Digital Transactions Authoritative, insightful and timely information for payments professionals
A new report finds that fraud activity is surging, while Landry’s Inc. says it has uncovered malware on its point-of-sale system and removed it. Identify fraud is on the rise, finds the 2016 Identity Fraud Study released Tuesday by Javelin Strategy & Research. The Pleasanton, Calif.-based research firm found that …
February, 2016
-
3 February
Eyeing the Market for ‘On-Demand’ ACH Transfers, Dwolla Launches Its Latest API
It’s common for consumers who use a recurring service to designate a credit or debit card that the service provider can charge each month. With the automated clearing house, this is much less common. Dwolla Inc. says that’s because it’s too difficult and time-consuming for most businesses to set up …
-
2 February
Look, Ma, No Card! How Cardless ATMs Could Help Push Mobile Wallet Adoption
The introduction of cardless ATMs, which rely on a financial institution’s mobile wallet instead of a debit card to make an ATM withdrawal, could help further the adoption of mobile wallets and mobile payments. That’s the assessment of Jerimy Saldivar at Peoples Bank, a Bellingham, Wash.-based financial institution with 24 …
-
2 February
Apple Pay Survey Shows Flat-Lining Adoption and Usage, but Most Users Like It
A new study of smart-phone users shows awareness and usage of Apple Pay is slightly down from last spring, providing yet more evidence that the much-touted mobile-payments service from Apple Inc. hasn’t set the world on fire. On the plus side, the December survey of 1,279 consumers for First Annapolis …
-
1 February
Longer Checkouts for EMV Don’t Seem To Be Fazing Consumers in the Early Going
When the U.S. rollout of EMV cards started in earnest last year, many experts predicted consumers would soon tire of the time-consuming chip-reading routine, putting pressure on the payments industry to usher in contactless EMV and more mobile wallets. But that’s not happening, at least not all that much and …
-
1 February
How Mobile Marketing Can Help Boost Mobile-Wallet Adoption And Usage
Just as there are two sides to every coin, there’s a second side to the mobile wallet beyond payments. It’s marketing. That’s one of the takeaways from a recent survey from Vibes, a Chicago-based mobile-marketing specialist. Though the survey of more than 1,000 smart-phone owners found that only 32% of …
January, 2016
-
31 January
Recognizing Greatness in the Payments Industry
NACHA’s annual Payments System Awards recognize the highest degree of achievement in the development, implementation and advancement of electronic payments. These prestigious awards celebrate outstanding accomplishments and superior leadership in innovation, excellence and promotion of the positive environmental impact of electronic payments, statements and billing. Recognizing greatness in the …
-
29 January
MasterCard Posts Growth for Fourth Quarter And 2015 U.S. Purchase Volume And Cards
MasterCard Inc. on Friday said purchase volume made with its U.S.-issued credit and debit cards grew by 8.7% in the fourth quarter and 7.7% for all of 2015, compared with the same periods a year ago. MasterCard also said the number of U.S.-issued credit and debit cards increased. In the …
-
28 January
The EMV-Accepting U.S. Merchant Base Hits 750,000, Visa Reports
More than 750,000 locations representing 17% of the U.S. face-to-face card-accepting merchant base are now enabled to accept EMV chip cards, Visa Inc. chief executive Charles W. Scharf reported Thursday. The EMV acceptance base is up 42% from the 529,000 locations active as of October, when the card networks’ U.S. …
-
27 January
Most Shoppers Indifferent to Merchant Data Breaches, Survey Finds
Consumers seem to be very forgiving of retailers who experience data breaches, according to findings from a recent survey for the Merchant Acquirers’ Committee, a trade group of payment processors. Most customers resume shopping—and using a payment card—at a breached retailer within a few months, and among those that don’t …