Digital Transactions Authoritative, insightful and timely information for payments professionals
American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …
September, 2019
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25 September
ATM Deployers’ Suit Against Visa and Mastercard Resumes With Class-Certification Request
One of the longest-running antitrust lawsuits in the payments industry is getting into gear again with a new request by independent ATM deployers for class certification in their action against Visa Inc. and Mastercard Inc. The National ATM Council Inc. (NAC) trade group and 13 ATM independent sales organizations originally …
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25 September
In This Mega Merger Landscape, Is Your ISO with a Processor or a Partner? What To Ask and Why It Matters
By: John Newton, Vice President of Sales, Strategic Partner Channel, First American Mega mergers have created enormous financial technology companies with scope and reach that far exceed the needs of a traditional ISO channel. As a result, ISOs are now just one of many drivers of new merchant acquisition and …
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25 September
As Fraud Attempts Increase, So Do the Costs of Mitigating Them
More types of retailers and e-commerce merchants are facing more fraud attempts as the number of attacks increased for every merchant type covered in the 2019 True Cost of Fraud report issued Tuesday by LexisNexis Risk Solutions. And with the growth comes an increase in the cost to counter the …
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25 September
Transcend: North American Bancard’s Premiere Payment Conference
We’ve all been to sales conferences before. Good ones, and not so good ones. When North American Bancard first started talking about hosting a Sales Partner conference, there were a number of elements that went into the planning and positioning the conference. NAB wanted to not just have another sales …
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25 September
Square Drops Longstanding 2.75% POS Pricing for a Percentage-Plus-Fee Plan
Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …
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25 September
PayPal Fined in iZettle Deal and other Digital Transactions News briefs from 9/25/19
The United Kingdom’s Competition and Markets Authority fined PayPal Holdings Inc. £250,000 ($309,700) in connection with PayPal’s $2.2 billion acquisition of Sweden-based processor iZettle AB last year; the regulator said PayPal violated an order not to integrate its U.K. business with iZettle during an investigation by cross-selling services to U.K. consumers. PayPal said it …
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24 September
Eye on Data Security: High Risk for Insurers; Another Round of Attacks on Click2Gov
A new analysis says insurance companies are particularly vulnerable to e-commerce fraud, and a recent report says a second round of data breaches has occurred at cities that use the Click2Gov application for payment of utility bills, parking tickets, and related municipal payments. It’s practically an iron law that as …
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24 September
Sales Focus May Be ISOs’ Best Asset As They Court ISVs And VARs
Merchant-services companies may already have the best tool for courting independent software vendors and software developers. It’s the sales model. That’s the word from a panel at last week’s Western States Acquirers Association conference in Rancho Mirage, Calif. Many payment providers are looking to integrated payments, often an integral part …
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24 September
P97’s C-Store Payments Deal and other Digital Transactions News briefs from 9/24/19
P97 Networks, a mobile-payments and content provider for gas pumps, partnered with WannLynx, which supports in-store and at-the-pump video and other content for fueling stations, to enable payments as well as discounts, coupons, and other loyalty programs for convenience stores and gas stations.Brex, a startup that creates corporate card programs …
