Digital Transactions Authoritative, insightful and timely information for payments professionals

October, 2018

• 24 October

  As the Fed Mulls an Entry Into Real-Time Payments, a TCH Executive Flashes a Caution Flag

  

  If the Federal Reserve decides to compete in the developing market for real-time payments, it will face considerable obstacles, one of which has to do with whether such competition is really needed, according to an official with The Clearing House Payments Co. LLC. The Clearing House, which is recruiting financial …
• 24 October

  WEX To Acquire Bill-Pay and Virtual Card Specialist Noventis

  

  Fleet-fueling and corporate-payments provider WEX Inc. reported this week that it has a deal to acquire Noventis Inc., a bill-payment network and virtual card specialist. South Portland, Maine-based WEX said in a news release that it already has a “longstanding relationship” with Noventis as a supplier of virtual cards for …
• 24 October

  AmEx Acknowledges Investigation and other Digital Transactions News briefs from 10/24/18

  

  Processor Total System Services Inc. (TSYS) said its Merchant Solutions unit processed 1.53 billion point-of-sale transactions in the third quarter, a 22% increase from 1.26 billion a year earlier. Sales volume rose 30% to $40.9 billion. The Consumer Solutions segment, which includes the Netspend prepaid card operation, posted gross dollar …
• 23 October

  The Zelle P2P Payment Service Posts 83% Transaction Growth in the Third Quarter

  

  The Zelle person-to-person payment service continued to gain traction in the third quarter. Zelle Network reported Tuesday that it processed $32 billion in the three months ended Sept. 30 on 116 million transactions. The latest figures represent a year-over-year growth rate of 67% in payment value and 83% in transactions. …
• 23 October

  As an E-Commerce Payment Spec Goes out for Comment, ‘Commercial Applications’ Could Emerge by Early Spring

  

  With a major new—and somewhat controversial—e-commerce standard now entering a 45-day comment phase, the payments industry is likely to have at least some “commercial applications” ready by early spring, the top executive in charge of Visa Inc.’s implementation tells Digital Transactions News. The specification, known as Secure Remote Commerce, has …
• 23 October

  EMS Buys POS System Developer and other Digital Transactions News briefs from 10/23/18

  

  Electronic Merchant Systems announced the acquisition of Total Touch POS, a POS system developer for the hospitality industry. Terms were not disclosed. Bank of America Merchant Services, along with First Data Corp., announced it integrated BlueSnap Inc.’s All-in-one Payment Platform into its system. BAMS is the first integration since First …
• 22 October

  Card Fraud and Account Takeovers Continue to Haunt Multiple Industries, Says IDology

  

  Credit, debit, and prepaid card fraud shows no signs of retreat, finds the Sixth Annual Fraud Report from IDology, an Atlanta-based identity-verification company. Sixty-seven percent of executive respondents to an IDology survey said card-based fraud is most prevalent among their industries. That compares to 65% in 2017. Other fraud types …
• 22 October

  NCR To Take a Direct Role in Payments With its Pending $184 Million Acquisition of JetPay

  

  Best known for its ATMs, NCR Corp. has long been close to the point-of-sale payment business with its software products such as Retail One, Aloha, and NCR Silver, and its hardware for retailers and the hospitality industry that includes self-checkout systems for grocery stores. Now NCR is about to dive …
• 22 October

  Eye on POS Terminals: Equinox Sounds Out Payments; Verifone Helps the Blind Make a Payment; Ingenico’s Semi-Integrated Service

  

  Point-of-sale terminal maker Equinox Payments announced an audible way to pay with the integration of LISNR ultrasonic technology. Phoenix-based Equinox said it is the first POS terminal maker to license the proprietary LISNR tech. Using inaudible sounds, the tech enables a smart phone to communicate and share data with devices …
• 22 October

  Klarna Launches Slice it in 4 Payment Option and other Digital Transactions News briefs from 10/22/18

  

  Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …