Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart With Google Inc.’s Sept. 10 launch of Android Pay, competition in the mobile-payments market heated up to an even higher temperature. But in all the talk about tech companies, handset makers, and banks ushering in services like Android Pay, Apple Pay, and Samsung Electronics Co. Ltd.’s Samsung …
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After Overstock, Klarna Looks To Add 50 to 60 U.S. Merchants By Year’s End
By Kevin Woodward Klarna, a Sweden-based payments company that enables consumers to take 14 days to pay for online purchases, says its deal announced Tuesday with Overstock.com is the first of many it expects to make with e-commerce retailers this year. Retailer Overstock.com sells a broad range of merchandise, and …
Read More »Growing Mobile Use Among Consumers Is Attracting More Criminals, Says New Report
Growing consumer use of mobile devices like smart phones is making the devices more attractive to criminals trying to capture payments data. That’s the assessment from ThreatMetrix Inc., a San Jose, Calif.-based data-security company, in its “Cybercrime Report: Q2 2015” report, which analyzed more than 75 million attacks that were …
Read More »Chastened ISO Execs Caution Colleagues on How To Avoid Regulators’ Ire
Two independent sales organization executives who ran afoul of government regulators cautioned their industry colleagues Thursday on how to stay out of trouble. The warnings came during a session at the MidWest Acquirers Association (MWAA) annual conference in Chicago titled “You, Me and the FTC: Personal Stories From Being in …
Read More »AmEx Joins Battle at Online Checkout With An ‘UnWallet’ Built for Its Cards
By John Stewart With Visa Inc. and MasterCard Inc. making headway with online merchants with their streamlined checkout services, it was only a matter of time before network rivals introduced their own versions. American Express Co. did just that Thursday, announcing what it is calling an “unwallet” to allow its …
Read More »How To Pick a Payment Processor
It’s a huge decision for any business, but it can be especially crucial for a small one, says Dan Leberman. Here are some important considerations to make the job a little easier. Even if you have coding experience, tackling a heavy-lifting payments integration carries substantial opportunity cost. And if you …
Read More »COMMENTARY: Why I Have Only One Apple Pay Credential Loaded for Apple Watch
There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …
Read More »COMMENTARY: How to Pick a Payment-Processing Provider the Smart Way
By Dan Leberman Every business owner needs to process customer payments, but selecting a payment processor can be very confusing. To make the selection simpler, get started by identifying and prioritizing the most important factors for your business. Based on PayPal’s own best practices, here are top considerations for every …
Read More »Federal Court Orders Defendants in Newtek Case To Pay $1.7 Million Fine to FTC
Already found liable for its role in a telemarketing scheme that defrauded consumers, Universal Processing Services of Wisconsin LLC, doing business as Newtek Merchant Solutions, now will have to pay its share of a $1.7 million fine, a U.S. District Court judge ruled last week. The Federal Trade Commission in …
Read More »Hotel Management Firm Finds Malware on Its POS Systems for the Second Time Since 2013
White Lodging Services Corp., an independent hotel-management firm, this week announced a “suspected breach” of the point-of-sale systems for the food and beverage operations in 10 hotels it manages. This incident follows a breach of the POS systems at the food and beverage locations in 14 White Lodging-managed hotels in …
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