News

October, 2018

• 29 October

  COMMENTARY: Why an Omnichannel Strategy for Mobile Payments Is Crucial for Merchants

  

  It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay has ushered in the modern era of mobile payments. These “Pays” have been joined by mobile-payment solutions from retailers like Starbucks and Walmart, and together with P2P apps that can be used at …
• 29 October

  Ripple Doubles XRP Sales and other Digital Transactions News briefs from 10/29/18

  

  Mobile-payments company PayByPhone said consumers can use its app to pay for parking operated by Tacoma Platinum Parking Partners. PayByPhone said the service covers more than 100 parking spaces in the Washington city. Ripple Labs Inc. said it sold $163.3 million of its XRP cryptocurrency in the third quarter, more …
• 26 October

  Faster Payments Are Coming to Acquiring, Triggering Opportunity for Payments Providers

  

  When it comes to faster payments, merchants don’t want to be left out, and that’s creating a big opportunity for payments processors and other merchant acquirers.  Indeed, as the payments industry shifts toward real-time and near-real-time money movement, processors can cash in on the value of getting good funds into …
• 26 October

  Shopify Adds Venmo and other Digital Transactions News briefs from 10/26/18

  

  Online marketplace Shopify Inc. says it will add Venmo as a payment option, MarketWatch reported. PayPal Holdings Inc., Venmo’s parent, has been promoting a Pay With Venmo service to encourage more users of Venmo, known chiefly as a peer-to-peer payment app, to rely on the service for online purchases. The …
• 25 October

  New CEO Says Payments Are a ‘Big Part’ of Discover’s Growth Strategy

  

  Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded …
• 25 October

  Shopify Posts Higher Volume and other Digital Transactions News briefs from 10/25/18

  

  In an online question-and-answer session with sellers, eBay Inc. said its new Managed Payments platform will add PayPal as a payment option by next summer. The new platform relies on payments provider Adyen as a gateway to a variety of payments options. E-commerce processor Shopify Inc. reported an operating loss …
• 24 October

  Visa CEO Predicts 100 Million Contactless Cards in a Year

  

  Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But chief executive Alfred F. Kelly gave an eyebrow-raising statistic Wednesday regarding …
• 24 October

  As The 2018 Holiday Shopping Season Approaches, So Too Do Criminals, Especially for Online Merchants

  

  Merchants should expect even more consumers to shop online this holiday shopping season. They also should expect even more fraud attempts. New research from Riskified, an Israel-based data-security provider, and cybersecurity firm IntSights finds that the number of false retailer Web sites meant to get consumers to give up their …
• 24 October

  As the Fed Mulls an Entry Into Real-Time Payments, a TCH Executive Flashes a Caution Flag

  

  If the Federal Reserve decides to compete in the developing market for real-time payments, it will face considerable obstacles, one of which has to do with whether such competition is really needed, according to an official with The Clearing House Payments Co. LLC. The Clearing House, which is recruiting financial …
• 24 October

  WEX To Acquire Bill-Pay and Virtual Card Specialist Noventis

  

  Fleet-fueling and corporate-payments provider WEX Inc. reported this week that it has a deal to acquire Noventis Inc., a bill-payment network and virtual card specialist. South Portland, Maine-based WEX said in a news release that it already has a “longstanding relationship” with Noventis as a supplier of virtual cards for …