Digital Transactions Authoritative, insightful and timely information for payments professionals
Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …
October, 2018
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18 October
Does your POS partner help you close sales?
As technology drives us into a new era of retailing, merchants are starting to view the omnichannel experience as necessity over novelty, and with that, comes high expectations for the newest streamlined POS solutions. Fortunately for the MLS and ISO community, Electronic Payments is invested in something greater than just …
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17 October
Visa Token Service Adds 20 Requestors And Keeps the Service Free
Visa Inc. is banking big on its Visa Token Service with the addition of 20 acquirer, gateway, and technology companies signing up to offer the network token. The card brand Wednesday announced the additions, called requestors because they request tokens for the credit and debit cards processed through their systems. …
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17 October
Apptizer Launches Order Eat Pay Service and other Digital Transactions News briefs from 10/17/18
Prepaid card program manager Netspend Corp. and its business partners were scrambling Wednesday morning to clear up an apparent glitch preventing some users of a prepaid product for payroll from accessing their paychecks. Issuing partner MetaBank released a statement to news media indicating it is working to clear up the …
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17 October
Paya Unveils Its Paya Connect Platform for ISOs And Software Firms
Shortly after the former Sage Payment Solutions rebranded as Paya early this year, company president Greg Cohen said the merchant processor would play a “value game,” not a low-price game. Following that strategy, Paya on Wednesday unveiled Paya Connect, a platform for software firms and independent sales organizations to create …
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16 October
What a Difference a Year Makes: Consumer Sentiment Shifts Substantially Toward Tech Firms
With technology companies increasingly eyeing financial services, a survey from Brookfield, Wis.-based bank processor Fiserv Inc. indicates 55% of consumers feel comfortable using a company like Apple Inc. or Alphabet Inc.’s Google to pay bills, up from 40% in 2017. Thirty-nine percent would take out a loan from a tech-company service, …
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16 October
Eye on Crypto: Jeweler Adds Crypto Acceptance; Many Consumers Want Investment Option
Marks Jewelers is the latest merchant to begin accepting digital currencies, including Bitcoin and Litecoin. Announced Tuesday by e-commerce platform Shopping Cart Elite, which is supplying the enabling acceptance technology, the move means the Montgomeryville, Pa.-based jeweler also accepts Bitcoin Diamond, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, and Zcoin for …
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16 October
Tru Shop-by-Payment Launches and other Digital Transactions News briefs from 10/16/18
Payments-networking provider Transaction Network Services has agreed to acquire Advam, an Australian provider of unattended and e-commerce payments processing. Terms were not disclosed. E-commerce technology provider tru Payments LLC launched tru Shop-by-Payment, a cloud-based service that lets consumers shop for a new car and auto financing at the same time. Bill-payment specialist …
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15 October
Eye on P2P: Venmo Jacks up Its Fee for Instant Transfers; BofA Touts Zelle Results
In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely made a misstep. But over the weekend the popular service said it will raise its fee from 25 cents to 1% for so-called instant transfers users make to move money from their Venmo account to …
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15 October
BitPay Adds Cryptocurrency Settlement Options and other Digital Transactions News briefs from 10/15/18
American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …
