Digital Transactions Authoritative, insightful and timely information for payments professionals
Restaurant-services specialist LevelUp is being sold to Grubhub Inc. for $390 million. Announced Wednesday, the deal weds Boston-based LevelUp, with its expertise in digital ordering, payment, and loyalty, with Grubhub’s online and mobile food-ordering services. Chicago-based Grubhub also owns the Seamless, Eat24, AllMenus, and MenuPages brands. The deal is an …
July, 2018
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26 July
Mastercard Profit Jumps 33% as U.S. and Global Volumes Grow
Mastercard Inc. posted a 33% increase in second-quarter profit as its worldwide purchase volumes rose nearly 16% and U.S. volume grew 10.5%. New business wins, including cobranded cards, and more customers for existing products drove the higher numbers. “We continue to make excellent progress with cobrands,” Mastercard chief executive Ajay …
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26 July
PayPal Looks to Cash in on P2P And Stresses It’s Shopping for More Acquisitions
Person-to-person payments are hot these days, and PayPal Holdings Inc. has one of the hottest products in the market with its Venmo service. But as PayPal revealed Wednesday, Venmo can create some friction for its parent even as it vitally expands its payments business. PayPal reported $14.2 billion in payment …
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26 July
Dunkin’ Brands Broadens CardFree License and other Digital Transactions News briefs from 7/26/18
Dunkin’ Brands Group Inc. expanded its licensing agreement with CardFree Inc., the technology provider for the Dunkin’ Donuts mobile app. The deal includes a perpetual license to the CardFree software and greater control over the mobile-payments technology. Dunkin’ Brands also is licensed to use the technology for future services, including …
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25 July
Visa Surpasses $2 Trillion in Payment Volume in Its Third Quarter
With economic conditions generally healthy in most of the world, Visa Inc. racked up $2.1 trillion in combined credit and debit payment volume in the quarter ended June 30, an 11.1% increase from $1.87 trillion a year earlier on a constant-currency basis. The United States, by far the largest of …
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25 July
An Integrated Payments Strategy Is Paying Off for TSYS
An integrated payments strategy appears to be paying off for processor Total System Services Inc. (TSYS). The Columbus, Ga.-based company says it signed 45 new integrated payments partners in the second quarter. “Coupled with a strong pipeline of software providers across a diverse set of verticals, we believe this high-growth …
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25 July
More Merchants, Not So Much Spending: A Mixed Report on Insider Sentiment on Crypto
When it comes to the potential for Bitcoin and other cryptocurrencies to be a real-world payment method, users, investors, and blockchain executives have a somewhat mixed view on the matter. Asked whether they think more merchants will start accepting crypto this year, 49% agree and 23% strongly agree that they …
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25 July
Drone Pay Makes an Appearance on the Payments Radar, but Can It Fly?
Payment processor Worldpay Inc. said Tuesday that it is testing what it calls Drone Pay, a payment system for drone-based package deliveries. “Worldpay’s Drone Pay proof of concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person …
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25 July
CardSavr Gets Voice Update and other Digital Transactions News briefs from 7/25/18
Switch Inc., whose CardSavr application programming interface allows cardholders to manage card-on-file transactions and updates, said it is merging its technology with voice technology to make it possible for consumers to inquire about and update payment data with merchants via voice command. Custom Business Solutions Inc., a reseller of the …
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24 July
eBay Adds Apple Pay Acceptance And Square Capital As It Unwinds Its PayPal Connection
Marketplace giant eBay Inc. will add Apple Pay acceptance for consumers and access to merchant funding via Square Inc.’s Square Capital this fall as the San Jose, Calif.-based company works on managing its own payments system. EBay is disengaging from payment services provided by PayPal Holdings Inc. In January, PayPal …
