Digital Transactions Authoritative, insightful and timely information for payments professionals
How do you combine mobile check deposit with prepaid cards to offer immediate funds to customers without bank accounts? Ingo Money says its mobile app is the answer. Mobile deposit capture technology has made it easier than ever for consumers with bank accounts to deposit a check. Simply open the …
Read More »Search Results for: account verification
Working with Card Issuers, Tender Armor Offers an Anti-Fraud Tool for E-Commerce
Newly launched Tender Armor hopes its CvvPlus product can help issuers, merchants, and consumers combat the risk from fraudulent card-not-present transactions, the company announced Wednesday. The Fort Lauderdale, Fla.-based company says CvvPlus can help stem online fraud by providing a daily card verification code that is not printed on a …
Read More »Luxury Items Top Online Fraudster Wish Lists, But So Do Business Services
Just like law-abiding consumers, criminals hope to score good deals during the holiday shopping season. And luxury items and business services, such as hosting plans and search engine optimization, top their lists, finds an analysis by Forter, a San Francisco-based fraud-prevention specialist. In a report released on Monday, Forter analyzed …
Read More »9th Annual The 10 Most Pressing Issues in E-Payments
2015 is the year of EMV, as much for the various ways chip cards are causing anxiety for the payments business as for their putative benefits. But a host of other issues is keeping payments executives awake these days, as well. Well, it seemed like a good idea at the …
Read More »With Technology from VocaLink And FIS, TCH Sees a Faster Way to Real-Time Payments
With two key announcements this week, The Clearing House Payments Co. LLC has brought the finish line much closer in its run to build a U.S. real-time payments system. While the New York City-based company has not set a date for completion, senior executives told Digital Transactions News Tuesday TCH …
Read More »Worlds Beyond Bitcoin
You may or may not buy into Bitcoin, but you’re going to love the blockchain. Or so say those who are adopting Bitcoin’s ledger technology for everything from stock exchanges to ticket sales. When the speculative bubble that had driven the price of a single Bitcoin to four-figure heights burst …
Read More »Time for the Abuse To Stop
From leases lopsided in acquirers’ favor to a bevy of bogus fees, dodgy ISOs, sponsoring banks, processors, and leasing companies are exacting a moral as well as monetary cost on the industry. Here’s what’s going on—and how to clean it up once and for all. Picture this. You’re at a …
Read More »COMMENTARY: Why I Have Only One Apple Pay Credential Loaded for Apple Watch
There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …
Read More »Eye on Security: Heartland Theft, PA-DSS Updated, Sally Beauty Confirms Second Breach
Four computers containing Social Security and bank-account numbers for an estimated 2,200 individuals have been stolen from a California office of merchant processor Heartland Payment Systems Inc.’s payroll-processing division, Heartland reported Monday. Also on Monday the PCI Security Standards Council updated its rules governing payment card software. And in other …
Read More »Mobile Wallet Wars: Part One Big-Time Gladiators in the Arena
Five big players are slugging it out to win what has proven to be all-too-elusive: consumer and merchant adoption. Here’s a close look at the Big 5’s strengths and weaknesses. (Editor’s Note: This is the first part of a two-part examination of the current landscape for mobile payments. Look for …
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