Digital Transactions Authoritative, insightful and timely information for payments professionals
Parking management and payments provider ParkWhiz acquired CodiPark, an Israeli firm whose app allows users to pay for a parking space when they drive up to a garage, a function that adds to ParkWhiz’s pre-booking app. Terms were not announced. POSaBIT Ltd., a financial-technology company specializing in digital currency at the …
May, 2018
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30 May
Generation Z Emerges With a New Way of Thinking About Payments
Generation Z is about to become a major force in financial services and payments, and that will change how payments providers market their services to them. That assertion, in the “Technologies Influencing Generation Z Payments Adoption” report released this week by Javelin Strategy & Research, is based, in part, on …
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30 May
Will A Wider Array of NFC Functions Help Boost Apple Pay?
Ever since Apple Pay launched in the fall of 2014, observers have questioned why the mobile-payment service hasn’t caught on with consumers. One possibility is that the service’s contactless capability remains foreign to most consumers. That could change next month, when Apple Inc. is expected to widen the range of …
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30 May
How Can Payment Partners Support ISOs and ISVs in a Changing Market?
Sarah Adams, VP Product, Card Present at Paysafe In an article posted earlier this week, my colleague Todd Linden, CEO of Payment Processing North America, looked at how the US payments landscape is changing. He also explored how Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) were evolving in …
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30 May
Shift4’s New Partnership and other Digital Transactions News briefs from 5/30/18
Point-of-sale system technology provider Revel Systems said it integrated customer-engagement software from Conduit Ltd., which uses the brand name Como, into its platform to bring to brick-and-mortar merchants services used by online retailers such as loyalty programs, analytics, branded mobile apps, in-app payments and other capabilities. Shift4 Payments LLC announced …
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29 May
Generation Z: The Unknown Factor
The payments industry has long been focused on Millennial consumer habits and with good reason: They are a highly influential consumer base and our first generation of digital natives. Now, however, it’s time to be aware of an even more revolutionary demographic stepping into the payments spotlight: Generation Z. …
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29 May
COMMENTARY: In the Eyes of the CFPB, We Are All Prepaid Now
A deep dive into the more than 2,000 pages of the Consumer Financial Protection Bureau’s regulations covering the prepaid market shows that the CFPB is trying to extend uniform consumer protections to as many payment types as possible. That includes unauthorized or disputed transactions for all financial-access devices regardless of …
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29 May
Ingenico Device Wins a Google Certification and other Digital Transactions News briefs from 5/29/18
In an effort to help modernize New York City’s taxi fleet, Curb Mobility has introduced two new tablet initiatives, Dash and Ryde. Dash is a tablet-based digital meter, while Ryde is a customer-facing tablet that links to the Dash meter and provides in-cab entertainment. The new services add to Curb’s …
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29 May
Cryptocurrencies Take off With Travel Site CheapAir.com
Customer demand has prompted CheapAir.com to accept three more cryptocurrencies in addition to Bitcoin, which the travel-booking site began accepting in 2013. The new ones are Litecoin, Bitcoin Cash, and Dash. These three currencies promise faster transaction times and lower fees than Bitcoin and are the most-requested cryptocurrencies among those customers …
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25 May
Chase Sues Restaurant Operator Landry’s To Recover $20 Million in Data-Breach Network Fines
JPMorgan Chase Bank and its merchant-acquiring affiliate Paymentech have filed a breach-of-contract suit against restaurant operator and Paymentech merchant Landry’s Inc. seeking to recover $20 million in fines from Visa Inc. and Mastercard Inc. stemming from a 2014-15 data breach at dozens of Landry’s properties. The bank and processor, collectively called …
