Digital Transactions Authoritative, insightful and timely information for payments professionals
Web registrar GoDaddy Inc. continued its push into payments Monday by adding Apple Inc.’s Tap to Pay on iPhone to the GoDaddy Mobile App. The inclusion of Tap to Pay on the GoDaddy app will enable small businesses to accept contactless payments on an iPhone without a dongle. Merchants need …
April, 2023
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17 April
Early Warning Reports Double-Digit Volume Growth in the First Quarter
Early Warning Services LLC Monday morning issued a report from its chief executive reporting significant first-quarter growth for the company’s Zelle peer-to-peer payments network and underscoring efforts by EWS, owned by seven of the nation’s biggest banks, to combat fraud and scams. Though the report, signed by four-year CEO Al …
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17 April
NCR Investigates a Ransomware Attack And Other Digital Transactions News briefs from 4/17/23
NCR Corp. said it is investigating a ransomware incident affecting one of its data centers and its Aloha cloud-based services for the hospitality industry. Its ATM, digital banking, payments and other retail services are not impacted. Huntington National Bank said it has extended Huntington ChoicePay to payments in higher education and business services. …
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14 April
Chargebacks911 Responds to Allegations it Undermined Chargeback Disputes
Responding to allegations by the Federal Trade Commission and Florida’s attorney general that it used multiple techniques to prevent consumers from winning chargeback disputes, chargeback-management company Chargebacks911 on Friday released a statement saying the charges are unfounded. The FTC and Florida attorney general Ashley Moody sued Chargebacks911 on Wednesday alleging …
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14 April
Will Visa’s 3% Surcharge Cap, Set for April 15, Push Merchants to Cash Discounts?
Visa Inc. is poised to lower on Saturday the amount a merchant can surcharge for transactions on its credit cards from a maximum of 4% to 3%, a move it announced early this year. Some observers acknowledge the reduction will happen, though Visa Inc. has not responded to Digital Transactions …
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14 April
Affirm Extends Stripe Agreement to Canada And Other Digital Transactions News briefs from 4/14/23
Buy now, pay later provider Affirm Inc. said it is extending to Canada its processing agreement with payments platform Stripe Inc. Payments fintech Alacriti said it will provide identity verification for real-time payments through fraud-solutions provider Socure. Payments-technology provider Central Payments renewed an agreement with Galileo Financial Technologies LLC to process for Central’s Open*CP Fintech API …
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13 April
Eye On Real-Time Payments: Go-Live-Faster Enables a 90-day Integration; SouthState Bank Joins FedNow
With real-time payments quickly becoming a reality for the U.S. payments market, smaller financial institutions are scrambling to adopt the necessary technology. That in turn is creating opportunities for a wide range of technology companies. The fintech Go-Live Faster says it will launch what it bills as a solution that …
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13 April
As P2P Transfers Rise Via Apps, Visa Responds With an Interoperability Play
The payments industry continues to reckon with the myriad ways the pandemic has permanently reshaped how people pay businesses and other people. One key example is how individuals are paying each other compared to just a couple of years ago, and how payment networks are responding. In just the two …
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13 April
Data Breaches Drop 13% And Other Digital Transactions News briefs from 4/13/23
The number of reported data compromises totaled 445 in the first quarter, a 13% decrease from the previous quarter, according to the latest report from the Identity Theft Resource Center. The number of victims decreased 64% in the same period. Health care breaches, at 81, led the quarter followed by financial services …
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12 April
How Fiserv Clients Are Gearing up to Pilot FedNow
Fiserv Inc. announced Wednesday that Salem Five, a Salem, Mass.-based mutual savings bank, is piloting FedNow, the Federal Reserve System’s real-time payments network, which is expected to launch in July. In addition to Salem Five, nearly 20 financial institutions, including Peoples Bank and Mediaoplis, Iowa-based Mediapolis Savings Bank, have signed …
