Thursday , September 19, 2024

Digital Transactions News staff

Remote Fraud Set To Dethrone Counterfeiting

Counterfeiting is still the king of U.S. payment card fraud, according to the Federal Reserve’s recently released Payments Study 2016, but probably not for long thanks in part to the coming of EMV chip cards and the aftereffects of data breaches. Counterfeit fraud accounted for 44% of U.S. payment card …

Read More »

Notes on Loyalty: Apple Pay, USAT, VeriFone, FIS

Payments companies are taking strides toward integrating rewards for everyday purchases into mobile wallets, while making it easier to redeem those rewards at point-of-sale terminals. Last month, vending-payments specialist USA Technologies Inc. said it is integrating its MORE. loyalty platform into Apple Pay. The deal is designed to induce more …

Read More »

iPayment Revises Financial Deal and other Digital Transactions News briefs

• Merchant acquirer Square Inc. announced a promotion that waives processing costs for small businesses on more than $12,000 in Apple Pay charge volume. It will give free processing on Apple Pay transactions for small-business customers that enroll this year in a promotion that includes purchase of Square’s contactless and EMV chip card reader …

Read More »

Green Dot May Be Interested in UniRush and other Digital Transactions News briefs

• Bloomberg reported that prepaid card services provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music-industry entrepreneur behind the rap label Def Jam. • In another possible deal, U.K.-based accounting and payroll software firm Sage Group plc is mulling a sale of its U.S. …

Read More »

More Than 400 Million Visa EMV Cards Issued and other Digital Transactions News briefs

• Coffee giant Starbucks Corp. reported its Mobile Order and Pay feature, which allows customers to order and pay on their mobile phone and then pick up the order later without waiting, accounted for 7% of all transactions in U.S. company-operated stores in the fourth quarter, up from 3% a year earlier. …

Read More »

TSYS in FTC Settlement Talks Over NetSpend and other Digital Transactions News briefs

• Total System Services Inc. (TSYS) reported that it is talking with the Federal Trade Commission to settle the FTC’s November lawsuit accusing TSYS’s NetSpend prepaid card unit of deceptively marketing reloadable prepaid cards. TSYS took a $13 million charge in the fourth quarter in connection with the settlement talks. • Newtek …

Read More »

Tim Hortons Getting Order-Ahead App and other Digital Transactions News briefs

• A survey released by RestaurantOwner.com, a resource enterprise for independent restaurant owners, found that the average cost of a restaurant POS system is $13,344, compared with $18,000 in 2012. Only 10% of the 1,190 respondents said they use pay-at-the-table devices, and only 31% used EMV-compliant systems. • Restaurant Brands International, parent company …

Read More »

Most Pay Bills Online and other Digital Transactions News briefs

• Fifty-six percent of all bills in the U.S. are paid online at a biller, bank, or third-party site, according to data from ACI Worldwide and Aite Group. Of these, 72% are now paid at biller sites. • Digital-payments company Proxama PLC has agreed to provide payments services to clients of payment …

Read More »

DiningData Marks $1 Billion in Processing Volume and other Digital Transactions News briefs

• Processing-software vendor Womply has launched an analytics tool called Retention Intelligence to help acquirers identify merchants likely to leave the portfolio. • A 2-year-old startup called diningData, which processes payments and analyzes data for restaurants, announced it is now handling $1 billion in annual volume. The company is a division of Hadfield …

Read More »
Digital Transactions