Digital Transactions Authoritative, insightful and timely information for payments professionals
Fresquez Companies, operator of nine restaurants at the Albuquerque International Sunport airport, announced it is replacing its vending machines with unattended kiosks for food and other products that use weight-sensing shelves from ShelfX Inc. to determine a consumer’s product selection. Consumers swipe a payment card to unlock the kiosk. Payment …
February, 2018
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12 February
First Data’s Prepaid Business Shines as Struggling Bank Joint Ventures Begin Turnaround
First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …
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12 February
COMMENTARY: Five Key Trends in Payments to Watch for As 2018 Unfolds
As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …
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12 February
YapStone Raises $71 Million and other Digital Transactions News briefs from 2/12/18
Card-data analytics company Cardlytics, which went public Friday, was trading at nearly $16 a share at mid-morning Monday, up 18% on the day to that point. The stock is up 30% since its debut. YapStone, which processes payments for apartment and vacation rentals, announced the first closing in a Series …
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9 February
NCR’s ATM Revenues Dip as POS Equipment Sales Rise
ATM manufacturer NCR Corp. reported Thursday that its ATM revenues declined 21% in the fourth quarter, but point-of-sale hardware revenues grew 23%. Total revenues at Atlanta-based NCR came in at $1.78 billion, down 1% from $1.8 billion in 2016’s fourth quarter and off 3% on a constant-currency basis. The company …
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9 February
March of the Cryptos: All of the Top 10 Digital Currencies Rise This Week
The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …
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9 February
NRF’s 2018 Forecast and other Digital Transactions News briefs from 2/9/18
The National Retail Federation predicts total industry sales this year will increase 3.8% to 4.4% over 2017’s levels, with online and other non-store retail sales rising 10% to 12%. A startup called WeTravel, which streamlines travel planning, booking, and payments for small businesses, has closed a $2 million funding round. …
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8 February
Digital and Other New Services To Drive 7%-Plus Annual Growth in the Prepaid Market, Aite Predicts
The prepaid market can expect to grow more than 7% annually over five years, but unlike its early days in which plastic gift cards and government payments dominated, much of the growth will come from new virtual uses for prepaid products, according to a new Aite Group LLC report. Boston-based …
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8 February
Don’t Know About TLS? You, and Your Merchants, Soon Will
A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …
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8 February
Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin
It was probably only a matter of time before someone combined contactless payment, wearable devices, and cryptocurrencies. On Thursday, Fit Pay Inc. announced a device that will let users convert digital currency holdings into fiat currency for transactions at any point of sale capable of contactless interaction using near-field communication. …
