News

September, 2016

• 26 September

  Bank Adds Mobile Card Control Feature and other Digital Transactions News briefs

  • E-commerce marketplace Rakuten.com will allow merchants outside the United States to sell to U.S. customers and collect payments in their local currency through a new arrangement with processor Payoneer. • First National Bank of Pennsylvania added a feature called CardGuard to its mobile-banking app that lets users turn their …
• 23 September

  Avidia Bank Among Same-Day ACH Pioneers and other Digital Transactions News briefs

  • Avidia Bank announced it is offering same-day ACH payments using technology supplied by linked2pay, a payments-technology company. • Fuel-pump manufacturer and convenience-store technology provider Gilbarco Veeder-Root said Colbea Inc., which does business as Seasons Corner Market, is installing Gilbarco’s Passport Point of Sale system to handle EMV chip card payments …
• 22 September

  Experian Releases E-commerce Fraud Report and other Digital Transactions New briefs

  • U.S. Attorney General Loretta Lynch is expected to announce a crackdown on a global mail-fraud scheme that allegedly stole millions of dollars from elderly victims, CNNMoney reported. At the center of the investigation is an Canadian processor named PacNet Services Ltd. that reportedly deposited many of the victims’ checks. …
• 22 September

  The Decade-Old PCI Council Looks Forward, But Some Things Don’t Change

  

  By Jim Daly@DTPaymentNews The PCI Security Standards Council is now a decade old, and as it concludes its annual North America community meeting in Las Vegas Thursday it faces a payments-security landscape vastly changed from the one it confronted 10 years ago, with mobile payments, tokenization, and so-called fin-tech startups …
• 22 September

  On the Eve of Same-Day Clearing, ‘Excitement Is Palpable’ at ACH Nerve Center

  

  By John Stewart@DTPaymentNews Same-day processing starts Friday on the nation’s automated clearing house network, and months of preparation and planning appear to be paying off.  “Everybody is heads-down getting it done. We haven’t been getting any SOS calls,” Jane Larimer, executive vice president of network services at NACHA, the governing …
• 22 September

  Though Locked in Combat With Visa, Wal-Mart Cuts a Deal for ChaseNet Visa Acceptance

  

  By John Stewart@DTPaymentNews Wal-Mart Stores Inc.’s deal with JPMorgan Chase & Co.’s ChaseNet processing network, announced Thursday morning, proves that the nation’s biggest retailer can make peace with the big card brands if the terms are right. And it may indicate bigger prospects for Chase’s ambitious merchant-acquiring operation. Under the …
• 21 September

  With Same-Day ACH Looming, Dwolla Unveils a Payout Feature for its White-Label API

  

  By John Stewart @DTPaymentNews Companies that have been planning for months for the arrival Friday of same-day automated clearing house payments are getting ready to pounce, and one of the first opportunities lies in platform payouts. Des Moines, Iowa-based Dwolla Inc., for example, on Wednesday is announcing a new feature …
• 21 September

  Samsung Preps Note7 Replacements and other Digital Transactions News briefs

  • The total value of contactless transactions worldwide will reach nearly $500 billion next year, up fully 56% from an estimated $321 billion in 2016, according to Juniper Research. • Samsung Electronics America Inc. said more than 500,000 replacement Galaxy Note7 phablets have arrived in the U.S. and will be available …
• 21 September

  Now That Apple Pay Has Arrived on the Web, Will It Solidify Its Hold on Users?

  

  Apple Pay has brought the one-click simplicity of its mobile-payments service to the desktop and mobile browsers. Apple Inc. on Tuesday released an update for Apple computers that enables consumers to pay using its Apple Pay mobile wallet on participating Web sites, such as Lululemon.com and Apple.com, but only when …
• 20 September

  EMV Adoption Slows, But the Contactless-Terminal Foundation is Growing

  

  By Kevin Woodward @DTPaymentNews Almost a year after the U.S. payment card industry adopted EMV chip cards for point-of-sale transactions, approximately 44% of U.S. merchants that accept credit and debit cards have EMV POS terminals. That assessment, in The Strawhecker Group’s latest EMV survey released Tuesday, is less than an …