Wednesday , December 11, 2024

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

ISO Startup Blue Star Hopes Ties to NFL’s Dallas Cowboys Will Boost Its Prospects

The National Football League’s Dallas Cowboys organization is lending its name recognition to a new merchant-services company, Blue Star Payment Solutions. Frisco, Texas-based Blue Star intends to build its brand based on its affiliation with the Dallas Cowboys as one of the companies owned by the Jones family, says Jerry …

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Bitcoin Exchange Bitstamp Shuts Down While It Sorts out Effects of a $5.2 Million Breach

A breach Jan. 4 at Bitcoin exchange Bitstamp resulted in the loss of approximately $5.2 million worth of the digital currency and caused the exchange to shut down while it sorts out the after-effects. That’s according to notes posted to Bitstamp’s Web site Monday and Tuesday. The breach targeted one …

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Retail Groups Blast ‘Inaccuracies’ And ‘Misrepresentations’ in ICBA Release

Retailer organizations are lambasting an Independent Community Bankers of America survey that blamed retailers for breach costs that totaled $90 million at The Home Depot Inc. this year. In a letter to the ICBA and bearing Monday’s date, the chief executives of the Retail Industry Leaders Association, National Retail Federation, …

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Payments Exec Tom Wimsett in Gateway Deal With Private-Equity Firm

  Former National Processing Co. chief executive Tom Wimsett, now head of consulting firm Wimsett & Co. LLC, has teamed up with private-equity firm Thompson Street Capital Partners to buy EchoSat Communication, a payment-gateway company. EchoSat, based in Lexington, Ky., targets petroleum marketers and convenience stores. According to EchoSat’s Web …

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As Merchants Add Digital Goods, They Must Adapt Their Anti-Fraud Efforts, Expert Warns

Digital goods have matured way past ringtones for a mobile phone. And with that, merchants need to adapt their anti-fraud measures, suggests LexisNexis, a Dayton, Ohio-based risk-services company. Today’s consumers are completely comfortable buying books, movies, and apps for the smart phones, tablets, and computers, Aaron Press, LexisNexis Risk Solutions …

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Anti-Fraud Costs Add up Fast, But Are Unknown to Most Merchants, Survey Finds

  Fraud-prevention efforts typically intensify during the holiday-shopping season, but many marketers don’t know what those efforts cost them, finds a survey from 41st Parameter, a data-technology company owned by Experian plc. In a survey of 250 marketers, 60% said they were unsure about the cost of fraud prevention to …

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NCR Silver Adds LevelUp as a Payment And Marketing Option

NCR Corp. has added mobile payment and marketing provider LevelUp as an option for merchants using NCR Silver, NCR’s tablet-based point-of-sale system, NCR announced this week. Duluth, Ga.-based NCR says consumers can pay with LevelUp once merchants activate it as a payment option in NCR Silver. NCR Silver is a …

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VeriFone and First Data Team Up on Integrated POS System Security Effort

  Merchants using integrated point-of-sale systems and that process payments with First Data Corp. have a new data-security option if they use POS terminals made by VeriFone Systems Inc., which goes by Verifone. Atlanta-based First Data is now selling Verifone’s Secure Commerce Architecture service, which eliminates the flow of consumer payment …

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Digital Card Device WocketWallet Shipping by the End of the Year

  Consumers looking for a way to transform their credit, debit, and loyalty cards into electronic versions soon will have a new option with the impending shipment of the WocketWallet. Developed by Shelton, Conn.-based Nxt-ID Inc., Wocket enables consumers to scan information from their payment cards, and other commerce cards, …

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United To Use iPhones as Payment Terminals on Flights

  United Airlines is equipping more than 23,000 flight attendants with Apple Inc.’s iPhone 6 Plus smart phone to be used as a payment-acceptance device on flights. Distribution of the devices is expected to begin in the second quarter. United says the devices will be able to handle most onboard …

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