Digital Transactions Authoritative, insightful and timely information for payments professionals
Michael Nardy, Founder and CEO Working through the challenges of the market, today’s MLS need to be as agile as ever, often changing their marketing approach, sales pitch, and even reevaluating verticals they tackle in order to stay competitive. Recently, the growth of Surcharging and Cash Discount programs have …
April, 2018
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25 April
Upserve Opens Denver Office and other Digital Transactions News briefs from 4/25/18
Prepaid card and payments specialist InComm announced it is adding 150 jobs and investing more than $20 million in the Atlanta and Columbus, Ga., areas. The moves follow its acquisition of the distribution rights to American Express Co.’s reloadable and gift card products, and the purchase of the AmEx Serve platform. …
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24 April
Contactless Payments Continue To Gain Share on London’s Transit System
Contactless point-of-sale debit and credit card transactions are barely a blip on the U.S. payments screen, but on London’s vast public-transportation system, payments from contactless cards or smart phones now account for half of all pay-as-you-go fares on subways and rail lines, system operator Transport for London reported Tuesday. Contactless …
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24 April
BitPay Targets Physical Stores for Cryptocurrency With a Refreshed Checkout App
Bitcoin is far from a mainstream payment method, but most merchants that accept the cryptocurrency are online sellers. On Monday, the Atlanta-based processor BitPay Inc. announced an update intended to bring Bitcoin and its recently hatched cousin, Bitcoin Cash, to more brick-and-mortar merchants. BitPay introduced its Checkout app, which works …
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24 April
Australia Post Select U.S. POS System and other Digital Transactions News briefs from 4/24/18
Boston-based OneView Commerce announced that Australia Post signed a multiyear software-as-a-service agreement to use OneView’s Cloud POS service. Payments provider Merchant e-Solutions released an updated version of its payment-acceptance extension for the Magento e-commerce platform. Payouts company Transpay said outbound payments from the United States to other nations increased 93% …
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23 April
Remittances Rose in 2017 While Their Costs, Although Still High, Declined
Driven by growth in the United States, Europe, and Russia, global remittances grew 7% in 2017 to $613 billion from $573 billion in 2016, the World Bank reported Monday. At the same time, the average cost of remittances fell, though expenses remain more than twice as high as the World …
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23 April
The ACH Problem: How its Biggest Upside is Being Exploited
By David Barnhardt, EVP of Product, GIACT Accounts receivable professionals say that they expect nearly half of all payments will be made by way of ACH by 20201. But while financial institutions, payment providers, businesses and consumers continue to adopt and benefit from faster payments, significant new challenges and risks …
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23 April
Are Masterpass and Visa Checkout Doomed by the New Shared Buy Button?
Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …
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23 April
COMMENTARY: Don’t Shut Merchants out of Development of Secure Remote Commerce
The global payment networks announced last week their support for the EMVCo Secure Remote Commerce Framework (SRC) and mentioned proprietary programs being introduced predicated on this framework with the promise to deliver security, standardization, simplification, fraud reduction, and increased conversion for digital commerce. The promise sounds like a keeper. Yet …
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23 April
Laundry Payment App Debuts and other Digital Transactions News briefs from 4/23/18
Ready, a company specializing in self-pay software for restaurants, has teamed with Squirrel POS, a supplier of point-of-sale software to the same industry, to allow customers to view, split, and pay their tab on their mobile phones. Automatic Laundry, which provides laundry-management services for multitenant buildings, announced the LaundryConnect Pay …
