By Kevin Woodward@DTPaymentNews Retailers considering or starting a digital gift card program may do well to study the programs offered by Sephora USA Inc., Starbucks Corp., The Home Depot Inc., Dunkin’ Donuts, and Amazon.com Inc. Their digital gift card programs ranked at the top of a roster of 100 retailers …
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Square Posts Europe Job Openings and other Digital Transactions News briefs
• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
Read More »Looking to Manage Risk, NACHA Sets a Rule Requiring Banks to Register Third-Party Senders
By John Stewart@DTPaymentNews As the automated clearing house network gets set to start a process that will over time speed up credit and debit transactions to
Read More »Oberthur Touts 5-Day EMV Card Production and other Digital Transactions News briefs
• A status conference in the massive credit card interchange case known as MDL 1720 is set for Thursday in U.S. District Court in Brooklyn, N.Y., in the wake of the $5.7 billion settlement in the case being overturned by an appellate court June 30. The case is returning to …
Read More »The Feds Set Their Fifth Bitcoin Auction; Expect More in the Future
By Jim Daly@DTPaymentNews The notion of the federal government auctioning off Bitcoin seized in drug busts and other actions looks like it’s an idea with some staying power. The U.S. Marshals Service on Monday scheduled yet another auction of the virtual currency in the wake of the four it conducted …
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Read More »FIS Reports 43.5% Revenue Increase and other Digital Transactions News briefs
• Q2 Holdings Inc., a vendor of virtual-banking solutions to regional and community financial institutions, announced its plan to begin supporting the origination of same-day automated clearing house transactions on Sept. 23, the day the first phase of a three-phase introduction of same-day ACH is set to begin, as determined …
Read More »Meta Financial Doubles Financial Metric and other Digital Transactions News briefs
• Processor Vantiv Inc. launched the One Network Experience service for software developers. Dubbed O.N.E., the service offers a suite of integration tools, personalized help, and access to an online developer community. • Meta Financial Group Inc. said Meta Payment Systems, a division of MetaBank, a major prepaid card issuer, …
Read More »TMS Adds CNP Services to Groovv and other Digital Transactions News briefs
• In a sign of further global expansion plans, merchant acquirer Square Inc. in June incorporated a business in the United Kingdom called Square Europe Ltd. and began testing its payment system in London, Reuters reported. Besides the U.S., Square already operates in Canada, Australia, and Japan. • Processor Total Merchant …
Read More »Gravity Chief Executive Wins Court Case and other Digital Transactions News briefs
• More than 120 retailers, including Wal-Mart, Target, Kroger, Best Buy, and 7-Eleven, signed a letter urging the U.S. House of Representative’s Financial Services Committee to reconsider the elimination of the Durbin Amendment that would happen if two pending bills become law. • After a three-week trial, a Superior Court judge …
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