Digital Transactions Authoritative, insightful and timely information for payments professionals
Mitch Cobrin, who has run AnywhereCommerce Inc. as chief executive for the last four-and-a-half years, has stepped aside for a new chief executive but will continue at the company in the role of founder, board member, and “chief catalyst,” he tells Digital Transactions News. The management change comes as the …
Read More »Most Smart Phones Expected To Be NFC and Mobile Wallet Enabled by 2015, Says Softcard Executive
By the end of 2015, most smart phones sold in the United States will have near-field communication (NFC) capability and be mobile-wallet ready, potentially creating a confluence of payments and commerce, says Matt de Ganon, senior vice president of product at mobile wallet provider Softcard. That prospect excites de …
Read More »PayPal Ad Campaign Stresses Strength in Mobile Security, But Will it BackFire?
PayPal Inc., the payments arm of eBay Inc., says it will process 1 billion mobile payments in 2014, and this experience means it knows something about mobile-payments security. That’s one message PayPal hopes comes across in a new ad campaign appearing in newspapers and online just days after Apple …
Read More »Capital Prepaid Looks to Extend Prepaid Program Management to Scores of Small Issuers
The general-purpose prepaid card market is hot, but most smaller financial institutions find it a daunting task to start and run a prepaid program. To fill that gap, Capital Prepaid Services on Monday launched a prepaid Visa card with two small banks as part of a campaign to make prepaid …
Read More »Apple Pay: No Charge for Merchants, But Transaction-Security Fees for Issuers
Apple Inc.’s introduction of its new Apple Pay service for its soon-to-be released iPhone 6 and the Apple Watch raised a huge number of questions in the payments industry. One of the biggest topics of speculation is just how is Apple going to make money from the service, with combines …
Read More »Apple Pay Looks To Be a Boost for NFC, But Creates a Question Mark for HCE
Apple Inc.’s new mobile-payment system may be a long-awaited shot in the arm for near-field communication (NFC), but it could also cool off an NFC variant that has caught fire since it emerged only 10 months ago. Apple Pay, which the iconic computer giant unveiled to enthusiastic applause Tuesday, will …
Read More »Braintree’s Decision to Support Bitcoin Pushes Currency Farther Toward Legitimacy
Braintree Inc.’s arrangement to allow its merchants to accept Bitcoin could significantly further a nascent trend among big merchants to take the digital money. Braintree, which PayPal Inc. acquired a year ago for $800 million, processes payments for such fast-growing merchants as house-rental service Airbnb, restaurant-reservation site OpenTable, and taxi alternative …
Read More »Payment Processors Hold Key Tokenization Role In Apple Pay
Payment processors First Data Corp. and Total System Services Inc. (TSYS) will have key roles in securing transactions using tokenization technology for payments consumers make with Apple Inc.’s newly announced Apple Pay mobile-payments scheme. The Cupertino, Calif.-based computer giant made the announcement as part of its unveiling Tuesday of …
Read More »Apple Unveils an ‘Entirely New Payment Process’ with Apple Pay
After weeks of fevered anticipation, it’s finally out. Apple Inc. on Tuesday unveiled a new payments system called Apple Pay along with its iPhone 6 and large-screen iPhone 6 Plus smart phones and a snazzy new smart watch. As predicted, the updated iPhone uses near-field communication (NFC) technology for fast …
Read More »Eye on Branding: As Wallets Struggle, MCX Dubs Its Scheme CurrentC While Isis Says It Is Now Softcard
The Merchant Customer Exchange, a retailer-controlled mobile payment scheme, has given its service a name. Dubbed CurrentC, the service will not be available outside of testing until 2015. First announced in 2012, the long-gestating scheme aims to give participating retailers their own mobile-wallet service that eschews the traditional payment …
Read More »