Digital Transactions Authoritative, insightful and timely information for payments professionals
The ATM made its U.S. debut 50 years ago, and a half-century later the future of cash and cash-dependent industries like ATMs is the subject of intense debate in industry forums and at city halls and state capitols. Chemical Bank, now part of JPMorgan Chase & Co., installed the first …
September, 2019
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3 September
CellPoint Mobile Changes Its Name and other Digital Transactions News briefs from 9/3/19
Travel-payments and services specialist CellPoint Mobile changed its name to CellPoint Digital and created two omnichannel units. Velocity is the payment platform and Voyage manages promotions, sales, payments, and customer self-service across all digital channels.ICBA Bancard, a unit of the Independent Community Bankers of America, launched the ICBA Bancard Digital Payments Strategy …
August, 2019
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30 August
Data Security And Privacy Matter Most to Online Shoppers Globally, Survey Shows
Shoppers around the world value privacy and security most when buying online, and are most likely to abandon a shopping cart simply because they’ve changed their mind about buying the product—not so much because of factors like long delivery times or non-acceptance of preferred payment methods. These are among the …
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30 August
U.S. House Committee To Hold Faster Payments Hearing and other Digital Transactions News briefs from 8/30/19
The U.S. House of Representatives’ Task Force on Financial Technology will hold a hearing Sept. 26 on “The Future of Real-Time Payments.” The task force was created in May by U.S. Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee.Housecall Pro, a software platform for home-service technicians, launched My …
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30 August
Stricter Visa Rules for Trial Offers and Promotions To Take Effect Next Year
The card networks’ crackdown on negative-option billing and subscriptions with free trials is continuing, with stricter policies from Visa Inc. set to take effect April 18. The updated Visa rules will follow by a year tightened rules from Mastercard Inc. on negative-option billers. These are billers who, after getting a consumer …
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29 August
Could Online Sports Betting And U.S. Football Prove a Toxic Mix for Payments Firms?
The imminent arrival of the NFL season, coupled with a U.S. Supreme Court decision last year that leaves legalized sports betting up to the states, could sack payments firms’ efforts to control fraud, observers warn. The professional football season kicks off Sept. 5 and is widely expected to draw strong …
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29 August
Discover Expands Acceptance Network and other Digital Transactions News briefs from 8/29/19
Discover Global Network signed an agreement with Credit Mutuel Arkea to allow Arkea Group merchants in France and Europe to accept Discover, Diners Club International, and allied issuers’ transactions.Ingenico Group’s e-commerce division, Ingenico ePayments, said it will provide payments services to Yoozoo Games, a game development and distribution company.Barclaycard, a unit of …
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28 August
Eye on Digital Commerce: Google Wallet Beyond Payments; W3C’s Payment Form Goes Live
Alphabet Inc.’s Google subsidiary is adding more services to its Google Wallet for Android mobile devices, and Google’s Chrome Web browser now supports a common e-commerce payment form for merchants that is expected to be integrated into the other major browsers too. United Airlines Inc. in May became the first …
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28 August
AnywhereCommerce Alleges Square Infringed Patents on Tech Linking Readers to Mobile Devices
(This story has been updated to include a statement from Square). Square Inc. is often seen as the exemplar of technology that lets small merchants process card transactions via a simple reader linked to a mobile device. But now a rival point-of-sale technology provider has sued Square alleging that the …
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28 August
Web Site Infections Found and other Digital Transactions News briefs from 8/28/19
Arxan Technologies, an application-security provider, said research it commissioned from Aite Group found 80 e-commerce sites that were actively compromised by groups using Magecart card-skimming technology. Magecart can infect e-commerce sites, without detection for long periods, and steal personal and financial information.Fitbit Inc. launched a new smart watch, Fitbit Versa 2, …
