News

May, 2018

• 21 May

  COMMENTARY: Here’s How the Big Card Networks Can Make Their Common Buy Button a Winner

  

  The digital payments innovators used to be Mastercard and Visa, but with the rise of PayPal, it’s been a new game. Then along came Alipay and Apple Pay and many other local or specialized payment methods, making the playing field even more competitive for these card payment platforms. Visa Checkout …
• 21 May

  Plastic Preferred for Vacations and other Digital Transactions News briefs from 5/21/18

  

  Payments industry veteran Dan Henry has been named chairman of 3PEA International Inc., a prepaid card program manager. President and chief executive Mark Newcomer, who co-founded the company and has served as chairman since 2006, will become vice chairman. Henry was until recently chief executive of prepaid card specialist NetSpend, …
• 18 May

  No Time to Lose With The Daunting Task of Securing Payments for the Internet of Things

  

  The proliferation of smart watches, voice commerce, and vehicle-based payments has got merchants abuzz about the potential for making purchases more convenient. But securing these payments is a scattershot affair, with each provider wielding its own protocols, attendees learned at the CNP Expo this week in Orlando, Fla. Payments companies …
• 18 May

  PCI Council Updates A Standard and other Digital Transactions News briefs from 5/18/18

  

  The PCI Security Standards Council issued what it calls a “minor update” to the current version 3.2 of the Payment Card Industry data-security standard. Version 3.2.1 adds no new requirements and is meant to eliminate any confusion regarding effective dates for existing PCI DSS requirements and Secure Socket Layer (SSL) …
• 17 May

  PayPal Is Buying Sweden’s iZettle for $2.2 Billion

  

  In its biggest acquisition yet, PayPal Holdings Inc. is buying Stockholm-based payments firm iZettle AB for $2.2 billion. The San Jose, Calif.-based online payments provider late Thursday confirmed an afternoon of rumors about the pending deal. Jacob de Geer, iZettle’s chief executive and co-founder, will stay on after the acquisition’s …
• 17 May

  Coinstar Adds Amazon.com Option and other Digital Transactions News briefs from 5/17/18

  

  Retail ATM network owner and operator Cardtronics plc said Fifth Third Bank will place its brand on more than 800 Cardtronics ATMs at Speedway LLC convenience stores in Ohio, Indiana, and Kentucky. In related news, Indiana-based German American Bank said it has joined Cardtronics plc’s Allpoint network, giving its customers access …
• 17 May

  Retailers Amp Up Fraud Prevention for Their Online Gift Card Sales

  

  Selling gift cards online makes a lot of sense for many merchants, but criminals know that, too, and have quickly figured out ways to steal the cards. Now, as merchants have increased their sophistication in countering these thefts, so too have criminals figured ways to foil the merchants. “Gift cards …
• 17 May

  However It Will Work, the Common Buy Button Isn’t Going to Appear Any Time Soon

  

  With each week that passes, the so-called unified buy button concept introduced by the major card networks last month takes on more definition, but despite all the discussion, the idea of an online checkout shared by multiple payment networks remains too vague—and too futuristic—to suit some expert observers. “I keep …
• 16 May

  Payment Processor Spindle Cancels an Acquisition, But Rents the Target Company’s CEO

  

  The struggling merchant processor Spindle Inc. canceled its planned acquisition of independent sales organization and gateway provider VyaPay, but reported Wednesday that it plans to form a so-called strategic alliance with VyaPay, and VyaPay’s chief executive will provide day-to-day management of Spindle. Mesa, Ariz.-based Spindle, whose shares trade over the …
• 16 May

  Items Like Screenshots And Dates Are Vital Info Under the New Visa Claims Resolution Program

  

  E-commerce merchants are beginning to learn efficient ways to navigate the newly launched Visa Claims Resolution program for managing chargebacks. With the increasing emphasis among consumers and merchants on making more of their transactions in the digital realm, Visa Inc. launched in April its new chargeback-resolution program that includes shortened …