Digital Transactions Authoritative, insightful and timely information for payments professionals
Canadian payment processor Beanstream says its U.S. foray is hoping to tap into its parent company’s international reach as Beanstream USA targets software developers and integrators. Beanstream’s U.S. effort—announced earlier this month—is meant to get a piece of the independent software vendor and value-added reseller market that so many payments …
May, 2016
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31 May
Diebold’s Wincor Nixdorf Deal Moves Ahead and other Digital Transactions News briefs
• Some 27% of consumers who have a smart phone capable of performing mobile payments have used Apple Pay, Samsung Pay, or Android Pay at least once, according to the latest Mobile Pay Tracker survey from Auriemma Consulting Group. Of this group, 31% say they pay with these methods every …
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27 May
The PCI Council Updates its Payment-Processing Software Rules
The PCI Security Standards Council on Friday released version 3.2 of its Payment Application Data Security Standard, which sets rules for payment-processing software. The new PA-DSS aligns with the recently updated main security standard, the Payment Card Industry Data Security Standard version 3.2. Today’s update was expected, as the Wakefield, …
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27 May
MasterCard Reports Growth in EMV Merchants, With a Decline in Counterfeit Fraud
Despite hiccups and hitches along the way, the conversion of the massive and highly fragmented U.S. payment card industry from magnetic-stripe credit and debit cards to ones bearing an EMV chip appears to be moving apace. The latest data from MasterCard Inc. finds the number of merchants accepting chip cards …
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27 May
Fraud and Chargeback Reduction Are Top of Mind for E-Commerce Payments Execs
Minimizing fraud is by far the top payment concern of e-commerce merchants, according to findings from the Merchant Risk Council’s newly released global payments survey. Some 46% of all merchants surveyed about payments and e-commerce issues affecting them in 2015—51% of MRC members and 35% of non-members—ranked managing e-commerce fraud …
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27 May
Samsung Pay mini May Be in Development and other Digital Transactions News briefs
• Samsung Electronics Co. Ltd. is planning to launch an app in South Korea that will streamline online payments for users of Samsung Pay, Reuters reported, citing a report in the Electronic Times. The app, dubbed Samsung Pay mini, will also be compatible with all Android and Apple Inc. devices, …
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26 May
Cabela’s Using Ingenico Encryption and other Digital Transactions News briefs
• The number of merchants accepting chip cards increased to 1.4 million as of April 30, according to new data from MasterCard Inc. That’s a 17% increase from 1.2 million MasterCard reported in March. MasterCard also says 68% of all U.S.-issued MasterCard-branded consumer credit cards have an EMV chip. The …
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26 May
Manual Reviews And False Positives, Costly Scourges of Online Commerce, Are on the Rise
U.S. e-commerce merchants are struggling with more fraud, but they’re also contending with two related problems that are on the rise and costing them plenty of time and money—manual reviews and false rejections, also known as false positives. That’s according to two studies, one released on Wednesday and the other …
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26 May
Expenses From the Home Depot and Target Data Breaches Surpass $500 Million
This week’s revelation by The Home Depot Inc. that it has incurred $263 million in expenses from its 2014 data breach means that the home-improvement retailer’s breach costs, together with those of another big-box retailer, Target Corp., now total $554 million. In a quarterly regulatory filing Tuesday, Atlanta-based Home Depot …
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25 May
Banks Likely To Emulate Wells Fargo’s Pioneering Payment-Enabled Mobile Wallet
Wells Fargo Bank N.A.’s announcement Tuesday that it would launch a mobile wallet with payments capability built into the Android version of its banking app could be a win for the bank, and herald similar moves by other banks. That’s the assessment from Daniel Van Dyke, an analyst at Javelin …