Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
August, 2018
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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 …
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27 August
A $650 Million Loan Eases Diebold Nixdorf’s Financial Woes, At Least for Now
Shares of cash-strapped Diebold Nixdorf Inc. jumped 12% Monday morning in the wake of news from the ATM manufacturer and financial and payment software provider that it had secured a commitment for a $650 million loan, easing the liquidity problems that it had encountered in recent weeks. North Canton, Ohio-based …
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27 August
MoneyGram Expands Its Online Platform Into Five New Markets
Wire-transfer provider MoneyGram International Inc. once again is expanding to more markets. This time, the company announced Monday, consumers in Ireland, Poland, Sweden, Norway, and Denmark are the latest to have access to the company’s online platform. MoneyGram’s online service is now available in 15 nations. In July, it expanded …
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27 August
Worldnet TPS Launches EMV Service and other Digital Transactions News briefs from 8/27/18
Worldnet TPS Ltd. launched GoChipNow, a service for virtual-terminal merchants to convert to EMV chip card acceptance. VSoft Corp., which specializes in information-technology products for financial institutions, said it will integrate a payment service from Payrailz into its digital banking platform. Total investment in startups specializing in artificial intelligence, an …
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24 August
Payments Incumbents Can’t Rest on Their Laurels, Researchers Say
Payment-industry incumbents, particularly the global credit card networks and their allied banks and processors, can’t rest on their laurels lest fast-growing mobile and non-card payment systems in much of the world leave them in the dust. That was the conclusion of payments researchers Friday who spoke at the Mobile Payments …
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24 August
E-Retailer Adds Google Pay Option and other Digital Transactions News briefs
Online-shopping site jClub Inc. said its customers can check out with a single click on mobile or desktop devices using the Google Pay button. Google Pay is a 3-year-old mobile-payment service from Alphabet Inc.’s Google unit. Facing growing concerns about privacy protections on its popular Venmo person-to-person payments service, executives …
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24 August
COMMENTARY: Back-to-School Season Is No Time To Let Down Your Fraud Guards
Back-to-school shopping means big dollars for many merchants. In fact, the National Retail Federation predicts parents will spend $82.8 billion, and both online and brick-and-mortar retailers are hoping to get a piece of the action. Unfortunately, so are the fraudsters. This year’s back-to-school shopping, already in progress, is sure to …
