Digital Transactions Authoritative, insightful and timely information for payments professionals
The Electronic Transactions Association launched the ETA Self-Regulation Program, which aims to improve security and reduce risk in the payments industry by identifying and acknowledging underwriters via an attestation process. Merchant processor Global Payments Inc. completed its previously announced $700 million acquisition of medical software provider AdvancedMD. Payments provider CCBill …
September, 2018
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4 September
Eye on M&A: Elavon Buys Electronic Transaction Systems; FIS Sells Certegy Check Services
Merchant acquirer Elavon Inc. has acquired Electronic Transactions Systems Corp., an independent sales organization and business-software provider, Elavon parent company U.S. Bancorp announced Tuesday. Another payment processor, Fidelity National Information Services Inc. (FIS), also reported Tuesday that it sold the assets of its Certegy Check Services unit to a private-equity …
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4 September
Allied Wallet Releases Gateway API Tools and other Digital Transactions News briefs from 9/4/18
Yardi, a payment service for property managers, introduced a feature in its Yardi Bill Pay service that lets managers make payments using single-use Mastercard virtual card numbers issued by Fifth Third Bank. Allied Wallet released what it said are new open application programming interface tools for its payment gateway, NextGen. …
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3 September
Fingerprint Scanning Will Have to Move Over for Facial And Voice ID, Research Says
With mobile-payments volume increasing while confidence in passwords slumps, researchers are predicting big growth for mobile authentication via biometric technology such as facial or voice recognition. In one forecast, from the United Kingdom-based firm Juniper Research, the number of mobile users authenticating themselves by such technology will grow over the …
August, 2018
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31 August
Adyen Touts Its 3-D Secure 2.0 Service As “First” to Market
The first commercial implementation of 3-D Secure 2.0, an online fraud-prevention tool, appears to be here. Processor Adyen N.V. announced Friday the launch of its 3DS 2.0 service, claiming it is the first to be available to merchants. 3-D Secure 2.0 is an EMVCo-maintained standard that aims to curb online …
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31 August
Mangum Leaving Global Payments and other Digital Transactions News briefs from 8/31/18
Processor Global Payments Inc. announced its president and chief operating officer, David Mangum, plans to leave. No details were immediately available about why or when Mangum will depart. Chief executive Jeff Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August …
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30 August
True Believers Insist Blockchain And Cryptocurrencies Will Take Over the World
The panelists were not subtle in assessing the future of digital currencies and the decentralized blockchain technology behind them. “Cryptocurrencies and blockchain will take over the world, it will be a bigger impact on the world than the Internet,” said investment banker Dennis O’Neill, chief executive of Chicago-based O’Neill Capital …
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30 August
First It Was Trading Through Cash App. Now Square Patents a Network for Crypto Acceptance
The business of getting merchants to accept cryptocurrencies like Bitcoin has started to attract independent sales organizations and payments-tech firms alike, and now Square Inc. has jumped in with a proposed service that some experts say could help the payments-technology powerhouse grab a share of online volume. The U.S. Patent …
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30 August
U.S. EMV Merchant Locations Grew by 400,000 in 2018’s First Half, Visa Data Show
Approximately 400,000 U.S. merchant locations began accepting EMV chip cards in 2018’s first six months, according to new data from Visa Inc. In its latest report on the U.S. conversion from magnetic-stripe payment cards to the EMV standard, Visa on Wednesday said 3.1 million merchant locations accepted the new cards …
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30 August
The Key to Your ISO’s Success
Every day, fintech companies invest in their product offerings, attempting to stay on par with rapidly advancing payment and point of sale technologies; but there is oftentimes an oversight when it comes to making that same investment in support and service. While continuous product development is vital to all of …
