By John Stewart @DTPaymentNews Traffic on the nation’s automated clearing house network has perked up over the last couple of years, and the latest statistics show no slacking off in that trend. Second-quarter transaction volume on the ACH grew 5.6% in the quarter ended June 30, down from the first …
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VeriFone EMV App Updated on TSYS’ Network and other Digital Transactions News briefs
• VeriFone Systems Inc. released an updated version of the EMV application for point-of-sale terminals used on processor Total System Services Inc.’s network that now includes EMV tip adjust among other functions. • ClickBid, a provider of mobile-bidding technology, says it is using hosted fields from Braintree, a unit of PayPal …
Read More »Eye on Card Security: Two More Hotel Chains Report Data Breaches
By Jim Daly@DTPaymentNews Two hotel and resort chains this week reported apparent data breaches involving payment cards used at their locations. These latest compromises come less than two weeks after compromise occurred between early March and mid-June. Millennium, which has 14 luxury or boutique U.S. properties, isolated and then took …
Read More »By Renaming clearXchange, Early Warning Hopes Zelle Will Be the Belle of the P2P Ball
By John Stewart@DTPaymentNews The big banks that run clearXchange are getting around to slapping a brand name on the peer-to-peer payments network, five years after founding it. The new name is going to be Zelle, confirms a spokesperson for Early Warning Services LLC, the Scottsdale, Ariz.-based fraud-management company that real-time …
Read More »Visa And MasterCard Deny Home Depot’s Claims But Shed No Light on Disputed Fees
By Jim Daly@DTPaymentNews In new court filings, Visa Inc. and MasterCard Inc. are denying the antitrust allegations that The Home Depot Inc. leveled against them in a June lawsuit. That’s no surprise, but the networks’ responses leave some arcane network fees shrouded in mystery. Visa and MasterCard filed answers to …
Read More »Square Posts Europe Job Openings and other Digital Transactions News briefs
• Guardian Analytics, a fraud-risk technology vendor, introduced what it says is the industry’s first real-time service to detect fraud in same-day automated clearing house transactions. Same-day ACH is scheduled to begin processing Sept. 23 with ACH credits, leaving some experts concerned that originating and receiving institutions will have less …
Read More »Eddie Bauer Discloses POS Breach and other Digital Transactions News briefs
• Apparel retailer Eddie Bauer LLC said payment cards used at its more than 350 U.S. and Canadian stores from Jan. 2 to July 17 may have been compromised by malware placed on its point-of-sale systems, KrebsOnSecurity.com reported. The malware has been removed; Eddie Bauer said the “intrusion was part …
Read More »For Many Players, Same-Day Clearing May Be ‘Just Good Enough,’ Analyst Argues
By John Stewart @DTPaymentNews When it comes to faster payments, most of the U.S. payments industry’s focus lately has been on the glamorous option of real-time settlement, but sentiment is beginning to emerge that says same-day payments may just be fast enough. Those who make that argument point out that …
Read More »Wargaming Uses RedD Shield and other Digital Transactions News briefs
• KeyBank announced it is supporting the Masterpass digital wallet from MasterCard Inc., which recently revamped Masterpass to stress in-store payments. • Wargaming, an online-games producer, has deployed the ReD Shield anti-fraud system from ACI Worldwide throughout Europe and now plans to deploy it globally. • WesBanco Bank Inc. will instantly issue …
Read More »With 30% of POS Terminals Still on Dial-Up, TNS Debuts Dial-Up Backup Service
By Kevin Woodward@DTPaymentNews Acquirers that service merchants that still use dial-up point-of-sale terminals have a new option for connecting these no-longer-mainstream devices to processors with the launch of a new product from Transaction Network Services Inc. Announced Tuesday, the service from Reston, Va.-based TNS provides acquirers with one connection to …
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