Digital Transactions Authoritative, insightful and timely information for payments professionals
MasterCard Inc. and Visa Inc. reported Monday that online-payments specialist Stripe Inc. is using their instant-payment services to pay merchants such as ride-sharing service Lyft and other users of Stripe’s marketplaces. Stripe actually began offering what it calls Instant Payouts relying on the network services—Mastercard Send and Visa Direct—to merchants as …
September, 2016
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16 September
When It’s Time To Pay the Rent, Entrata Gets a Better Deal for Visa Debit Card Holders
By Kevin Woodward@DTPaymentNews With more than 3 million renters enrolled in an online rent-payment service, Entrata Inc.’s desire to optimize its payment-card acceptance costs is paramount. That’s why Lehi, Utah-based Entrata is working with Visa Inc. on an improved payment and authorization program for the multifamily-housing industry. Announced Thursday, the …
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16 September
‘I Need Knowledge:’ Merchants Express Befuddlement About EMV, Breaches, System Issues
By Kevin Woodward@DTPaymentNews Merchants would like nothing more than to decipher what they call the “mysteries” of the payments universe, a select group of them told attendees Thursday at the Western States Acquirers Association conference in Scottsdale, Ariz. These mysteries, they said, include knowing whom to call when a problem …
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16 September
When It Comes to Friendly Fraud, It Seems Women Are a Lot Less Friendly Than Men
By John Stewart @DTPaymentNews Few things have thrown a spotlight on the 40-year-old chargeback process like the nation’s conversion to EMV chip cards at the point of sale, but it’s in online commerce where the problem has long plagued merchants. And now there’s evidence that these sellers may have more …
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15 September
Transcending Transactions: Infinite Peripherals’ Mobile iOS POS Devices Conquer the Skies
By Tom McCole, Mobile Commerce Strategy, Infinite Peripherals, Inc. Space: the final frontier. Well maybe we’re not talking outer space yet, but in-flight travel for sure. Infinite Peripherals’ (IPC) mobile iOS handheld devices are simplifying multiple duties on many of Earth’s commercial aircraft and at airport terminals as well. …
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15 September
Walmart Canada Expands Its Two-Month-Old Visa Credit Card Ban to Manitoba
By Jim Daly@DTPaymentNews The dispute between Wal-Mart Stores Inc. and Visa Inc. over payment card acceptance costs intensified Thursday when the retailer’s Walmart Canada unit announced that it will extend its ban on Visa credit card acceptance from Thunder Bay, Ontario, to its 16 stores in the province of Manitoba. …
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15 September
Time Now Accepts Apple Pay and Other Digital Transactions News briefs
• Ripple, a provider of distributed-ledger technology for financial transactions, has completed a $55 million Series B funding round. • In related news, Tipalti, which provides a platform to automate supplier payments, announced a $14 million funding round. • Time Inc. said it has integrated Apple Inc.’s Apple Pay to allow mobile …
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14 September
A Proactive Stance to Data-Security Testing Is Not Common, Survey Finds
By Kevin Woodward@DTPaymentNews When it comes to actively testing sensitive data networks for problems, only 23% of companies consider themselves as “very proactive.” This finding from a new Osterman Research Inc. survey of 126 companies representing thousands of employees arrives as the onslaught of breaches and malware continues to wreak …
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14 September
The PCI Council Beefs Up Its Rules for Thwarting Data Thefts From Payment Devices
By Jim Daly@DTPaymentNews With malware and hacker attacks on payment card-accepting devices increasing in sophistication, the PCI Security Standards Council has announced updated rules for protecting such devices. “The updates are designed to stay one step ahead of criminals who continue to develop new ways to steal credit and debit …
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14 September
3dcart Joins Amazon Payments Program and Other Digital Transactions News briefs
• JPMorgan Chase & Co. signed the Best Buy Co. Inc. electronics chain to accept the Chase Pay mobile app in its nearly 1,400 stores, on its site, and in-app. Chase Pay is live with some e-commerce merchants and is expected to become available in stores and in-app later in …
