News

September, 2017

• 25 September

  COMMENTARY: Debunking Six Mythical Barriers Along the Path to Contactless Cards

  

  The foundational technology for contactless credit cards has existed for some time, but we haven’t seen them adopted en masse yet, at least not Stateside. Much of that reluctance has to do with perceived obstacles or assumptions—perceptions that may or may not be entirely accurate. Following are objective responses to …
• 25 September

  A Mobile-Wallet Friendly SMB Mastercard and other Digital Transactions News briefs

  Independent sales organization Merchant Consulting Group Inc. said its payments services are now available in the Tracker Management Systems dispatch software designed for the towing and wrecker industry. BMO Harris introduced Small Business Mastercard, which works with the Masterpass, Apple Pay, Android Pay, and Samsung Pay digital wallets. Now that Apple Inc.’s new …
• 25 September

  TSYS President Pamela Joseph Resigns, Stock Falls

  

  Total System Services Inc. (TSYS) announced Friday after the stock market closed that Pamela A. Joseph, the processor’s president and chief operating officer, had resigned from her positions and as a member of TSYS’s board of directors, effective Sept. 30. The resignation triggered speculation about the company’s future and apparently …
• 22 September

  Fraud-Control Expenses and Chargebacks Consume More of Merchants’ Revenues

  

  Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …
• 22 September

  Checks Still Have Life in Them, But Do Banks Hold the Key to Killing Them off?

  

  For years, experts have predicted electronic payments would finally turn the check into an historical artifact. But data released last year indicate that the long-term decline in check volume has slowed, and now experts are trying to figure out why and what the ultimate check-killer will be. When the Federal …
• 22 September

  BluePay To Offer Datacap Product and other Digital Transactions News briefs

  Payments provider BluePay Processing LLC said it will offer TranCloud, an EMV-enabled payments application from Datacap Systems Inc., to merchants. ATM network operator Cardtronics plc said the Speedway convenience-store chain added ATMs at 1,500 stores in eight states to Cardtronics’ Allpoint Network, which means that all 2,550 ATMs in 20 states where Speedway operates …
• 21 September

  Only a Year After Admitting Credit Cards, Aldi Says It Will Accept Contactless Payments

  

  The Aldi Inc. supermarket chain, which only last year began accepting credit cards, said in a press release on Thursday it now “accepts all forms of contactless payment,” including Apple Inc.’s Apple Pay and Alphabet Inc.’s Android Pay mobile wallets. The Batavia, Ill.-based company has already activated contactless payments chainwide, …
• 21 September

  Gemalto: Records Compromised by Data Breaches Rise 164% in Six Months

  

  Payment-security technology provider Gemalto NV reported Wednesday that, around the world, some 1.9 billion records were compromised by data breaches in 2017’s first half, up 164% from 721 million records compromised in the last six months of 2016. The outlook for 2017’s second half is grim in light of the …
• 21 September

  ThreatMetrix ID Debuts As a Service to Help Businesses Identify Digital Users

  

  Risk-management firm ThreatMetrix Inc. said its ThreatMetrix ID product, announced this week, uses unique, anonymized customer data to help businesses make decisions about trust and identity. The product, hailed as the company’s flagship, incorporates four central capabilities. One is the unique, anonymous data it has on 1.4 billion users in …
• 21 September

  48% Don’t Use Mobile Wallets and other Digital Transactions News briefs from 9/21/17

  

  Some 48% of surveyed U.S. consumers don’t use Apple Pay, Android Pay, Samsung Pay, Venmo, or Bitcoin and 46% say not enough places accept these payment methods, according to invoicing and payments firm Viewpost, which canvassed 1,000 people. Mobile-payments provider LevelUp announced a link to delivery.com, which serves more than 12,000 restaurants. The connection …