By Kevin Woodward@DTPaymentNews Consumers appear willing to take more steps to mitigate their online-fraud exposure than merchants are willing to provide, with 78% of consumers willing to enter a card-verification code, but only 57% of merchants requiring it, finds a new American Express Co. survey. Consumers are willing to take …
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Visa Sets April 2018 Deadline for European Issuers To Support 3-D Secure Version 2.0
Visa Inc. announced Thursday that credit and debit card issuers in Europe will be the first issuers to adopt Visa’s program for using 3-D Secure 2.0, the impending update to an authentication protocol for online transactions originally introduced more than a decade ago. Visa said certain rules, such as fraud-chargeback …
Read More »M-Payments Use Remains Flat and other Digital Transactions News briefs
• Mobile e-commerce grew 60% last year to reach $120 billion, with 70% of that total coming through browsers (50%) and apps (20%) accessed via smart phones, according to a new report from Javelin Strategy & Research. • Routine usage of mobile devices to make payments remains flat with last …
Read More »A Survey Backs the Notion That Loyalty Programs Could Spark Wallet Adoption And Usage
By John Stewart @DTPaymentNews While many experts have cited anecdotal evidence that more consumers would adopt and use mobile wallets if they could earn, manage, and redeem
Read More »The Post-Costco AmEx Launches a New Rewards Program and Developer Portal
By Jim Daly@DTPaymentNews With American Express Co. set to report its third-quarter financials Wednesday, the payments industry and Wall Street will be watching for signs from the beleaguered travel-and-entertainment giant about how it will recover from the loss of its cobranded card and acceptance relationship with Costco Wholesale Corp. AmEx …
Read More »Samsung Pulls All Note 7 Devices and other Digital Transactions News briefs
• Payments provider TransFirst, a unit of Total System Services Inc. (TSYS), and Raintree Systems, which provides specialized practice-management software, formed a partnership that sees TransFirst as the integrated payments provider in Raintree’s software. • Following its decision earlier this week to halt production, sale, and exchange of its troubled …
Read More »NFC Forum Releases Four Proposed Specs and other Digital Transactions News briefs
• Payment gateway Shift4 Corp., which claims to have introduced in 2005 the first payment-data tokenization solution, announced it has surpassed the 7-billion mark in tokenized transactions. • The NFC Forum announced it has made available a newly adopted and four candidate technical specifications for near-field communication. The adopted specification …
Read More »How Bots And Natural-Language Searches Could Drive Mobile Shopping And Payments
By John Stewart @DTPaymentNews Ever since the advent of mobile shopping, experts have cautioned that spending in the new channel would be hampered by small screens and clunky interfaces. Now, though, relatively new technology like natural-language interfaces and so-called bots may be coming to the rescue. A new study released …
Read More »Eye on Security: Synchrony Endows UConn Cybersecurity Center; Banks Ignoring Mobile Risk?
By Jim Daly@DTPaymentNews Best known nationally for its powerful basketball teams, the University of Connecticut is about to make a name for itself in cybersecurity. UConn’s School of Engineering and retail credit provider Synchrony Financial on Tuesday announced that Synchrony is providing $2.2 million to fund a new
Read More »Staples Accepts Online Apple Pay and other Digital Transactions News briefs
• Office-supply giant Staples Inc. has begun accepting Apple Pay on its mobile Web site, m.staples.com. Staples early on began accepting Apple Inc.’s mobile wallet in its stores and on its app. Apple recently made the service available for browser-based payments using Safari. • More than half of consumers believe …
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