Digital Transactions Authoritative, insightful and timely information for payments professionals
In 2015, 70% of breaches reported by global retailers were directed at POS devices. With the quantity of exploits only increasing, retail CIOs cannot rely on industry minimum guidelines to set out their security strategy. While the Payment Card Industry data-security standard (PCI DSS) provides a strong baseline of security …
November, 2017
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3 November
Cardtronics Shows Resiliency Despite ‘an Incredible Streak of Bad Luck’
A strong third-quarter earnings report helped lift shares of ATM network owner and operator Cardtronics plc by 4% Friday morning after they plunged 17% Thursday on news that Link, the ATM network in the United Kingdom—a key market for Cardtronics—floated a proposal to reduce interchange by 20%. Cardtronics, which has …
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3 November
Canada’s Interac Eases P2P Payments And Teams With Samsung Pay for Mobile Debit
Interac, Canada’s debit network, has made it easier to digitally send money direct to another bank account through its e-Transfer service by eliminating the need for recipients to answer a security question each time a transfer is made. Answering a security question validates the recipient to whom the money is …
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3 November
Apple Pay Users Double in a Year and other Digital Transactions News briefs from 11/3/17
Apple Pay users have more than doubled over the past 12 months, Apple Inc. reported, without citing a specific number. Yearly transactions have increased 330%, and more than 5 million U.S. merchant locations will be accepting the mobile-payment service by the end of the year, the company said during an …
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2 November
Overwhelming Numbers of Consumers, Businesses Want IoT Security Regulations
Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …
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2 November
Bitcoin’s Runup Runs on As the Digital Currency Crashes Through the $7,000 Level
The U.S. payments community woke up Thursday morning to find Bitcoin setting yet another record, this time breaching the $7,000 level less than two weeks after soaring past $6,000. By mid-morning Central Time, the price stood at $7,132, according to Coindesk. The cryptocurrency is testing new highs in the wake …
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2 November
Bluefin Notes Processor Deal and other Digital Transactions News briefs from 11/2/17
Encryption specialist Bluefin Payment Systems said it will provide encryption services to clients of payments provider Accepta LLC. A report from processor Fidelity National Information Services Inc. (FIS) found 25 real-time payments systems in operation globally, up from 19 last year and more than twice the number in 2013. Another …
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1 November
A Contactless and QR Code Ticketing Future Awaits, Says Report
Consumers’ fondness for using their mobile devices is going to affect mobile ticketing in a big way by 2020, says Juniper Research in its “Mobile & Online Ticketing: Transport, Events & NFC 2017-2020” report released this week. In it, United Kingdom-based Juniper forecasts that by 2020 the number of digital …
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1 November
With New Anti-Fraud Systems in Place, WEX Says Skimming Losses Are Trending Down
After suffering a spike in fraud from skimmers on gas pumps earlier this year, fleet-fueling payment specialist WEX Inc. reported Wednesday that fraud losses are falling thanks to its new risk-control systems. “The steps we have taken to reduce losses fraud have started to pay off,” Roberto Simon, chief financial …
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1 November
Bitcoin Futures Market Planned and other Digital Transactions News briefs from 11/1/17
Mobile point-of-sale provider CardFlight said payment processor Beyond will offer CardFlight’s SwipeSimple device to merchants. The technology enables EMV chip card transactions from a mobile device. CME Group, a major derivatives marketplace, announced plans to launch a futures market for Bitcoin before the end of the year, pending regulatory review. On …
