Digital Transactions Authoritative, insightful and timely information for payments professionals
By Kevin Woodward@DTPaymentNews New York-based iPayment Holdings Inc. has named O.B. Rawls IV chief executive and president and charged the veteran payments executive with guiding the payments company’s plans to increase sales . Rawls, whose prior experience includes First Data Corp., also joins the iPayment board of directors. He has …
November, 2016
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28 November
The ETA Sends a Payments-Industry Wish List to President-Elect Trump
By Jim Daly@DTPaymentNews Perhaps when he’s not tweeting, President-elect Donald J. Trump will get around to reading the letter the Electronic Transactions Association sent to him Monday outlining payments-industry proposals for Congress and federal regulators once Trump’s administration takes over in January. “ETA encourages your administration to create a policy …
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28 November
More Than Tickets in Ticketing App and other Digital Transactions News briefs
• The U.S. District Court for the Eastern District of Pennsylvania issued final approval of a $37.5 million settlement in a class-action case, Reyes v. Zions First National Bank, attorneys for the class announced. In the case, plaintiffs alleged Zions Bank and a former payment-processing subsidiary knowingly handled payments for fraudulent …
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23 November
Eye on Security: Madison Square Garden Breached; Should Chip Cards’ Mag Stripes Go?
Sports and entertainment venue operator The Madison Square Garden Co. (MSG) on Tuesday disclosed a nearly year-long breach of payment card information involving customers who bought concessions at five of its venerable properties. And a new study from Federal Reserve researchers makes six recommendations for improving mobile-payments security, one of …
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23 November
Ingenico Debuts Android mPOS Device and other Digital Transactions News briefs
Terminal maker Ingenico Group introduced its first Android-based mobile point-of-sale payment device, the APOS. The portable terminal includes a front and rear camera and accepts payments based on EMV, mag-stripe, and near-field communication. Cubic Transportation Systems announced it has been awarded a $4.8 million contract modification from the Maryland Transit …
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22 November
Visa Modifies Its Controversial EMV Debit Card Transaction-Routing Policies
Visa Inc. disclosed Tuesday that it has modified its chip debit card transaction-routing policies in the wake of the increasing governmental scrutiny the largest payment card network’s routing practices have attracted since EMV chip cards took hold in the U.S. beginning last year. A key change assures merchants that they …
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22 November
Another Hotel Warns of Possible Data Breach and other Digital Transactions News briefs
• Payments-services provider ACI Worldwide Inc. said it expects the rate of attempted online fraud in the United States during the holiday shopping season will increase 43% over the same period last year, based on transaction data it has seen so far. This increase follows U.S. adoption of EMV cards at the …
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21 November
The Chase Pay App Debuts With In-Store Acceptance at Starbucks, Best Buy, More To Come
By John Stewart @DTPaymentNews JPMorgan Chase & Co. on Monday officially launched its Chase Pay mobile app, announcing users can now download the wallet and use it to pay at more than 7,500 Starbucks Corp. outlets and at almost 1,400 Best Buy Co. Inc. stores to start with. The app, …
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21 November
VeriFone Engage Marks European Launch and other Digital Transactions News briefs
• ATM network owner and operator Cardtronics plc announced an expanded relationship with Carnival Cruise Line that adds Cardtronics ATMs to the crew areas of Carnival’s 25-ship fleet and makes Cardtronics Carnival’s exclusive ATM provider for both guests and crew. Cardtronics will have two ATMs for passengers and two for crew …
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21 November
Fraudsters May Be Rushing Online, But So Far Web Sellers Are Ready for Them
By Peter Lucas @DTPaymentNews A combination of better fraud-detection technologies and stronger consumer-authentication strategies is helping e-commerce merchants hold the line on fraud losses, a study from payments consultancy Mercator Advisory Group says. This is the case even though more criminals are practicing their dark art in the online channel …
