Digital Transactions Authoritative, insightful and timely information for payments professionals
Consumer affinity for shopping on smart phones and tablets is unlikely to abate any time soon. And that poses a problem for retailers as they try to make the payment experience easier on mobile commerce sites and apps. It’s a problem that credit-reporting agency Equifax Inc. and payments-and-authentication-services provider …
Read More »Square Market Accepts Bitcoin As Good News/Bad News Pattern Continues for Currency
The up-and-down course Bitcoin has followed in recent months continued on Monday as Square Inc. announced it has started accepting the digital currency on Square Market, the online marketplace it unveiled last June. The news lent some legitimacy to Bitcoin just as the currency was reeling from an Internal Revenue …
Read More »Burger King Has Its Way With a New Mobile-Payments and Loyalty App
It may perennially trail McDonald’s Corp. among the leading U.S. hamburger chains, but Burger King Worldwide Inc. is on track to take the lead in mobile payments. Miami-based Burger King this week said it plans to roll out a smart phone app offering mobile payments and digital-coupons beginning in April. …
Read More »Mobile POS Card Reader Makers Prep for the U.S. EMV Switch
With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the Europay-MasterCard-Visa smart card scheme. Designed to …
Read More »Report Documents the March of Online Alternatives to the Payments Mainstream
Alternative payments? So many people are now using services such as PayPal, Amazon Payments, Google Wallet and others that the term is becoming outmoded. In a new report, Javelin Strategy & Research says eight in 10 online shoppers have used an online alternative payment service in the past year, and …
Read More »CloudPay Mobile Payment Services Promises Lower Processing Costs
A new mobile wallet called CloudPay may undercut traditional payment processing fees that merchants typically pay. Announced earlier this week, CloudPay from New Media Insight Group Inc., a Phoenix-based company, says merchants pay only 0.5% per transaction, a markedly lower rate than traditional pricing that might be as high …
Read More »Using Embedded Cues And Bluetooth Low Energy, PowaTag Enables One-Click Commerce
PowaTag is a mobile commerce app that hopes to make it easier for consumers to buy with their smart phones. Launched this week, PowaTag identifies products using a smart phone’s camera and microphone to detect special cues embedded in print displays, television commercials or online using the PowaTag watermark. …
Read More »Virtual Prepaid Payment Service Pay in Private Debuts
Consumers wanting a way to make online payments with some anonymity may be able to use the new Pay in Private virtual prepaid card service available as an iPhone or Android app. n “It’s not a solution for everybody,” Klein tells Digital Transactions News. “It’s a solution for a segment …
Read More »Could VerifyValid’s Mobile Checkbook App Revive Prospects for All-Electronic Checks?
A concept that would do away with paper checks while retaining their payment advantages took a step closer to fruition this week with the introduction of a mobile app that lets users create and send check images. The app, called Mobile Checkbook, works with Apple Inc. iOS devices and comes …
Read More »Chirpify Reports Upbeat Results for Its New Action Tags for TV Commercials And Arenas
Consumers are responding enthusiastically to a new service that lets them buy goods from and otherwise interact with brands via social media in sports stadiums, through TV ads, and other venues, according to results released Monday by Chirpify, the Portland, Ore.-based company that announced the service in September. The service …
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