Digital Transactions Authoritative, insightful and timely information for payments professionals
Global Payments Inc. has become an acquirer for Discover, Diners Club International, and affiliate partner card transactions in Hong Kong and Taiwan. Global Payments already acquires for Discover Financial Services in the United States, United Kingdom, and Canada. A growing trucking industry and a need to control fuel costs helped …
April, 2019
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11 April
Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October
Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk. Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community. Digital Transactions News obtained some of the key new …
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11 April
Blockchain Has a Long Way To Go in Winning Over Computer Professionals, Survey Says
It turns out that the people closest to computer technology are far from sold on blockchain and cryptocurrency. Some 80% of developers, data scientists, and engineers surveyed earlier this year indicated they are not using blockchain at all. Just 13% said they are using non-currency applications of the technology, while …
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11 April
3dcart Enables Online CBD Sales and other Digital Transactions News briefs from 4/11/19
E-commerce services provider 3dcart said it and Fort Point Payments now offer services to enable online sales of CBD products. CBD—short for cannabidiol—is a non-intoxicating extract of marijuana. JPMorgan Chase & Co., which began processing real-time payments about a year ago, is “approaching 1 million transactions per month,” according to …
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10 April
Amazon Go Stores To Accept Cash, Eventually
Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …
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10 April
eBay Adds PayPal to Payments Platform and other Digital Transactions News briefs from 4/10/19
EBay Inc. announced Monday that its managed-payments platform, introduced in September, has now added PayPal on top of Google Pay, Apple Pay, and credit, debit, and gift cards. A report Wednesday, however, indicates PayPal availability is limited. A startup called Obligo said it is enabling renters to make so-called move-in …
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10 April
The Latest AFP Fraud Study Unveils a Surprising Jump in Fraud on the ACH
Which payment method holds the dubious distinction of racking up the fastest growth in fraud last year? According to the latest annual fraud report from the Association for Financial Professionals, it’s debits and credits on the automated clearing house network. In fact, the ACH was the only payment method examined …
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9 April
Retailers Riled up About Regulated Debit Interchange as Authorization Costs Decline
A prominent merchant group says that in the face of declining authorization, clearing, and settlement costs, it is time for the Federal Reserve to lower its regulated debit card interchange rate. The Retail Industry Leaders Association issued its call after the Fed last month released its latest bi-annual study of …
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9 April
Most Full-Service Restaurants Are Frustrated With Their Payments Services, a Survey Finds
Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday. The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was …
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9 April
ACH Fraud up, Says AFP and other Digital Transactions News briefs from 4/9/19
There has been a “noticeable increase” in fraud on credits and debits on the automated clearing house network, according to the latest “Payments Fraud and Control Survey Report” from the Association for Financial Professionals. Some 33% of responding organizations reported ACH debit fraud in 2018, up from 28% in 2017, …
