Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews Having made peace with Visa Inc. in July, PayPal Holdings Inc. announced a similar agreement Tuesday with MasterCard Inc. that further extends the online payments leader’s reach at the point of sale. But PayPal’s new accord has some differences from the one it reached with Visa, most …
Read More »Digital River Releases Subscription Payments Paper and other Digital Transactions News briefs
• E-commerce services provider Digital River Inc. released a white paper, “The Subscriptions Generation,” which offers guidance for e-commerce decision-makers and product marketers considering online subscription-based business models. • The Western Union Co. announced it is offering free money transfers from agent locations in most countries to more than 450 agent …
Read More »Behind the Rise in Debit Fraud
The fraud bug struck debit card issuers last year, and the illness spared neither signature nor PIN-based varieties of debit. Researchers identified a big increase in skimming as part, but only one part, of the cause. According to the 2016 Debit Issuer Study commissioned by Discover Financial Services’ Pulse electronic …
Read More »CVS’s Rx for Mobile Wallets: Loyalty And Privacy
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
Read More »Stuck at a Toll Booth With No Cash Or Transponder? Now There’s an App for That
By John Stewart @DTPaymentNews For drivers passing through the Chicago area, there’s now an app that will handle payment on the 292-mile-long ribbon of toll roads snaking through 12 counties in Northern Illinois. FastToll, from a Las Vegas-based developer called Pragmistic LLC, arrives just ahead of the Labor Day weekend, …
Read More »Extreme Tix Debuts App and other Digital Transactions News briefs
• Mobile-ticketing platform Atom Tickets announced its app now works with 200 more theaters in 40 new markets across the country, including San Francisco, Seattle, Portland, Ore., Denver, and Sacramento. Partners include AMC Theaters, Regal Cinemas, and Studio Movie Grill. • In related news, mobile-ticketing specialist ExtremeTix Inc. introduced a …
Read More »As EMV Takes Hold, Chip-On-Chip Transactions Hit 46% of Payments at CardFlight
By Kevin Woodward@DTPaymentNews A vital measure of the U.S. payment card industry’s migration to EMV chip transactions is advancing smartly for mobile point-of-sale provider CardFlight Inc. New York-based CardFlight says 46% of the transactions processed via its gateway in June were made with chip cards using EMV readers. That’s an …
Read More »With Its Latest Results, the ACH Extends Its String of 5%-Plus Growth Quarters
By John Stewart @DTPaymentNews Traffic on the nation’s automated clearing house network has perked up over the last couple of years, and the latest statistics show no slacking off in that trend. Second-quarter transaction volume on the ACH grew 5.6% in the quarter ended June 30, down from the first …
Read More »UnionPay Acceptance Locations Increase and other Digital Transactions News briefs
• The ATM Industry Association issued an updated position paper in support of variable surcharges, or so-called “convenience fees,” for ATM transactions; the trade group says global network policies effectively force ATM deployers to assess uniform surcharges despite differences in network interchange rates and fees, and that the coming of …
Read More »By Renaming clearXchange, Early Warning Hopes Zelle Will Be the Belle of the P2P Ball
By John Stewart@DTPaymentNews The big banks that run clearXchange are getting around to slapping a brand name on the peer-to-peer payments network, five years after founding it. The new name is going to be Zelle, confirms a spokesperson for Early Warning Services LLC, the Scottsdale, Ariz.-based fraud-management company that real-time …
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