Digital Transactions Authoritative, insightful and timely information for payments professionals

August, 2018

• 8 August

  From Spear Phishing to POS Malware, a Security Expert Lays Out His Six Most Worrisome Threats

  

  Malicious attacks on payments systems come in a bewildering array of shapes and sizes, making it a nettlesome problem figuring out which types of attack require the most defensive resources. Yet, the stakes could be highest in the United States, where the average cost per breach, at $225, is one …
• 8 August

  GM Enables More In-Car Payments Options and other Digital Transactions News briefs from 8/8/18

  

  Flow, a cross-border e-commerce platform, has added a cryptocurrency option through an arrangement with BitPay, a cryptocurrency exchange. Through a so-called marketplace update, General Motors Co. is enabling in-dash fuel payments in select Buick models at Exxon Mobil stations. The capability is expected to come to other GM makes, 2017 …
• 7 August

  Apple Pay on Top of Consumer Reports’ Mobile P2P Assessment

  

  With a focus on data privacy and security, a review of five mobile person-to-person payment services places Apple Pay at the top, Consumer Reports says. Released Monday, the report from the product-review magazine evaluated Apple Inc.’s Apple Pay, PayPal Holdings Inc.’s Venmo, Square Inc.’s Cash app; Facebook Inc.’s Messenger, and Early …
• 7 August

  Microsoft Integrates Microsoft Pay With Masterpass In Its Latest Bid to Enhance the Wallet

  

  Microsoft Corp. continues to make enhancements to Microsoft Pay in a highly competitive market for digital wallets. This week, the computing giant said Microsoft Pay has been integrated with Masterpass, the online wallet from Mastercard Inc. that lets consumers pay with stored credentials from a variety of payment providers. “We …
• 7 August

  Worldnet TPS Adopts Quickchip Tech and other Digital Transactions News briefs from 8/7/18

  

  Payments-systems provider Worldnet TPS Ltd. said it has integrated Quickchip technology into its GoChip line of point-of-sale products to enable one-second EMV chip card transactions. Payments provider Shift4 Payments Inc. launched a management solution called Lighthouse Business Management System for clients using Shift4’s point-of-sale and payment-processing products. The new service …
• 6 August

  Bitcoin Cash One Year Later: Cheaper Than Bitcoin, But Still Number 4 on the Hit Parade

  

  One year after the hard fork that created it, Bitcoin Cash is in some ways mimicking the digital currency it was spawned from. Bitcoin Cash’s price at $693 Monday morning has slid by about $1,000 in the past three months, according to CoinMarketCap.com. And it’s well under the $4,091 peak …
• 6 August

  Eye on Data: Site Linked to the ICBA’s Bank Leaks Data; Report Says Facebook Wants To Display Card Transactions

  

  A Web-site glitch involving The Independent Community Bankers of America’s bank subsidiary exposed personal data about thousands of credit card applicants for more than a year, according to a report. Meanwhile, The Wall Street Journal on Monday reported that social-media titan Facebook Inc. has asked some of the nation’s largest …
• 6 August

  Worldpay Extends POS Software Agreement and other Digital Transactions News briefs from 8/6/18

  

  NRT Technology Corp. and Sightline Payments LLC, which are expected to merge and become NRT Sightline, announced its Connect+ payment gateway is being used by Hard Rock International for its recently launched online casino in New Jersey. Payments processor Worldpay Inc. extended for four years an agreement with CRS Texas, …
• 3 August

  On a Hot Streak, the ACH Network Has Racked up 5%-Plus Growth in 12 of the Last 14 Quarters

  

  The growth surge at the nation’s automated clearing house network shows no signs of slowing down. The payments system handled 5.68 billion transactions in the quarter ended June 30, a 6.2% increase year-over-year, according to numbers from Herndon, Va.-based NACHA, the network’s governing body. The network has now notched growth …
• 3 August

  Discover Veteran Hochschild to Succeed Nelms as CEO

  

  Discover Financial Services announced Friday that its No. 2 executive, president and chief operating officer Roger C. Hochschild, will become chief executive on Oct. 1, succeeding long-time chairman and CEO David W. Nelms. Nelms, 57, Discover’s CEO since February 2004, will become executive chairman at that time before retiring in …