Digital Transactions Authoritative, insightful and timely information for payments professionals
Payment gateway Adyen N.V. reported Wednesday that fast-food giant McDonald’s Corp. picked it to handle payments generated on its mobile app in several markets, starting in the United Kingdom. Amsterdam-based Adyen, which has U.S. offices in San Francisco and New York, said in a statement “that it has entered into …
December, 2019
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18 December
On the First Day of Christmas Shopping, the Bots Came to Town in Droves
Bots operated by criminals did more than leave lumps of coal for merchants and consumers this holiday shopping season. During Black Friday week, criminals used mobile devices to create new accounts to mimic new customers and initiate transactions through an established and seemingly genuine account, according to LexisNexis Risk Solutions. …
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18 December
Payrailz To Test Bill Pay Exchange and other Digital Transactions News briefs from 12/18/19
Payrailz LLC, a payments provider for financial institutions, said it will pilot Mastercard Inc.’s Bill Pay Exchange, a real-time bill-payment service.Facebook Inc. and Alphabet Inc.’s Google unit claimed the first and second slots on Dashlane Inc.’s annual list of “worst password offenders” in 2019, Facebook for exposing passwords linked to “hundreds …
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17 December
Software Availability Proves To Be a Drag on Fuel-Pump EMV Upgrades
Upgrading gas pumps to accept EMV chip cards is a complex affair for convenience stores and gas stations that involves installing new card-reading hardware and software, testing, and certifications. Many fuel retailers are expected to miss next October’s automated fuel-dispenser liability shift, and software is proving to be one of …
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17 December
How Startup Processor Paynetworx Is Benefiting—For Now—From ‘Merger Hell’
As 2019 draws to a close, the year’s super mergers in the payments-processing business may be creating super opportunities for startup service providers. That, at any rate, has been the experience so far of acquiring-industry veteran Trent Voigt and his new company, Paynetwork LLC, which does business as Paynetworx. The …
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17 December
Big-Ticket Rejection and other Digital Transactions News briefs from 12/17/19
LexisNexis Risk Solutions released an analysis of transactions and cyberattacks between Nov. 27 and Dec. 3 that found the average shopping cart value rejected as high risk or fraudulent was $329, or 179% higher than the value of legitimate online transactions—$118—in the period.Juniper Research’s latest report forecasts that the installed base of contactless-enabled …
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16 December
Eye on Gas Stations: Networks Reject Delay in EMV Liability Shift; Visa Warns of Malware Attacks
Gas stations and convenience stores won’t be getting an extension of the upcoming October 2020 fuel-pump EMV liability shifts, according to a merchant trade group. Meanwhile, Visa is warning of malware-based attacks against fuel retailers that invade their point-of-sale systems. The major networks have set next October for pumps to …
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16 December
Eye on PayPal: Cross-Border With Citi; Transit Ticketing in Germany
PayPal Holdings Inc.’s latest financial-institution collaboration emerged Monday with news that institutional clients of Citigroup Inc. will be able to make payments directly into PayPal digital wallets globally starting in the first quarter. The arrangement opens up for PayPal Citi’s WorldLink cross-border payments network, which will be used to connect …
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16 December
Clover Adds Recruiting App and other Digital Transactions News briefs from 12/16/19
Point-of-sale payments technology provider Clover, which is owned by Fiserv Inc., added JazzHR, a recruiting app, to its Clover App Market, which is aimed at small businesses.Splitit Payments Ltd., a global provider of point-of-sale installment payments, announced it reached $3 million in merchant sales over the four-day stretch from Black Friday through …
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13 December
Eye on IPOs: Investors Embrace Bill.com; Is Klarna Next?
The term “exceeding expectations” has long been a cliché in corporate America, but it certainly applies to this week’s initial public offering of stock from invoice-management and business-to-business payments provider Bill.com Holdings Inc. Now Sweden-based installment-payments provider Klarna AB, reported to be the most valuable financial-technology provider in Europe and …
