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Here are the latest stories from Digital Transactions News. For access to all stories published in the newsletter since its inception, you are invited to visit our Archive.
Google Checkout, Once a PayPal Rival, Will Shut Down in Six Months As Google Pushes Wallet
May. 21, 2013 - The nearly 7-year-old Google Checkout online payment service, once touted as a rival to PayPal, will cease operations in November, Google Inc. announced in a blog ...
ISOs’ Authorization Costs Decline, But Other Processing Expenses Are on Their Way Up
May. 17, 2013 - Good news for independent sales organizations: authorization costs continued their long-term decline over the past two years, according to a recent industry survey. Not-so-good news...
Google Issues Flurry of Wallet News, But No Version 2.0 So Far
May. 16, 2013 - Google Inc. released a trio of announcements on Wednesday concerning its Google Wallet mobile-payments application, but even taken together these did not add up to...
ATM Heists and Global Payments Hack Demonstrate Havoc from Processor Breaches
May. 13, 2013 - Three recent breaches at payment card processors show just how much damage such breaches can do, and provide reminders about how hacked companies do their best to ...
Google’s Decision to Ditch Its Card Adds to Search Giant’s List of Woes in Wallets
May. 13, 2013 - Google Inc.’s apparent decision to abandon its plan to launch a plastic card as part of its Google Wallet service is yet another sign of how major mobile-wallet ...
Google Wallet’s Cloudy Future Becomes Even Cloudier with the Departure of Bedier
May. 9, 2013 - Osama Bedier, vice president of Google Wallet and payments at search-engine giant Google Inc., has left the company, Google said on Thursday. Sources tell Digital Transactions News...
Checkout Proves To Be the Achilles Heel of Mobile Commerce
May. 9, 2013 - Mobile devices may be making it easier for consumers to shop anywhere online, any time, but high shopping-cart abandonment rates are preventing them from cashing in big on this new ...
With ‘Chunky’ Deals in the Works, Vantiv Has High Hopes for its Litle E-Commerce Unit
May. 6, 2013 - Transaction volume at electronic-commerce processor Litle & Co. grew 39% in the first quarter, Litle’s new owner, Vantiv Inc., reported late Monday. Vantiv, a big merchant and...
Inspired by Chase Merchant Services, Other Banks Mull Their Own Potential Deals With Visa
May. 2, 2013 - Visa Inc.’s decision to license a version of its VisaNet processing network to JPMorgan Chase & Co. generated controversy in merchant-acquiring circles when the two companies ...
Nelms: PayPal Deal Helps Make Discover the ‘Alternative Network for Alternative Payments'
May. 1, 2013 - With a major expansion of its arrangement with PayPal Inc. due later this year, Discover Financial Services is now “the alternative network for alternative payme...
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