Friday , January 31, 2025

E-Commerce

As Mobile Checkout Evolves, Companies Like Scandit Find A Place in Payments

7-Eleven Inc. is among the latest retailers to empower consumers to become their own point-of-sale checkout when they use an app on their smart phones. A central component of that capability is the image-capture tool built into the app. The 7-Eleven Scan & Pay service, which is in tests now and …

Read More »

Hulu Becomes Venmo’s First TV-Streaming Merchant Acceptor

Television streaming service Hulu LLC says it now accepts PayPal Holdings Inc.’s Venmo peer-to-peer payment service. Hulu could be a major win in PayPal’s ongoing effort to increase the popular Venmo’s profitability because the service will generate a recurring revenue stream. Founded in 2007, Santa Monica, Calif.-based Hulu competes with …

Read More »

UATP Adds Chase Pay to its Network and other Digital Transactions News briefs from 12/7/18

UATP, an airline-owned payment network, said it is adding Chase Pay to its network, a move that should make it easier for airlines to accept JPMorgan Chase & Co.’s Chase Pay in their apps and Web sites. NCR Corp. completed its $184 million acquisition of merchant processor JetPay Corp. Payments …

Read More »

Glance Inks Cash Advance Referral Deal and other Digital Transactions News briefs from 12/6/18

OnDeck Capital Inc. said it will combine its Canadian lending operations with Evolocity Financial Group, a Montreal-based online small-business lender. The combined entity will be branded OnDeck Canada. Terms were not disclosed. Mobile-payments specialist Glance Technologies Inc. announced a referral agreement for cash advances with Merchant Advance Capital L.P. Hackers …

Read More »

Processor Shares Fell Again in November, But Not As Much As in October

Shares of transaction-processing companies lost ground in November for the second month in a row, but the decline wasn’t nearly as great as October’s 10% plunge, according to new data from Barrington Research Associates Inc. The Chicago-based investment firm says share prices of a group of 26 publicly traded transaction …

Read More »

European Merchants Would Pay 40% Less to Accept U.S.-Issued Cards Under Visa-Mastercard Proposals

European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …

Read More »

A New Service From Mastercard Brings a Shoppable 3-D Store Online

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

Read More »

SpotOn Transact Initiates Crypto Acceptance and other Digital Transactions News briefs from 12/3/18

FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …

Read More »

Starwood Breach Raises the Question of Whether Hackers Have Keys to Encrypted Data

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

Read More »

Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

Read More »
Digital Transactions