Saturday , December 21, 2024

News

August, 2016

  • 3 August

    80% of MasterCard Credit Cards Have Chip and other Digital Transactions News briefs

    • Processor Fiserv Inc. will market Early Warning LLC’s clearXchange person-to-person real-time payments network to its financial-institution clients under a new agreement. The deal follows a similar arrangement the companies reached last year for real-time bill payments and deposits. Fiserv also said adjusted second-quarter revenues in its payments segment increased nearly 11% …

  • 3 August

    Faster EMV Tech Might Leapfrog the Traditional Spec and Improve Consumer Perceptions

    Card-brand efforts to improve consumers’ perceptions of EMV transaction speeds took a step ahead this week when a grocer debuted updated EMV software on its point-of-sale systems. New Seasons Markets, including its New Leaf Community Markets unit, is now using the Quick Chip and M/Chip Fast technologies from Visa Inc. …

  • 3 August

    Square Moves Toward Profitability as Its Payment Volume Booms

    By Jim Daly @DTPaymentNews Square Inc. reported Wednesday that its payment volume grew 42% in the second quarter to $12.5 billion, and, while still reporting a loss, the merchant processor edged toward profitability as its adjusted revenues jumped 54%. Square, which began signing merchants in 2010, also raised its financial …

  • 2 August

    MasterCard and Visa Join clearXchange, Enabling Use of Their Cards on the Peer-to-Peer Network

    By Kevin Woodward@DTPaymentNews Early Warning Services LLC announced Tuesday that both Visa Inc. and MasterCard Inc. are now part of its clearXchange peer-to-peer network. The addition of the two largest card brands means customers of participating financial institutions will be able to send money to others using a U.S.-issued debit …

  • 2 August

    A Small-Merchant Security Program Makes Progress, But Not Without Some Grumbling

    By John Stewart @DTPaymentNews A relatively new program geared at shoring up data security at small merchants is making progress toward a crucial January deadline, but not without some full-throated grumbling, if comments and questions at an industry trade show this week in Grapevine, Texas, were any indication. The program, …

  • 2 August

    Bluepoint Image Capture Firm Sold and other Digital Transactions News briefs

    • International Business Machines Corp. reportedly is in early talks to acquire iPad-based point-of-sale technology provider Revel Systems Inc., according to Bloomberg. • Investment firm Battery Ventures said it reached an agreement to acquire Bluepoint Solutions Inc., a privately-owned image-capture and document-management firm, and will merge it with Alogent, a …

  • 1 August

    Digital Transactions August 2016

    http://www.nxtbook.com/nxtbooks/dt/201608/

  • 1 August

    As Fraudsters Rush Online, Identity Becomes the ‘New Currency’ for Illicit Transactions

    By Kevin Woodward@DTPaymentNews Criminals stepped up their attacks on e-commerce sites in the second quarter, producing more than 69 million rejected transactions, a stunning 90% increase from the same quarter a year ago, according to the Q2 2016 Cybercrime report recently released by ThreatMetrix. Of these transactions, 23% were payments, …

  • 1 August

    Retention of Small and Mid-Sized Merchants Continues To Vex First Data

    By Jim Daly@DTPaymentNews Most of First Data Corp.’s cylinders fired on cue in the second quarter, but its U.S. small and mid-size business customers again proved to be drag on revenue growth. In response, the giant payment processor is holding off on merchant price increases and ramping up service, its top brass …

  • 1 August

    Epson America Launches Partner program and other Digital Transactions News briefs

    • FinTech Acquisition Corp. announced it has completed its acquisition of processor CardConnect LLC, which has become a wholly owned subsidiary. Renamed CardConnect Corp., the company began trading Monday on the NASDAQ under the symbol “CCN.” • Epson America Inc. launched the Envision mSelect Partner program to help mobile point-of-sale …

Digital Transactions