Digital Transactions Authoritative, insightful and timely information for payments professionals
The cryptocurrency market suddenly turned bearish over the weekend, with price drops Sunday among the top 10 coins ranging from 6% to 16%. Overall, the total market capitalization of more than 1,600 currencies tracked by Coinmarketcap.com stood at $296.3 billion Monday morning, compared to $339.4 billion around noon on Saturday, …
June, 2018
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11 June
Intuit Appears to Amend Gun-Related Transaction Policy and other Digital Transactions News briefs from 6/11/18
Intuit Inc. has stopped processing gun-related credit card transactions in at least some instances, the New York Post reported. The blocked transactions included sales of gun-related T-shirts and fees for gun-safety classes, according to the report. Intuit did not respond to requests for comment, the newspaper said. Sprott Money Ltd., which …
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8 June
USAA Sues Wells Fargo Over Remote Deposit Capture Patents
USAA, the big insurance company and bank serving current and former military members and their families, filed a federal lawsuit Thursday accusing Wells Fargo Bank of infringing on four of its mobile remote deposit capture patents. The lawsuit, filed in U.S. District Court in Marshall, Texas, asks for unspecified damages. …
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8 June
The Electronic Payments Coalition Takes a Potshot at the New Secure Payments Partnership
A lull in the longstanding war of words between merchants and the global payment card networks came to an end with the creation Thursday of the Secure Payments Partnership, an advocacy group of retailers and PIN-debit networks. On Friday, the Electronic Payments Coalition, a Washington, D.C.-based lobbying organization led primarily …
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8 June
Hyundai’s In-Car Payments Plans and other Digital Transactions News briefs from 6/8/18
The Korean automaker Hyundai has made agreements to let drivers pay through the car’s infotainment system for gas at Chevron or Texaco, meals from Applebee’s To Go, and parking through ParkWhiz. Other automakers working on similar payment systems include Ford for parking and vehicle service and Chevrolet and Jaguar for …
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7 June
Eye on Self-Checkout: Mobile Checkout That Ditches Apps, And New Locations for Amazon Go
The payments industry’s drive to bypass—or eliminate—the traditional retail checkout typically involves a mobile app, but on Thursday Moltin, a 5-year-old Boston-based developer, introduced a browser-based self-checkout capability that lets customers ring up their own goods. The first merchant to deploy the technology is a San Clemente, Calif.-based clothing maker …
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7 June
Vinyl Lovers Find An Easier Payments Experience With Discogs Payments
Discogs, a Web site and app that’s on a mission to build a comprehensive music database and marketplace, launched Discogs Payments this week for its U.S. online buyers and sellers of vinyl records and CDs. The integrated checkout, backed by Adyen, a Netherlands-based processor, is in addition to a system …
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7 June
Merchant Groups and PIN-Debit Networks Band Together for More Input Into Payment Security
Several national merchant trade groups and PIN-debit networks have founded an advocacy group meant to give them a bigger role in the development of electronic-payment security standards. Founding members of the new Secure Payments Partnership include the Food Marketing Institute, National Retail Federation, National Association of Convenience Stores, National Grocers …
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7 June
NXP Launches White-Label NFC Wallet and other Digital Transactions News briefs from 6/7/18
Total System Services Inc. (TSYS) said it purchased iMobile3, which provides point-of-sale and digital marketing services for payments companies to market to merchants, for an undisclosed amount. Chip maker NXP Semiconductors N.V. announced a collaboration with Mastercard Inc. and Visa Inc. with the launch of the NXP mWallet 2GO, a white-label …
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6 June
Splitit Adds a Salesforce Commerce Cloud Integration
Installment-payment specialist Splitit said retailers using the Salesforce Commerce Cloud can now offer the Splitit payment option via an integration into the Salesforce platform. Announced Wednesday, the integration enables merchants to offer an installment-payment option. Upon checkout, the consumer taps the Splitit button at participating Web sites. She is presented …
