Saturday , October 19, 2024

Search Results for: banking

Interac Fraud at Record Low and other Digital Transactions News briefs

• In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …

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Rambus Debuts Unified M-Payments Service and other Digital Transactions News briefs

• Rambus Inc. introduced its Rambus Unified Payment Platform, which it says will enable mobile-wallet users to pay with credit, points, and coupons in a single transaction. • Payments provider Harbortouch Payments LLC announced a partnership with Strategic Funding Source, a merchant cash-advance provider. • Square Inc. will pay $54.8 million to Starbucks Corp. to cancel …

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SignaPay Launches Cash Discount Program and other Digital Transactions News briefs

• Merchant processor SignaPay Ltd. announced the official launch of its PayLo software, which allows merchants to collect what the company calls a “small” service fee on each transaction processed on merchants’ point-of-sale terminals. The fee is waived if the customer uses cash or a gift card. SignaPay says the software is …

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In the Cascade of Retailer Mobile Apps, Store Cards, Brand Strength Will Matter

By John Stewart @DTPaymentNews Not all private-label charge and prepaid card programs are equally successful, and so neither will be the proprietary mobile wallets recently launched by merchants. Factors that are likely to lead to a successful app include the strength of the retailer’s brand, its commitment to either convenience …

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U.S. Chip Card Saturation Helps Bring Global EMV Growth Nearly to a Standstill

By John Stewart @DTPaymentNews Big markets like the United States and China have been boosting EMV chip card shipments for years, but now those two growth engines are sputtering. Worldwide contactless EMV. Currently, most EMV cards in the U.S. market require users to insert the card into a chip reader …

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Chase Payments Extends Referral Plan and other Digital Transactions New briefs

• First Data Corp. expanded its deal with ShopKeep, a cloud-based point-of-sale provider, that makes ShopKeep’s POS software available through its distribution network. ShopKeep also will incorporate First Data’s payment processing and security tools. This includes the Clover Go software developer kit and enables ShopKeep software to operate on Clover hardware. • …

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With Its New Line of ATMs, NCR Hopes To Attract ‘Digital Natives’

By Jim Daly@DTPaymentNews ATM manufacturer NCR Corp. on Tuesday unveiled its line of SelfServ 80 Series, machines NCR says are designed for “today’s mobile-first, omni-channel consumers.” The line currently has 4 models, and several large banks and mid-sized credit unions have already begun deploying them. “There are in the thousands …

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iPayments Inks Company.com Deal and other Digital Transactions News briefs

• Merchant processor iPayment Inc. will offer business services to its client base from cloud-based provider Company.com under a new agreement between the companies. • Merchant processor Fidelity Payment Services has selected PAX Technology as its preferred provider of EMV terminals and PIN pads. • Virtual Piggy Inc. announced it is working with …

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PayPal Cooperating with Dept. of Justice Subpoena and other Digital Transactions News briefs

• PayPal Holdings Inc. reported in a filing that it has received subpoenas from the U.S. Department of Justice “seeking the production of certain information related to our historical anti-money laundering program.” PayPal said it is cooperating with the DoJ and cannot predict the outcome of the government’s investigation. • A point-of-sale software …

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A Payments-Industry Divide Opens in the Debate About Dumping the Durbin Amendment

By Jim Daly@DTPaymentNews For more than six years, most of the debate about the Dodd-Frank Act’s Durbin Amendment has been relatively straightforward. Merchants like Durbin because they pay less in debit card acceptance costs under the amendment’s interchange price cap affecting card issuers with more than $10 billion in assets. …

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