News

June, 2018

• 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 …
• 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 …
• 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 …
• 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 …
• 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 …
• 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 …
• 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 …
• 6 June

  A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

  

  In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …
• 6 June

  Interac To Provide Cardholders With Cross-Border Debit Purchase Option Through Bambora

  

  Canadian debit card network Interac Corp. says it will soon offer its cardholders the ability to make cross-border purchases through a partnership with Ingenico Group’s Bambora payment-services subsidiary. The move is significant because it will create a stronger e-commerce presence for the Interac Debit service in international markets, giving Canadians …
• 6 June

  CU Adds Fiserv Card Controls and other Digital Transactions News briefs from 6/6/18

  

  Processor Fiserv Inc. said VyStar Credit Union, which ranks 17th among U.S. credit unions by asset size, has become the company’s first client to adopt an enhanced mobile-banking platform that offers newly introduced card controls. The controls allow cardholders to set rules for when, where, and how their cards can be …