Digital Transactions Authoritative, insightful and timely information for payments professionals
In a reversal of its past practice, PayPal Holdings Inc. began two years ago working with competitive and semi-competitive partners, and on Thursday it added the last major U.S. card network to that list by announcing a tie-up with American Express Co. PayPal executives also disclosed the company’s performance numbers …
October, 2018
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18 October
ACI’s Payments Hub Lands BMO Financial Group as a User
Payment processor ACI Worldwide Inc. reported Thursday that Toronto-based BMO Financial Group, the parent company of Bank of Montreal and Chicago’s Harris Bank, has rolled out ACI’s payments hub, which can connect banks to real-time payment services. The rollout took nine months, which BMO and Naples, Fla.-based ACI characterized as …
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18 October
Eye on Point of Sale: Contactless Test at Jimmy John’s And eTouchMenu’s POS Terminal Choice
As the payments market, led by the card brands, preps for a potential increase in contactless transactions, sandwich chain Jimmy John’s is testing acceptance of EMV contactless payments. Announced Thursday, the test will use a Verifone Systems Inc. Engage P400 device at an undisclosed number of Jimmy John’s locations, Verifone …
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18 October
Visa And Mastercard Announce Moves to Ease And Secure Online Commerce
Concepts like tokenization, biometrics, and secure e-commerce have attracted much attention in recent years, and in the past couple of days the nation’s two major payments networks have moved to bring that concept closer to reality for online payments. Visa on Thursday announced a deal with Netflix Inc. to expand …
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18 October
ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18
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 …
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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, …
