News

March, 2018

• 27 March

  60% of Consumers Would Make a Voice-Commerce Purchase, a TSYS Survey Finds

  

  A strong majority of consumers—60%—would use an intelligent personal assistant or voice-activated speaker to make a purchase or payment, finds the latest iteration of the TSYS U.S. Consumer Payment Study. The response is notable in because it was less than a year ago that another survey found only 19% of …
• 27 March

  A Vending-Payments Processor Applies Cryptocurrency to Crack the Market for Micropayments

  

  Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …
• 27 March

  Twenty Years of Payment Gateway Excellence

  

  For 20 years, USAePay has been shaking up how things are done in payments. Since inception, USAePay has been leading the payments industry, working directly with reseller banks, ISO’s, merchants, and developers. Back in 1998, computers and the Internet had limited capabilities. However, over the last couple of decades, technological …
• 26 March

  Backed by BBVA, a Fintech Startup Creates a ‘Borderless’ Payment Account

  

  Denizen Financial Inc., a San Francisco-based startup backed by one of Spain’s biggest banks, has created what it calls “the first true global, borderless account” that allows customers to receive money in one country and pay it out in another while avoiding international transfer fees and foreign-exchange fees. Denizen says …
• 26 March

  Shopify Picks Google Cloud Services and other Digital Transactions News briefs from 3/26/18

  

  E-commerce platform provider Shopify Inc. chose Google’s cloud services to help host its online stores, Bloomberg reported. Payments provider Net Element Inc. said Jonathan Fichman, a former Bank of America Merrill Lynch executive who currently is managing director of C-Anax Ventures & Advisory, joined its board of directors.
• 26 March

  Many Consumers View Stores As Online Shopping Extensions, a Survey Finds

  

  Buy online, pick up in store is now a mainstream expectation for consumers, finds a survey from Kibo Software Inc., an e-commerce platform provider. In the Kibo “2018 Consumer Trends Report” of 3,000 U.S. consumers, 67% said they made a purchase online and picked it up in a store in …
• 26 March

  For TCF, It’s Full Speed Ahead With Contactless Payments

  

  With about 18 months of experience with contactless debit cards under its belt, TCF Financial Corp. says it’s all-in for so-called dual-interface cards and mobile payments as the number of U.S. merchant locations accepting contactless payments continues to grow. The Wayzata, Minn.-based company’s TCF Bank began supporting the major mobile …
• 23 March

  A Scan of 35 Popular Crypto Exchanges Exposes Some Alarmingly Weak Password Policies

  

  With digital currencies booming in popularity over the past year or so, the security of the digital exchanges that convert users’ fiat money into cryptocurrencies like Bitcoin is coming into clearer focus—and the picture isn’t consistently pretty, according to a survey released this week. Some popular exchanges allow users to …
• 23 March

  How Tweaks to Visa’s Chargeback Program Are Expected To Speed Up Resolutions

  

  Visa Inc. is altering its chargeback-resolution program to condense the reason codes into four categories, amend the time to resolve a disputed transaction, and make other changes. According to data on a Chase Paymentech site, the changes are set to go into effect April 15 because the card brand wants to …
• 23 March

  Square’s Coffee Perk and other Digital Transactions News briefs from 3-23-18

  

  Square Inc. is testing a program that gives consumers $1 off purchases at coffee shops when they pay with Square Cash, MarketWatch reported. Payout provider Hyperwallet announced that tilr, a recruiting platform, is using Hyperwallet for payouts to its clients. Candex, a business-services payments provider for purchases of under $100,000, …