Digital Transactions Authoritative, insightful and timely information for payments professionals
The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.Ternio LLC said it has cut the minimum balance on its …
January, 2020
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9 January
Some Fraudsters Are Emphasizing Quality in Their Attacks, Security Firm Says
So-called sophisticated attacks monitored by Mastercard Inc. subsidiary NuData Security jumped 430% in late 2019, with fraudsters deploying more human-aided online attacks rather than fully automated ones in order to fool the defenders. Those findings come from NuData’s “2019: Fraud Risk at a Glance” report released Thursday. NuData is a …
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9 January
A New Beetle Debuts and other Digital Transactions News briefs from 1/9/20
Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …
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8 January
Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance
For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …
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8 January
15 Campuses Adding Google Pay Support for Student IDs
College and university payment and identity-services provider Transact Campus Inc. announced it is adding support for Google Pay, enabling eligible students to use Google Pay on campus. Phoenix-based Transact Campus said its Transact Mobile Credential for Google Pay, which is the mobile-payment app on most Android smart phones, will be …
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8 January
Gift Card Spending Doubles and other Digital Transactions News briefs from 1/8/20
Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …
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7 January
Square Raises Its Price for Instant and Same-Day Transfers to 1.5%
In its latest pricing change, Square Inc. disclosed Tuesday that it will raise the cost of instant and same-day transfers from its merchants’ Square balances to their bank accounts to 1.5% per transfer from the previous rate of 1%. The change, announced on Square’s blog, took effect Tuesday for new …
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7 January
Fingerprint ID Dominates Authentication, But Facial Recognition Is Growing Fast
With payments fraud growing every year, the pressure is on in markets worldwide to adopt more sophisticated technology to verify the identity of mobile users. Against that backdrop, the winning technology is fingerprint recognition, with facial-recognition systems presenting a fast-growing alternative, according to the latest study from United Kingdom-based Juniper …
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7 January
Uber Adds Public-Transit Payment Option in Las Vegas
After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …
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7 January
MyPinPad Gets Added PCI Certification and other Digital Transactions News briefs from 1/7/20
MyPinPad, a provider of technology enabling PIN entry on off-the-shelf mobile devices, said it has been granted certification from the PCI Security Standards Council for its software-based PIN entry on a Commercial off-the-shelf (SPoC) product for iOS.Shift4 Payments Inc., which filed for a proposed public offering in December, said it completed certification …
