Digital Transactions Authoritative, insightful and timely information for payments professionals
As integrated payments continue to garner more interest from payments companies amid increasing merchant demand, two point-of-sale system providers are making it easier for developers to create software programs for merchants. Revel Systems Inc. last week launched Revel Integrated, a program that offers developer tools and infrastructure to integrate their …
September, 2019
August, 2019
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30 August
Stricter Visa Rules for Trial Offers and Promotions To Take Effect Next Year
The card networks’ crackdown on negative-option billing and subscriptions with free trials is continuing, with stricter policies from Visa Inc. set to take effect April 18. The updated Visa rules will follow by a year tightened rules from Mastercard Inc. on negative-option billers. These are billers who, after getting a consumer …
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27 August
TCH Forges on with Its Real-Time Payments Network as the Fed Crafts a Rival Service
The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …
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23 August
Adyen Says It’s Ready to Take on the Majority of eBay’s Volume Next Year
PayPal Holdings Inc.’s shares dipped slightly late Thursday after a key Adyen N.V. executive told stock analysts that the Amsterdam-based company is “ready” to process “the majority” of eBay Inc.’s volume when eBay shifts to Adyen next year. Adyen also reported it is proceeding with an application for a banking license …
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16 August
The Money-Transfer Newbies Nip at the Incumbents’ Heels
Relative newcomers to the world of money transfers such as Remitly Inc., TransferWise Ltd., and WorldRemit Ltd., which specialize in end-to-end digital transactions, are nibbling away at the market share of agent-based leaders The Western Union Co. and MoneyGram International Inc., says a new report from research firm Aite Group …
July, 2019
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30 July
It’s Hard to Beat Amazon, And That’s Putting Pressure on the Providers That Serve Small Sellers
Big merchants like Amazon.com Inc. are celebrated for virtually friction-free transaction flows, and now that’s putting pressure on the point-of-sale vendors that serve small businesses. That’s because clients want the same kind of experience for their customers, but don’t know how to go about it, a panel of experts said …
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17 July
UPDATED: As LG Pay Makes Its (Belated) U.S. Debut, Observers Question Its Likely Impact
Add LG Pay to the multitude of U.S. mobile-payment options. LG Electronics USA announced Tuesday the mobile-payment service is available on select LG smart phones. The move comes a year later than LG initially said it would. LG Electronics Inc., the parent company of LG Electronics USA, introduced LG Pay …
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15 July
How Ready Are Deployers for the Next Big Operating-System Conversion for ATMs?
Microsoft Corp. will stop supporting its Windows 7 operating system next January, and that’s set off the latest dash by ATM deployers to convert to the next OS while there’s still time. For most deployers, that’s Windows 10, but some might be in a better position to meet the deadline …
June, 2019
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24 June
Will Facebook’s Big User Numbers Be Enough to Catapult Calibra?
Facebook Inc. has said it will turn over control of its Libra cryptocurrency initiative to a consortium of companies that will constitute the Libra Association. But one related property the massive social network will retain, albeit as an arm’s-length subsidiary, is its new Calibra unit, which will run Facebook’s own …
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21 June
Bill Ready, a Key Player in PayPal’s Rise, To Leave Company by Year’s End
PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …
