Digital Transactions Authoritative, insightful and timely information for payments professionals
In response to Canada’s moves to introduce further regulation of its payments industry, the Washington, D.C.-based Electronic Transactions Association said this week it is “expanding” its advocacy effort into that country. So far, the ETA’s effort includes hiring a lobbyist to represent the interests of Canadian payments companies and U.S. …
August, 2018
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22 August
Consumers Keep More Money in Their PayPal Accounts Than Cash in Their Wallets, a Study Finds
U.S. consumers are apt to have more money—$485 on average—in their PayPal Holdings Inc. accounts than cash in their wallet, $196, finds the Future of Money Study from Logica Research. San Francisco-based Logica Research, formerly Koski Research Inc., also found that 58% of Americans have a PayPal account. A number of …
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22 August
At Its Three-Year Mark, Samsung Pay Cites 2,000 Partners And a Billion-Plus Payments
Samsung Pay launched in South Korea three years ago Monday, and on Tuesday Samsung Electronics Co. Ltd. marked the anniversary by releasing some numbers for the mobile-payments platform. Widely known as one of three “Pays” that rely on near-field communication technology for in-store transactions (Apple Pay and Google Pay are …
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22 August
Finalsite Payments Debuts and other Digital Transactions News briefs from 8/22/18
Finalsite, a marketing and communication platform for the education industry, launched Finalsite Payments by integrating BlueSnap’s Payments for Platforms service. Fiserv Inc. introduced enhanced authentication techniques specifically aimed at call-center fraud. Mercator Advisory Group Inc. released its “U.S. Faster Payments Forecast, 2017-2021, Update: The Consequences of Faster Payments” research report. …
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21 August
Warehouse Retailer Costco Is Now Accepting ‘The Pays’
Notoriously picky about which payment forms it accepts, Costco Wholesale Corp. is now accepting Apple Pay, Google Pay, and Samsung Pay in its U.S. stores. With 519 locations, Issaquah, Wash.-based Costco is the nation’s third-largest brick-and-mortar retailer, according to the National Retail Federation. In its warehouse-like stores, it accepts debit …
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21 August
General-Purpose Contactless Payments Continue To Struggle on U.S. Transit Systems
Contactless fare payments are still booming on London’s massive public-transportation network, but it’s a different story in the United States despite years of talk and testing. The latest figures from Transport for London, the agency that oversees the United Kingdom capital city’s subways and buses, show an average of 1.48 …
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21 August
Linked2Pay Debuts Instant Merchant Settlement and other Digital Transactions News briefs
Payment-processing technology company Pineapple Payments has acquired payment-gateway provider Transax for undisclosed terms. The deal represents the fifth acquisition this year for Pineapple, which says it is processing $3 billion in annual volume for more than 13,000 merchants. Payments-technology provider linked2pay introduced what it calls instant merchant settlements for credit …
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20 August
Francisco Partners Closes on Its $3.4 Billion Verifone Deal
As of Monday, point-of-sale terminal maker Verifone Systems Inc. once again is a privately-held company. Announced in April, the $3.4 billion deal also sees Michael Pulli, former chief executive of Pace plc, step into the same role at San Jose, Calif.-based Verifone, replacing Paul Galant, who became CEO in 2013. Galant …
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20 August
A Startup Opens a Concept Store to Compete With Amazon in Ditching Checkout Lanes
Amazon.com Inc. may not have a lock on the concept of a checkout-free store. A San Francisco-based startup company called Zippin said on Monday it has opened a store that lets consumers walk in, pick up the items they want to buy, and simply walk out. Zippin’s technology tracks what …
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20 August
Deluxe Hitches Its eCheck Business to QuickBooks Online And Its 2 Million Users
Deluxe Corp. is bridging the gap between paper checks and electronic payments for small businesses by integrating its eCheck technology with Inuit Inc.’s QuickBooks accounting software. The integration is expected to automate check writing and delivery for small and midsize businesses, many of which continue to rely heavily on paper …
