Monday , November 25, 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.

NFC-Equipped POS Terminals Will Reach 112.3 Million by 2022, a Forecast Predicts

Expect more point-of-sale terminals equipped with near-field communication capability over the next four years as the market is forecasted to grow at a 15.6% compound annual growth rate through 2022, says Berg Insight, a Sweden-based research firm. By the end of 2017, POS terminal makers had shipped an estimated 24.7 …

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Ethiopian Airlines Adopts a Platform From Carrier-Payment Specialist Cellpoint Mobile

Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …

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A Low-Friction Online Payment Button Debuts To Aid Nonprofits And Journalism Sites

LaterPay Inc. released its LaterPay button as a tool to decrease payment friction, especially for nonprofit organizations and journalism sites, the company announced Thursday. Munich-based LaterPay, which has a U.S. office in New York City, says the button is designed to be a low-friction way to enable consumers to make …

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Account Takeovers And Digital-Goods Fraud Attacks Show No Signs of Abating

Merchants selling digital goods were dealt a heavy blow last year as the fraud rate for the category soared 167%, finds the Fraud Attack Index from online-fraud prevention specialist Forter and the Merchant Risk Council, a merchant group that addresses fraud prevention. Released Tuesday, the index also found that account …

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A Consumer Survey Yields More Indications That Zelle Is Catching Up to Venmo

Zelle’s gestation as a favored person-to-person payments service may be nearing fulfillment. A new survey from LendEDU finds that, nine months after its June 2017 debut, more consumers had become aware of the bank-backed service. In 2017, only 6.1% had heard of Zelle. By the time of the survey, that …

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ACH-Based GasBuddy Payment Service Marks 300,000-Plus Users

GasBuddy LLC, the fuel-price comparison service, said Monday more than 300,000 U.S. drivers have enrolled in Pay with GasBuddy, its fuel-discount program that uses the automated clearing house for transactions. Launched last year, Pay with GasBuddy connects a consumer’s checking account with a GasBuddy-issued card. After enrolling in the service …

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As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile

By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …

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Worldpay Tests Dynamic CVV Cards in Anticipation of Broader Availability

Worldpay Inc. is adding another tool for financial institutions in their efforts to curtail the pricey and nuisance-laden aftereffects of rampant data breaches. The company’s solution comes in the form of credit and debit cards that use a dynamic card-verification value. Cincinnati-based Worldpay is testing the Motion Code-enabled credit and …

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Vinyl Lovers Find An Easier Payments Experience With Discogs Payments

Discogs, a Web site and app that’s on a mission to build a comprehensive music database and marketplace, launched Discogs Payments this week for its U.S. online buyers and sellers of vinyl records and CDs. The integrated checkout, backed by Adyen, a Netherlands-based processor, is in addition to a system …

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Splitit Adds a Salesforce Commerce Cloud Integration

Installment-payment specialist Splitit said retailers using the Salesforce Commerce Cloud can now offer the Splitit payment option via an integration into the Salesforce platform. Announced Wednesday, the integration enables merchants to offer an installment-payment option. Upon checkout, the consumer taps the Splitit button at participating Web sites. She is presented …

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