Saturday , November 23, 2024

Digital Transactions News staff

Vantiv’s Bank Referral Deal and other Digital Transactions News briefs

Retailer J.C. Penney Co. Inc. announced it now accepts Apple Pay in its stores. The Penney store card will be available for use with Apple Pay, enabling cardholders to earn shopping points through JCPenney Rewards, the store’s loyalty program. Merchant processor Vantiv Inc. announced it has been selected by Columbia Bank, Tacoma, Wash., to provide …

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More Financial Institutions Offering P2P Payment Apps and other Digital Transactions News briefs

The U.K. Treasury Ministry has said it is prohibiting merchants from assessing surcharges beginning January 1. Surcharges could be as much as 20% for purchases like a flight, the ministry said in a press release. In 2010, United Kingdom surcharges totaled 473 million pounds ($617 million). “Rip-off charges have no place in a modern Britain and …

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PayPal’s Visa Europe Expansion and other Digital Transactions News briefs

Mastercard Inc. acquired Brighterion Inc., a software company specializing in artificial intelligence that Mastercard expects will enhance its customer-experience and fraud-prevention services for customers. Terms of the deal were not disclosed. PayPal Holdings Inc. and Visa Inc. extended to Europe a collaboration deal first announced last summer. Under the agreement, PayPal’s European operation will promote …

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PayPal Enabled in Samsung Pay and other Digital Transactions News briefs

Samsung Electronics Co. Ltd. said users of its Samsung Pay mobile wallet will be able to add PayPal as a payment method, and PayPal Holdings Inc.’s Braintree unit will make Samsung Pay available to merchants via its Braintree Direct service. PayPal will be available within Samsung Pay for in-app, online, and in-store transactions. The …

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Vantiv’s E-Commerce Plans and other Digital Transactions News briefs

Merchant processor Vantiv Inc. said it is developing e-commerce payments and security extensions for the Magento 1 and Magento 2 platforms operated by Magento Commerce. Vantiv last week agreed to acquire U.K.-based processor Worldpay Group plc for $9.9 billion, in part to beef up its e-commerce business. Florida-based merchant-service provider Fattmerchant said its flat-rate pricing model …

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Flywire Notes Processing Volume and other Digital Transactions News briefs

Flywire Corp., a processor specializing in education payments and other cross-border transactions, said it notched “record results” over the past year in payments processed and students and institutions served. Among other results, the company said it added 300 schools, bringing its total to more than 1,300. REcoin, an emerging cryptocurrency intended …

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A Mobile Card Reader Forecast and other Digital Transactions News briefs

• Technavio, a London-based technology-research firm, forecasts the global market for mobile card readers will grow at a 54% compound annual rate between 2017 and 2021. •  InterContinental Hotels Group, parent company of more than 5,000 hotels worldwide including Holiday Inn, says it is investigating claims of a possible credit card data breach at some …

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