Digital Transactions Authoritative, insightful and timely information for payments professionals
By Kevin Woodward@DTPaymentNews With the deadline for EMV compliance for fuel resellers a year away, fuel-pump maker Wayne Fueling Systems LLC is readying its products for the transition from magnetic-stripe payment cards. Wayne says its NAMOS point-of-sale system is now available for EMV transactions on First Data Corp.’s network, and …
October, 2016
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13 October
Samsung Pulls All Note 7 Devices and other Digital Transactions News briefs
• Payments provider TransFirst, a unit of Total System Services Inc. (TSYS), and Raintree Systems, which provides specialized practice-management software, formed a partnership that sees TransFirst as the integrated payments provider in Raintree’s software. • Following its decision earlier this week to halt production, sale, and exchange of its troubled …
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12 October
American 1 Says Its Ban on Wendy’s Card Transactions Will Continue ‘Until Further Notice’
By John Stewart @DTPaymentNews Ripple effects from the Wendy’s Co. data breach continue to swirl around the Columbus, Ohio-based hamburger chain, some perhaps in unexpected ways. A Michigan credit union that last week began declining credit and debit card transactions by its members at all Wendy’s locations refuses to say …
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12 October
New Payments Shop Fuzse Debuts With a Strategy To Reach Merchants Via Developers
By Kevin Woodward@DTPaymentNews Fuzse, a new payments company targeting merchants that want seamless payment flows, is embracing software developers and independent software vendors as a way to reach them. The Dallas-based company, founded by Lane Conner, a former executive at First American Payment Systems L.P., Century Payments, and most recently …
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12 October
NFC Forum Releases Four Proposed Specs and other Digital Transactions News briefs
• Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions. • The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification …
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12 October
Fed Task Forces Evaluating 19 Proposals as Industry Works Toward Faster Payments
With an eye on having tangible proposals out by mid-2017, two Federal Reserve task forces are about to evaluate 19 plans to make electronic payments faster. Speed and security usually come to mind first when payments executives talk about improving the U.S. payment system, but other factors increasingly important to …
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11 October
How Bots And Natural-Language Searches Could Drive Mobile Shopping And Payments
By John Stewart @DTPaymentNews Ever since the advent of mobile shopping, experts have cautioned that spending in the new channel would be hampered by small screens and clunky interfaces. Now, though, relatively new technology like natural-language interfaces and so-called bots may be coming to the rescue. A new study released …
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11 October
Eye on Security: Synchrony Endows UConn Cybersecurity Center; Banks Ignoring Mobile Risk?
By Jim Daly@DTPaymentNews Best known nationally for its powerful basketball teams, the University of Connecticut is about to make a name for itself in cybersecurity. UConn’s School of Engineering and retail credit provider Synchrony Financial on Tuesday announced that Synchrony is providing $2.2 million to fund a new
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11 October
Retailer Casper Accepts Online Apple Pay and other Digital Transactions News briefs
• To Go Stores, a Puerto Rico-based convenience-store chain, will use P97 Networks’ PetroZone mobile commerce and digital marketing platform to enable mobile payments at the pump and for in-store transactions, P97 Networks announced. • Mattress retailer Casper Sleep Inc. said it is now accepting Apple Pay for online purchases. …
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10 October
The CFPB’s Prepaid Account Rule Took a Pass on Regulating Virtual Currencies
By Jim Daly@DTPaymentNews Its many critics have labeled the Consumer Financial Protection Bureau as the regulatory agency run amok, but the CFPB declined to regulate virtual currencies in its newly released rule governing prepaid card accounts even though banks and consumer groups urged it to do so. The CFPB issued …
