Digital Transactions Authoritative, insightful and timely information for payments professionals
More details emerged Tuesday about Samsung Pay Cash, the virtual prepaid card Samsung Electronics America Inc. first announced late last week as the latest feature for its mobile wallet. Global Payments Inc., the big Atlanta-based processor that recently acquired Total System Services Inc. (TSYS), said Monday it has now integrated …
October, 2019
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8 October
CardFlight Adds Device Support and other Digital Transactions News briefs from 10/8/19
CardFlight Inc. released its SwipeSimple Terminal for the PAX A80 point-of-sale terminal. The software enables on-screen tip prompts, customizable digital receipts via text or email, and searchable transaction history, among other features.Point-of-sale finance provider Affirm Inc. debuted an app that allows consumers to shop and pay in installments at most stores. Consumers can …
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7 October
In the Wake of PayPal’s Defection, There’s ‘A Lot of Pressure’ on Key Libra Meeting Oct. 14
Friday’s news that PayPal Holdings Inc. is bailing out of Facebook Inc.’s Libra cryptocurrency project underscores the importance of an upcoming meeting of the project’s backers in Geneva, Switzerland, observers say. It has also heightened speculation about whether the project is likely to lose more of the remaining 26 companies …
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7 October
NCR Acquires POS System Provider and other Digital Transactions News briefs from 10/7/19
NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …
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4 October
Wavering PayPal Withdraws From Libra
Confirming speculation that it was having second thoughts about officially joining the Libra Association, PayPal Holdings Inc. disclosed Friday afternoon that it was withdrawing from the controversial cryptocurrency project proposed by Facebook Inc. “PayPal has made the decision to forgo further participation in the Libra Association at this time and …
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4 October
Eye on Cryptocurrency: PayPal Skips a Libra Meeting; Ohio Suspends Bitcoin Payments
In a bad week for cryptocurrency, a news report emerged late Thursday that PayPal Holdings Inc. skipped a key meeting of backers of Facebook Inc.’s Libra initiative. And, in the state of Ohio, officials on Wednesday suspended a pioneering site that accepted business taxes via Bitcoin. Twenty-seven of the 28 …
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4 October
Samsung Pay Cash Debuts and other Digital Transactions News briefs from 10/4/19
The Samsung Pay mobile wallet introduced a Mastercard-branded virtual prepaid card called Samsung Pay Cash, which is accepted at all locations that accept Mastercard and Samsung Pay transactions. The technology behind the card is provided by Netspend, a unit of Global Payments Inc. The move comes on the heels of Samsung …
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4 October
Consumers View Mobile Payments As Poorly Protected Against Financial Loss
Payments executives love to talk about the security of paying with a smart phone, but that message still hasn’t gotten through to consumers, according to new survey findings from The Pew Charitable Trusts. The good news for mobile-payments proponents is that Pew found more than half, 56%, of its respondents …
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3 October
Samsung Pay Looks to Cross-Border Transfers As a New Growth Market
Adoption of mobile-payment apps in the United States has been tepid, so the so-called “Pays”—Apple Pay, Google Pay, and Samsung Pay—have sought new features to spike consumer interest. The latest gambit comes from Samsung Pay, which on Thursday announced an integration that will allow U.S. users to send payments to …
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3 October
C&H Merges with Mann and other Digital Transactions News briefs from 10/3/19
C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …
