Digital Transactions Authoritative, insightful and timely information for payments professionals
• Early Warning Services LLC, a fraud-management company, announced an alliance with NuData Security that enables Early Warning to use behavioral analytics and risk assessment as part of its authentication platform. • Money-transfer revenue for MoneyGram International totaled $339.6 million for the third quarter, up 5% on a constant-currency basis …
October, 2016
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27 October
Blackhawk Network Takes Gift Cards for an Uber Ride Into the Sharing Economy
By Jim Daly@DTPaymentNews The ride-sharing service Uber is strongly associated with mobile apps, not with plastic. But prepaid card providers such as Blackhawk Network Holdings Inc. are finding new opportunities in the so-called sharing economy exemplified by Uber, in which drivers using their own vehicles offer taxi-like services to riders. …
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27 October
Eye on Retailers: Kohl’s Pay to be Fine Tuned; Amazon Advances Across Channels
By Kevin Woodward@DTPaymentNews Retailer Kohl’s Corp. plans to tweak its newly launched OmnyPay Inc. The service works only with the Kohl’s Charge card, issued by Capital One N.A. Lavu predicts Kohl’s Pay will generate copious amounts of data, especially given that enrollment in the app is up by 70% following …
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27 October
Walmart Alters Money Transfer Programs and other Digital Transactions News briefs
• Financial-institution processor Fiserv Inc. said its payments segment posted adjusted revenues of $701 million in the third quarter, up 9% from $643 million a year earlier. Operating income rose 11.5% to $242 million. • Wal-Mart Stores Inc. announced service changes in the U.S. and Mexico, and lower prices, involving …
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27 October
Online Merchants Fear Fraud, But the Bigger Problem is False Declines–And It’s Getting Worse
By John Stewart@DTPaymentNews Online merchants are dreading an onslaught of fraud, but what they should really brace for is a much bigger problem: so-called new version, which comes from EMVCo, the standards body controlled by the global card brands, will work in-app as well as within browser-based shopping sessions and …
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26 October
Why MasterCard And PayPal Are Leveraging Bots for Payments on Facebook Messenger
By John Stewart @DTPaymentNews As payments firms seek to commercialize emerging online marketplaces, they’re starting to leverage automated routines that promise to overturn traditional transaction methods and, just possibly, deliver on the long-sought goal of so-called frictionless payments. This week, both MasterCard Inc. and PayPal Holdings Inc. announced new initiatives …
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25 October
MasterCard’s Chatbots and other Digital Transactions News Briefs
• Chip card standards body EMVCo issued 3-D Secure 2.0, its update of the 3-D Secure technology for protecting e-commerce transactions. The new specification supports app-based purchases on mobile and other devices and will streamline the checkout process in order reduce transaction abandonment, EMVCo says. • MasterCard Inc. announced plans to …
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25 October
Beyond In-Store And In-App: Samsung Pay, Android Pay Add Online Payment Capability
By Kevin Woodward@DTPaymentNews Consumers with Samsung Pay mobile-wallet accounts will be able to use them as a payment method for online transactions thanks to a partnership with Samsung Pay to shop using Masterpass starting in 2017. To use the service, consumers select the Masterpass button on a participating merchant’s e-commerce …
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24 October
Fiserv Connections Lift Zelle and other Digital Transactions News Briefs
• Visa Inc. and chip maker and software provider Intel Corp. announced a two-pronged security initiative, one of which aims to protect the growing Zelle person-to-person payments network, to which Fiserv is providing a link. Zelle is expected to launch early next year. • In related news, Fifth Third Bank …
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24 October
Visa Europe Helps To Lift Visa Inc.’s Total Payment Volume by 47%
By Jim Daly@DTPaymentNews You thought Visa Inc. was big already? Boosted by Visa Europe and solid growth in the U.S. and some other regions, the world’s largest card network’s credit and debit card payment volume grew 47% in the quarter ended Sept. 30. Foster City, Calif.-based Visa Inc. on Monday …
