Thursday , November 7, 2024

Digital Transactions News staff

Low Forecast for Contactless Mobile Payments Volume in 2019 and other Digital Transactions News briefs from 8/9/19

451 Research projects that contactless mobile payments will control less than 2% of U.S. retail sales in 2019, owing to lack of a “measurably better value proposition” for mobile payments vs. cards, as well as other factors.Chase Bank, a unit of JPMorgan Chase & Co., has canceled all credit card debt for …

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3dcart Adds ClearSale Option and other Digital Transactions News briefs from 8/8/19

ClearSale, an online fraud-prevention provider, said online shopping cart 3dcart will offer ClearSale services to its merchants.Payrailz, a payments provider to banks and credit unions, announced it has launched a credit-union service organization (CUSO) called CU Payz.Payments-technology firm Verrency said it has collaborated with Coinify, a digital-currency payments provider, to allow banks …

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InComm in L.A. Transit Retail Expansion and other Digital Transactions New briefs from 8/7/19

Prepaid card program manager InComm said it is working with the Los Angeles County Metropolitan Transportation Authority to expand from 450 to 2,000 the number of retail locations where riders can buy and reload the transit system’s TAP cards. The expansion is expected to be complete next year.Associated Bank launched a digital checking …

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Apple Card in Limited Release and other Digital Transactions News briefs from 8/6/19

Apple Inc. made its upcoming Apple Card available to the public on a limited basis. The full rollout of the card—which was unveiled in March, is issued by Goldman Sachs Group Inc., and runs on the Mastercard network—is expected later in the month.Automated clearing house network administrator Nacha said it is “committed to working cooperatively …

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Clark Adds ControlScan Services and other Digital Transactions New briefs from 8/5/19

ControlScan expanded its agreement with Clark Brands LLC to offer managed firewall and PCI-compliance services to the petroleum retailer.Installment-payments specialist Klarna, which has processed payments for fashion retailer ASOS in the United Kingdom, extended that relationship to the U.S. market, the companies said.In related news, installment-payment processor Splitit said a survey of more than …

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Square Selling Caviar to DoorDash and other Digital Transactions News briefs from 8/2/19

Square Inc. agreed to sell its Caviar food-delivery service to DoorDash for $410 million in cash and DoorDash preferred stock. Square acquired Caviar in 2014 for a reported $90 million.Montreal-based payment firm Nuvei Technologies completed its acquisition of U.S.-based SafeCharge International Group Ltd. for $889 million; the deal brings to Nuvei technology assets and merchant …

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Warning About Online Skimming and other Digital Transactions News briefs from 8/1/19

The PCI Security Standards Council and Retail & Hospitality ISAC issued a joint bulletin about a growing threat to e-commerce Web sites that the cybersecurity organizations say requires “urgent awareness and attention.” The threat, sometimes dubbed Magecart, involves sites infected with difficult-to-detect malware that skims payment card information during a transaction without …

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100 Million Capital One Accounts Hacked and other Digital Transactions News briefs from 7/30/19

Major credit card issuer Capital One Financial Corp. said it detected a data breach this month in which an intruder gained access to records affecting 100 million persons in the United States and 6 million in Canada. Affected data included such information as names, addresses, Zip Codes, and dates of birth, though …

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Fiserv-First Data Deal Closes and other Digital Transactions News briefs from 7/29/19

Fiserv Inc. formally announced the closing of its $22-billion, all-stock acquisition of processing giant First Data Corp.MagTek Inc. said its DynaPro Go PIN pad now offers Bluetooth LE connectivity. The company also launched its iDynamo 6 mobile card reader that works with iOS, Android, and Windows operating systems.Utah’s Deer Valley Resort said it detected malware on May …

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Worldpay Shareholders OK FIS Merger and other Digital Transactions News briefs from 7/26/19

Shareholders of payment processor Worldpay Inc. this week voted overwhelmingly in favor of the company’s planned merger with Fidelity National Information Services Inc., which is expected to close in the third quarter.The Bancorp Inc., owner of The Bancorp Bank, a major prepaid card issuer, reported gross dollar volume on the bank’s prepaid cards …

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