Digital Transactions Authoritative, insightful and timely information for payments professionals
• Lengthy negotiations for some large contract renewals caused payments software and processing provider ACI Worldwide Inc. to reduce its 2016 financial guidance; the company posted third-quarter revenues of $217 million, down 9% from a year earlier, and a loss of $9.83 million compared with net income of $14.8 million …
Read More »Mobile Continues To Grow at Starbucks, but Rewards Program Change Triggers Questions
By Jim Daly@DTPaymentNews Mobile payments now account for 25% of transactions at Starbucks Corp.’s U.S. locations, up from 20% a year ago, but a recent 1% decline in transactions had Starbucks executives fielding questions from analysts Thursday about what caused the slippage. Nothing to worry about, folks, was the message …
Read More »CardFlight Strikes Reseller Deal and other Digital Transactions News briefs
• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …
Read More »Apple Pay Online And a Messenger Integration Hold Promise for a Growing Shopify
By John Stewart @DTPaymentNews Shopify Inc. reported on Wednesday that it is starting to see positive response from its very recent moves to adopt Messenger for their users. Besides the Apple Pay and Messenger initiatives, Shopify also launched a new app in September that the company says allows merchants to …
Read More »Digital Transactions November 2016
http://www.nxtbook.com/nxtbooks/dt/201611/
Read More »Kohl’s Pay: A Marriage of Payments and Offers in One Wallet
Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch last month of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …
Read More »Only One Direction for ATM Fees: Up
Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by ATM deployers and a consumer’s own bank total $4.57, up 5 cents, or 1.1%, from a year ago, a …
Read More »A Year Later, Most Consumers Are Still Confused About EMV
A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan LLC and conducted by Research …
Read More »Machine Learning Gets Hot, While Mobile Apps Cool off
While the payments business is caught up these days in working out strategies for mobile apps and social media, it turns out these aren’t the cutting-edge technologies they once were. Instead, fields like virtual reality, machine learning, and natural language are winning the spotlight. That’s according to a study that …
Read More »With a Sharp Rise Already in Online Fraud Attacks, Look for a Worrisome Holiday Season
By John Stewart @DTPaymentNews If the payments industry is expecting a sharp rise in online fraud, it can stop holding its breath. It’s already happening, and with the official holiday-shopping season getting under way, it’s going to get a lot worse. Yet, just as attacks are growing more numerous, funding …
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