Digital Transactions Authoritative, insightful and timely information for payments professionals
Blackhawk Network Inc., a major player in merchant-branded prepaid cards, just gained an even bigger foothold in that market with its $175-million, all-cash acquisition of CashStar Inc., a 10-year-old firm specializing in digital gift cards. Announced Wednesday morning the dealbrings to Pleasanton, Calif.-based Blackhawk a platform enabling mrchants to market …
August, 2017
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30 August
Payments Professionals Diagnose What Ails Mobile Wallets
There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …
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30 August
Mobile Remote Capture Provider Digiliti Rejects Urban FT’s $10.5 Million Bid
Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks, has rejected Urban FT Inc.’s offer to save the company from potential bankruptcy, Urban FT announced Tuesday. Earlier in August, Digiliti said was considering “strategic options” that included a sale of the company or a Chapter …
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30 August
PayPal’s Latest Credit Card and other Digital Transactions News briefs
In its latest flirtation with plastic credit cards, online payments leader PayPal Holdings Inc. unveiled its PayPal Cashback Mastercard, a no-annual-fee card issued by Synchrony Bank that gives PayPal account holders 2% cash back on online and in-store purchases wherever Mastercard is accepted. Rewards, on which there are no limits or expiration …
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29 August
Fitbit’s Newest Fitness Tracker Shows How the Card Brands Are Pushing Contactless
Consumers have a new option when choosing a fitness device that’s capable of making a contactless payment. Fitbit Inc., a San Francisco-based maker of fitness trackers, announced its Ionic smart watch Monday that includes Fitbit Pay, the company’s first foray into contactless payments. Fitbit Pay, which will be available when …
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29 August
Credit Union Joins Accel and other Digital Transactions News briefs
Target Corp. has integrated its popular Cartwheel couponing app into its main mobile app in preparation for introducing mobile-payment functionality based on quick-response codes, TechCrunch reports, though Target’s deadline for introducing payments on the app is “in flux”and may slip into early next year, according to the online news service. Golden …
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28 August
Seventy Percent of Millennials Have Made an In-App Purchase in the Past Year, Study Finds
Young adults are famous for their enthusiasm for new technologies, and that perception appears to be confirmed by a new study that compared adoption of in-app payments by various age groups. The recently released “2017 U.S. Mobile App Report” from Internet metrics firm comScore Inc. found that 23% of adult …
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28 August
Glance Licenses its Glance Pay Tech and other Digital Transactions News briefs
Fitbit introduced its first smart watch, the Ionic, which features contactless-payment capability. Over the coming months users can add tokenized American Express Co. cards as well as Visa Inc. and Mastercard Inc. credit and debit cards from certain banks around the world, including Bank of America, Capital One, HSBC, and U.S. Bank in the United States, …
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26 August
The CFPB Didn’t Play Nice, So a Judge Tosses Its Claims Against Merchant Acquirers
After chastising the Consumer Financial Protection Bureau for way it handled itself in its 2015 lawsuit against allegedly fraudulent debt collectors and their payment processors, a federal judge on Friday threw out the CFPB’s claims against the processors. The case is unusual in that Judge Richard W. Story of U.S. …
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25 August
Why Have Transactions And Dollar Volume Dropped for Same-Day ACH?
So far, most observers would agree same-day ACH credit processing, introduced nearly a year ago on the nation’s automated clearing house network, has been a success. Users appear to be satisfied with the service, and risk appears to be under control, observers say, despite the shorter windows for fraud detection. …
