Digital Transactions Authoritative, insightful and timely information for payments professionals
• Starbucks Corp. says mobile payment represented 24% of total U.S. tender in fiscal 2016’s second quarter, and the coffee company’s Mobile Order & Pay service accounted for 4% of total transactions, or about 8 million per month, up 40% from the first quarter.
• Citing a “large increase” in fraudulent gift card purchases, supermarket chain Giant Food has banned sales of major-network prepaid cards with credit cards, KrebsOnSecurity reported; Giant now requires cash or PIN-based debit cards to buy prepaid cards.
• A survey of financial institutions by risk-control software firm NICE Actimize found that 93% of respondents anticipate new fraud threats as a result of the movement to same-day automated clearing house transactions.
• RDM Corp. has introduced a new line of scanners for check conversion, the EC9600i single-feed network line, which can be accessed over an in-store network by payment terminals, mobile devices, and desktop computers regardless of operating system or browser.
• Retail card processor and lender Synchrony Financial reported $27 billion in purchase volume for the first quarter, up 17% from a year earlier.
• Yiftee introduced Text-a-Gift, a text-message service that lets brands remind recipients of e-gift cards on the Yiftee platform to redeem their gifts.
