Digital Transactions Authoritative, insightful and timely information for payments professionals
Payments executives may abhor fraudsters, but they have to admit the scamsters and hackers are a determined lot. The percentage of organizations sustaining actual or attempted payments fraud increased in 2017 for the fourth straight year, reaching a record high 78%, according to the latest “Payments Fraud And Control Survey” …
April, 2018
-
12 April
Trump’s Proposed Tariffs on Chinese Goods Could Raise Prices for POS Equipment
President Donald Trump’s proposed 25% tariffs on about 1,300 Chinese products worth $50 billion have the merchant-acquiring industry worried. The Electronic Transactions Association, a national payments-industry trade group, joined more than 100 other organizations in signing a letter to the House Ways and Means Committee leadership expressing their “deep concern” …
-
12 April
Coinstar in Bill-Pay Deal and other Digital Transactions News briefs from 4/12/18
The Electronic Transactions Association joined with more than 100 other groups spanning a variety of industries in signing a letter to the House Ways and Means Committee expressing concern about tariffs proposed by the Trump Administration on Chinese imports. The ETA’s concern is that a proposed tariff on cash registers …
-
11 April
Uber To Add Transit Ticketing on Its Mobile App Through Mastercard-Supported Masabi
Uber and mass-transit software developer Masabi Ltd. have struck an agreement that will allow transit tickets and passes to be displayed on Uber’s mobile app. Masabi’s apps and software systems for transit are used in 30-plus metropolitan areas, including on the Metro-North and Long Island Rail Road commuter-rail systems in …
-
11 April
Fresh off Its eBay Coup, Adyen Mulls What Could Be a Rewarding Second Act—Going Public
The Dutch payments provider Adyen stole headlines in February with its agreement to be the processor behind eBay Inc.’s ambitious new payments platform, and this week news emerged that it could be ready for yet another big move—an initial public offering. The Amsterdam-based company, which maintains a U.S. headquarters in …
-
11 April
ParTech Debuts PAR Pay and other Digital Transactions News briefs from 4/11/18
LevelUp announced 25 more restaurant companies as clients of its mobile-ordering and -payment app. These include national brands Smoothie King and Zaxby’s. ParTech Inc., a vendor of point-of-sale software to the restaurant and retail industries, launched PAR Pay, an EMV-capable processing solution for credit, debit, and stored-value cards. ParTech is …
-
11 April
Making Sense of the ISO and ISV Convergence
Todd Linden, CEO of Payment Processing North America at Paysafe For a long time now, Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) have supported the retail sector in providing individual merchants with the payment systems they need to meet customer demand. ISOs have provided merchants with their …
-
10 April
Despite Its Sprawling Size, the ACH Has Been Racking up Impressive Growth
The nation’s automated clearing house network is on a tear. Transaction volume grew by 6.3% for the fourth quarter of 2017 and by 5.7% for the full year, according to numbers released late Tuesday by NACHA, the governing body for the ACH system. All told, the network handled $46.8 trillion …
-
10 April
New Verizon Report Sheds Light on Hospitality-Industry Data Breaches
Data breaches at restaurants and hotels are nothing new, but a just-out report from Verizon Communications Inc. shows how extensively the hospitality industry gets hit by hackers. New York City-based Verizon, which besides telecommunications has a large business in investigating data breaches, says in its latest annual breach study that …
-
10 April
A $3.4 Billion Deal Aims To Take VeriFone Private Again
VeriFone Systems Inc. once again is preparing to become a privately held enterprise, according to Monday’s announcement that an investor group led by Francisco Partners has agreed to buy the point-of-sale terminal and services provider for $3.4 billion. The deal, expected to close in the third quarter, values each VeriFone …
