Three years after the EMV liability shift, fallback fraud, which bypasses protections against counterfeit card use, remains a problem for the U.S. payments industry, Auriemma Consulting Group said. Its data found that fallback fraud, which typically is a problem when markets first adopt EMV, still makes up more than 20% of …
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PaySimple in MarketSharp Deal and other Digital Transactions News briefs from 11/6/18
E-commerce platform 3dcart announced an integration with TradeGecko, a cloud-based inventory-management platform for business-to-business companies. The integration means online retailers can synchronize their 3dcart store with their TradeGecko account, 3dcart said. Payments provider PaySimple announced its services are now available to users of MarketSharp, marketing and management software program for …
Read More »Cardtronics Lands RaceTrac ATM Placement and other Digital Transactions News briefs from 11/5/18
Cardtronics plc said it is the exclusive ATM provider to 121 RaceTrac convenience stores in the Dallas-Fort Worth area. The ATMs bear the Credit Union of Texas brand. Worldpay Inc. announced a multiyear agreement to be the exclusive provider to the National Association of Convenience Stores Payment Processing Program, which …
Read More »Cardtronics Feels 7-Eleven Impact and other Digital Transactions News briefs from 11/2/18
ATM network owner Cardtronics plc reported revenues of $340.2 million for the third quarter, down 15% from $402 million a year earlier primarily because of the removal of its ATMs from its former largest retailer customer, 7-Eleven Inc., and currency effects. U.S. same-store withdrawal transactions rose 6%, driven by growth …
Read More »AmEx Announces Small Business Saturday Plans and other Digital Transactions News briefs from 11/1/18
By 2023, in-car commerce will total $265 billion annually on more than 8.2 billion transactions from 775 million consumer vehicles, according to projections from Juniper Research. American Express Co. announced a slate of programs for its ninth annual Small Business Saturday, set for Nov. 24. Mastercard Inc. said it will work with …
Read More »12th Annual The 10 Most Pressing Issues in E-Payments
If understanding a problem is the first step toward a remedy, here are 10 first steps for the executives who must grapple with the complexities of payments every day. Well, here we are with our annual list of the 10 issues causing the most sleepless nights for payments executives these …
Read More »The Scariest Security Nightmares in Payments
Digital Transactions examines the five most worrying cyberthreats facing payments companies and asks experts what can be done to guard against them. Hackers are more sophisticated, better funded, better equipped. and more skilled at finding cracks in cybersecurity systems than ever. By adopting advanced technologies such as artificial intelligence, encryption, …
Read More »Security Notes: The Real Key to Frictionless Payments
A payor either owns the money he pays or is commissioned to pay on someone’s behalf. There is no other honest option, right? Well, Alice could hand money over to an escrow agent and instruct her to make the money available to her grandson, Bob, to buy a nice jacket …
Read More »Amazon Seeks Western Union E-commerce Aid and other Digital Transactions News briefs from 10/31/18
USA Technologies Inc., a vendor of payment-acceptance technology for self-serve machines, launched its ePort G9 in Canada. The device accepts contactless debit cards equipped with Interac Flash. The Western Union Co. said it has been asked by Amazon.com Inc. to develop a service that will allow overseas shoppers to pay …
Read More »NCR’s New CEO Started Eyeing Payments Soon After Taking the Company’s Reins
Payment processing is something NCR Corp. president and chief executive officer Michael D. Hayford thought the ATM manufacturer and point-of-sale software provider should add to its menu of services since he took the company’s top post six months ago. He’ll get his wish if NCR’s $184 million deal to acquire …
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