Digital Transactions Authoritative, insightful and timely information for payments professionals
• Rite Aid Corp. announced that American Express Co. cardholders now can use their Membership Rewards points for purchases at its drugstores. They also can use their Plenti points earned using the AmEx-backed coalition rewards service • Growth in consumer revolving credit cooled off to a 5.2% seasonally adjusted annualized rate in …
Read More »Card Controls Evolving as More Precise Controls Emerge
By Kevin Woodward@DTPaymentNews Card controls, a way to empower consumers to control when and where their credit and debit cards are used, are evolving. Viewed as one way to contend with the rampant data breaches fueling payment fraud, card controls are moving beyond the simple on-off switching capability of the …
Read More »‘Historically Very Secure,’ PIN Debit Loses Some of Its Luster As Net Fraud Losses Rise
By John Stewart @DTPaymentNews Debit card transactions with PIN authentication have historically been seen as the most secure form of payment available, but lately some experts have had cause to wonder. In fact, while credit card fraud losses are declining, losses on PIN debit transactions for payment and at ATMs …
Read More »Digital Transactions November 2016
http://www.nxtbook.com/nxtbooks/dt/201611/
Read More »A Year Later, Most Consumers Are Still Confused About EMV
A year into the migration to EMV chip cards, most consumers—83%—still are unsure of whether to dip or swipe their chip-enabled credit or debit cards at the point of sale. That statistic comes from a survey of 1,000 U.S. consumers commissioned by payments specialist Cayan LLC and conducted by Research …
Read More »Machine Learning Gets Hot, While Mobile Apps Cool off
While the payments business is caught up these days in working out strategies for mobile apps and social media, it turns out these aren’t the cutting-edge technologies they once were. Instead, fields like virtual reality, machine learning, and natural language are winning the spotlight. That’s according to a study that …
Read More »A Plug-in From Synchrony Brings Store Cards to Retailers’ Shopping Apps
By John Stewart @DTPaymentNews With consumers spending more and more time on retailers’ shopping apps, it was only a matter of time before merchants with proprietary charge card programs began offering a digitized version of those cards within their apps. On Monday, that time arrived as store card processor Synchrony …
Read More »Visa Sets April 2018 Deadline for European Issuers To Support 3-D Secure Version 2.0
Visa Inc. announced Thursday that credit and debit card issuers in Europe will be the first issuers to adopt Visa’s program for using 3-D Secure 2.0, the impending update to an authentication protocol for online transactions originally introduced more than a decade ago. Visa said certain rules, such as fraud-chargeback …
Read More »Like His Predecessor, Incoming Visa CEO Kelly Looks To Improve Merchant Relations
By Jim Daly@DTPaymentNews Charles Scharf accomplished a lot in less than four years as Visa Inc.’s chief executive—he oversaw Visa’s acquisition of Visa Europe, a groundbreaking peace accord with PayPal Holdings Inc., and a cobranding and acceptance deal with Costco Wholesale Corp., among other things—but one of his unfinished tasks …
Read More »The Post-Costco AmEx Launches a New Rewards Program and Developer Portal
By Jim Daly@DTPaymentNews With American Express Co. set to report its third-quarter financials Wednesday, the payments industry and Wall Street will be watching for signs from the beleaguered travel-and-entertainment giant about how it will recover from the loss of its cobranded card and acceptance relationship with Costco Wholesale Corp. AmEx …
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