Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart @DTPaymentNews The U.S. election is just 24 hours away, but if it were up to the readers of Digital Transactions News, Donald Trump would be the next President of the United States. He’d be bound for the Oval Office, however, with a very weak mandate. Republican candidate …
November, 2016
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7 November
Transcending Transactions: Infinite Peripherals, Inc. (IPC) Delivers Speed and Efficiency to the Box Office.
The traditional box office needed a serious refresh when it came to funneling large crowds through the gates quickly and efficiently. The same outdated model was problematic for all venues including music festivals, concert halls, museums and sporting events. Since many venues employ volunteers or part-time workers, the challenge …
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7 November
First Data Reports an Easing in Its Small-Merchant Attrition Rate
By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …
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7 November
QR Codes Favored for Coupons and other Digital Transactions News briefs
• In yet another event related to payment card data security at hotels, Sentinel Hotel announced it is investigating an incident involving cards used at its front desks after receiving reports from some of its guests of unauthorized charges. • While 22% of consumers overall prefer to receive coupons through …
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4 November
Card Controls Evolving as More Precise Controls Emerge
By Kevin Woodward@DTPaymentNews Card controls, a way to empower consumers to control when and where their credit and debit cards are used, are evolving. Viewed as one way to contend with the rampant data breaches fueling payment fraud, card controls are moving beyond the simple on-off switching capability of the …
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4 November
Payments Disunity Impairs Marijuana Businesses and other Digital Transactions News briefs
• A Colorado State University management professor and a Ph.D. student in finance at the University of Utah co-wrote a blog post saying that the “legal incoherence” in federal policy regarding financial services for legal marijuana businesses is hurting an otherwise fast-growing industry that in Colorado alone generated nearly $1 …
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3 November
‘Historically Very Secure,’ PIN Debit Loses Some of Its Luster As Net Fraud Losses Rise
By John Stewart @DTPaymentNews Debit card transactions with PIN authentication have historically been seen as the most secure form of payment available, but lately some experts have had cause to wonder. In fact, while credit card fraud losses are declining, losses on PIN debit transactions for payment and at ATMs …
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3 November
Walmart Signs up To Accept Chase Pay in 2017, Online, In-Store, And In-App
By Kevin Woodward@DTPaymentNews Add Wal-Mart Stores Inc. to the list of merchants that will accept Chase Pay transactions. JPMorgan Chase & Co., backer of the nascent Chase Pay mobile wallet, says the massive retailer will begin accepting the bank’s payment service in more than 5,000 Walmart and Sam’s Club stores, …
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3 November
Mitek Revenues Increase 23% and other Digital Transactions News briefs
• Lengthy negotiations for some large contract renewals caused payments software and processing provider ACI Worldwide Inc. to reduce its 2016 financial guidance; the company posted third-quarter revenues of $217 million, down 9% from a year earlier, and a loss of $9.83 million compared with net income of $14.8 million …
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3 November
Mobile Continues To Grow at Starbucks, but Rewards Program Change Triggers Questions
By Jim Daly@DTPaymentNews Mobile payments now account for 25% of transactions at Starbucks Corp.’s U.S. locations, up from 20% a year ago, but a recent 1% decline in transactions had Starbucks executives fielding questions from analysts Thursday about what caused the slippage. Nothing to worry about, folks, was the message …