Digital Transactions Authoritative, insightful and timely information for payments professionals
A large portion of Apple Inc.’s customers spurn facial biometrics, a key security element in Apple’s new iPhone X, according to new research. Survey results from United Kingdom-based Juniper Research say that more than 40% of users of Apple’s mobile devices in the U.S. consider themselves unlikely to use facial …
September, 2017
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20 September
The Debit Card, Long ‘the King of Payments,’ Finds Itself Under Siege, Expert Says
For decades, debit cards have been reliable revenue generators and relationship builders for financial institutions of all sizes. But now that bulwark for banks is under threat from multiple alternatives, putting financial-services executives on the defensive and forcing them to rethink their card strategies, argues a new paper out this …
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20 September
Bluefin in POS Software Deal and other Digital Transactions News briefs
North American Bancard said it will offer its PayAnywhere 2-in-1 Bluetooth Credit Card Reader free to new PayAnywhere merchants. Payments encryption company Bluefin Payment Systems said its services are available to users of NeuLion, software used by college-ticketing organizations. POSDATA Group Inc. said its Louisville, Ky.-based facility has been point-to-point key injection-certified by the …
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19 September
Why Aliant Payment Systems Is Getting Set To Apply the ISO Model to Bitcoin Acceptance
Years ago, when banks wanted to sign up more merchants for credit card acceptance, they turned to non-bank third parties to sell the service. Now, these same third parties are starting to sell Bitcoin acceptance along with credit and debit cards. Aliant Payment Systems Inc., a Fort Lauderdale, Fla.-based independent …
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19 September
Digital Payments Authentication Requires Agility and Adaptability, a Report Says
As more consumers make more digital payments, financial institutions and merchants face an increasingly complex challenge to better authenticate these transactions. That requires looking at ways to keep pace with criminals and staying in step with consumers, says Aite Group LLC in its latest report, “Digital Authentication: New Opportunities to …
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19 September
Many Unlikely To Use Apple’s Facial ID Tech and other Digital Transactions News briefs
Credit-reporting agency Equifax Inc., which disclosed a huge data breach earlier this month, also sustained an apparently separate data breach in March, according to Bloomberg News. Few details about that breach are publicly known. Meanwhile, the U.S. Department of Justice reportedly has opened a criminal investigation into the sale of Equifax …
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18 September
Consumers Pull Back on Buying Prepaid Cards, Survey Finds
Prepaid cards are still popular with Americans, but not quite as popular as in some recent years, according to new findings from Mercator Advisory Group Inc. A Mercator online survey of 3,011 U.S. adults in June found that 56% of respondents had purchased a prepaid card in the preceding 12 …
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18 September
Bitcoin Shows Some Life After a Rough Week. But Will More Merchants Accept It?
Showing resilience after recent actions that pummeled its value, Bitcoin shot up from the depths early Monday and was trading above $4,000 again. As of 10:30 Eastern Time, its price stood at $4,056, after plunging as low as $2,981 in recent days on some exchanges, according to Coindesk, which tracks …
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18 September
Processor Aliant Strikes a Deal With BitPay to Sell Merchants on Bitcoin Acceptance
Payments provider Aliant Payment Systems now offers Bitcoin acceptance for merchants through a deal with BitPay Inc., a Bitcoin processor, Aliant announced Monday. Fort Lauderdale, Fla.-based Aliant says the relationship makes it one of the first payment-processing companies to offer merchants Bitcoin acceptance. It is doing this, in part, because …
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18 September
Revolution Payments Launches Interchange-Adjustment Service and other Digital Transactions News briefs
Payments provider Revolution Payments announced an interchange-adjustment service for business-to-business and business-to-government credit cards that automatically attaches details to each transaction that qualify the transactions for level 3 interchange rates, which are less than level 1 and level 2 rates for such transactions. Unattended-payments specialist USA Technologies Inc. announced a partnership with Premier Food Service …
