Digital Transactions Authoritative, insightful and timely information for payments professionals
Token, a provider of contactless payment terminals tailored for events, launched its Mini-Serve EFTPOS system, which allows attendees at events or venues to top up their wristbands or badges with payment cards or mobile wallets. In an expansion of a relationship that dates back to 2004, PayPal Holdings Inc. has …
July, 2018
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2 July
Ethiopian Airlines Adopts a Platform From Carrier-Payment Specialist Cellpoint Mobile
Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …
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2 July
Despite Growth in Mobile and Online Payments, Longstanding Payment Patterns Persist
The latest findings from a long-running survey of consumers’ payment choices show that new technology is driving a growing number of transactions, but overall usage patterns for credit cards, debit cards, and cash remain stable. The simultaneously released 2016 and 2017 Surveys of Consumer Payment Choice from the Federal Reserve …
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2 July
Mobile POS Devices To Reach 27 million by 2021 and other Digital Transactions News briefs from 7/2/18
Mobile-commerce technology provider Shopgate Inc. said it has joined the Shopfiy Plus Technology Partner Program, which will allow Shopify Plus merchants to access Shopgate’s mobile-app platform. The installed base of mobile point-of-sale devices in the United States will grow to 27.7 million by 2021, compared to 3.2 million in 2014, …
June, 2018
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29 June
COMMENTARY: Consumers Deserve Better Retail Protections
The cybersecurity firm Gemini Advisory recently announced a large-scale data breach at Saks Fifth Avenue and its sister company Lord & Taylor, compromising 5 million credit cards. While the forensic investigation is still under way, it appears that the breach was likely caused by malware on the parent company’s point-of-sale …
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29 June
NCR Opts for Bluefin Tech and other Digital Transactions News briefs from 6/29/18
Payments-technology provider Bluefin Payment Systems said NCR Corp. is using Bluefin’s point-to-point encryption service at merchants deploying NCR’s Counterpoint Retail Solution to process payments through NCR Secure Pay. Payments provider Merchant Consulting Group, which was founded in 2005, changed its name to Paystri. Credit-union processor PSCU said its new Lumin …
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28 June
Big Credit Card Interchange Case Could Be Nearing a Settlement
A massive, 13-year-old legal case pitting merchants against the bank card networks and big issuers over credit card interchange could be nearing a settlement, according to regulatory filings and press reports. Mastercard disclosed in a Securities and Exchange Commission filing Thursday that negotiations among the parties are moving along and …
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28 June
Equifax Agrees to Operational Changes in Its Data-Breach Agreement With Eight States
Equifax Inc. disclosed Wednesday that it has entered into a consent order with eight states that requires it to improve its data-protection practices in the wake of the huge data breach last year at the national credit-reporting agency. The breach compromised personal data on approximately 148 million consumers, including Social …
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28 June
A Low-Friction Online Payment Button Debuts To Aid Nonprofits And Journalism Sites
LaterPay Inc. released its LaterPay button as a tool to decrease payment friction, especially for nonprofit organizations and journalism sites, the company announced Thursday. Munich-based LaterPay, which has a U.S. office in New York City, says the button is designed to be a low-friction way to enable consumers to make …
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28 June
Eye on Crypto: Fit Pay Readies Its Flip; Expedia Cancels Bitcoin; Lightning’s Woes; Facebook’s About-Face
It has been a busy week in the cryptocurrency business. On Thursday, technology vendor Fit Pay Inc. announced it is closer to shipping a contactless coin-shaped device called Flip that allows consumers to convert their Bitcoin to U.S. dollars so they can make purchases. Earlier, news emerged that the online …
