Digital Transactions Authoritative, insightful and timely information for payments professionals
Cachet Financial Solutions Inc.’s acquisition of DeviceFidelity’s Moneto prepaid mobile platform will help open new markets for the remote-deposit capture company. n Remote-deposit capture is Cachet’s core business, Larry Blaney, executive vice president of sales, tells Digital Transactions News. But in the past two years client demand for services beyond …
Read More »CloudPay Mobile Payment Services Promises Lower Processing Costs
A new mobile wallet called CloudPay may undercut traditional payment processing fees that merchants typically pay. Announced earlier this week, CloudPay from New Media Insight Group Inc., a Phoenix-based company, says merchants pay only 0.5% per transaction, a markedly lower rate than traditional pricing that might be as high …
Read More »Using Embedded Cues And Bluetooth Low Energy, PowaTag Enables One-Click Commerce
PowaTag is a mobile commerce app that hopes to make it easier for consumers to buy with their smart phones. Launched this week, PowaTag identifies products using a smart phone’s camera and microphone to detect special cues embedded in print displays, television commercials or online using the PowaTag watermark. …
Read More »Virtual Prepaid Payment Service Pay in Private Debuts
Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …
Read More »PayPal Secures Spots on New Samsung Smart Phone And Smart Watch
Consumers carrying around the next-generation Samsung Galaxy S5 smart phone will be able to use PayPal with a tap on the device’s biometric sensor. The smart phone, scheduled for release in April, will have a fingerprint sensor that enables consumers to use their online PayPal accounts to pay for …
Read More »Mt. Gox Bitcoin Exchange Goes Dark, Leaving Bitcoin Owners With Questions
Mt. Gox, a well-known Bitcoin exchange, has shut down, leaving investors who had Bitcoins at the digital-currency exchange wondering what’s next. Bitcoin is a decentralized digital-payment system based on mathematically derived new Bitcoins coming into circulation by so-called “miners” using computers. News service Reuters reports today that the exchange …
Read More »Loop Mobile Wallet Debuts With Expectation of Near Ubiquitous Acceptance
Loop, a mobile wallet that uses a case or fob to generate its own contactless field to communicate with many payment terminals, has launched for the latest iPhone models. The brainchild of payments veterans George Wallner, founder of point-of-sale terminal maker Hypercom Corp., now Equinox Payments LLC, and Will …
Read More »Capital One Buys Into Big Banks’ clearXchange P2P Payment Service
Card issuer and bank Capital One Financial Corp. has bought into the clearXchange person-to-person payment company, becoming the fourth owner. Founded in 2011, clearXchange was started by Wells Fargo & Co., Bank of America Corp. and JPMorgan Chase & Co., with the idea of leveraging a consumer’s existing relationship …
Read More »Square Snags Seven Whole Foods Stores in Another Move Up Market, Updates Square Cash
Consumers shopping at seven Whole Foods Market locations in Austin, Texas, New York City, Florida, and the San Francisco Bay area now can use their Square Wallet apps to pay for merchandise inside the stores. Whole Foods and Square Inc. are installing Square Register-equipped iPads on Square Stands inside these …
Read More »ISOs Hone Their Tablet-based Point-of-Sale Products
Up Solutions, the cloud-based point-of-sale division of United Merchant Services Inc., has set its Up Tab restaurant POS system at zero cost for resellers, the company announced today. Separately, Harbortouch has updated its POS Sales Center iPad app with new functions. Comprising an Android-based tablet, stand, printer, card reader, and …
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