Digital Transactions Authoritative, insightful and timely information for payments professionals
Toast, a 7-year-old provider of point-of-sale and payments software to restaurants, has launched its first POS device, a handheld that servers can use to accept payments and handle other functions. The device replaces a Samsung model the company used. Commerce platform Shopify Inc. reported transactions from mobile devices amounted to …
May, 2018
April, 2018
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30 April
A Walmart Win And Burgeoning ISV Transactions Buoy First Data’s Expectations
Processing giant First Data Corp. said on Monday Walmart Inc. has added Star signature debit acceptance to its roster of payment options. The company also noted that its integrated payments business continues to grow. Both observations came during the Atlanta-based company’s first-quarter earnings call with equity analysts. For the quarter, …
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30 April
Eye on Blockchain: Ripple Keeps Making Waves; Litecoin Lands in Wirex’s Visa Debit Card
With digital-payments providers emerging all over the world to serve local and international consumers, the search is on for synchronized, standardized networks to transfer funds cross-border. Ripple, the San Francisco-based provider of distributed-ledger payments, says it has the answer, and late last week five payments services overseas signed on to …
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30 April
Western Union Adds WeChat Pay Option and other Digital Transactions New briefs from 4/30/18
Zippy’s Restaurants said credit and debit card data, including cardholder names and numbers, may have been compromised in a “data-security incident” at its approximately two dozen locations in Hawaii between last Nov. 23 and March 29; the chain learned of the incident March 9. The Western Union Co. has added …
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27 April
Capturing Payments Through Omnichannel Consumer Experiences
By Scott Dowty, Chief Revenue Officer at Apriva, LLC Merchants today need to connect with their prospects and customers across multiple channels to survive and thrive. This “omnichannel” strategy requires meeting the customer in store, online, with mobile, with self-service and vending, perhaps even with mail order/telephone order options. And …
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27 April
How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants
Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
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27 April
Discover’s Network Volumes Grow; Company Eyes ‘Non-Traditional’ Ways To Keep Growth Up
Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of …
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27 April
PayNearMe Expands Payless Deal and other Digital Transactions News briefs from 4/27/18
Customers of safeTstep, the business-to-business division of Payless ShoeSource, can now use PayNearMe to pay for online orders with cash at more than 27,000 U.S. locations, Payless said. This follows an earlier announcement that consumers can use PayNearMe for their Payless.com purchases. The Zelle person-to-person payments network moved more than …
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26 April
EVO Payments Explores Going Public
EVO Payments International says it plans to go public and has filed an S-1 registration statement with U.S. Securities and Exchange Commission. The Atlanta-based payments company announced the move late Wednesday. Though the registration statement does not reveal how much EVO expects to raise by going public, the company says …
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26 April
In Pursuit of Holistic AML
by Computer Services, Inc. (CSI) Now, more than ever, achieving a 360-degree view of customers is essential for optimized and effective anti-money laundering (AML) compliance. Financial institutions, including banks, investment firms, and insurers—and the services they offer both retail and corporate customers—have grown in size and complexity …
