Digital Transactions Authoritative, insightful and timely information for payments professionals
Merchants using CardFlight Inc.’s mobile point-of-sale app can now use a service called SwipeSimple Customers to help manage their customer data, card-on-file data, and payments, CardFlight announced Tuesday. Among the new features are the ability to create and maintain a customer database with an option to store payment card details …
October, 2018
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9 October
USA Technologies Could Be Delisted and other Digital Transactions News briefs from 10/9/18
Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need …
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8 October
COMMENTARY: Millennials, Check-Fraud Scams, and Three Practical Solutions: Part I
In the 2002 Oscar-nominated movie “Catch Me if You Can,” the audience meets one of the greatest con artists of the 1960s, Frank Abagnale (played by Leonardo DiCaprio). In addition to faking his identity and several professions (e.g., airline pilot, surgeon), Abagnale cashed over $2.5 million worth of forged checks …
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8 October
Small Merchants Are Generating Bigger Payment Volumes, Analysis Finds
Small merchants are generating more payment volume, and health-care providers handily outlive restaurants and bars in their relationships with merchant acquirers, according to a new analysis from The Strawhecker Group. Data from the Omaha, Neb.-based consulting and research firm’s Acquiring Industry Metrics service shows that the average small and mid-size …
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8 October
M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18
Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …
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5 October
COMMENTARY: How Square’s Platform Makes Ho-Hum Products Unique
Last week payment processor Square Inc. announced its Square Installments service which provides loans of up to $10,000 to customers of its merchant clients. Like all similar services, it splits a consumer’s repayment of large purchases into fixed monthly amounts. Installment solutions are not unique in payments, far from it. But …
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5 October
Carr’s Co-Defendant Settles SEC Insider-Trading Allegations for Nearly $529,000
The co-defendant in the Securities and Exchange Commission’s insider-trading lawsuit against former Heartland Payment Systems Inc. chief executive Robert O. Carr will pay $528,608 to the SEC under a settlement approved Thursday by a federal judge. Katherine M. Hanratty, described as Carr’s long-time girlfriend, neither admitted nor denied the SEC’s …
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5 October
Apple Pay Outranks Other Mobile Wallets Among Debit Card Users
Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the …
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5 October
Carr Co-Defendant Settles With SEC and other Digital Transactions News briefs from 10/5/18
Priority Payment Systems LLC said it is making an online installment-payment service from Sezzle available to its merchants. Sezzle pays the merchant in full, upfront, and assumes all repayment risk. A little more than one week into its managed-payments program, eBay Inc. reported it is working on adding PayPal as …
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4 October
Getting Contactless Right Demands a Lot of Basic Blocking And Tackling, Expert Panel Says
It’s no secret contactless payments have struggled in the United States, but less discussed is what needs to be done to boost usage. A paucity of dual-interface cards—EMV plastic that can either be inserted into terminals or tapped on them—is much to blame, but it turns out the answer goes …
