Digital Transactions Authoritative, insightful and timely information for payments professionals
Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …
Read More »A Deal With Shell Boosts Chase Pay, But the Challenge of Consumer Usage Remains
JPMorgan Chase & Co. is lining up the necessary elements for its Chase Pay mobile service. The bank announced Thursday that more than 14,000 Shell Oil Co. locations potentially could accept the nascent mobile wallet. Chase shared few details, such as when Chase Pay might be accepted at Shell stations, …
Read More »How Account Takeovers Complicate the Battle to Control Fraud on Mobile Wallets
Issuers contending with payment card fraud will have to factor in mobile wallets, especially as the battle to thwart account takeovers intensifies. A majority of issuers—56%—said they cannot further reduce account takeovers without hurting the customer experience, according to a card-issuer fraud study released recently by LexisNexis Risk Solutions and …
Read More »Payments Veteran Khan Says His New Wallet, OmnyPay, Is Nearing Its Retailer Launch
Mobile-wallet provider OmnyPay Inc. is nearing the launch of its white-label service, which includes payments, loyalty, and offers, with a top 30 U.S. retailer. The debut is expected within the next few months. That’s the word from Mohammad Khan, OmnyPay president and cofounder, in an interview with Digital Transactions News. …
Read More »Consumers Want Mobile Payments Everywhere, Survey Finds
Just as consumers have become accustomed to using their credit and debit cards across multiple shopping channels, so too are many expecting the digitized, and mobilized, versions of these cards to mimic that experience. That finding, from 451 Research LLC’s “Mobile Pay and Commerce Advisory Report,” suggests that early adopters …
Read More »Harbortouch Swaps Private-Equity Partners in Deal Valued at $500 Million-Plus
Merchant-services company Harbortouch Payments LLC has a new private-equity investor in a deal valued at more than $500 million. Searchlight Capital Partners L.P. announced Wednesday it made an investment in Allentown, Pa.-based Harbortouch. Jared Isaacman, Harbortouch chief executive and founder, says the deal is valued at more than $500 million, …
Read More »Beanstream’s U.S. Venture Targets ISVs As It Taps Parent Bambora’s Processing Reach
Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …
Read More »MasterCard Reports Growth in EMV Merchants, With a Decline in Counterfeit Fraud
Despite hiccups and hitches along the way, the conversion of the massive and highly fragmented U.S. payment card industry from magnetic-stripe credit and debit cards to ones bearing an EMV chip appears to be moving apace. The latest data from MasterCard Inc. finds the number of merchants accepting chip cards …
Read More »Banks Likely To Emulate Wells Fargo’s Pioneering Payment-Enabled Mobile Wallet
Wells Fargo Bank N.A.’s announcement Tuesday that it would launch a mobile wallet with payments capability built into the Android version of its banking app could be a win for the bank, and herald similar moves by other banks. That’s the assessment from Daniel Van Dyke, an analyst at Javelin …
Read More »New MasterCard CNP Fraud Tool Enlists ISOs, Acquirers as Resellers
Independent sales organizations, merchant acquirers, and payment facilitators catering to small-business owners who have e-commerce sites now can sell them a MasterCard Inc. service to help mitigate the risk associated with card-not-present transactions. MasterCard introduced Simplify Controls Monday, a service that includes an online dashboard and app that enables merchants …
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