Digital Transactions Authoritative, insightful and timely information for payments professionals
• JPMorgan Chase & Co. signed the Best Buy Co. Inc. electronics chain to accept the Chase Pay mobile app in its nearly 1,400 stores, on its site, and in-app. Chase Pay is live with some e-commerce merchants and is expected to become available in stores and in-app later in the year. A member of the Merchant Customer Exchange LLC mobile-payments consortium, Best Buy last year began accepting Apple Inc.’s Apple Pay mobile wallet.
• The 3dcart shopping-cart software has become part of Amazon.com Inc.’s Global Partner Program, allowing it to integrate with Amazon Payments’ quick checkout capability. Pay with Amazon allows more than 285 million Amazon customers to pay on non-Amazon Web sites with their Amazon accounts, according to Amazon.
• Declaring “it’s open season on hotels,” Security Validation LLC has introduced SecValSecure through its SecValMSP subsidiary. Intended for property managers, the new security software seeks to protect payment applications themselves from fraud attacks rather than host computer systems.
• College students greatly underestimate how much they would have to pay to retrieve their data after a ransomware attack, according to a survey by security firm Webroot. The survey revealed students would pay around $50, while ransomware attackers typically collect $500 to $1,000. In a ransomware attack, hackers encrypt a user’s data and demand payment to deliver a decryption key.
• Mozido Inc., a financial and marketing services company, named Vince Padula its executive vice president of product and development. Padula previously worked at IBM, Dell, and Intel.
• A survey by prepaid card program manager Blackhawk Network Holdings Inc. shows increasing popularity for digital gift cards. While 89% of consumers surveyed said they bought at least one plastic gift card in the past year, some 71% of those buyers said they bought at least one digital card.
• Private-label card specialist Alliance Data Systems Corp. announced it now offers instant issuing of EMV chip cards.
