Digital Transactions Authoritative, insightful and timely information for payments professionals
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, …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »Gateway Charge Anywhere Discloses a Breach Affecting Undisclosed Number of Credit and Debit Cards
Chalk another payment-card data breach up for the bad guys. Payment gateway Charge Anywhere LLC announced Tuesday it discovered a breach of its payments network. It says it has shut down the malware that caused it. South Plainfield, N.J.-based Charge Anywhere said the malicious software, which was discovered Sept. …
Read More »Chick-fil-A Serves Up a Mobile Payment And Ordering App
Fast-food restaurant chain Chick-fil-A Inc. has jumped into the mobile-payments frying pan with the debut Monday of a mobile payment and ordering app. Atlanta-based Chick-fil-A says the app, available for iOS and Android smart phones, can be used for mobile ordering at 130 Chick-fil-A restaurants in Atlanta, Chicago, Houston, …
Read More »