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February, 2018

• 20 February

  Gateway Provider NMI Snaps up Creditcall in a Bid for Wider Payment Capabilities

  

  Network Merchants LLC has agreed to acquire Creditcall, a United Kingdom-based payment gateway provider, processor, and vendor of EMV kernel software. Terms of the deal, including a price and an estimated closing date, were not disclosed in NMI’s official announcement. Roy Banks, NMI’s chief executive, tells Digital Transactions News the …
• 8 February

  Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin

  

  It was probably only a matter of time before someone combined contactless payment, wearable devices, and cryptocurrencies. On Thursday, Fit Pay Inc. announced a device that will let users convert digital currency holdings into fiat currency for transactions at any point of sale capable of contactless interaction using near-field communication. …
• 5 February

  PayPal Takes a Beating As the Spotlight Shifts to eBay’s Payments Plans With Adyen

  

  When news broke last week that eBay Inc. will begin moving away from its tight embrace of PayPal Holdings Inc. for payment processing, investors immediately punished PayPal’s stock, interpreting the move as a big blow to the company’s business. But the frenzy of PayPal shorting may have overlooked one thing: …

January, 2018

• 29 January

  Facing Popular P2P Rivals, Bank-Owned Zelle Posts Healthy Growth And Revs up Ads

  

  In the hotly contested person-to-person payment business, financial institutions have felt left behind by technology impresarios like PayPal Holdings Inc. and Square Inc. that have entered the market over the past few years with slick P2P apps. But on Monday, the banks’ Zelle network released fresh numbers indicating healthy growth …
• 24 January

  The PCI Council Announces a Standard for Software-Based PIN Entry

  

  For decades, merchants have had to install specially designed and built devices to allow customers to enter their personal identification numbers for debit card payments. And lately, that has been the case for EMV cards, as well. But on Wednesday, that changed as the PCI Security Standards Council published a …
• 23 January

  How a Movie-Ticket App Hopes to Make Voice Commerce a Main Attraction

  

  With voice commerce expected to grow from 18 million users last year to 78 million by 2022, according to Business Insider, sellers of all sorts are starting to pay attention to the technology’s potential to create new transaction markets—and perhaps steal volume from mobile devices. Early enthusiasts for voice are …
• 19 January

  How a Drive for Revenue Puts Pressure on AmEx’s Average Global Discount Rate

  

  Unlike its rivals Visa Inc. and Mastercard Inc., American Express Inc. depends crucially on revenue from the fees it charges merchants for acceptance. These fees, in fact, account for 57% of the company’s overall revenues net of interest expense. So it came as no surprise that AmEx’s top brass spent …