• Rite Aid Corp. announced that American Express Co. cardholders now can use their Membership Rewards points for purchases at its drugstores. They also can use their Plenti points earned using the AmEx-backed coalition rewards service • Growth in consumer revolving credit cooled off to a 5.2% seasonally adjusted annualized rate in …
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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 »Beyond the Coffee Plantation
There have been some successes, but loyalty programs tied into mobile-payment systems are still few and far between. What will it take to strengthen the relationship? When you think of loyalty programs seamlessly integrated with mobile payments, only two examples loom large in the minds of the public and many …
Read More »Ransomware’s Perfect Storm
In the literature and in conversations about it, ransomware appears as a curious oddity on the canvass of cybercrime, a menace for which a healthy dose of cyber hygiene will serve as a satisfactory antidote. The standard advice is: “Watch for shady Web sites and phishy emails, and you will …
Read More »PayLease Now Takes PayPal for Rent Payments and other Digital Transactions News briefs
• Payments processor Vantiv Inc. said its eProtect payment-security service now works with Android Pay. Vantiv also announced its validated point-to-point encryption service now includes VeriFone Systems Inc. point-of-sale equipment. • PayPal Holdings Inc. said consumers now can make PayPal payments using PayLease, a payments and billing platform for property …
Read More »Experian Releases E-commerce Fraud Report and other Digital Transactions New briefs
• U.S. Attorney General Loretta Lynch is expected to announce a crackdown on a global mail-fraud scheme that allegedly stole millions of dollars from elderly victims, CNNMoney reported. At the center of the investigation is an Canadian processor named PacNet Services Ltd. that reportedly deposited many of the victims’ checks. …
Read More »Next up: the Money of Things
For almost three decades, the Internet evolved in stealth until it exploded on the public scene and changed everything. Right now, something called “The Internet of Things” is being hatched in geeknests around the world, and it will change everything—again! Sixty billion “things” are projected to combine into a network …
Read More »CVS’s Rx for Mobile Wallets: Loyalty And Privacy
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which in mid-August announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
Read More »Eye on Mobile Payments: More Merchants Take Wallets; Walgreens Brings Loyalty to Android Pay
By Kevin Woodward@DTPaymentNews Mobile payments continue to garner merchant interest as more retailers are accepting mobile wallets, research shows. Meanwhile, drug-store chain Walgreens is making its loyalty program available to users of Android Pay. Thirty-four percent of small businesses accept mobile payments like Apple Pay and Android Pay, finds the …
Read More »A New Mobile Wallet from Pharmacy Giant CVS Shows Further Migration From MCX
Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which on Thursday announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …
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