Microsoft Corp. will stop supporting its Windows 7 operating system next January, and that’s set off the latest dash by ATM deployers to convert to the next OS while there’s still time. For most deployers, that’s Windows 10, but some might be in a better position to meet the deadline …
Read More »Cyberint Warns About Prime Day Threat Traffic and other Digital Transactions News briefs from 7/12/19
Likening Amazon Prime Day, which takes place July 15-16, to Black Friday and Cyber Monday, threat-detection firm Cyberint warns that so-called threat traffic will run 30% higher than usual in the days leading up to, including, and shortly after Prime Day, in line with the volume experienced during the holiday …
Read More »Facing a Big Jump in U.S. CNP Fraud, Retailers Turn to Automated Tools
With merchants facing a projected 16.4% increase in U.S. card-not-present fraud by 2021, many are relying more and more on automated screening tools to cull bad transactions from the pile of good ones. That’s the assessment from Aite Group Inc. in its report, “The E-Commerce Conundrum: Balancing False Declines and …
Read More »How IDs Invented out of Whole Cloth Have Become a Fast-Growing Scourge in Payments
Synthetic identity fraud has become the fastest-growing and one of the most difficult financial crimes to detect in the United States, says a white paper released this week by the Federal Reserve. Lenders in the United States lost $6 billion to synthetic identity fraud in 2016, with the average chargeoff …
Read More »Priority Unit Joins Billtrust Network and other Digital Transactions News briefs from 7/11/19
Business-to-business payments specialist Billtrust said Priority Commercial Payments, a unit of Priority Technology Holdings Inc., joined the Billtrust Business Payments Network. Mastercard Inc. said it is collaborating with OpenText, an enterprise information-management firm, on a business payments service and initially is targeting the automotive industry. Mastercard also said it is …
Read More »Can New Tech And New Rules Finally Stop the Plague of Mounting Chargebacks?
Visa Inc. and Mastercard Inc. may be making significant progress in their bid to simplify and speed their aged and cumbersome chargeback processes through automation, rules changes, and some key acquisitions, experts contend. The biggest gains in chargeback efficiency are expected to come when Visa and Mastercard launch real-time communications …
Read More »Visa Contactless Payments Scores at Women’s World Cup Venues and other Digital Transactions News briefs from 7/5/19
Visa Inc. released data indicating 51% of all purchases across nine stadiums in France hosting the group stage of the FIFA Women’s World Cup France 2019 were done with contactless cards or devices, including wearables and smart phones. The group stage of the soccer tournament ran from June 7 to …
Read More »Adyen Adds Interac Debit on Mobile and other Digital Transactions News briefs from 7/3/19
Online and point-of-sale payments provider Adyen added Interac Debit on Mobile as a payment method for Canadian merchants. The method allows merchants to accept payments through Canada’s national Interac debit network via Apple Pay or Google Pay. Adyen added that it has expanded its agreement with on-demand delivery service foodora …
Read More »Datacap Picks up a Gateway and other Digital Transactions News briefs from 7/2/19
Point-of-sale middleware vendor Datacap Systems Inc. announced it has acquired the NETePay Hosted payment gateway from Octopi (formerly Monetary.co). Terms were not released. NCR Corp. acquired privately held D3 Technology Inc., a provider of online and mobile-banking applications for large financial institutions. Terms of the deal were not disclosed. A …
Read More »Visa Agrees to Buy Verifi As Payments Players Wrestle With Rising Chargebacks
Visa Inc. on Friday announced it will buy Verifi Inc., a 14-year-old, Los Angeles-based provider of tools that allow merchants, acquirers, and issuers to resolve chargebacks. Visa, which did not announce terms for the deal, said it will integrate Verifi’s technology with risk-management capabilities from CyberSource and CardinalCommerce, companies the …
Read More »