Digital Transactions Authoritative, insightful and timely information for payments professionals
Online criminals are not that much unlike honest consumers in adopting mobile Web sites and apps as their favored channels with retailers and financial services. The evidence is that attack rates via mobile sites increased 56% in the latter half of 2019, according to the LexisNexis Risk Solutions Cybercrime Report …
March, 2020
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9 March
SurchX Sold to InterPrivate and other Digital Transactions News briefs from 3/9/20
Private-equity firm InterPrivate LLC announced the acquisition of SurchX, a payments provider offering surcharging programs. SurchX was renamed InterPayments. Terms were not disclosed.ParTech Inc., a subsidiary of PAR Technology Corp., announced an application programming interface integration with eTouchMenu, a digital-menu provider, and ParTech’s Brink POS software.Priority Payment Systems, a subsidiary of …
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6 March
How the Coronavirus Scare Is Leading Some Experts to Look for a Boost in Contactless Payments
The global coronavirus scare has prompted a number of warnings that could end up benefiting electronic payments, particularly contactless transactions. Authorities ranging from the World Health Organization to doctors in local practices have warned this week about the risks of handling paper currency, and some have also cautioned against touching …
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6 March
Square’s Dorsey Reconsidering His Africa Relocation and other Digital Transactions New briefs from 3/6/20
Jack Dorsey, the co-founder and chief executive of Twitter Inc. who also is the CEO of merchant processor Square Inc., told an investor conference he is reconsidering his plan to spend much of his time this year in Africa because of Covid-19, the coronavirus, “and everything else going on,” Bloomberg …
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6 March
COMMENTARY: Why Trust Is the Future of Fraud Prevention
“Can I trust you?” The ability to answer this seemingly simple question can help online merchants stop fraud and increase sales like never before. In fact, it’s a question that we at Kount answer billions of times per year for our customers. In today’s digital world, fraud-prevention solutions use artificial …
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5 March
Knowing the latest on PCI-DSS Compliance
PCI-DSS has been an official standard since 2004 and over the last 16 years has guided payment solutions developers and the merchants in protecting card holder data. With every breach the security standards respond and strengthen so it’s important to stay at the forefront of the latest requirements and remain …
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5 March
USA Technologies’ Proxy Puts Three of Its Challenger’s Director Nominees on Its Own Slate
Annual stockholder meetings usually are staid affairs involving such exciting matters as appointing a company’s auditing firm, but the upcoming meeting for vending machine payments provider USA Technologies Inc. could be a real barn burner. The months-long battle between Malvern, Pa.-based USAT’s management and board on the one side and …
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5 March
Perk Adds Alipay Support and other Digital Transactions News briefs from 3/5/20
Perk Labs Inc. announced an agreement with Alipay that will enable Alipay users to make payments on the Perk platform.EVO Payments Inc. said it will offer the Nexgo Inc. N5 Android smart point-of-sale terminal.Certemy Inc., a professional certification and licensing management platform, introduced new payment gateway options, including Stripe Inc., PayPal Holdings Inc., …
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5 March
Keeping Merchants PCI-Compliant Is Becoming Tougher, Survey Finds
Independent sales organizations are increasing their use of non-compliance fees for merchants that don’t adhere to PCI Security Standards Council requirements, with 23% of ISOs surveyed for the ControlScan/MAC 2020 Acquiring Trends Report saying they assess these fees. That’s up from the historic range of 17% to 18%. The report, …
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4 March
Cardlytics Goes in Reverse as Payments Stocks Join a Broader Market Rebound
In the wake of a weaker-than-expected outlook and a sudden CEO change, share prices for card-linked marketing-services provider Cardlytics Inc. plunged Wednesday even as other payments companies surged with the broader markets that had tanked Tuesday on fears of the coronavirus. As of late morning, Atlanta-based Cardlytics’ stock was going …
