Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …
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7.1 Billion EMV Cards in Circulation and other Digital Transactions News briefs from 4/19/18
NCR Corp. is the top provider of multivendor software for ATMs globally, according to U.K.-based research firm RBR. The company controls 32% of the installed base of 1.3 million machines running the software, 12 points higher than the second-place vendor. EMVCo, the chip card standards organization owned by the major …
Read More »MagTek Launches E-Signature Service and other Digital Transactions News briefs from 4/18/18
Netherlands-based processor Adyen reported that it generated $1.14 billion in revenue last year, up $400 million over 2016, on merchant volume of $122 billion, up 61%. Recent press reports have speculated that Adyen, which has U.S. operations headquartered in San Francisco, is considering an IPO. Shares in online marketplace eBay …
Read More »China and Venezuela Lead in E-Commerce Fraud Attacks, Experian Reports
Russia gets a bad rap because of its notorious hackers, but more U.S. e-commerce fraud originates from China and Venezuela than Russia, according to a new report from Experian plc. Experian, which is based in Dublin, Ireland, but has large U.S. businesses in credit reports and marketing and data services, …
Read More »AmEx To Pull the Plug on Its Plenti Rewards Program After Determining That It Isn’t Rewarding
American Express Co. disclosed Monday that it will end its multi-merchant Plenti rewards program on July 10. AmEx announced the closure through a tweet on the Plenti Twitter feed and on Plenti’s Web site. “While Plenti has grown in scale since its launch, a number of factors, including shifting priorities …
Read More »Klarna Will Bring a 30-Day Pay Later Option to the U.S. Market This Summer
Klarna Inc. is bringing another of its buy now/pay later products to the U.S. market this summer with broader availability later in the year. That’s the word from Jim Lofgren, chief executive of Klarna Inc., the North American arm of the Sweden-based online payments firm. Lofgren, speaking to Digital Transactions …
Read More »Coinstar in Bill-Pay Deal and other Digital Transactions News briefs from 4/12/18
The Electronic Transactions Association joined with more than 100 other groups spanning a variety of industries in signing a letter to the House Ways and Means Committee expressing concern about tariffs proposed by the Trump Administration on Chinese imports. The ETA’s concern is that a proposed tariff on cash registers …
Read More »Three Ways You Can Prepare Your Retail Business for mPOS
If you’ve decided to invest in a mobile point-of-sale (mPOS) solution for your retail stores, you’re already aware of the array of benefits it offers your business. However, many retailers face challenges in implementing their new mPOS technologies. That’s why it’s important to have a plan in place to address …
Read More »Who’s Afraid of Cryptocurrencies?
Can any of the largest crypto coins evolve into an everyday payment instrument? Here’s what it will take to make that happen. One year ago, there were two digital currencies whose total coins in circulation were worth more than $1 billion. They were Bitcoin, at $19 billion, and Ethereum, at …
Read More »The Manual-Review Question
It might be time to think about the future of human intervention for e-commerce transactions, especially as criminal sophistication increases exponentially. The lifeblood of any retailer is ensuring that as many valid transactions are completed as possible. E-commerce merchants, in particular, will go to great trouble to validate as many …
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