Digital Transactions Authoritative, insightful and timely information for payments professionals
• Processors Bora Payment Systems, Bottomline Technologies, CSI globalVCard, MineralTree, and Priority Commercial Payments have become the first companies to receive approval from Visa Inc.’s Visa Ready for Business Solutions program, which helps technology companies integrate with Visa’s business-to-business payments services. • In related news, Visa announced it will be equipping the stadiums …
Read More »Search Results for: account verification
Tokens of Appreciation, Indeed
Tokenization is nothing new. Various companies have for years offered the service, which replaces the actual card credentials a thief needs to make illicit purchases—primary account number, card-verification value, expiration date—with a random string of characters for digital transactions. But what is new is that Visa and Mastercard have finally …
Read More »Tokens of Appreciation, Indeed
Tokenization is nothing new. Various companies have for years offered the service, which replaces the actual card credentials a thief needs to make illicit purchases—primary account number, card-verification value, expiration date—with a random string of characters for digital transactions. But what is new is that Visa and Mastercard have finally …
Read More »NAB CEO Offers Details on TMS Acquisition and other Digital Transactions News briefs
• North American Bancard Holdings Inc. and Total Merchant Services Inc. will retain their unique brands and products in the immediate future following NAB’s acquisition of TMS, said NAB chief executive Marc Gardner. NAB announced the TMS acquisition last week. “The TMS brand will remain intact, its sales staff remains as …
Read More »Ninth Annual Field Guide to Alternative Payments
The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …
Read More »THE NOT-SO-FRIENDLY WORLD OF FRIENDLY FRAUD
By Jacob Bennett, ETA CPP It’s important to understand the significance of friendly fraud, the damage it can cause, and how merchants can avoid it. Friendly fraud. The name is misleading as there’s really nothing “friendly” about it. Friendly fraud is a type of chargeback in which a customer …
Read More »Ninth Annual Field Guide to Alternative Payments
The increasing commercialization of mobile payments is showing up in a proliferation of so-called Pays from a bevy of banks, tech companies, and merchants. Time was, a cutting-edge alternative-payment service involved entering card or bank-account details into a branded interface on a laptop computer. Mobile payments were nascent, held back …
Read More »Credit Gets the Credit for Visa’s Higher Quarterly Volumes in the U.S.
Boosted by the addition of two big U.S. credit card programs and its June 2016 acquisition of Visa Europe, just about every operational metric that matters increased by 20% or more for Visa Inc. in the quarter ending March 31. The major exception was U.S. debit, which grew in only …
Read More »Under New Leadership, Klarna’s U.S. Unit Targets Impatient Users With Streamlined Credit
Klarna Inc.’s new boss has big ambitions. Jim Lofgren, vice president of global accounts and partnerships for the Swedish payments processor’s U.S. operation, tells Digital Transactions News there’s plenty of room for growth in what many might perceive as a saturated market for retail credit. “In the U.S., we see …
Read More »Interesting Times
With Republicans now in full control of Washington, big changes could be in the offing for laws and regulations affecting electronic payments. But then again, maybe not. Some say he’s a nominal one, but incoming President Donald Trump officially is a Republican, and when he’s inaugurated Jan. 20 he’ll be …
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