7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …

Research firm comScore Inc. said Thanksgiving e-commerce spending on desktop devices totaled $1.57 billion, a 22% increase from last year. Black Friday spending was $2.36 billion, a 20% increase from 2016. ComScore said 115 million consumers visited online retail sites on Thanksgiving, with 61% of them only visiting using a …

So far, nobody is making any money betting on Bitcoin to crash. The digital currency on Sunday soared past the $9,000 mark just five days after hitting $8,000 for the first time, and the $10,000 level could be in sight as early as later Monday, according to Coindesk, an online …

Backers of the so-called SegWit2x proposal to double block size for Bitcoin suspended the effort on Wednesday, citing a lack of “consensus for a clean blocksize upgrade.” The move, which would have occurred around Nov. 16, was an effort to increase transaction capacity for Bitcoin and relieve upward pressure on …

In 2015, 70% of breaches reported by global retailers were directed at POS devices. With the quantity of exploits only increasing, retail CIOs cannot rely on industry minimum guidelines to set out their security strategy. While the Payment Card Industry data-security standard (PCI DSS) provides a strong baseline of security …

Encryption specialist Bluefin Payment Systems said it will provide encryption services to clients of payments provider Accepta LLC. A report from processor Fidelity National Information Services Inc. (FIS) found 25 real-time payments systems in operation globally, up from 19 last year and more than twice the number in 2013. Another …

This malware is a nuisance to many, but could mean big trouble for payments companies. Criminals, much like legitimate businesses, know that the real money is in volume. They would rather have their malicious software on millions of computers than on just a few thousand. The wider the net, the …

Whether the legacy payments players like it or not, the case is strong for much greater intervention by the Fed in improving payments. With July’s release of Part Two of the Faster Payments Task Force Final Report, which speculated that near real-time payments could/should be on the payments scene by …

Our daunting set of sticky wickets this time ranges from data breaches that just don’t stop to debit card pitfalls to travails for P2P and Bitcoin. This is Digital Transactions magazine’s 11th annual ranking of payments woes, and one lesson we’ve learned in all that time is that they don’t …

The PCI Security Standards Council is without a general manager as the organization that establishes electronic-payments security standards prepares to go in a new direction with its leadership. Out is Stephen W. Orfei, who joined the council in 2014 as general manager and replaced Bob Russo, the council’s original G.M. …