Digital Transactions Authoritative, insightful and timely information for payments professionals
Bitcoin’s high-flying value has lost some altitude lately, but the cost to perform a transaction is reaching record highs. At the same time, other major cryptocurrencies have also become increasingly expensive not only to buy but to use as a means of exchange. The average fee to perform a Bitcoin …
December, 2017
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21 December
Mobile Wallets Team Up With Networks, Issuers, and Merchants for Consumer Attention
The holiday shopping season may be coming to a close, but mashups between mobile-wallet providers, merchants, payment card networks, and card issuers are likely to continue indefinitely as all groups seek more transaction volume from consumers. Apple Inc. has been active this holiday season. In one promotion, Apple is offering …
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21 December
Payment Data’s Stock Move and other Digital Transactions News briefs from 12/21/17
Point-of-sale system maker Touch Dynamic debuted the Breeze Ultra All-In-One POS terminal. Payment Data Systems Inc. said it will sell 1.18 million shares of common stock to institutional investors at $2.55 per share. The merchant processor anticipates net proceeds of $2.75 million after expenses, which it will use for general …
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20 December
Net Element’s Stock Jumps More Than 200% After the Processor Creates Blockchain Unit
Shares of the small merchant processor Net Element Inc. surged more than 200% Wednesday morning, apparently for no other reason than the company announced it was creating a business unit to pursue opportunities in the nascent blockchain industry. At about 11:30 a.m. Eastern time, Miami-based Net Element’s stock was priced …
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20 December
Some 2.5 Million, Or 55%, of All Merchant Locations Now Accept EMV, Visa Data Shows
Some 55% of all U.S. storefronts were accepting EMV chip cards as of September, according to the latest quarterly data from Visa Inc., released Monday. That comes to more than 2.5 million merchant locations, up 9% from June and 538% from September 2015, when 392,000 locations were accepting chip cards …
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20 December
Chargeback Releases Dispute Management Tool and other Digital Transactions News briefs from 12/20/17
Chargeback.com Inc. released the Chargeback App to aid employees in managing a retailer’s chargeback disputes. The commerce-technology provider Big Commerce agreed to make Visa Checkout available to its more than 55,000 merchant clients. More than 28 million card accounts are enrolled in Visa Checkout, which streamlines the payment process with users’ …
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19 December
Johnson Named PCI Security Standards Council Executive Director
The PCI Security Standards Council named Lance J. Johnson to the executive director position. Johnson, who had been chief operating officer at Sequent Software Inc. for the past five years and spent 20 years at Visa Inc., replaces Stephen W. Orfei, the general manager who left earlier this year after …
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19 December
As 2018 Nears, Payments Professionals Predict Advances in Tech for Blockchain, Mobile, ID
The blockchain, mobile commerce, fraud, data breaches, and authentication were all hot payments topics in 2017. Expect that to continue into 2018 if the prognostications from several payments executives hold true. Much of their outlook centers on identity and authentication, especially as data breaches, large and small, continue to wreak …
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19 December
New York C-Store Moves Fuel-Pump EMV Acceptance Forward With NCR Technology
The slow conversion of U.S. gasoline pumps from acceptance of only magnetic-stripe payment cards to EMV chip cards took a step forward Tuesday when payment technology provider NCR Corp. announced that a convenience store in upstate New York had completed its first outdoor EMV transaction using an NCR Optic upgrade …
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19 December
BlueSnap Lands More Integrations and other Digital Transactions News briefs from 12/19/17
Fit Pay Inc. will bring contactless-payment technology to wearable devices in Australia under an agreement with Australia and New Zealand Banking Group Ltd. Fit Pay is a unit of Florida-based NXT-ID Inc. Payments provider BlueSnap Inc. announced integrations with six software and services providers. Bluefin Payment Systems said it received …
