Digital Transactions Authoritative, insightful and timely information for payments professionals
A 2-year-old startup that allows consumers to use prepaid cards augmented with funds from participating merchants is expected to launch its product commercially next week following a nearly nine-month pilot in the Bay area. Emeryville, Calif.-based Marqeta Inc., which has already signed up about 250 merchants, is banking on the …
Read More »‘Disinformation,’ Fire, Losing Bidders, and Other Woes Plague VeriFone’s Summer
The financials looked good, but the Fates seemed to be spinning some entangling threads for VeriFone Systems Inc. during the leading point-of-sale terminal maker’s third fiscal quarter ended July 31. There was the challenge to VeriFone’s big win in Washington, D.C., where the company’s taxicab payment and media systems are …
Read More »Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout
With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …
Read More »Apple’s Move to Stop Samsung Models Unlikely to Impact NFC Wallets
Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …
Read More »Mobile-Payments Providers Add More Spaces for Smart-Phone Parking
Mobile solutions for parking payments received a boost last week with the citywide launch of Parkmobile USA Inc.’s service in Birmingham, Mich., and the addition of new features to QuickPay Corp.’s mobile-payment service for a major parking company in San Francisco. In Birmingham, drivers can now use Parkmobile’s mobile applications …
Read More »Having Snagged Venmo, Braintree Girds to Challenge PayPal in P2P And Wallets
Chicago-based Braintree Payments Solutions LLC, an independent sales organization specializing in online merchants, expects its $26. 2 million acquisition of New York City-based Venmo Inc. to position it as a direct competitor to PayPal Inc. in the person-to-person payments business and in digital-wallet applications. Venmo’s digital wallet allows consumers to …
Read More »Visa Plans To Offer Its Own Point-to-Point Encryption Service
Point-to-point encryption of card data has been a hot sell for merchant processors and vendors of security technology ever since the Payment Card Industry data-security standard (PCI) took effect in 2006 and especially after a spate of high-profile data breaches at merchants and processors not long afterward. Visa Inc., the …
Read More »Merchant-Controlled Network Debuts Its Name But Leaves Many Questions Unanswered
The new mobile-payments network being developed by retailers went public on Wednesday with its name, Merchant Customer Exchange, or MCX, and the identities of 15 initial merchant-investors. But, five months after merchants first revealed plans to build an alternative to the major card networks as mobile payments take hold in …
Read More »Same-Day ACH Idea Could Stage a Comeback, Despite Big-Bank Opposition
A proposal to change the rules of the automated clearing house network to allow faster clearing times, which last Friday fell short of the votes needed to be enacted, is likely to be resurrected in some form, experts polled by Digital Transactions say. “I don’t think it’s dead, but it’s …
Read More »Acculynk Lands American Airlines, Cites Momentum for Online PIN Debit
Acculynk Inc., which on Wednesday announced it has signed up American Airlines Inc., says the recruitment of its largest merchant yet indicates stronger interest among online retailers in accepting PIN debit transactions. Indeed, Ashish Bahl, chairman and chief executive of the Atlanta-based company, tells Digital Transactions News it expects to …
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