Digital Transactions Authoritative, insightful and timely information for payments professionals
By Kevin Woodward@DTPaymentNews Mobile payments continue to garner merchant interest as more retailers are accepting mobile wallets, research shows. Meanwhile, drug-store chain Walgreens is making its loyalty program available to users of Android Pay. Thirty-four percent of small businesses accept mobile payments like Apple Pay and Android Pay, finds the …
August, 2016
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22 August
Square Posts Europe Job Openings and other Digital Transactions News briefs
• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
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22 August
Looking to Manage Risk, NACHA Sets a Rule Requiring Banks to Register Third-Party Senders
By John Stewart@DTPaymentNews As the automated clearing house network gets set to start a process that will over time speed up credit and debit transactions to
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19 August
Eddie Bauer Discloses POS Breach and other Digital Transactions News briefs
• Apparel retailer Eddie Bauer LLC said payment cards used at its more than 350 U.S. and Canadian stores from Jan. 2 to July 17 may have been compromised by malware placed on its point-of-sale systems, KrebsOnSecurity.com reported. The malware has been removed; Eddie Bauer said the “intrusion was part …
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19 August
For Many Players, Same-Day Clearing May Be ‘Just Good Enough,’ Analyst Argues
By John Stewart @DTPaymentNews When it comes to faster payments, most of the U.S. payments industry’s focus lately has been on the glamorous option of real-time settlement, but sentiment is beginning to emerge that says same-day payments may just be fast enough. Those who make that argument point out that …
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19 August
A Payments Association Mounts a Defense for an ISO Targeted by the CFPB
By Kevin Woodward@DTPaymentNews The Third Party Payment Processors Association is stepping in to lend support to Operation Choke Point, a federal government initiative targeting high-risk merchants via their payments providers. The
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19 August
Banks’ Online and Mobile-Based Payment Services Still Have Long Growth Runways, Study Finds
By Jim Daly@DTPaymentNews Web- and mobile-based banking and payment services still have large room for growth, although online bill payment seems to have hit an adoption ceiling, according to a new survey of banks’ usage of software-based services for consumers. Chicago-based investment firm First Analysis Securities Corp. interviewed executives from …
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18 August
Coveted Top-of-Wallet Status Goes to Issuers That Match Cards to Users’ Shopping Habits
By Kevin Woodward@DTPaymentNews In the quest to position their credit cards as the preferred payment method in mobile wallets, issuers may want to target consumers in the right demographic group who have preferences that match what the card offers, if the newly released “J.D. Power 2016 U.S. Credit Card Satisfaction Study” is …
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18 August
Repeat Users Bulk Up Walmart Pay and other Digital Transactions News briefs
• Fast-food restaurant chain Chick-fil-A Inc. says it will begin accepting Apple Pay and Android Pay Friday at the point of sale inside its stores and in drive-through lanes. Chick-fil-A announced in February it would accept Apple Pay along with its own Quick Response bar code-based mobile-payment service. • Wal-Mart …
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17 August
Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void
JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …
