Digital Transactions Authoritative, insightful and timely information for payments professionals
Executives at Adyen N.V. maintained an upbeat tone Thursday in the face of a global coronavirus pandemic that has shut down many businesses, thrown consumers out of work, and upended shopping habits. “Our business has proved itself resilient despite the impact of the pandemic,” said Pieter van der Does, chief …
August, 2020
July, 2020
-
17 July
COMMENTARY: Covid-19 Changed Demand for Cashless Payments. Are Small Businesses Ready?
The month of June gave Google Pay an extended moment. Early in the month, the tech press started circulating rumors that Google planned to add merchant buttons inside the app. This feature would allow both digital and brick-and-mortar businesses to accept customer payments within Google Pay. But users in India …
-
14 July
COMMENTARY: How 3-D Secure 2.0 Will Change the Payments Industry
With the massive increase in e-commerce this year, and new merchants moving to an online model out of necessity, combating card-not-present fraud is incredibly important. EMV 3-D Secure 1.0 (or 3DS1) has been continually upgraded as technology and consumer habits changed; however, from its first iteration it has always had …
-
10 July
Fraudsters’ Schemes to Get a Share of Covid-19 Stimulus Funds Draw a Warning From FinCEN
With trillions of dollars in federal stimulus money sloshing around in the economy to help consumers who have lost their jobs due to Covid-19, fraudsters are ratcheting up their efforts to get a piece of that pie. Two popular plans of attack are imposter scams, where criminals impersonate representatives of …
June, 2020
-
9 June
Battling Business Email Compromise with Payment Verification
By Giact Business email compromise (“BEC”) attempts have skyrocketed in recent weeks. According to the FBI, fraud operators are using the “uncertainty surrounding the Covid-19 pandemic to further their efforts.” With many in the U.S. shifting to a work-from-home environments, without the infrastructure and security in place to defend against …
May, 2020
-
8 May
TRANSACT Connect – Virtual Environment, Real-World Benefits.
The meaning of meetings has changed. In-person contact is so vital to the payments ecosystem – not only in the way some of its products are used, but also in the way that those products are sold to merchants, and industry partnerships are formed. The Electronic Transactions Association, producers of …
January, 2020
-
7 January
Uber Adds Public-Transit Payment Option in Las Vegas
After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …
December, 2019
-
11 December
Mastercard Starts Pilots in Australia to Test Its Vision for a Consumer-Controlled ID Model
Mastercard Inc. on Wednesday announced it has begun its first real-world pilots for a new digital-identity system the company says has the potential to dramatically simplify payments and other interactions between consumers and government and commercial entities. Two separate pilots for the new service, which relies on mobile devices, are …
-
11 December
Possible Widening of Desjardins Breach and other Digital Transactions News briefs from 12/11/19
Quebec-based Desjardins Group said the former employee suspected of orchestrating a massive data breach that affected 4.2 million members of the big credit-union federation also had access to the personal information of a further 1.8 million credit card holders who are not Desjardins members, the CBC reported.ACI Worldwide released the latest version …
October, 2019
-
17 October
How ISOs are outsmarting flat production trends
John Newton – Vice President of Sales, Strategic Partnership Channel, First American Payment Systems If one-to-many isn’t part of your ISO’s growth strategy, it should be. The days of selling on price and free equipment are in the rearview mirror. Product parity has leveled the playing field, with market compression …