Digital Transactions Authoritative, insightful and timely information for payments professionals
It was probably only a matter of time before the gig economy embraced barbering. A New York City-based startup called Shortcut on Monday announced it was starting its national rollout with an extension of its app-based haircut and hairstyling service to Philadelphia. Calling itself “the Uber of haircutting and barbering,” …
September, 2019
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16 September
Fintech Plaid Notes Investments and other Digital Transactions News briefs from 9/16/19
Financial-technology provider Plaid Inc. disclosed that it has received “strategic investments” from both Mastercard Inc. and Visa Inc.Digital payments and competition from nonbanks in payments may cost banks as much as 15% of their global payments revenue, or $280 billion, says Accenture in its “2019 Global Payments Survey.”Visa said it is working with insurance …
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13 September
Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks
Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …
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13 September
Adyen Lands Another Retailer and other Digital Transactions News briefs from 9/13/19
Payments provider Adyen N.V. said fashion retailer BrandBank will use its payments network throughout markets in Australia, Singapore, and Hong Kong. BrandBank operates more than 500 stores.Digital River agreed to provide payments and tax and compliance services on the Salesforce AppExchange.PepsiCo has launched a cash-back rewards program called PepCoin, which lets consumers deposit cash rewards directly …
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12 September
Mastercard Still Sees Growth Opportunities in the U.S. Payment Market
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 …
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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 …
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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 …
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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 …
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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 …
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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 …
