Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
August, 2016
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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, …
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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 …
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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, …
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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 …
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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 …
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1 August
How Restaurant EMV Could Boost Mobile Wallets As Issuers Turn to PIN Verification
By John Stewart @DTPaymentNews Most mobile wallets in North America have struggled to win adoption and usage among consumers, and some apps backed by mobile networks have already fallen by the wayside. But one factor that could promote mobile payments is likely to come from a surprising source: restaurants. With …
July, 2016
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29 July
Making Sense of the Relentless Tech-Driven Changes in the Merchant-Acquiring Industry
It might be a cliché, but the saying that the more things change, the more they stay the same has some validity for merchant acquirers despite the rapid introduction of new technologies and the entrance of new competitors in recent years. For example, the top 10 U.S. merchant acquirers in …
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29 July
MoneyGram Money-Transfer Volume Up and other Digital Transactions News briefs
• For its second quarter ended June 30, MoneyGram International Inc. reported transactions on its digital money transfer service grew 9% and accounted for 15% of all money-transfer transactions handled by the company. Revenue for the service increased 17% and accounted for 13% of overall money-transfer revenue. • Because of …
