Friday , November 8, 2024

Digital Transactions News staff

Apple Pay Cash Use at 3% for Younger Users and other Digital Transactions News briefs from 2/28/18

ZipfWorks Inc., owner of online coupon code site Dealspotr.com, released the results of a mobile-payments survey that found that 15% of consumers between 18 and 35 years old used Apple Pay while shopping online. Ten percent of this age group used Apple Pay in a store. It also found that …

Read More »

Ingenico Launches POS Device for SMBs and other Digital Transactions News briefs from 2/27/18

Liberal members of the U.S. Supreme Court sharply questioned American Express Co.’s lawyer during oral arguments Monday for a major case involving a challenge to AmEx’s anti-steering rules for its merchants, Reuters reported. A group of 11 states led by Ohio alleges the rules violate antitrust laws and is challenging …

Read More »

Mastercard Triples Engage Vendors and other Digital Transactions News briefs from 2/26/18

Point-of-sale equipment maker Ingenico Group said it has begun integrating Google Pay Smart Tap into its POS terminals in the United Kingdom, enabling Google Pay users to transmit their loyalty information, coupons, and offer redemptions in a single tap along with the payment. Ingenico said this is the first step …

Read More »

Paying a Price in Mobile Security and other Digital Transactions News briefs from 2/23/18

In the wake of the Florida school shooting, First National Bank of Omaha has said it will not renew an agreement it has with the National Rifle Association to issue a cobranded Visa card. American Express Co. said its cardholders can now use their Membership Rewards points to order items …

Read More »

Fit Pay’s Flip Preorders Start and other Digital Transactions News briefs from 2/22/18

The number of Apple Pay users globally increased an estimated 104.8% in a year, from 62 million in 2016 to 127 million in 2017, Loup Ventures, a research-driven venture-capital firm, said. Only an estimated 16% of global iPhone users have activated Apple Pay, the firm said, which added that it is …

Read More »

WEX Notes Transactions Growth and other Digital Transactions News briefs from 2/21/18

ATM network owner and operator Cardtronics plc said fourth-quarter 2017 ATM operating revenues rose 18% year-over-year to $346.2 million, but net income declined 36% to $16 million. The company also said more than 100 financial institutions and 6 million cards were added to its Allpoint surcharge-free network in 2017. Fleet-fueling …

Read More »

NthCard Launches Gift Card POS App and other Digital Transactions News briefs from 2/20/18

NthCard LLC, a prepaid gift card processing and distribution firm, launched nthPOS, an app for Android, iOS, and Windows 10 devices that enables merchants to activate, redeem, and reload gift cards using a mobile phone or tablet. Fraud-management vendor Giact Systems LLC announced it and Advanced Fraud Solutions are offering a …

Read More »

Wire Fraud-Prevention Firm Debuts and other Digital Transactions News briefs from 2/19/18

BuyerDocs has been formed to secure wires for down payments made by home buyers from hacking, phishing, imposters, and spoofing. Wire fraud plundered approximately $1 billion from the real-estate industry in 2017, the company says. The Smart Payment Association and payment card manufacturer CPI Card Group Inc. announced that CPI …

Read More »

POS Malware Hides in Plain Sight; 18 Senators Vs. Jeff Sessions; Plus Weekly Recap from 2/16/18

The cryptocurrency Litecoin was still riding high Friday morning following a mid-week announcement that a new entity called LitePay Inc. will provide merchant processing in 41 countries, including the United States, starting Feb. 26. As of mid-morning, Litecoin traded at $220, up 38% from $160 at noon Tuesday. Also this …

Read More »

U.S. Bank To Pay $613 Million in Penalties and other Digital Transactions News briefs from 2/15/18

The Accredited Standards Committee X9 Inc. and the PCI Security Standards Council announced they will jointly develop a unified PIN-security standard. Currently each organization maintains a separate standard for PIN use, which could result in an entity being subject to one or both of the existing standards. The joint effort …

Read More »
Digital Transactions