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NEWS

Here are the latest stories from Digital Transactions News. For access to all stories published in the newsletter since its inception, you are invited to visit our Archive.



With EMV’s Rise, Debit Card Fraud on Canada’s Interac Network Falls to a New Low
Feb. 26, 2015 - By Jim Daly Counterfeit fraud on Canada’s Interac debit cards fell 45% to a record low in 2014, and 80% of the fraud happened outside of Canada, according to new figures f...

Apple CEO Pronounces Apple Pay’s ‘First Inning’ a Success, but Gives Few Details
Jan. 27, 2015 - By Jim Daly Apple Inc. chief executive Tim Cook said Tuesday afternoon that Apple’s new Apple Pay mobile-payment service is doing well three months after its launch, but h...

Hoping to Avoid ‘Or Else,’ Card Networks and the PCI Council Step Up Compliance Efforts
Jan. 23, 2015 - By Jim Daly The private sector often lives in fear of government regulation, but the payment card industry’s indigenous regulators are piling on new disclosure, monitoring...

Hard Times at Softcard: Mobile-Payments Venture Lays Off 60 Employees
Jan. 11, 2015 - By Jim Daly Softcard, the mobile-payments venture of Verizon Wireless, AT&T Mobility and T-Mobile USA, has laid of 60 employees in a restructuring, according to media re...

The Tally of Payment Cards Compromised in Data Breaches Grew 38% in 2014
Dec. 31, 2014 - By Jim Daly The number of credit and debit cards compromised in data breaches hit 64.4 million in 2014, up 38% from 46.6 million in 2013, according to preliminary figures fr...

New York City Seeks Ideas About Paying Parking Violations Through Mobile Devices
Dec. 28, 2014 - By Digital Transactions News Staff Mobile payments in New York City soon could get access to a large amount of raw material for transactions if a proposal by the ci...

With Holiday Gift Card Sales Wilting, Issuers Will Have to Push Harder, Add Digital
Dec. 17, 2014 - By John Stewart The earliest known example of a closed-loop gift card was offered during the Christmas holiday season in 1916 by Hampton...

NACHA Opens Comment Period for Its New Proposal to Launch Same-Day ACH Settlement
Dec. 9, 2014 - By John Stewart NACHA on Tuesday opened for comment a sweeping proposal to introduce a same-day settlement mechanism for the automated c...

COMMENTARY: Think Apple Pay is the Biggest Thing in Payments? You’re Missing the Poynt
Dec. 8, 2014 - By Rick Oglesby, Double Diamond Payments Research ...

Commentators Want New York’s BitLicense To Be Clear and Ensure a Level Playing Field
Dec. 4, 2014 - By Jim Daly More than 3,700 individuals, groups, and companies have submitted comments regarding New York State’s novel proposal to regulate virtual curr...



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