Digital Transactions Authoritative, insightful and timely information for payments professionals
Another day, another data breach. But each one has lessons for the payments industry, and that includes the breach disclosed Tuesday by online travel-services provider Expedia Inc.’s Orbitz subsidiary. Hackers accessed one of Orbitz’s older systems and thereby may have exposed 880,000 payment card numbers on file, according to press …
March, 2018
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21 March
A Double-Digit Growth Rate in Wearables Sharpens the Focus for Their Payments Potential
With the introduction of transactional capability on smart watches and fitness trackers like the Apple Watch and Fitbit, the payments industry has eyed wearable devices as a field laden with potential for growth. Just how much growth came into focus this week with new figures and projections from International Data …
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21 March
Boston’s New Fare System and other Digital Transactions News briefs from 3-21-18
The Electronic Transactions Association announced its inaugural group of “Forty Under 40” up-and-coming payments-industry leaders. Cubic Corp. said its Cubic Transportation Systems unit and John Laing, a builder of mass-transit infrastructure, came to terms with the Massachusetts Bay Transportation Authority to build and operate a new fare-payment system, including contactless bank card payments through …
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20 March
E-Commerce Fraud Losses Increased 7% Across 2016 And 2017, Says Signifyd
E-commerce fraud over a two-year period through the end of 2017 increased 7% across all merchant categories, finds the Ecommerce Fraud Index released Tuesday by fraud-prevention specialist Signifyd Inc. The index reported the level of total fraud losses increased from 3.8% of sales volume in 2016 to 4.09% in 2017. …
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20 March
PayPal To Discontinue Its Pay After Delivery Service for U.S. Buyers
PayPal Holdings Inc.’s Pay After Delivery service will end April 19 for U.S. buyers. San Jose, Calif.-based PayPal included notice of the discontinuance in recent emails to account holders about the latest changes to its policies, and through a posting on the PayPal Web site. With Pay After Delivery, which …
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20 March
Macy’s New Self-Checkout Feature and other Digital Transactions News briefs from 3/20/18
Macy’s Inc. said it is launching a self-checkout feature in its mobile app that lets customers scan an item with their phone and pay with a registered card. So-called mobile-checkout stations validate purchases, take off security tags, and bag the goods. The launch follows a test at the chain’s Woodbridge, …
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19 March
More First Data Merchants To Accept Alipay
Alipay, the mobile-payment service used by 600 million consumers, and processor First Data Corp. are expanding the number of U.S. merchant locations that can accept the China-based payment method in stores, Alipay announced Monday. The expansion comes nearly a year after the two companies said First Data would move Alipay …
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19 March
With Same-Day ACH Fully Phased in, NACHA Plans Higher Limits and Other Enhancements
With the third and final phase of same-day automated clearing house payment processing now in effect, ACH governing body NACHA is turning its attention to improving the program through higher transaction limits, adding a later processing window, and other changes. Same-day ACH transactions currently are capped at $25,000. Herndon, Va.-based …
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19 March
Google Pay Integrates With Shopify And Starts a Mass-Transit Pilot in Las Vegas
When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …
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19 March
SignUpGenius Enhances Payments Service and other Digital Transactions News briefs from 3/19/18
Only 8% of respondents in an HRC Retail Advisory survey said having the option to use a mobile payment in a store was important to them. The survey also found that 30% said being able to complete a transaction anywhere in the store was important. Event-organizing service SignUpGenius Inc. enhanced its …