News

December, 2017

• 15 December

  As Bitcoin Struggles With Congestion, BitPay Looks To Add More Crypto Choices

  

  With Bitcoin priced near $18,000 Friday morning, and with futures markets already trading Bitcoin contracts or getting set to, investors in the digital currency are riding high. Consumers who want to use Bitcoin to buy things, though, face a market rife with volatility, slow transactions, and high costs. Bitcoin exchanges …
• 15 December

  Magento Touts a One-Click Checkout Feature Following Expiration of Amazon’s One-Click Patent

  

  E-commerce platform Magento Inc. announced Instant Purchase, its new one-click payment feature that is now standard on its Magento Commerce system. For merchants, Instant Purchase offers a customizable button, a mobile-optimized process that Campbell, Calif.-based Magento says can reduce time-to-purchase by 90%, automatic shipping to the shopper’s default address, and …
• 15 December

  BitPay Looks to More Crypto Choices and other Digital Transactions News briefs from 12/15/17

  

  Seven retail trade groups filed a joint amicus brief in a case now before the U.S. Supreme Court in which 11 states, led by Ohio, are appealing a U.S. Court of Appeals decision that upholds American Express Co.’s rule prohibiting merchants from steering customers to cards with lower acceptance costs. …
• 14 December

  Recurly Turns to Adyen for Help as It Expands Its Subscription-Management Business Globally

  

  Subscription-management platform provider Recurly Inc. reported Thursday that it will use international multi-channel payments provider Adyen to further expand its business abroad. Founded in 2010, San Francisco-based Recurly already operates in 32 countries. Its customers are businesses that use recurring-revenue models, including media and publishing firms, software-as-a-service providers, and others. …
• 14 December

  Quiet Online Shopping Days Yield the Biggest Fraud Spikes, Stripe Says

  

  Santa Claus might be relaxing on Dec. 25, but criminals targeting online merchants with stolen credit and debit cards won’t be taking the day off. That’s evident from Stripe Inc.’s latest report on online fraud trends and behavior. Released this week, the report, which examines an undisclosed number of transactions made …
• 14 December

  In Making Its App Work With Apple’s Face ID, Discover Could Tap Into a Budding Appetite for Biometrics

  

  Wider availability of technology that would have been nearly unthinkable only a few years ago is making biometric authentication a more likely replacement for the password. In the latest development, Discover Financial Services on Thursday announced users of its mobile app who own an iPhone X can log in to …
• 14 December

  Recurly Chooses Adyen for Expansion and other Digital Transactions News briefs from 12/14/17

  

  Payrange Inc., a developer of mobile-payment applications for washers, dryers, and other machines, introduced its product for Speed Queen and Maytag laundry machines. Subscription-management platform provider Recurly Inc. said it will use international payments provider Adyen to further expand its global business. Cornerstone Bank became the 200th financial institution to …
• 13 December

  Gas Stations Convert To EMV Chip Card Acceptance From the Inside Out

  

  Gas stations caught a lucky break a year ago when Visa Inc. and Mastercard Inc. postponed their planned October 2017 EMV liability shifts for unattended fuel pumps for three years. Almost no convenience store or stand-alone gas station chain would have been ready by then, retail petroleum executives say, and …
• 13 December

  Clearent Receives PCI Certification and other Digital Transactions News briefs

  

  7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …
• 12 December

  VeriFone Unloads Its Taxi Business, But Confronts a Challenging U.S. Market

  

  VeriFone Systems Inc. has finally shed its underperforming taxi business, but it still faces a North American market hampered by a three-year delay in an EMV deadline for U.S. petroleum marketers. The San Jose, Calif.-based point-of-sale company sold the taxi unit on Tuesday for $30 million. VeriFone, which will retain …