With the onset of digital wallets, observers of the payments scene might expect consumer demand for cash to wither, and with it the population of ATMs. It turns out the ATM count worldwide did hit its zenith last year, according to research released this week, but the reason is a …
Read More »Hold on to Your Hat, Demand for Blockchain Experts Is Taking off Fast
Despite the vicissitudes of cryptocurrency, demand for blockchain developers is apparently exploding. The increase in job listings seeking those with experience in the distributed-ledger technology topped the growth rankings in LinkedIn’s 2018 “Emerging Jobs Report,” with 33 times more listings than last year, according to a Dec. 13 post from …
Read More »Fast-Growing Merchant Acceptance Could Entice More Acquirers to Look Abroad
A number of U.S. payments providers have expanded overseas in recent years, and now more may have an incentive to do so if recent research showing robust growth in merchant acceptance is any indication. The number of physical stores or outlets accepting payment cards worldwide reached 69.2 million last year, …
Read More »As Voice Commerce Becomes More Common, Jack Henry Adds More Payment Services
Core processors for financial institutions are starting to make their moves in voice-triggered consumer payments, and Jack Henry & Associates is looking to stake out an early lead in this nascent business. The Monett, Mo.-based company on Wednesday said its iPayQuickPay bill-pay service is integrated with Alexa smart speakers from …
Read More »Is Facial-Recognition Technology Hurting Apple Pay?
Adoption and usage rates for the mobile wallets from Apple Inc., Alphabet Inc. (Google), and Samsung Electronics Co. Ltd. have been far from stellar, but now evidence is emerging that Apple’s decision a year ago to ditch fingerprint identification on its newest smart phones in favor of facial-recognition technology could …
Read More »Behavioral Solutions Arrive to Fight a Fast-Rising Plague of Account-Takeover Losses
With massive data breaches hitting the headlines and account-takeover fraud booming, payments players are scrambling for solutions. One possibility is so-called behavioral biometrics, a science that tries to detect imposters’ fraudulent activity in real time by comparing their online behavior with the known patterns of a genuine user. The latest …
Read More »Mobile Biller Boku Picks up ID Technology With a $68 Million Deal for Danal
Bill-to-mobile is often sidelined in discussions about mobile payments, but Boku Inc. brought the technique to center stage this week with a deal to acquire San Jose, Calif.-based Danal Inc. Boku’s shares, which trade on the London Stock Exchange’s Alternative Investment Market, fell in the wake of the announcement, with …
Read More »With a Strong Mobile Lift, Virtual Cards Are Close to Dominating B2B Card Payments
In a vast and rapidly growing commercial card market, virtual cards are grabbing dollar-volume share and are poised to dominate business-to-business card payments, according to research from Accenture Payments. Corporate cards, purchasing cards, and virtual cards will account for $523 billion in U.S. commercial card volume, up 10% from 2017, …
Read More »Consumers Have No Reservations About Using P2P Payments To Give Cash During the Holidays
The surge in popularity for peer-to-peer payments is making itself felt in the realm of holiday gifting, helping to erode a longstanding cultural taboo against giving cash during the annual gift-giving season. Gift transactions rose 47.2% in December 2017 over the monthly average for the previous August through October, according …
Read More »Can Amazon Pay Win in Stores? It May Depend on Processing Costs And the Right Incentives
Amazon.com Inc.’s strategy to push its Amazon Pay wallet into physical stores could depend crucially on its ability to cut payment-processing costs and generate marketing advantages for merchants, including Groupon-like incentives, experts tell Digital Transactions News. The new strategy has been in the works at least since 2017 but reached …
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