosed earlier this year, the Federal Reserve on Tuesday formally unveiled the U.S. Faster Payments Council, an industry group charged with collaborating to spur the adoption of faster payments and identify market opportunities. The 22 inaugural members range from retailing giant Walmart Inc. to Visa Inc. …
• 13 November

  More Consumers See Smart Phones As Crucial Shopping Tools, Though Their Payment Use Lags

  

  As the holiday shopping season swings into gear, look for more consumers using their smart phones for shopping—but not so much for making a mobile payment, says GfK, a Germany-based consulting firm, in its latest FutureBuy research. Forty-five percent of all U.S. consumers rank mobile devices, including smart phones and …
• 13 November

  Fresh From a $100-Million Funding Round, Poynt Sets a Goal To Be the Common OS for Smart POS Terminals

  

  Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in announcing a $100 million funding round on Tuesday, the Palo Alto, Calif.-based company also argued it should be the one to provide that OS. Investors …
• 13 November

  Cequence Security Joins the Anti-Bot Battle

  

  [Image Credit: Any IP Ltd.] With malicious bots bombarding the Web, tech vendors are adding services to shield banks, retailers, and other firms with data behind login pages from the onslaught. The newest is Cequence ASP from Cequence Security, which the Silicon Valley firm says detects and ends attacks through …
• 13 November

  Fed Forms Faster Payments Council and other Digital Transactions News briefs from 11/13/18

  

  The Federal Reserve formally announced the creation of the U.S. Faster Payments Council, an industry organization intended to promote the adoption of secure faster-payment systems through industry collaboration and education. The 22 founding members include payment card networks, banks, Walmart Inc., and automated clearing house network governing body NACHA. The group is …
• 12 November

  JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18

  

  Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment …
• 12 November

  Fallback Fraud Falls as Card Issuers Ramp Up Their Monitoring

  

  Fallback fraud, an offshoot of the counterfeit fraud that EMV chip cards are meant to reduce, declined over the past year, according to new findings from Auriemma Consulting Group. Fallback fraud refers to fraud resulting from would-be EMV payments resorting to the credit or debit card’s back-up magnetic stripe because …