Friday , January 10, 2025

Acquiring

Outspoken Merchant Advocate Mallory Duncan of the NRF To Retire

Mallory Duncan, senior vice president and general counsel of the National Retail Federation and one of the most outspoken advocates for merchants on payments issues, announced Thursday that he will retire at the end of August. “Whether you’re appealing to the Supreme Court, testifying before Congress or meeting at the …

Read More »

GlobalOnePay Expands UnionPay Service and other Digital Transactions News briefs

• Payment technology provider VeriFone Systems Inc. said it has integrated with the AirportConnect Common Use Payment Service from SITA, the big information-technology and communications specialist serving the air-transport industry, to bring electronic payment acceptance for multiple airlines and ground handlers at airport check-in desks, kiosks and bag drops via a …

Read More »

Choke Point Figure Moves On and other Digital Transactions News briefs

• Juniper Research released a study estimating retailers globally will sustain $71 billion in card-not-present fraud over the next five years. The firm cites the U.S. move to EMV and “delays” in the arrival of the 3D Secure 2.0 protocol among the reasons for the forecasted losses. • Michael S. Blume, …

Read More »

Visa, Mastercard Reach Surcharging Settlement in Canada

Canadian merchants that accept Visa Inc. and Mastercard Inc. credit cards soon will be able to add a surcharge to some transactions following a settlement reached this week. The settlement, which stems from a 2011 class-action lawsuit against Visa, Mastercard, and a number of card-issuing banks alleging excessive fees, calls …

Read More »

FICO Releases Card Compromise Manager and other Digital Transactions News briefs

• Cavendish Asset Management, the biggest investor in mobile-banking and payments technology provider Monitise plc, said it will vote against the planned buyout of Monitise by Fiserv Inc. because the U.S. financial-institution processor’s $89 million offer is too low, Reuters reported. • Fair Issac Corp. (FICO) released the FICO Card Compromise Manager, a service …

Read More »

Gilbarco Announces the First U.S. EMV Chip Card Transaction From a Fuel Pump

The U.S. conversion to EMV chip card payments took a step forward Thursday when fuel-pump maker Gilbarco Veeder-Root announced what it says is the first EMV chip card transaction from a fuel dispenser. The transaction took place at a 49 Fuels gas station in Burlington, N.C., at an undisclosed time. …

Read More »

How Involuntary Churn Threatens the Growing Subscription Payments Model

The allure of subscription payments has captured the fancy of merchants and payments companies alike, but churn—the loss of a paying customer—may not only affect revenue, but hamper innovation, finds “The Art and Science of Reducing Involuntary Subscriber Churn” report released Wednesday by Digital River Inc. The report, which canvassed …

Read More »

North American Bancard Adds Partner and other Digital Transactions News briefs

• Amazon.com Inc. introduced Prime Reload, a service that lets Amazon Prime members earn a 2% reward when they reload their Amazon Gift Card balance with a debit card. The reward is added to the gift card balance. Users must give Amazon their debit card, bank-account, and bank-routing numbers when they …

Read More »

Retailer Selects POS System with Ingenico Devices and other Digital Transactions News briefs

• Processors Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree, and Priority Commercial Payments have become the first companies to receive approval from Visa Inc.’s Visa Ready for Business Solutions program, which helps technology companies integrate with Visa’s business-to-business payments services. • In related news, Visa announced it will be equipping the stadiums …

Read More »

Payments Fraud Expected To Increase and other Digital Transactions News briefs

• The Zelle person-to-person payments network announced its service will go live in the mobile-banking apps of more than 30 financial institutions beginning this week and continuing over the next 12 months. The coverage will include more than 86 million mobile-banking consumers, Zelle said, adding that more than 51 million transactions totaling more …

Read More »
Digital Transactions