Digital Transactions Authoritative, insightful and timely information for payments professionals
The overall value of the world’s most important digital currencies nose-dived over the weekend as developers and exchanges struggled with key questions related to transaction capacity, merchant acceptance, and other market dynamics. The 11 largest currencies by market capitalization lost 18% of their total value between midnight Friday and early …
July, 2017
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17 July
PayPal Enabled in Samsung Pay and other Digital Transactions News briefs
Samsung Electronics Co. Ltd. said users of its Samsung Pay mobile wallet will be able to add PayPal as a payment method, and PayPal Holdings Inc.’s Braintree unit will make Samsung Pay available to merchants via its Braintree Direct service. PayPal will be available within Samsung Pay for in-app, online, and in-store transactions. The …
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14 July
Vantiv’s E-Commerce Plans and other Digital Transactions News briefs
Merchant processor Vantiv Inc. said it is developing e-commerce payments and security extensions for the Magento 1 and Magento 2 platforms operated by Magento Commerce. Vantiv last week agreed to acquire U.K.-based processor Worldpay Group plc for $9.9 billion, in part to beef up its e-commerce business. Florida-based merchant-service provider Fattmerchant said its flat-rate pricing model …
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13 July
With Same-Day Debits Two Months Away, Experts Urge Measures to Control Expected Risk
As the nation’s automated clearing house network gears up to introduce same-day debits in September, observers are warning that faster processing is likely to open the door to more fraud unless businesses and financial institutions adopt new policies. Some caution the ACH network’s experience so far with same-day credits, which …
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13 July
Discover Links With Gulf Pay in Preferred Payment Campaign
Gulf Pay, the mobile payment app from Gulf Oil L.P., is offering consumers who link their Discover cards to the app a 15-cents per gallon discount through Oct. 15. The promotion, announced Thursday, is valid at participating stations in New England and New York. Gulf Oil announced Gulf Pay in …
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13 July
Payroc Adds Enhancements to Its Payment-Facilitator Program And Its Gateway
With the growth of payment-facilitator programs and integrated payments, merchant-service companies are expanding services to take advantage of the trends. The latest is Payroc LLC, which on Wednesday announced it has enhanced both its payments gateway and payment-facilitator program. Payfac programs, as they’re called, allow a merchant-service provider to aggregate …
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13 July
Flywire Notes Processing Volume and other Digital Transactions News briefs
Flywire Corp., a processor specializing in education payments and other cross-border transactions, said it notched “record results” over the past year in payments processed and students and institutions served. Among other results, the company said it added 300 schools, bringing its total to more than 1,300. REcoin, an emerging cryptocurrency intended …
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12 July
A Mobile Card Reader Forecast and other Digital Transactions News briefs
• Technavio, a London-based technology-research firm, forecasts the global market for mobile card readers will grow at a 54% compound annual rate between 2017 and 2021. • InterContinental Hotels Group, parent company of more than 5,000 hotels worldwide including Holiday Inn, says it is investigating claims of a possible credit card data breach at some …
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11 July
A Blockchain-Based Effort Emerges to Enlist Private Charging Stations for EV Cars
With more than half a million electric cars on the road, businesses are looking at ways to boost the network of charging stations across the country and make it easier to pay for the increasing flow of electricity. Now a partnership announced Tuesday plans to put blockchain to work on …
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11 July
Many Consumers Expect Advanced Biometrics in Payments’ Future: Survey
What’s the future of electronic payments? For many consumers, it’s one that incorporates biometrics for authentication and payments, finds a survey from Viewpost IP Holdings LLC, a business-to-business payments provider. In the survey of more than 1,000 U.S. consumers, Viewpost found that 50% believe fingerprint technology—already in use with many …
