Friday , November 22, 2024

Digital Transactions News staff

A Token of Appreciation

By Peter Lucas Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over …

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Payment Regulations Aren’t Keeping Payments Safe

There are several reasons why you can’t rely on law and regulation, says Ed Adshead-Grant. Here’s where they fall short and what you should do about it. Initiatives like open banking and faster payments have ushered in a whole new era in the world of business-to-business payments. The industry is …

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Tokens of Appreciation, Indeed

Tokenization is nothing new. Various companies have for years offered the service, which replaces the actual card credentials a thief needs to make illicit purchases—primary account number, card-verification value, expiration date—with a random string of characters for digital transactions. But what is new is that Visa and Mastercard have finally …

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Beyond Payments With Bob Carr

For former Heartland Payment Systems Inc. chief executive Bob Carr, the next venture goes beyond simply making money. Carr led the $4.3 billion sale of his old company to Global Payments Inc. in April 2016. But rather than ride off into a comfortable retirement, Carr is back with his latest …

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Behind the Fraudsters’ Epidemic of Card Testing

When you’ve got something hot like stolen credit card numbers, you have only a brief opportunity to cash in before they go cold. Manually sifting through hundreds, even thousands, of card accounts bought in bulk can take more time than criminals have, which is why they increasingly are relying on …

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It’s Bust-Out Time for Alipay in North America

For the China-based Alipay payments service, pursuing niche merchant markets in North America no longer is good enough. “When we’re looking at partners, we’re looking for ubiquity,” says Souheil Badran, president of Alipay North America. Those partners so far include First Data Corp., which in May opened its huge U.S. …

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Global Payments Supplies Online Car Purchase Tech and other Digital Transactions News briefs

• POS Portal Inc., a point-of-sale equipment distributor, said it is now supplying payment equipment via Retail Realm, a POS software distributor. • Merchant processor Global Payments Inc. said it is providing payment technology for Hyundai Motor UK’s “Click To Buy” platform, which lets consumers buy a car online from any participating …

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Breach Confirmed at Most Chipotle Locations and other Digital Transactions News briefs

• PayRange Inc., which specializes in mobile payments for vending machines, has extended its service to coin-operated laundry machines. The service is available for Speed Queen and Maytag machines, with other makes to come, the company said. • Quick-serve restaurant chain Chipotle Mexican Grill Inc. updated consumers about a breach of its point-of-sale system …

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NAB CEO Offers Details on TMS Acquisition and other Digital Transactions News briefs

• North American Bancard Holdings Inc. and Total Merchant Services Inc. will retain their unique brands and products in the immediate future following NAB’s acquisition of TMS, said NAB chief executive Marc Gardner. NAB announced the TMS acquisition last week. “The TMS brand will remain intact, its sales staff remains as …

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