Thursday , November 7, 2024

Digital Transactions News staff

My Payment Network Adds Customer and other Digital Transactions News briefs

Performance Matters, which offers professional instruction for public-school educators, has agreed to use SchoolPay, a unit of My Payment Network, to process payments for professional development for teachers in kindergarten through 12th-grade classrooms. MoneyOnMobile Inc., a Dallas-based company with operations in India, said it processed more than 1 million domestic transfers in …

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Contactless Spending To Rise and other Digital Transactions News briefs

Total spending via contactless mobile payments in the United States will exceed $1,000 per user for the first time in 2017, reaching $1,026, according to forecasts by eMarketer. Total U.S. contactless mobile payments will hit $49.29 billion this year, up 78.1% from 2016, the firm projects. Fiserv Inc. completed its $89-million, cash acquisition …

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PCI Compliance Falling Short and other Digital Transactions News briefs

Payments provider NXT-ID Inc. announced its FitPay Inc. subsidiary is providing the payments technology for the vivoactive 3, a new smart watch from Garmin International Inc. Dubbed Garmin Pay, the service supports contactless payments made with Visa Inc. and Mastercard Inc. credit and debit cards from major issuing banks. Earlier this week, Fitbit Inc. introduced Fitbit Pay. In …

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PayPal’s Latest Credit Card and other Digital Transactions News briefs

In its latest flirtation with plastic credit cards, online payments leader PayPal Holdings Inc. unveiled its PayPal Cashback Mastercard, a no-annual-fee card issued by Synchrony Bank that gives PayPal account holders 2% cash back on online and in-store purchases wherever Mastercard is accepted. Rewards, on which there are no limits or expiration …

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Credit Union Joins Accel and other Digital Transactions News briefs

Target Corp. has integrated its popular Cartwheel couponing app into its main mobile app in preparation for introducing mobile-payment functionality based on quick-response codes, TechCrunch reports, though Target’s deadline for introducing payments on the app is “in flux”and may slip into early next year, according to the online news service. Golden …

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Glance Licenses its Glance Pay Tech and other Digital Transactions News briefs

Fitbit introduced its first smart watch, the Ionic, which features contactless-payment capability. Over the coming months users can add tokenized American Express Co. cards as well as Visa Inc. and Mastercard Inc. credit and debit cards from certain banks around the world, including Bank of America, Capital One, HSBC, and U.S. Bank in the United States, …

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BluePay Buys Security Card Services and other Digital Transactions News briefs

Independent sales organization BluePay Processing LLC acquired Security Card Services, a merchant-services provider for community and regional banks. Terms of the deal were not disclosed. Canadian mobile-payments provider Dream Payments has expanded a dealer program whereby wireless and electronics distributors sell the company’s mobile point-of-sale terminal in-store and online. Currently, more than 100 retailers …

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AmEx Disputes CFPB Opinion and other Digital Transactions News briefs

American Express Co. says it disagrees with an opinion from the Consumer Financial Protection Bureau that differences in card products it offered in Puerto Rico, the U.S. Virgin Islands, and the Pacific Territories from cards it offered in the United States amounted to discrimination. AmEx says it resolved the differences in 2013 after …

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Larger P2P Transactions and other Digital Transactions News briefs

QualPay, a provider of cloud-based, integrated-payments solutions, launched a developer portal allowing integrators to evaluate and deploy payment services. Person-to-person payments by users of services offered by community banks and credit unions average $450, compared to $25 for users of Venmo, a popular third-party app, according to data from Malauzai Software, …

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