Digital Transactions Authoritative, insightful and timely information for payments professionals
Some 57% of large companies are either seriously studying or in the process of deploying blockchain technology, according to a Juniper Research survey of nearly 400 company executives. Most-often-cited uses include settlement, land registry, and digital fiat currency. The study cautions, though, that some companies may be underestimating both the challenges of …
July, 2017
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28 July
Small Merchants Gain in Card-Based Sales, Though State And City Make a Big Difference
Month by month, U.S. merchants are steadily switching on EMV capability to accept chip cards, but often overlooked is how more small merchants are simply adding credit and debit card payments, whether chip-based or not. As a result, card payment volume at small merchants has risen almost 7% over the …
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28 July
Eye on P2P: Link-Up Opportunities With Prepaid Cards; PayPal’s Dominance
Two recent studies have produced some interesting insights about person-to-person payments. One spells out the similarities among users of prepaid cards and P2P services. The other shows just how strong PayPal Holdings Inc.’s hold in money transfers and P2P and other payments is. The findings about prepaid and P2P come …
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27 July
Eye on Networks: Mastercard’s Transactions Increase 17%; Pulse’s Pulse Quickens
Mastercard Inc. reported Thursday that its switched transaction volume grew 17% in the second quarter. Meanwhile, Discover Financial Services’ Pulse debit network saw volume jump 15% after growing slightly in the first quarter following a long period of decline. Purchase, N.Y.-based Mastercard said its transaction count hit 16 billion versus …
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27 July
Apriva Notes Software Integration and other Digital Transactions News briefs
PayPal Holdings Inc. and Bank of America Corp. announced an agreement whereby PayPal will tokenize BofA cards for in-store transactions based on the PayPal wallet. The in-store payments will work with a PayPal service using near-field communication that PayPal says is coming, without adding details. Discover Financial Services said in its second quarter earnings …
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27 July
PayPal Logs a Strong Quarter As Multiple Partnership Deals Start To Kick in
PayPal Holdings Inc. has changed in ways large and small since Dan Schulman took over as chief executive two years ago, but perhaps its biggest change is its willingness to embrace collaboration with financial institutions, payment networks, and others once seen as keen rivals. At least some vindication of that …
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26 July
Are Subdermal NFC Payments Over the ‘Internet of Us’ the Next Big Thing?
A Wisconsin supplier of kiosks for employee break rooms is getting national attention in the wake of its announcement that it plans to implant radio-frequency identification microchips in the hands of volunteer employees Aug. 1, chips the company says will support payments. Three Square Market, based in River Falls in …
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26 July
So You Want To Be a Payfac? There Are More Every Year, Despite Widespread Confusion
The number of payment facilitators is growing rapidly, with technology platforms and independent software vendors alike increasingly taking on the role. Yet confusion remains about just how a payment facilitator—or payfac, in industry parlance—differs from a conventional merchant acquirer or even from a marketplace. That confusion clouds the responsibilities payfacs …
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26 July
USA Technologies Raises $43.1 Million and other Digital Transactions News briefs
Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …
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25 July
Online Fraud Detection And Prevention Bill Will Hit $9.3 Billion by 2022, Says Juniper
With a rapidly expanding e-commerce market, online fraud-detection and -prevention efforts are poised to grow over the next few years. Merchants are expected to spend $9.3 billion annually on these efforts by 2022, says Juniper Research. That’s a 22% increase from the 2017 spending total, though it pales in comparison …
