Digital Transactions Authoritative, insightful and timely information for payments professionals
Apple Inc. said Apple Cash users can now send Instant Transfer payments to Mastercard Inc. debit cards, reported 9to5mac.com. The service had been compatible only with Visa Inc. debit cards prior to Thursday’s announcement. Apple also said it is charging a 1.5% fee for Instant Transfer transactions, up from 1%. Instant Transfer …
August, 2021
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5 August
Credential Stuffing Remains Fraudsters’ Favored Form of Attack, Says Arkose Labs
Credential stuffing hasn’t lost its appeal as a favored form of attack for criminals looking to commit account fraud, says a report from San Francisco-based fraud-prevention technology provider Arkose Labs detailing fraud trends during the first half of 2021. Credential stuffing accounted for 285 million attacks during the first half of …
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5 August
Shift4 Looks to a Revamped Restaurant Platform As It Racks up a Strong Second Quarter
Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …
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5 August
In-Store Sales up 15.5% and other Digital Transactions News briefs from 8/5/21
Mastercard Inc. said in its latest SpendingPulse report in-store shopping ballooned 15.5% in July over July 2020 and accounted for 81.9% of total retail sales, excluding automotive. E-commerce sales for the month were up 6.1% from last year, but up 77.7% from July 2019.Payments-technology provider ACI Worldwide Inc. announced an expanded agreement with …
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4 August
Data Breaches Are Down, But the Severity of the Attacks Is on the Rise
Data breaches declined sharply during the first half of 2021, says a report from Risked Based Security Inc. The number of publicly reported data breaches during the first six months of 2021 totaled 1,767, down 24% from the same period in 2020. At the same time, the number of sensitive …
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4 August
Cashless Payments Via Clover Will Greet Returning Chelsea Fans
Fiserv Inc. will field more than 200 Clover point-of-sale devices and handheld Clover Flex devices in Stamford Bridge, the home stadium of England’s Chelsea Football Club, as the processor continues to champion contactless payments. Announced Wednesday, the debut of the Clover devices in the stadium means attendees will be able …
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4 August
EVO Revenue up 30% and other Digital Transactions News briefs from 8/4/21
Payments provider EVO Payments Inc. reported a 30% increase in revenue year-over-year to $122.2 million for the second quarter. For the first half of the year, revenue totaled $228.4 million, up 11%. The company processed 1.03 billion transactions for the quarter, up 35%.Feedzai Inc., an anti-fraud technology provider serving the payments industry, …
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3 August
Make Call Center Payments Easy with Virtual Terminal
By Sherrie Bryant, Marketing Director, Exact Payments Providing fast, convenient customer service is fundamental to successful call center management. However, consumers continually seem to raise the bar as their behaviors evolve. At one time, convenience meant enabling customers to call rather than drive to a physical location to make purchases, …
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3 August
Sezzle’s Deal With BigCommerce Signals BNPL Is Now Table Stakes For E-Commerce Platforms
On the heels of Square Inc.’s acquisition of Afterpay Ltd., other buy now, pay later providers are jockeying to boost their position in the hotly competitive BNPL market. Sezzle Inc. struck a deal Tuesday with e-commerce platform BigCommerce Holdings Inc. to become its preferred BNPL partner. BigCommerce will integrate Sezzle …
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3 August
FIS Logs a Record Performance in the June Quarter As Merchant Volume Balloons
Led by robust growth in its merchant-processing unit, FIS Inc. Tuesday morning heralded a strong second quarter, with record sales and with momentum continuing deeper into the summer, according to the Jacksonville, Fla.-based company’s top executives. Speaking to equity analysts to discuss the company’s second-quarter results, management also outlined a …