Digital Transactions Authoritative, insightful and timely information for payments professionals
Small businesses using Square Inc. will be able to use turnkey UPS shipping services integrated into Square Online Store, the acquirer’s e-commerce platform, UPS announced. The Square-UPS deal includes special shipping rates that could be up to 55% off UPS daily rates.Amazon.com Inc. reported it now has more than 150 million Prime members …
January, 2020
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30 January
Visa Gets a Lift From E-Commerce, Contactless Payments, and Tokenization
Improved online payments, tokenization, and contactless transactions all gained ground in 2019’s last three months for Visa Inc. as the network’s payment volume grew 8% year-over-year. Visa reported total U.S. payment volume of $1.06 trillion in its first quarter of fiscal 2020 ended Dec. 31, a 7.8% increase from $980 …
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30 January
Little Good News for Payments Companies in 2019 Data Breach Report
How will 2019 be remembered for data breaches? Not well. The number of U.S. data breaches tracked by the Identity Theft Resource Center increased to 1,473, a 17% increase from 1,257 in 2018. Drilling into the payments sector, the increase was larger, according to a newly released report from the …
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30 January
‘Is Cash Still King?’ and other Digital Transactions News briefs from 1/30/20
The U.S. House of Representatives’ Task Force on Financial Technology held a hearing Thursday morning titled “Is Cash Still King? Reviewing the Rise of Mobile Payments.” Witnesses included representatives from PayPal, the U.S. Faster Payments Council, the Brookings Institute, Consumer Reports, and a New York City non-profit dedicated to financial …
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29 January
Visa Will Be the Network for the New Venmo Card As PayPal Gets Set for Growth in China
News emerged Wednesday from PayPal Holdings Inc.’s earnings call that Visa Inc. will serve as the network for a Venmo credit card PayPal announced in October. This development follows by one week PayPal’s announcement that it has struck a deal with UnionPay, China’s payment card giant, to integrate UnionPay cards …
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29 January
Mastercard Reports Strong Volume Growth, but Is Keeping an Eye on the Coronavirus
Mastercard Inc. on Wednesday reported double-digit growth in fourth-quarter purchase volume and transactions, but reduced economic activity from the Coronavirus that originated in China could put a crimp on growth early this year. “We’ll take this as it comes, one step at a time,” Mastercard chief executive Ajay Banga said …
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29 January
eBay To Expand Payments Program and other Digital Transactions News briefs from 1/29/20
EBay Inc. plans to expand its managed-payments program dramatically starting in the second half of next year, officials said Tuesday. Introduced last year, the program depends on a gateway from Adyen NV and now operates in the United States and Germany. “We will go hard at not only the markets that we’re in …
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28 January
The Apple Card Boosts iPhone Sales While Apple Pay Heads Toward 15 Billion Transactions
The Apple Pay mobile-payments service is generating 15 billion transactions a year, and Apple Inc.’s new Apple Card helped lift sales of the company’s flagship product, the iPhone, Apple chief executive Tim Cook said Tuesday. “For Apple Pay, revenue and transactions more than doubled year-over-year, with a run rate exceeding …
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28 January
What is a security maturity model? And, what does it have to do with PCI DSS compliance?
By: Christoffer Brown, SecureTrust Product Manager A security maturity model is a framework for measuring – you guessed it – the maturity of a security program. A maturity model helps assess the current operational effectiveness of key processes relative to peers and desired maturity goals for entities to understand what …
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28 January
A Service Emerges to Let Online Users Gain Fast Access to Limited Content Via Digital Wallets
Digital solutions for very small payments were a hot topic a decade ago, but now the subject is making a comeback in the publishing business, where a slide in print advertising and other revenue sources is pushing publishers to seek new business in digital access. This week, Piano Software Inc., …
