Digital Transactions Authoritative, insightful and timely information for payments professionals
Consumers walking around stores with their smart phones in hand often send a potentially troublesome signal to many retailers. The shoppers could be shopping an online retailer’s site while using the brick-and-mortar merchant’s store as a showroom. It’s a phenomenon that Las Vegas-based OrderWithMe Inc. says it can help …
Read More »Canadians Eschew Mobile Payments, For Now: Survey
Mobile payments in Canada only garner 2% of all consumer purchases, finds a study from research firm GfK. But that does not signal the low adoption rate will continue. Only 21% of Canadian shoppers, defined as those who have shopped in one of 15 product categories in the past …
Read More »Coinbase Adds Tip Mechanism for Bitcoin Micropayments
Bitcoin wallet provider Coinbase has launched a “tip” button to enable Coinbase users to make micropayments to Web-site owners. San Francisco-based Coinbase says the button can be used to make one-click payments. The default amount is 300 bits, or about 10 cents this week. Senders can choose other amounts, …
Read More »Digital Wallets Are Pushing up Conversions, Making Them a Prime Target for Acquirers And Gateways
Digital wallets, especially when used for mobile commerce, are gaining increasing favor among consumers, finds a report from the Adobe Digital Index, a research unit of Adobe Systems Inc., which carries implications for acquirers and payment gateways. In a survey of 400 U.S. consumers, Adobe found that the number …
Read More »Mobile Commerce To Peak On Thanksgiving: Adobe
Consumers are expected to use their smart phones and tablets to do more than check prices this holiday season. More of them expect to make mobile-commerce purchases—forecasted to reach $1.6 billion on Thanksgiving Day, Black Friday, and Cyber Monday— finds the Adobe Digital Index, a research service from Adobe …
Read More »Pala Interactive To Use Optimal Payments for Its Online Gaming Service
Pala Interactive LLC, an online gambling operator, will use payment-processing services from Optimal Payments Plc, Optimal announced this week. Online gambling revenue in the United States is forecasted to be $2.6 billion by 2017, according to one estimate. Another estimate, from Odobo and H2 Gambling Capital, forecasts $7.7 billion …
Read More »PayPal Turns to InComm To Boost Digital Gift Card Presence
PayPal Inc. will use electronic gift card services from InComm Holdings Inc., a move that will enable PayPal to expand the number of retailers’ gift cards that it sells on the PayPal Digital Gifts store and in the eBay marketplace. PayPal, a unit of San Jose, Calif.-based eBay Inc., …
Read More »Survey Pinpoints Arizona City As Top Chargeback Location As ‘Friendly Fraud’ Continues to Plague Online Retailers
Want to know where the chargebacks are coming from? Chargebacks911 has ranked the top five U.S. cities in terms of chargeback rates, placing a ZIP code in Show Low, Ariz., with a 2.2% rate, at the top. The study of 500,000 chargebacks of e-commerce transactions made in 2013 indicates …
Read More »Mailings Promoting EMV Cards Pick Up As Issuers Prepare For Liability Shift
The message about the coming shift to chip card payments using the Europay-MasterCard-Visa (EMV) standard is getting out there, says Competiscan, a direct marketing firm. The Chicago-based firm says its analysis finds that mentions of EMV in direct mail pieces from card issuers increased from less than 3% of …
Read More »Mozido Adding More MasterCard Mobile Payments Products
Financial and marketing services company Mozido Inc. says it will use MasterCard Inc. payment and security products to expand its services. Austin, Texas-based Mozido provides mobile payments, loyalty and offers programs to merchants, and has a white-label mobile app. This move means that Mozido products will include MasterPass, MasterCard’s …
Read More »