Sunday , November 24, 2024

Digital Transactions News staff

Benefits and Risks of Remote Deposit Capture and other Digital Transactions News briefs

• PayPal Holdings Inc. plans to cease operations in Turkey in the next week because financial regulators there rejected its license applications, apparently because it does not keep its IT systems in Turkey, Fortune reported. • Some 88% of 400 respondents to a RemoteDepositCapture.com poll about risk said the benefits …

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Diebold’s Wincor Nixdorf Deal Moves Ahead and other Digital Transactions News briefs

• Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …

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Samsung Pay mini May Be in Development and other Digital Transactions News briefs

• Samsung Electronics Co. Ltd. is planning to launch an app in South Korea that will streamline online payments for users of Samsung Pay, Reuters reported, citing a report in the Electronic Times. The app, dubbed Samsung Pay mini, will also be compatible with all Android and Apple Inc. devices, …

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Cabela’s Using Ingenico Encryption and other Digital Transactions News briefs

• The number of merchants accepting chip cards increased to 1.4 million as of April 30, according to new data from MasterCard Inc. That’s a 17% increase from 1.2 million MasterCard reported in March. MasterCard also says 68% of all U.S.-issued MasterCard-branded consumer credit cards have an EMV chip. The …

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Issuer Group Disputes Merchants’ Durbin Claims and other Digital Transactions News briefs

• The Texas Attorney General’s office and PayPal Holdings Inc. last week settled the office’s allegations that PayPal’s Venmo person-to-person payments service compromised customers’ privacy and security; PayPal agreed to improve disclosures, ensure that Venmo users know who can see their transaction information, and pay the state $175,000. “We are …

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Todd Clark Leaves Star for Co-Op Position and other Digital Transactions News briefs

• Wells Fargo & Co. announced its Wells Fargo Wallet will launch this summer and be incorporated into the banking giant’s mobile-banking app for Android devices, giving customers the ability to make contactless near-field communication payments directly from the app. The app, developed in-house, also will work at Wells Fargo …

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Heartland Debuts Restaurant Data Service and other Digital Transactions News briefs

• Merchant processor Heartland Payment Systems introduced Heartland Insights, a data and analytics service for restaurants that relies on the company’s point-of-sale and e-commerce solutions. Heartland recently became part of rival processor Global Payments Inc. • Canadian payments provider Beanstream expanded its service to U.S. merchants and integrated partners with …

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Plastc Adds NFC Capability and other Digital Transactions News briefs

• Total System Services Inc. (TSYS) said it is integrating a machine-learning engine from Featurespace that will allow the processor to generate real-time decisions on individual consumers. TSYS says the speedier fraud-control processing will help prepare its clients for the arrival of real-time payments. • Plastc Inc., which markets a …

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Samsung Pay Now Supports Loyalty Cards and other Digital Transactions News briefs

• Fitness-band vendor Fitbit Inc. has acquired the wearable-payments assets of Coin in a deal that closed May 12 and includes relevant personnel and intellectual property. Terms were not disclosed. Coin, which was part of a wearable-payments initiative announced earlier this year by MasterCard Inc., is best-known for a device that …

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Breezeworks Pairs With Square and other Digital Transactions News briefs

• Visa Inc. announced its Visa Checkout digital wallet now has more than 12 million consumer accounts and is offered by more than 675 financial institutions in 16 countries. “Hundreds of thousands” of merchants now use the platform, Visa said, making Checkout one of the fastest-growing consumer products in the …

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