With e-commerce taking an ever-greater share of total retail sales and mobile commerce accounting for an ever-greater share of e-commerce, merchants need to start treating m-commerce fraud control as more than a subset of online fraud control. That was the word Tuesday from Susan Pandy, the director of payment strategies …
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Cayan Announces Squirrel Deal and other Digital Transactions News briefs
• Forty-seven states and the District of Columbia reached an $18.5 million settlement with Target Corp. over its 2013 data breach, the Illinois Attorney Generals office announced. The breach affected more than 41 million payment card accounts and the contact information for more than 60 million consumers, the attorney general press release …
Read More »COMMENTARY: Can the Payments Industry Meet the Challenge of Digital Commerce?
The payments industry is going to have to make some changes to ensure the long-term success of digital consumer-to-business payments. U.S. digital sales are thriving, and consumer demand will only continue to grow. According to a report from the U.S. Department of Commerce, U.S. online retail sales nearly quadrupled in …
Read More »Clearent Offering Quick Chip Technology and other Digital Transactions News briefs
• Processor First Data Corp. unveiled its First Data Global PFAC service for payment facilitators, which includes a single integration interface that enables merchants to authorize, settle, and fund transactions in more than 40 countries and 17 currencies. • Payment processor Clearent LLC is offering Visa Inc.’s Quick Chip technology to software vendors as …
Read More »Do Business Owners Realize That You Are The One to Ask?
Business owners today can’t avoid hearing the industry’s new buzz words: Big data, omnichannel marketing, data analytics, mobile payments and loyalty, to name a few. Merchants know they need them, but many of these important prospects do not know how to find the best solutions, all in one place, …
Read More »Masterpass Books Expedia and other Digital Transactions News briefs
• Mobile-payments provider LevelUp said it has closed a $50 million funding round with participation by existing investor JPMorgan Chase & Co. as well as US Boston and CentroCredit Bank. LevelUp, which says its user count is nearly 1 million, is the subject of a lawsuit by competitor CardFree Inc. alleging LevelUp fraudulently …
Read More »The Pays Users To Surpass 150 Million by the End of 2017, Predicts a Juniper Report
The number of consumers using at least one of the major third-party mobile-payment services—Apple Pay, Android Pay, or Samsung Pay—will top 150 million globally by the of 2017, says Juniper Research, a U.K.-based firm, in its “Is OEM-Pay the Future of Contactless” report. Some 50 million of them will begin …
Read More »EVO Makes Another Acquisition and other Digital Transactions News briefs
• EVO Payments International announced it purchased the remaining ownership interest in Zenith Merchant Services, a Montreal-based payments provider. Terms were not disclosed. • Payments processor Computer Services Inc. has integrated data from Dow Jones Risk & Compliance for sanctions screening to help clients control the risk of doing business with politically …
Read More »Bambora Makes U.S. Debut and other Digital Transactions News briefs
• Merchant processor Cayan has acquired Dallas-based Card Payment Services LLC, which processes more than $700 million annually for the waste-disposal industry. Terms were not announced. • Beanstream, a Canada-based payments provider that operated in the United States as Beanstream USA, has adopted its parent company’s name—Bambora—and will now will act as the …
Read More »USA Technologies ePort Growth and other Digital Transactions News briefs
• Visa Inc. said its April 2019 date for compliance with 3-D Secure 2.0, an online-commerce fraud-prevention standard, applies globally. In 2016, Visa had said compliance would start with Europe in April 2018. “We felt it was easier for our various stakeholders to have a single global date, so we aligned Europe accordingly,” …
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