Fit Pay Inc. will bring contactless-payment technology to wearable devices in Australia under an agreement with Australia and New Zealand Banking Group Ltd. Fit Pay is a unit of Florida-based NXT-ID Inc. Payments provider BlueSnap Inc. announced integrations with six software and services providers. Bluefin Payment Systems said it received …
Read More »Global ATM Cash Withdrawal Volume Grows and other Digital Transactions News briefs from 12/18/17
Visa Inc. fired one of its most prominent executives, Jim McCarthy, executive vice president of innovation and strategic partnerships, Dec. 1 because of inappropriate relationships with female Visa employees, according to The Wall Street Journal; theJournal said Visa launched an investigation into McCarthy’s actions after CEO Alfred Kelly received an …
Read More »BitPay Looks to More Crypto Choices and other Digital Transactions News briefs from 12/15/17
Seven retail trade groups filed a joint amicus brief in a case now before the U.S. Supreme Court in which 11 states, led by Ohio, are appealing a U.S. Court of Appeals decision that upholds American Express Co.’s rule prohibiting merchants from steering customers to cards with lower acceptance costs. …
Read More »Recurly Chooses Adyen for Expansion and other Digital Transactions News briefs from 12/14/17
Payrange Inc., a developer of mobile-payment applications for washers, dryers, and other machines, introduced its product for Speed Queen and Maytag laundry machines. Subscription-management platform provider Recurly Inc. said it will use international payments provider Adyen to further expand its global business. Cornerstone Bank became the 200th financial institution to …
Read More »Clearent Receives PCI Certification and other Digital Transactions News briefs
7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …
Read More »Klarna Notes Financing Program Success and other Digital Transactions News briefs from 12/12/17
Mastercard Inc. launched Assemble, a prepaid service aimed at Millennials that features a digital prepaid account, a mobile app, and a physical or digital card. The service also includes budgeting capability and peer-to-peer payments through Mastercard Send. The company says it plans to extend versions of Assemble to other markets, …
Read More »Fed Names Payments Security Leader and other Digital Transactions News briefs from 12/11/17
The first Bitcoin futures contracts began trading at 6 p.m. Eastern Time Sunday and almost right away the volume of activity crashed a Web site operated by the exchange, Cboe Global Markets Inc. After an initial run up, Bitcoin was trading around $16,500 by 10 a.m. Monday. A rival exchange, …
Read More »Consumers Using More Revolving Credit and other Digital Transactions News briefs from 12/8/17
Consumer revolving credit jumped 9.9% on an annualized basis in October, seasonally adjusted preliminary data from the Federal Reserve show. Revolving credit outstandings, most of which are credit card debt, hit $1.01 trillion, up 5.9% from $955.3 billion in October 2016. PayCargo LLC, an online-payment platform that allows shippers and carriers to …
Read More »BitPay Raises $30 Million and other Digital Transactions News briefs from 12/7/17
Valve Corp., which operates Steam, a popular gaming site, said it no longer is accepting Bitcoin because of the digital currency’s volatility and acceptance costs, which reached almost $20 in a transaction last week. Bitcoin processor BitPay Inc. said it raised $30 million in additional funding. In 2014, the company …
Read More »Chenault’s Parting Shot at Competitors and other Digital Transactions News briefs from 12/6/17
American Express Co. chairman and CEO Kenneth I. Chenault said at an investor conference Tuesday that banks’ sale of their stakes in Mastercard and Visa through initial public offerings “was one of the biggest strategic blunders of the last 20 years,” according to Bloomberg. Chenault, who will retire in February, …
Read More »