Digital Transactions Authoritative, insightful and timely information for payments professionals
PayPal Inc. will pilot its latest move to the point of sale with an undisclosed merchant this quarter, add more merchants early in 2012, and establish merchant pricing for the service over the next three to six months, eBay Inc. chief executive John Donahoe told stock analysts on Wednesday. …
Read More »USA Technologies’ Long-Time Boss Resigns Under a Cloud As Small-Ticket Threat Emerges
George R. Jensen Jr., founder and chief executive of USA Technologies Inc. (USAT), has resigned under a cloud, casting a pall of uncertainty over the provider of wireless payment hardware and networking services for vending machines just as new interchange schedules affecting small debit card transactions threaten to crimp …
Read More »PayPal Access Debuts to Streamline User Enrollment on E-Commerce, Mobile Sites
n To use PayPal Access, a site must sign up for a PayPal account but is not obliged to accept PayPal. The new system then gives the site access to some 100 million active PayPal users, who can control how much information they want to share. If a user …
Read More »PayPal Plans to Issue a Card for POS Use Starting First Half of 2012
PayPal Inc., a dominant processor of e-commerce transactions, has made no secret lately of its ambitions to move into the world of brick-and-mortar commerce. The only missing element was a physical token that account holders could use at the point of sale. Now it appears that void will soon …
Read More »A Vending Machine Payment Processor Hopes To Preserve Interchange Incentive
Apriva Inc., a major processor of payment transactions from vending machines, this week told machine owners that it is working to assure their card-acceptance costs will remain stable despite the uncertain status of a program it has with Visa Inc. that gives them an interchange break if they install hardware …
Read More »New Figures Show How a Handful of Players Dominate the Acquiring Business
n n n n n n n n n
Read More »Yet Another New IRS Tax-Reporting Revision Adds to Acquirers’ Burdens
n n n n n n n n n n n
Read More »Durbin Casts a Wary Eye on Rising Small-Ticket Debit Interchange
U.S. Sen. Richard Durbin on Tuesday said he is aware that new Visa and MasterCard interchange schedules will cause some merchants to pay much more in interchange when a consumer uses a debit card from a big bank to pay for small purchases. Durbin said the Federal Reserve Board should …
Read More »With a $1.67 Average Ticket, Vending Processor USAT Predicts Pain from Durbin Rate
n n n n n n n n n n
Read More »The New IRS Reporting Rule Could Have a Silver Lining for Acquirers
The new federal regulation requiring processors and acquirers to report merchant electronic payment transactions to the Internal Revenue Service is proving to be a major challenge for the industry, but at the same time could turn into a revenue generator for acquirers, according to a researcher. The requirements originated with …
Read More »