Digital Transactions Authoritative, insightful and timely information for payments professionals
Many payment executives regard the United States as a mature market compared with high-growth countries in Asia and Latin America, but it still has plenty of untapped opportunities, according to Mastercard Inc. executives. Its home country remains Mastercard’s largest market. As of 2018, the U.S. accounted for 33% of Mastercard’s …
September, 2019
-
12 September
With Momentum From Transit, Contactless Accounts for a Rising Share of Card Payments
With card-based transit payments picking up steam in the United States, a key Mastercard Inc. executive said Thursday that 22% of the network’s physical-world transactions globally were contactless as of the end of 2018. The time to complete a contactless transaction is down to 0.4 seconds, added Ajay Bhalla, president …
-
12 September
How On-Demand Services Are Propelling Online Transaction Growth
Consumers shopping online are more than likely buying digital goods and services, suggest the results of “The Global Rise of Digital Goods and Services” report from the First Data unit of Fiserv Inc. Released Wednesday, the survey by Forrester Research Inc. of more than 6,000 online adults around the world …
-
12 September
An ISO’s Dry Cleaning Stake and other Digital Transactions News briefs from 9/12/19
United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …
-
11 September
In Six Months, There Has Been 13% Growth in Online Cyber Attacks, Says LexisNexis Risk Solutions
Cyber criminals took no time off in the first six months of 2019 as human-initiated attacks against online sites grew by 13% from the same period a year ago, finds the LexisNexis Risk Solutions Cybercrime Report released Tuesday. Bots, too, evolved to target new account creations. Bot attacks targeting new …
-
11 September
Backers Seek Clarity on Libra’s Status And Say They Will File for a Payment-System License
The Libra Association announced Wednesday it has filed a request with the Swiss Financial Market Supervisory Authority (FINMA) for a ruling that would clarify Libra’s status and that of the Libra coin. The association also said it plans to file an application with FINMA for a license to operate as …
-
11 September
Mastercard’s Cross-Border Clearing Role and other Digital Transactions News briefs from 9/11/19
Mastercard Inc. said it will act as the clearing and settlement network for a cross-border payments service the company has agreed to develop with R3, a blockchain-software vendor.Some 74% of online transactions globally are for digital goods and services, with ride-share service and restaurant delivery ranking as the first and second most used …
-
10 September
Chase And Its WePay Unit Aim Faster Funding at Cash-Flow Conscious Sellers
Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …
-
10 September
Stripe Debuts A Credit Card and other Digital Transactions News briefs from 9/10/19
Processor Stripe Inc. launched the Stripe Corporate Card, a Visa credit card that can be branded with the merchant’s logo. New merchants can get a card when they sign up for a Stripe account. In addition to 2% and 1% cash-back rewards, the card also offers $50,000 in free payment processing …
-
9 September
Pricing, Disputed Transactions Among Undetermined FedNow Issues
The Federal Reserve’s proposed FedNow real-time payments service won’t be live for more than three years, but bankers and other interested parties peppered two Fed officials with plenty of questions about it Monday. The occasion was a 90-minute webinar in which the officials reviewed the ambitious FedNow plans unveiled last …
