Digital Transactions Authoritative, insightful and timely information for payments professionals
Ingenico Group said retailer City Furniture is using Ingenico mobile point-of-sale readers and software services as part of its new POS system used in its 27 stores. Payment card manufacturer CPI Card Group Inc. reported second-quarter sales of $65.8 million, down 10.7% from the same period last year. Its net loss was $2.2 …
August, 2017
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2 August
Just One in Four Apple Pay Transactions Come From the U.S.
Apple Inc.’s Apple Pay service continues to roll out in foreign countries, so much so that 75% of its transaction volume is coming from abroad, according to Apple’s chief financial officer. Apple Pay, which uses near-field communication technology for contactless payments with the iPhone and Apple Watch wearable device, was …
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2 August
Among Payments Fintechs, Software and Infrastructure Providers’ Stocks are the Priciest
Payments software and infrastructure companies rank third among 24 financial-technology sectors when viewed through the lens of stock price and earnings while point-of-sale device manufacturers rank 23rd, according to a new analysis from an investment firm. The study by San Francisco-based Financial Technology Partners covers scores of publicly traded global …
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2 August
Software Emerges to Ease Merger of Online And In-Store Payments Data for Merchants
As merchants and payments processors wrestle with linking e-commerce transaction data with data generated from in-store payments, vendors are starting to offer products to ease that connection. An early player is Creditcall Ltd., which on Monday introduced software that allows processors to combine data streams from a merchant’s online and …
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2 August
XPressTap Debuts Mobile Point-of-Sale Service and other Digital Transactions News briefs
Mobile-payments specialist xPressTap Inc. launched its Tap2App product that enables merchants to accept contactless card payments wirelessly using a near-field communication-equipped mobile device. American Express Co. said it now provides an integrated service to MineralTree, an accounts-payable service, to ease business-to-business payments. Payments provider Integrity Payment Systems announced a partnership with Operation First Response, a …
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1 August
A Slow-Moving Hard Fork Yields a High-Capacity Cryptocurrency Called Bitcoin Cash
Slowly but surely, a new version of the Bitcoin digital currency was emerging early Tuesday in what appeared to be the start of a hard fork in the Bitcoin code. The fork is expected to yield a parallel blockchain to support the new cryptocurrency, which is known as Bitcoin Cash. …
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1 August
Vantiv’s Worldpay Bid Extended and other Digital Transactions News briefs
Payments veteran and Harbortouch founder Jared Isaacman announced the formation of Lighthouse Network LLC, a company that will provide shared services, such as payment processing, merchant-support responsibilities, and corporate functions to Harbortouch, and eventually other brands, which could be acquired through strategic means, a Lighthouse Network spokesman said. Isaacman said in a press …
July, 2017
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31 July
WEX’s Fraud Spike Puts the Spotlight on EMV-Induced Skimmer Placements on Fuel Pumps
Fraudsters are hitting fuel pumps hard as they hunt for the dwindling number of places where they can take advantage of magnetic-stripe payments while EMV chip card acceptance takes hold in U.S. stores and restaurants. Last week, fleet-fueling payment card specialist WEX Inc. revealed that it increased its second-quarter provision …
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31 July
As Cross-Border E-Commerce Continues To Grow, Expect Payments To March in Step
Enabling cross-border payments for e-commerce transactions will take on greater importance if forecasts hold true. That means payments companies wanting to serve these merchants will have to adopt services that accommodate international payments. While U.S. and Canadian consumers will spend an estimated $72.7 billion on cross-border e-commerce in 2017, that …
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31 July
COMMENTARY: Rewards Programs and Millennials: A Marriage Built on Mobility
Millennials don’t care for or trust the traditional advertising tactics that have been a staple of the payments industry for eons—84% say they don’t like them at all. For consumer-facing brands, the implications of these findings are quite significant—particularly since cultivating and rewarding customer loyalty is a foundational marketing element. …
