Digital Transactions Authoritative, insightful and timely information for payments professionals
Add Sonic Drive-In to the roster of merchants that have experienced a breach of their payments systems. The Oklahoma City-based fast-food chain confirmed to Digital Transaction News that it has been investigating the incident. On Tuesday, security blog KrebsOnSecurity.com reported the breach affecting an unknown number of Sonic’s point-of-sale systems. …
September, 2017
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27 September
ATMIA Releases Operation Choke Point Resource and other Digital Transactions News briefs
Consumer-goods manufacturer Shinola has signed up to use the point-of-sale financing service from Affirm Inc. The ATM Industry Association released an Operation Choke Point resource kit for ATM operators. The association said ATM operators continue to receive account-closure notices despite the Department of Justice’s public statement to end the enforcement program. Merchant services provider SignaPay Ltd. released the PayLo …
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26 September
Adding value to acquiring bank portfolios with managed PCI compliance and Security Services
Sysnet CEO, Gabriel Moynagh, explains how replacing revenue from PCI DSS penalties for non-compliance with a managed service offering is the opportunity acquirers have been waiting for in improving customer relationships and boosting merchant security. The worldwide Payment Card Industry Data Security Standard (PCI DSS) was set up to help …
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26 September
In Its Latest U.S. Gambit, Klarna Helps TaylorMade Sell More Golf Clubs
You’ve heard of subscriptions for magazines and concert tickets. Now the subscription model is coming to golf clubs. TaylorMade Golf Co. on Monday said an online purchasing and financing program it started in April has generated a 30% increase in conversions and a 5% jump in average order value. The …
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26 September
GasBuddy’s New Payment Service Discounts Gasoline Prices
Consumer affinity for the cheapest gas prices birthed smart-phone app GasBuddy, and now the app has sired a way for consumers to actually make the payment at fill up. Boston-based GasBuddy recently announced its Pay with GasBuddy service, which connects a consumer’s checking account with a GasBuddy-issued card. After enrolling …
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26 September
Blockchain Tech And ICOs Get the Attention of a New Unit Formed by the SEC
A new unit formed by the enforcement division of the Securities and Exchange Commission will have among its responsibilities “violations involving distributed-ledger technology and initial coin offerings,” according to an announcement from the SEClate Monday. What the agency calls its Cyber Unit will also focus on market manipulation via social …
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26 September
Credit Union Activates Zelle P2P Feature and other Digital Transactions News briefs
First Tech Federal Credit Union has activated the Zelle person-to-person payment service in its mobile-banking app, which has 110,000 users. Puerto Rico-based payment processor Evertec Inc. said it will donate $1 million for relief efforts and that it continues to process ATM and point-of-sale transactions on the island, which was devastated by Hurricane Maria. …
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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 …
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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 …
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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 …
