Digital Transactions Authoritative, insightful and timely information for payments professionals

April, 2018

• 9 April

  Apps Will Be a Major Force in Payments For Years to Come, a Report Argues

  

  Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …
• 9 April

  Bitcoin’s Costs Have Plunged In Recent Months, But Its Volatile Value Could Scare Merchants

  

  When the price of Bitcoin spiraled to dizzying heights last year, so did its costs for those who wanted to exchange the digital currency rather than hoard it. Places that accepted Bitcoin, some of them for years, announced they would stop taking it. Since December, Bitcoin’s price has famously slid …
• 9 April

  Masterpass Coming to Phillips 66 App and other Digital Transactions News briefs from 4/9/18

  

  Mi9 Retail, a vendor of point-of-sale software, announced an integration that will allow merchants to process transactions through payments provider Adyen’s platform. Mi9 serves more than 450 retail businesses globally. Mastercard Inc. said Phillips 66 later this year will integrate Masterpass into the My Phillips 66 app, which will allow …
• 6 April

  Best Buy Customers Have Also Been Caught Up in Vendor Payment Data Breach

  

  Count Best Buy Co. Inc. as another unwilling member of the [24]7.ai Inc. breach that has yielded customer payment information already from Sears Holdings Inc. and Delta Air Lines Inc. In a statement released Thursday, Best Buy disclosed that an unspecified number of customers were affected when the online chat …
• 6 April

  Is Amazon Mulling a P2P Payment Function for Its Alexa Voice Commerce Service?

  

  The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …
• 6 April

  Fattmerchant Signs eConduit Deal and other Digital Transactions News briefs from 4/6/18

  

  Merchant processor Fattmerchant said its payments services will be available for clients of eConduit, which provides cloud-based connectivity for point-of-sale terminals used with POS systems, through sales partners. Dallas Fort Worth International Airport has begun a program that allows users to select a parking space online and prepay for it …
• 6 April

  Many Merchants Expected To Erase Signature Requirements From Their Checkout Counters

  

  Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …
• 5 April

  Eye on Payment Data: Delta, Sears Experience Breaches and ControlScan Debuts a PCI Compliance Service

  

  A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …
• 5 April

  Tabletop POS System Provider E la Carte Changes Its Name to Presto

  

  In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …
• 5 April

  New York Asks Card Brands About Gun Sales and other Digital Transactions News briefs from 4/5/18

  

  New York’s comptroller, who oversees the state’s public pension funds, last week sent letters to the four general-purpose card networks, three of the nation’s biggest banks, and First Data Corp. and Worldpay Inc. asking them to assess whether gun sales should be considered restricted high-risk purchases, Bloomberg reported. New York’s letter comes …