Digital Transactions Authoritative, insightful and timely information for payments professionals
• EDGE Mobile Payments LLC, which offers a card-consolidation device, said it is offering users of the former Coin card a discount on the purchase of its EDGE Card. Fitbit Inc. purchased Coin in 2016, and the service was shuttered earlier this year. • PayPal Holdings Inc.’s dominance in e-commerce payments …
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Hard to Swallow?
The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card standard is more than 20 years …
Read More »Hard to Swallow?
By Jim Daly and John Stewart The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card …
Read More »First Data’s New Fraud-Detection Tool Features Real-Time Algorithm Updating
First Data Corp. is hoping that its scale—it says it processes more than 2,800 transactions per second coming from more than 6 million merchants—will give its new Fraud Detect service an edge in thwarting fraudulent transactions. Announced Thursday, Fraud Detect uses artificial intelligence and machine learning, fraud scoring, cybersecurity intelligence, …
Read More »Shift4 Founders Make a Shift and other Digital Transactions News briefs
• Phillips 66 Co. moved closer to the launch of its mobile-payments service for fuel purchases with the unveiling of its mobile-commerce platform developed in conjunction with P97 Networks Inc. and JPMorgan Chase & Co.’s Chase Pay. • Payment gateway Shift4 Corp. announced its cofounders, J. David Oder and Katherine Oder, are entering …
Read More »Investors Pour More Funding Into Cybersecurity Startups As Cyberthieves Ramp up Attacks
As cyber attacks grow more vicious, investors are pouring more money into startups whose technology is aimed at thwarting online thieves. Funding deals for private cybersecurity firms reached 139 in the first quarter, the highest quarterly number recorded over the past five years by CBInsights, a New York City-based research …
Read More »COMMENTARY: Can the Payments Industry Meet the Challenge of Digital Commerce?
The payments industry is going to have to make some changes to ensure the long-term success of digital consumer-to-business payments. U.S. digital sales are thriving, and consumer demand will only continue to grow. According to a report from the U.S. Department of Commerce, U.S. online retail sales nearly quadrupled in …
Read More »Do Business Owners Realize That You Are The One to Ask?
Business owners today can’t avoid hearing the industry’s new buzz words: Big data, omnichannel marketing, data analytics, mobile payments and loyalty, to name a few. Merchants know they need them, but many of these important prospects do not know how to find the best solutions, all in one place, …
Read More »Western Union Reports Revenue Bump and other Digital Transactions News briefs
• Apple Inc., in its results for the second quarter ending April 1, said Apple Pay is available now in 15 markets, having launched in Taiwan and Ireland in March. Globally, that includes 20 million contactless-ready locations, of which 4.5 million are in the United States, said chief executive Tim Cook during …
Read More »The Demanding Consumer: Payments Expectations Rising Fast, Adyen Survey Shows
In-store shopping isn’t going anywhere. That’s the finding of a survey from online processor Adyen. That’s especially true for pre- and post-purchase needs. And it’s just one sign of how much more demanding consumers are becoming when it comes to payments and related transactions. Eighty-six percent of consumers want to …
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