Digital Transactions Authoritative, insightful and timely information for payments professionals
Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …
December, 2018
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4 December
Processor Shares Fell Again in November, But Not As Much As in October
Shares of transaction-processing companies lost ground in November for the second month in a row, but the decline wasn’t nearly as great as October’s 10% plunge, according to new data from Barrington Research Associates Inc. The Chicago-based investment firm says share prices of a group of 26 publicly traded transaction …
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4 December
European Merchants Would Pay 40% Less to Accept U.S.-Issued Cards Under Visa-Mastercard Proposals
European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …
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4 December
Consumers Have No Reservations About Using P2P Payments To Give Cash During the Holidays
The surge in popularity for peer-to-peer payments is making itself felt in the realm of holiday gifting, helping to erode a longstanding cultural taboo against giving cash during the annual gift-giving season. Gift transactions rose 47.2% in December 2017 over the monthly average for the previous August through October, according …
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4 December
Cash Still Favored by Many and other Digital Transactions News briefs from 12/4/18
Digital Check Corp. said its ScanBox by Digital Check tablet-based scanning platform is now available in North and South America following its release in other markets. In a Cardtronics plc survey of 1,000 U.S. consumers, 73% use cash regularly and 92% want a choice in how they pay. Commercial bank Signature …
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3 December
A New Service From Mastercard Brings a Shoppable 3-D Store Online
Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …
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3 December
COMMENTARY: Four Steps to Build a Consumer-Focused Mobile Payments Strategy
Crafting a mobile-payments strategy can be a daunting task. The technology is evolving rapidly, and so are consumer expectations. Rather than starting with capabilities, a successful mobile strategy begins with an understanding of how people engage with their finances as part of their daily lives. Evaluating how consumers use mobile …
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3 December
SpotOn Transact Initiates Crypto Acceptance and other Digital Transactions News briefs from 12/3/18
FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …
November, 2018
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30 November
Saving ISO Programs From Outdated Legacy Systems
The payments industry changes quickly as new regulations and market demands force continual improvement. Legacy systems struggle to keep up, and the ISOs on those platforms feel the pain. PaymentSpring felt it was time to change that by creating a flexible new processing platform that gives ISOs and software providers …
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30 November
Starwood Breach Raises the Question of Whether Hackers Have Keys to Encrypted Data
Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …
