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April, 2018

• 23 April

  Are Masterpass and Visa Checkout Doomed by the New Shared Buy Button?

  

  Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …
• 19 April

  Advice From a Veteran ISO Exec: Build Scale Fast, And Be Ready to Work With—Or Buy—ISVs

  

  The twin imperatives for independent sales organizations these days are to get bigger fast and to collaborate with independent software vendors, Todd Linden, chief executive of Paysafe North America, tells Digital Transactions News. Linden, a veteran acquiring-industry executive, should know. Paysafe North America’s parent company, London-based Paysafe Holdings UK Ltd., …
• 19 April

  Nearly Two-Thirds of Global POS Card Transactions Now Involve EMV Chip Cards and Terminals

  

  Boosted by the rapid rise of chip card payments in Asia and the United States, more than half of general-purpose credit and debit cards worldwide now have an EMV chip, EMVCo reported Thursday. Plus, nearly two-thirds of card-present transactions now involve an EMV card being read by a point-of-sale terminal that …
• 17 April

  China and Venezuela Lead in E-Commerce Fraud Attacks, Experian Reports

  

  Russia gets a bad rap because of its notorious hackers, but more U.S. e-commerce fraud originates from China and Venezuela than Russia, according to a new report from Experian plc. Experian, which is based in Dublin, Ireland, but has large U.S. businesses in credit reports and marketing and data services, …
• 12 April

  Trump’s Proposed Tariffs on Chinese Goods Could Raise Prices for POS Equipment

  

  President Donald Trump’s proposed 25% tariffs on about 1,300 Chinese products worth $50 billion have the merchant-acquiring industry worried. The Electronic Transactions Association, a national payments-industry trade group, joined more than 100 other organizations in signing a letter to the House Ways and Means Committee leadership expressing their “deep concern” …
• 10 April

  New Verizon Report Sheds Light on Hospitality-Industry Data Breaches

  

  Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …
• 9 April

  Apps Will Be a Major Force in Payments For Years to Come, a Report Argues

  

  Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …
• 4 April

  Chicago Commuter-Rail Agency Will End Online Ticket Sales in Part To Avoid PCI Costs

  

  Metra, the commuter-rail agency in the Chicago area, will cease selling tickets on its Web site in late June, partly to avoid payment card security expenses. Riders, however, will still have a mobile-ticketing option through the Chicago Transit Authority’s Ventra fare system. Metra, which operates 11 transit lines and carries …

March, 2018

• 28 March

  Canadians Embrace Contactless Payments, but Are Cautious About Other New Payment Forms

  

  Canadians are now quite comfortable with contactless payments, but they view other new payment forms cautiously, according to new findings from Visa Inc.’s Canadian unit. Some 52% of 1,000 adults polled in February for Toronto-based Visa Canada said they are regular users of contactless cards. Also, 80% of respondents said …
• 19 March

  With Same-Day ACH Fully Phased in, NACHA Plans Higher Limits and Other Enhancements

  

  With the third and final phase of same-day automated clearing house payment processing now in effect, ACH governing body NACHA is turning its attention to improving the program through higher transaction limits, adding a later processing window, and other changes. Same-day ACH transactions currently are capped at $25,000. Herndon, Va.-based …