Digital Transactions Authoritative, insightful and timely information for payments professionals

November, 2016

• 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, …
• 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 …
• 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 …
• 2 November

  Apple Pay Online And a Messenger Integration Hold Promise for a Growing Shopify

  

  By John Stewart @DTPaymentNews Shopify Inc. reported on Wednesday that it is starting to see positive response from its very recent moves to adopt Messenger for their users. Besides the Apple Pay and Messenger initiatives, Shopify also launched a new app in September that the company says allows merchants to …
• 2 November

  CardFlight Strikes Reseller Deal and other Digital Transactions News briefs

  • Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …
• 1 November

  A Year Later, Most Consumers Are Still Confused About EMV

  

  A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan LLC and conducted by Research …
• 1 November

  Machine Learning Gets Hot, While Mobile Apps Cool off

  

  While the payments business is caught up these days in working out strategies for mobile apps and social media, it turns out these aren’t the cutting-edge technologies they once were. Instead, fields like virtual reality, machine learning, and natural language are winning the spotlight. That’s according to a study that …
• 1 November

  Though More Consumers Shop in Stores, Most Research Online First: Survey

  

  Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …
• 1 November

  With a Sharp Rise Already in Online Fraud Attacks, Look for a Worrisome Holiday Season

  

  By John Stewart @DTPaymentNews If the payments industry is expecting a sharp rise in online fraud, it can stop holding its breath. It’s already happening, and with the official holiday-shopping season getting under way, it’s going to get a lot worse. Yet, just as attacks are growing more numerous, funding …
• 1 November

  Co-Op Financial Services in Bill Pay Deal and other Digital Transactions News briefs

  • Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …