Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart @DTPaymentNews With Citigroup Inc.’s decision to join the network, the bank-controlled clearXchange person-to-person payments service has dramatically expanded its reach at a crucial time—just as it faces increasing competition from nonbank P2P rivals and in advance of a major rebranding set to take effect next year. The …
September, 2016
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29 September
Lender Teams With EVO Payments For Canadian Venture and other Digital Transactions News briefs
• The U.S. Supreme Court agreed to hear a challenge to a New York state law barring retailers from imposing credit card surcharges, Reuters reported. A federal appellate court upheld the law a year ago; nine other states have similar laws. • Online business lender Merchant Advance Capital said it …
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28 September
Mandate From the Top: MasterCard Opens Developer Gateway to Critical Payments Tools
By John Stewart @DTPaymentNews Payments networks face a competitive landscape marked by rapid innovation, so the two biggest systems, Visa Inc. and MasterCard Inc., are responding by increasing the access developers have to their once tightly guarded skunk works. The latest move comes Wednesday from MasterCard, which announced MasterCard Developers. …
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28 September
Emphasizing E-Coupons, the Year-Old Samsung Pay Dubs Itself the ‘Holistic Digital Wallet’
By Jim Daly@DTPaymentNews As mobile wallets rapidly evolve, Samsung Electronics Co. Ltd. late Tuesday put out a birthday card of sorts reminding the world that its Samsung Pay service is now a year old in the United States. In that time, Samsung Pay has added payment-card issuing partners, but the …
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28 September
PayLease Now Takes PayPal for Rent Payments and other Digital Transactions News briefs
• Payments processor Vantiv Inc. said its eProtect payment-security service now works with Android Pay. Vantiv also announced its validated point-to-point encryption service now includes VeriFone Systems Inc. point-of-sale equipment. • PayPal Holdings Inc. said consumers now can make PayPal payments using PayLease, a payments and billing platform for property …
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27 September
An Appellate Court Victory Bolsters AmEx in Its Efforts to Enforce Acceptance Terms
By John Stewart @DTPaymentNews A federal appeals court on Monday handed American Express Co. a signal victory in the age-old battle with merchants over card-acceptance costs, but in doing so it may also have bolstered the card giant in its efforts to set and enforce merchant pricing. The U.S. Court …
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27 September
E-Retailers Take Heed: Certain ZIP Codes Harbor a Lot More Fraud Than Others
By Kevin Woodward@DTPaymentNews E-commerce fraud, the bane of online retailers and payments providers, is not only on the rise, certain U.S. locations seem more prone to this deceit than others. That’s according to a recent report from Experian plc. Data-specialist Experian says the riskiest ZIP code for shipping-address fraud is …
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27 September
ACI and VocaLink in Faster Payments Deal and other Digital Transactions News briefs
• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc. • Payment technology provider ACI Worldwide …
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26 September
Notes From Using Apple Pay on the Web: Easy And Slick; Too Bad It’s Safari Only
By Kevin Woodward@DTPaymentNews Apple Pay’s latest incarnation—enabling one-click payments for mobile and desktop Web-site purchasing—deftly brings the familiarity of such payments to Apple Pay users and merchants. At least, that’s my take on it, having used it last week when the service was released as part of an Apple Inc. …
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26 September
TCF Makes Dual Interface Its Standard EMV Debit Card Offering
In a break from the practice of most EMV chip card issuers, TCF National Bank reported this month that it will be issuing all of its customers’ debit cards with both contact and contactless capabilities. The bank, the principal subsidiary of Wayzata, Minn.-based TCF Financial Corp., said it will begin …
