Friday , October 18, 2024

Search Results for: virtual card

The Real Lesson of EMV

The influence of fraud prevention on checkout and customer experience is often underestimated because the two priorities seem unrelated. But as EMV has shown, that’s not the case. EMV adoption is progressing, but there’s still a long way to go, particularly as regards customer experience. In fact, the shift to …

Read More »

OnDeck’s Lending Volume Grows and other Digital Transactions News briefs

• The Michigan Department of Health and Human Services and its Michigan State Disbursement unit are allowing parents who choose a cash option online for child-support payments to make the payments at 7-Eleven and Family Dollar stores, with processing handled by PayNearMe. The arrangement follows a similar venture in which PayNearMe …

Read More »

FIS Reports 43.5% Revenue Increase and other Digital Transactions News briefs

• Q2 Holdings Inc., a vendor of virtual-banking solutions to regional and community financial institutions, announced its plan to begin supporting the origination of same-day automated clearing house transactions on Sept. 23, the day the first phase of a three-phase introduction of same-day ACH is set to begin, as determined …

Read More »

Contactless Transit Payments Could Bloom Globally With Cubic’s TfL Licensing Deal

A little bit of London may find its way into the hands of U.S. transit riders. Cubic Transportation Systems, a unit of Cubic Corp., will license contactless ticketing technology developed by Transport for London, the U.K. capital’s transit agency, for use with similar agencies around the world. TfL’s technology enables transit …

Read More »

Retailers Urge House to Reconsider Bills That Would Repeal the Durbin Amendment

More than 120 retailers sent a letter Tuesday to the U.S. House of Representative’s Financial Services Committee urging the panel to reconsider two measures that would repeal the Durbin Amendment in 2010’s Dodd-Frank Act. The bills stand virtually no chance of becoming law while Barack Obama remains president, but with …

Read More »

Wendy’s Data Breach Affected 1,000 Locations and other Digital Transactions News briefs

• A payment card data breach reported in May by the hamburger chain Wendy’s Co. was much more extensive than originally thought, the company said Thursday, according to Reuters. Wendy’s now says the breach affected approximately 1,025 stores, or about 18% of the company’s U.S. and Canadian units. In May, …

Read More »

Masterpiece or Showpiece?

Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …

Read More »

Masterpiece or Showpiece?

Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …

Read More »

Uncertainty Shrouds Huge Interchange Settlement After Appellate Court’s Stunning Veto

A federal appeals court on Thursday threw out a massive agreement initially reached four years ago over card-network interchange and acceptance rules, drawing a sudden veil of uncertainty over crucial legal matters much of the payments industry had thought were all but settled. In a 41-page opinion studded with sometimes …

Read More »

Apple Pay Will Come to the Web Later This Year—But Only for Safari Browsers

Apple Inc. is bringing its Apple Pay service, originally restricted to apps and the Apple mobile wallet, to e-commerce sites on the Web. Apple Pay on the Web will be available this fall as part of the iOS 10 mobile and macOS desktop software updates. “We wanted to bring the …

Read More »
Digital Transactions