Digital Transactions Authoritative, insightful and timely information for payments professionals
POS equipment maker Ingenico Group said KFC Corp., a unit of Yum! Brands Inc., migrated its U.S. payment system to Ingenico’s Telium semi-integrated POS service. Consumers now can make chip-and-sign, chip-and-PIN, magnetic-stripe, and contactless transactions at KFC locations. Online shopping-cart provider 3dcart said its upcoming version 8.1 will support Google …
April, 2018
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3 April
MoneyGram Cements Its Ties With Walmart Through New International Service
Wire-transfer provider MoneyGram International Inc. and Walmart Inc. announced a new international service Tuesday dubbed Walmart2World that the companies say enables recipients to get funds in as little as 10 minutes. The long-time partners also renewed for two years the contract under which Walmart offers MoneyGram’s various money-transfer and bill-pay …
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3 April
Litecoin Founder Charlie Lee: ‘We’re Targeted Toward Payments’
Lately, the cryptocurrency craze has raised any number of questions, but probably the most pressing one for the payments business is whether any of these hundreds of tokens can ever succeed as an actual payment device. But while fluctuating trading values plague all of the digital currencies, one stands out …
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2 April
Saks, Lord & Taylor Breach Exposes 5 Million Card Numbers
Data from 5 million stolen credit and debit cards is coming up for sale, and a cybersecurity firm says the cards were used at retailers Saks Fifth Avenue, Lord & Taylor, and Saks’ off-price chain Saks Off Fifth. Many details about the breach remain unknown, including the extent to which …
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2 April
USAePay Notes POS Terminal Addition and other Digital Transactions News briefs from 4/2/18
While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm …
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2 April
NFC Specialist NXT-ID Reports an Encouraging 2017 And Promises More Products for 2018
NXT-ID Inc., a provider of authentication and contactless-payment technology, reported on Monday that its revenue tripled last year compared to 2016 while its adjusted earnings before interest, depreciation, taxes, and amortization swung positive. The Melbourne, Fla.-based company is best-known in the payments market for its Fit Pay Inc. unit, which …
March, 2018
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30 March
Private-Equity Firm Advent International Merges Clearent With an ISV
Advent International, a private-equity firm with considerable experience in the payments space, announced Friday that it had acquired a majority stake in the big independent sales organization and payment processor Clearent LLC and merged it with FieldEdge, an independent software vendor serving home-services contractors. Advent had also bought FieldEdge. Financial …
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30 March
Eye on Digital Currencies: Request Network Goes Live; Top 5 Currencies Take a Dive
The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …
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30 March
Eye on Digital Currencies and other Digital Transactions News briefs from 3/30/18
Processor Payment Data Systems Inc., which acquired the independent sales organization Singular Payments LLC in September, reported revenues of $5.62 million in 2017’s fourth quarter, up 94% from $2.89 million a year earlier. Revenues for all of 2017 totaled $14.6 million, up 21%. Full-year credit card transaction and dollar volume …
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30 March
Both Contactless EMV Cards And Wallets Should Stock Issuers’ Offerings, Expert Argues
As financial institutions move beyond mag-stripe payment cards, they face a crucial question: should we support mobile wallets, and if we do, should we also issue contactless cards? In the eyes of at least one observer, the answer is an unequivocal “yes” and “yes,” even though the former would seem …
