Digital Transactions Authoritative, insightful and timely information for payments professionals
First Tech Federal Credit Union has activated the Zelle person-to-person payment service in its mobile-banking app, which has 110,000 users. Puerto Rico-based payment processor Evertec Inc. said it will donate $1 million for relief efforts and that it continues to process ATM and point-of-sale transactions on the island, which was devastated by Hurricane Maria. …
September, 2017
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25 September
COMMENTARY: Debunking Six Mythical Barriers Along the Path to Contactless Cards
The foundational technology for contactless credit cards has existed for some time, but we haven’t seen them adopted en masse yet, at least not Stateside. Much of that reluctance has to do with perceived obstacles or assumptions—perceptions that may or may not be entirely accurate. Following are objective responses to …
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25 September
A Mobile-Wallet Friendly SMB Mastercard and other Digital Transactions News briefs
Independent sales organization Merchant Consulting Group Inc. said its payments services are now available in the Tracker Management Systems dispatch software designed for the towing and wrecker industry. BMO Harris introduced Small Business Mastercard, which works with the Masterpass, Apple Pay, Android Pay, and Samsung Pay digital wallets. Now that Apple Inc.’s new …
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25 September
TSYS President Pamela Joseph Resigns, Stock Falls
Total System Services Inc. (TSYS) announced Friday after the stock market closed that Pamela A. Joseph, the processor’s president and chief operating officer, had resigned from her positions and as a member of TSYS’s board of directors, effective Sept. 30. The resignation triggered speculation about the company’s future and apparently …
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22 September
Fraud-Control Expenses and Chargebacks Consume More of Merchants’ Revenues
Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …
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22 September
Checks Still Have Life in Them, But Do Banks Hold the Key to Killing Them off?
For years, experts have predicted electronic payments would finally turn the check into an historical artifact. But data released last year indicate that the long-term decline in check volume has slowed, and now experts are trying to figure out why and what the ultimate check-killer will be. When the Federal …
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22 September
BluePay To Offer Datacap Product and other Digital Transactions News briefs
Payments provider BluePay Processing LLC said it will offer TranCloud, an EMV-enabled payments application from Datacap Systems Inc., to merchants. ATM network operator Cardtronics plc said the Speedway convenience-store chain added ATMs at 1,500 stores in eight states to Cardtronics’ Allpoint Network, which means that all 2,550 ATMs in 20 states where Speedway operates …
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21 September
Only a Year After Admitting Credit Cards, Aldi Says It Will Accept Contactless Payments
The Aldi Inc. supermarket chain, which only last year began accepting credit cards, said in a press release on Thursday it now “accepts all forms of contactless payment,” including Apple Inc.’s Apple Pay and Alphabet Inc.’s Android Pay mobile wallets. The Batavia, Ill.-based company has already activated contactless payments chainwide, …
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21 September
Gemalto: Records Compromised by Data Breaches Rise 164% in Six Months
Payment-security technology provider Gemalto NV reported Wednesday that, around the world, some 1.9 billion records were compromised by data breaches in 2017’s first half, up 164% from 721 million records compromised in the last six months of 2016. The outlook for 2017’s second half is grim in light of the …
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21 September
ThreatMetrix ID Debuts As a Service to Help Businesses Identify Digital Users
Risk-management firm ThreatMetrix Inc. said its ThreatMetrix ID product, announced this week, uses unique, anonymized customer data to help businesses make decisions about trust and identity. The product, hailed as the company’s flagship, incorporates four central capabilities. One is the unique, anonymous data it has on 1.4 billion users in …
