More U.S consumers are using mobile peer-to-peer payments than are using a smart phone to make a point-of-sale purchase, according to research firm eMarketer Inc. While only 19.4% of consumers made a mobile payment in a store in the preceding six months, 24.9% have made a mobile P2P payment, the …
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A New, Improved 3-D Secure Debuts
It’s Round 2 for the online-authentication technology known as 3-D Secure, and security experts say it stands a good chance of being more popular than the original version. EMVCo, the chip card standards body owned by the world’s six leading payment card networks, released 3-D Secure 2.0 in late October. …
Read More »Why Holiday Gift Card Loads Will Perk up
Retailers can expect a bump up in the dollars consumers load on closed-loop gift cards this holiday season as a festive spirit takes hold and more merchants favor the cards over holiday discounts, according to a forecast released last month by payments consultancy Mercator Advisory Group. “Retailers are expecting that …
Read More »Valued at a Lofty $9.2 Billion, E-Commerce Specialist Stripe Shows Where the Action Is
By John Stewart @DTPaymentNews Stripe Inc.’s latest funding round, in which the privately held San Francisco-based company nearly doubled its valuation to $9.2 billion, shows what startups can do if they’re innovating in the right sector of payments, experts say. Just six years old, Stripe provides tools for payments online …
Read More »MasterCard Debuts Fraud-Prevention Technology and other Digital Transactions News briefs
• Credit cards were implicated in 59% of all fraudulent online transactions for the period stretching from Black Friday through Cyber Monday, up from 49% for the same period last year and from 44% in 2014, according to data from iovation, a device-authentication company. Still, fraudulent traffic overall for the period …
Read More »Affirm Adds Four Integrations and other Digital Transactions News briefs
• Processor Jack Henry & Associates Inc. will resell the Zelle person-to-person payments service to its financial-institution clients under a new agreement with Zelle’s owner, Early Warning Services LLC. • Affirm Inc., whose technology allows consumers to pay over time for online purchases, said it is now integrated with four new e-commerce …
Read More »First Data Is Becoming an ‘Increasingly Competitive’ Processor, Report Says
By Jim Daly@DTPaymentNews Can First Data Corp. shake its reputation as the aircraft carrier of the payments industry, a behemoth processor that is anything but nimble? It can, according to a new report from a securities firm. “First Data becoming increasingly competitive,” says the headline in the report by Chicago-based …
Read More »Momentum Grows for Blockchain As Its Bitcoin Wallet Breaches the 10-Million Mark
By John Stewart@DTPaymentNews Buoyed by seismic political and financial events, the Bitcoin digital currency is picking up momentum in both its value and its adoption. Blockchain, a U.K. company that offers Bitcoin services, last week celebrated having issued 10 million wallets since its founding in 2011. That’s a doubling in …
Read More »With Payments Veteran Rawls at the Helm, iPayment Solicits Resellers To Boost Growth
By Kevin Woodward@DTPaymentNews New York-based iPayment Holdings Inc. has named O.B. Rawls IV chief executive and president and charged the veteran payments executive with guiding the payments company’s plans to increase sales . Rawls, whose prior experience includes First Data Corp., also joins the iPayment board of directors. He has …
Read More »The ETA Sends a Payments-Industry Wish List to President-Elect Trump
By Jim Daly@DTPaymentNews Perhaps when he’s not tweeting, President-elect Donald J. Trump will get around to reading the letter the Electronic Transactions Association sent to him Monday outlining payments-industry proposals for Congress and federal regulators once Trump’s administration takes over in January. “ETA encourages your administration to create a policy …
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