News

February, 2017

• 28 February

  Interac Fraud at Record Low and other Digital Transactions News briefs

  • In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …
• 28 February

  COMMENTARY: How to Cure the ‘Hangover,’ Sell EMV, And Grow More Quickly

  

  In the February, 2017, issue of Digital Transactions, Steve Mott argues that the U.S. EMV migration was a misguided, poorly planned, and poorly executed effort. In his article, “The Great EMV Hangover,” he considers the migration to be a failure, writing, “As 2016 wound to a close, nothing short of …
• 27 February

  Rambus Debuts Unified M-Payments Service and other Digital Transactions News briefs

  • Rambus Inc. introduced its Rambus Unified Payment Platform, which it says will enable mobile-wallet users to pay with credit, points, and coupons in a single transaction. • Payments provider Harbortouch Payments LLC announced a partnership with Strategic Funding Source, a merchant cash-advance provider. • Square Inc. will pay $54.8 million to Starbucks Corp. to cancel …
• 27 February

  Small Merchants’ EMV Upgrade Delays Continue To Crimp Terminal Maker Ingenico

  

  The former EMV prom that’s turned into the date from hell for some payments-industry vendors continued for point-of-sale terminal maker and e-commerce services provider Ingenico Group SA in the fourth quarter. The France-based firm that has major operations in Canada and the United States reported last week that its North …
• 27 February

  Activists Pressure Shopify To Drop Breitbart News as an E-Commerce Client

  

  E-commerce platform provider Shopify Inc. is facing pressure to cut ties with a controversial client, the Breitbart alt-right online news site. On Thursday, activist groups plan to present a petition with 140,000 signatures at Shopify’s Ottawa, Ontario, headquarters, demanding that the processor cut off Breitbart as a client. The news …
• 27 February

  COMMENTARY: How 5G Networks Will Remake Payments—And the World

  

  In today’s 4G world, connected homes allow you to turn on lights, turn down thermostats, or activate sprinklers, all remotely. Wearables wake you up and tell you how long and how well you slept. Fingerprints, faces, even the rhythm of your heart are replacing passwords. There’s a lot happening on the connectivity …
• 27 February

  Mastercard Looks to Scale up Masterpass And Order-Ahead With an Oracle Tie-Up

  

  Mastercard Inc. and Oracle Corp. announced Monday a collaboration that could dramatically expand the reach of Mastercard’s Masterpass digital-wallet technology, as well as the network’s tokenization capability. Masterpass will be embedded into Oracle’s POS systems for retail and hospitality merchants. The companies said Oracle will embed Masterpass in systems it …
• 24 February

  Square Share Price Hits Record as the Processor Doubles Down on Retailers

  

  By Jim Daly@DTPaymentNews Square Inc.’s stock hit a record high Thursday in the wake of a strong fourth-quarter financial report. Now the merchant processor is looking to an updated point-of-sale system for retailers called
• 24 February

  Evertec Merchant Acquiring Revenue Down and other Digital Transactions News briefs

  • Puerto Rico-based Evertec Inc. said revenue in its merchant-acquiring unit declined 1% in the fourth quarter to $23.1 million while revenue in its payment-processing segment grew 0.4% to $28.9 million. Evertec announced it has an agreement to buy Chile-based EFT Group S.A., a payment processor and software company that uses the …
• 24 February

  Through an Integration With Apple Pay, Urban Airship Combines Loyalty With Payment

  

  By John Stewart @DTPaymentNews It has become an article of faith that mobile payments capability alone won’t excite consumers. The challenge lies in how to meld loyalty with payments in a single tap at checkout for multiple retail chains. On Friday, Urban Airship Inc. announced an integration of its Reach …