Tuesday , December 24, 2024

Fraud & Security

Transit App Gets Onboard and other Digital Transactions News briefs from 1/18/21

The Berks Area Regional Transportation Authority in Reading, Pa., will launch its Go Mobile payment app Jan. 26, allowing riders to use a mobile device to pay for bus fares and passes. The app was developed by Modeshift Inc., a specialist in technology for transit agencies.Bestpass, a processor of toll payments for …

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With a New ACH Rule Looming, Open Banking Takes on Added Urgency

Online account debiting has grown in usage and prominence as consumers and businesses turn to e-commerce in the face of the coronavirus pandemic. But now many businesses are reckoning with a rule that will take effect in March that requires sellers using the automated clearing house to perform more rigorous …

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Givingli Picks Blackhawk for Digital Gift Cards and other Digital Transactions News briefs from 1/15/21

Givingli Inc., an app provider for virtual greeting cards and gifts, will use the Blackhawk Network platform to allow app users to send digital gift cards.Gateway NMI outlined its 2021 ambitions, including launching a tap-on-phone solution that will build on its recent partnership with Mastercard Inc.’s Cloud Tap on Phone.Gamber-Johnson LLC, a maker of mounting …

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Vanco Acquires SmartcareOS and other Digital Transactions News briefs from 1/14/21

Vanco Payment Solutions Inc., a payments provider specializing in the educational and faith-based sectors, said it acquired SmartcareOS LLC, a software provider for child-care centers. Terms were not announced.Entrust Corp., a provider of technology for identity, payments, and data protection, announced it acquired HyTrust Inc., a vendor of data-encryption, key …

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COMMENTARY: PCI And EMVCo Have No Business Setting Standards

Standards are the prerogative of the International Organization for Standardization (ISO) for most industries around the world. According to ISO, “ISO standards are internationally agreed by experts” and “should be thought of as a formula that describes the best way of doing something.”  Unfortunately, the roles of ISO and its …

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Another Bank Joins TCH Real Time Payments and other Digital Transactions News briefs from 1/12/21

Wells River Bank has agreed to join the Real Time Payments network operated by The Clearing House Payments Co. LLC. The bank will connect to the network through the Shazam EFT network’s Shazam Pay faster-payments gateway.Payments provider Lightspeed POS Inc. launched its Lightspeed Supplier Network, a platform aimed at North American merchants to …

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How Its Deal for Kount Lets Equifax Reinforce Its Capabilities Against Online Fraud

With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …

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NCR Acquires Freshop and other Digital Transactions News briefs from 1/7/21

NCR Corp. said it acquired Freshop, a grocery e-commerce services provider. Terms were not disclosed. NCR estimates that buy online, pick up in store shopping will increase 25% per year through 2025.Payment Alliance International said it acquired the ATM portfolio of B & B Music & Video, consisting of 580 company-owned and …

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E-Commerce Sales up 49% This Fall from 2019 and other Digital Transactions News briefs from 12/28/20

Retail sales, excluding the automotive and gasoline categories, grew 3% in the Oct. 11 to Dec. 24 period year-over-year, according to Mastercard SpendingPulse. E-commerce sales volume grew 49% in the same period compared to the year-ago period.Some Walmart stores in north Alabama stopped accepting credit cards when the stores’ Internet service failed owing …

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Why ControlScan Sold Itself in Separate Deals To PDI And Sysnet

ControlScan Inc., a major provider of PCI compliance and security services, has sold its business in two separate deals to Professional Datasolutions Inc. and Sysnet Global Solutions, respectively. PDI has purchased ControlScan’s Managed Security Services unit and Sysnet has acquired the company’s Managed Compliance Services Unit.  Sysnet also acquired the …

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Digital Transactions