Digital Transactions Authoritative, insightful and timely information for payments professionals
ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …
August, 2018
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29 August
In Separate Deals, Global Payments And Paysafe Bolster Their Integrated-Payments Efforts
In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers. Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service …
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29 August
Western Union Expands Mobile And Online Transfers to Three More Global Regions
The Western Union Co., which has been expanding its digital footprint for several years, announced a major move on Wednesday into Asia, Latin America, and the Middle East. Online and mobile money transfers will start over the next few weeks in Malaysia and Singapore, the company said, with service already …
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29 August
3.1 Million Merchants Accept Chip Cards and other Digital Transactions News briefs from 8/29/18
In its latest update about the U.S. conversion from magnetic-stripe to EMV chip cards, Visa Inc. said more than 3.1 million merchant locations accepted chip cards as of June versus only 392,000 in September 2015. The number of Visa chip cards increased 214% in that time to 499.7 million. Some …
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28 August
Cash Pick-Up Deal With Ria Brings PayPal’s Xoom to 60 More Countries
Xoom, the online money-transfer service that PayPal Holdings Inc. acquired in 2015, will enter 60 more countries and expand in 26 more under a deal announced Tuesday with Euronet Worldwide Inc.’s Ria money-transfer subsidiary. The pact enables Xoom payment recipients to pick up cash transfers from senders, most of whom …
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28 August
Mitek CEO DeBello Will Leave the Remote Deposit Capture Provider This Year
Mitek Systems Inc. announced the departure of chief executive James B. DeBello at the end of this year. The remote deposit capture provider said DeBello, who became its president and CEO in 2003 and chairman of the board in 2016, will leave Jan. 1. DeBello has served on Mitek’s board …
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28 August
An Activist Social Network Alleges PayPal Is Still Processing for Supremacist Groups
Reacting to violent clashes a year ago in Charlottesville, Va., between white supremacist groups and counter demonstrators, several major payment systems shut down access for supremacist organizations that used the systems to process donations. But now a social network devoted to activist causes says PayPal Holdings Inc. is still processing …
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28 August
Google Exec: Google Pay Represents More Than a Rebranding
To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …
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28 August
Processor Provides Prepaid Services and other Digital Transactions News briefs from 8/28/18
Merchant processor Payment Data Systems Inc. said its FiCentive prepaid card subsidiary will provide program management and processing and develop Web and mobile applications for University Fancards, which offers university-branded gift and reloadable prepaid cards. Speedpay Inc., Western Union’s bill-payment unit, has adopted a customer-guidance tool based on artificial intelligence …
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28 August
White-Labeling Mobile Solutions for a Competitive Advantage
By Scott Dowty, Chief Revenue Officer at Apriva, LLC With smartphones becoming the dominant tool for personal and business communications, mobile commerce is critical for businesses. Mobile payments are projected to reach $503 billion by 2020,[1] and an estimated 75% of all financial transactions may be cashless by 2025[2], so …
