Thursday , November 7, 2024

Digital Transactions News staff

Data Breaches Continue To Cost Target and Home Depot a Bundle

Target Corp. reported Wednesday that expenses stemming from the big data breach it disclosed 11 months ago now total $248 million. The Home Depot Inc., meanwhile, said Tuesday that the data breach it disclosed in September cost it $28 million on a pre-tax basis in its recently ended third quarter. …

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The U.S. Marshals Service Plans Its Second Bitcoin Auction, This One Worth $19.2 Million

The U.S. Marshals Service held its first auction of bitcoins in June, and now it’s planning an even bigger one for Dec. 4. Like the June 27 auction, the 50,000 bitcoins to be auctioned by sealed bid were seized in October 2013 from Ross Ulbricht, the alleged operator of the …

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First Data Plans Update for TransArmor That Will Bring Tokens to Sellers Regardless of Acquirer Ties

  First Data Corp. will update its TransArmor tokenization service in 2015 to make it platform-agnostic, while expanding the number of sales channels it is available through, says a First Data executive. Launched in 2010, TransArmor provides merchants a way to mask sensitive cardholder data by replacing them with a …

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While Google Wallet Is Ditching Digital Goods, It’s Likely to Stick with Other Markets

Google Inc.’s decision to kill its application programming interface for digital-goods sales may have more to do with the expense and complexity of the market than with any underlying strategy to retreat from the digital-wallet business overall, experts say. Google on Thursday announced it will shut down the 2-year-old API …

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Smart Phone and Tablet Users Use Weak Security Measures: Report

  Consumers using smart phones and tablets based on Android, iOS and Windows Mobile operating systems tend to have lax security measures in place, finds a report commissioned by authentication vendor Nok Nok Labs. Google Inc. developed Android. Apple Inc. created iOS for its mobile devices, and Microsoft Corp. owns Windows …

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For the First Time, Consumer Use of Mobile To Buy Physical Goods Exceeds 50%, Report Says

  In the past 12 months, 51% of consumers purchased a physical good using a mobile phone, the highest percentage in five years, potentially signaling a greater propensity for consumer adoption of mobile wallets, according to a new report from Javelin Strategy & Research. That is up from 45% in …

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BitPay’s Mobile Wallet App Features One-Tap Payment

Bitcoin merchant-services provider BitPay Inc. has launched an app to enable one-tap Bitcoin payment at the point of sale. Dubbed Bitcoin Checkout, the app is available now for smart phones and tablets using Android. An iOS version is planned for Apple Inc. devices. The app, when loaded onto a smart phone …

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MasterCard To Expand Its DataCash Gateway Services With TNS Acquisition

By Jim Daly MasterCard Inc. announced Thursday that it has a deal to buy gateway businesses from TNS Inc. that will expand the global footprint of its DataCash e-commerce subsidiary. Terms of the deal, which is expected to close by year’s end, were not disclosed. The sale includes two units …

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First Data’s Clover Adds Mobile Functionality to Hit the Aisles

First Data Corp.’s Clover point-of-sale system now is available in a mobile version that enables merchants to roam their store aisles with the device. Dubbed Clover Mobile, the service can be paired with the stationary Clover Station or used as a standalone service, First Data says. Like Clover Station, Clover …

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