Processor Fiserv Inc. reported that its Accel debit network has added new transaction-routing options, including the ability to process signature-based transactions. Wal-Mart Stores Inc. is using the new signature service, Fiserv said. Accel also will make signatures optional for merchants beginning in April, as are the four general-purpose card networks. …
Read More »Chenault Joins Another Board and other Digital Transactions News briefs from 1-30-18
UATP, which is owned by and provides payment processing for many of the world’s airlines, said it is now accepted for U.S. ticket purchases on Expedia, Orbitz, and Travelocity. General Catalyst announced that soon-to-retire American Express Co. chief executive Ken Chenault has joined the venture-capital firm as chairman and a …
Read More »Discover Goes for a Ride in San Diego and other Digital Transactions News briefs from 1/29/18
The U.S. Secret Service began warning financial institutions last week about ATM “jackpotting,” in which a machine quickly spits out huge amounts of cash after being physically compromised by organized gangs and infected with a variant of malware first seen in 2013, according to KrebsOnSecurity. Hackers are especially targeting Diebold …
Read More »Your Opinion Counts
What impact might the PCI Security Standards Council’s recently released spec enabling PIN on glass transactions with commercially available, off-the-shelf devices have on mobile point-of-sale equipment sales? http://ow.ly/k2h030i1yQs #payments #survey
Read More »PayNearMe Announces Collaboration and other Digital Transactions News briefs from 1/26/18
• Bill processor Invoice Cloud announced a collaboration with PayNearMe to allow customers to pay bills with cash at participating retail stores, including CVS, 7-Eleven, Family Dollar, Casey’s General Stores, and ACE Cash Express. • The Miami Parking Authority, the municipal parking-management authority for Miami, said drivers had used the …
Read More »Pulse Volumes Increases 19% and other Digital Transactions News briefs from 1/25/18
The Consumer Financial Protection Bureau announced changes to its controversial prepaid accounts rule and extended its effective date by one year, to April 2019. The changes will adjust error-resolution requirements for prepaid card providers and will make it easier for consumers to link credit card accounts to digital wallets, some …
Read More »NationPay Launches and other Digital Transactions News briefs from 1/24/18
Payments provider CCBill LLC completed an integration with DatingPro, which provides software for dating sites. NationPay, a blockchain-based payments startup, announced its launch. Twenty app markets, including Apple’s App Store and Alphabet’s Google Play, are still hosting 661 Bitcoin apps blacklisted by cybersecurity vendors because hackers use them to attempt …
Read More »Smart-Phone Maker OnePlus Confirms Hack and other Digital Transactions News briefs from 1/22/18
China-based smart-phone maker OnePlus, which sells phones in the U.S. and dozens of other countries, confirmed that its Web site was hacked, potentially exposing the credit card information of 40,000 customers as they entered card data on the oneplus.net site between mid-November and Jan. 11. OnePlus said it is notifying …
Read More »BofA Debit Card Volume Increases and other Digital Transactions News briefs from 1/19/18
Bank of America Corp. this week said fourth-quarter purchase volume on its debit cards rose 6% year over year to $77.9 billion. Debit card purchases for all of 2017 totaled $298.6 billion, up 5% from $285.6 billion in 2016. BofA claimed 24.2 million active mobile-banking customers at year’s end, up …
Read More »Visa CEO Calls Bitcoin “Speculative” and other Digital Transactions News briefs from 1/18/18
Visa Inc. CEO Alfred Kelly told CNBC that Bitcoin currently is a “speculative commodity” and not “a payment-system player.” Visa only will process fiat currency transactions, Kelly said at the National Retail Federation’s annual conference this week in New York. Varo Money Inc. said it raised $45 million in a …
Read More »