Digital Transactions Authoritative, insightful and timely information for payments professionals
• 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 …
July, 2017
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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 …
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11 July
FitPay Adding MasterCard Funding Capability and other Digital Transactions News briefs
Payments provider North American Bancard Holdings LLC said it completed its acquisition of Total Merchant Services Inc. The combined company now processes nearly $50 billion in payments annually. FitPay Inc., a provider of payment-authentication technology, said it will offer prepaid capability on contactless-enabled wearable devices through a FitPay prepaid Mastercard. The program will allow …
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10 July
With Breaches, Companies Find They Have Met the Enemy, And He Is Us
When fraudsters launch a cyber attack, they may not be their target’s worst enemy. Equally troublesome could be the business’s own staff, according to results of a survey of 5,000 companies around the world released Monday by Kaspersky Lab, a Moscow-based global cybersecurity firm. It turns out employees not only …
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10 July
3dcart Adding Payments Options and other Digital Transactions News briefs
Online-payments provider Stripe Inc. now allows merchants on its platform to accept payments from Chinese consumers through links to the China-based Alipay and WeChat Pay systems, Reuters reported. At a valuation of $9.2 billion, 7-year-old Stripe is the most valuable privately held payments startup. Alibaba Group, the China-based online marketplace, has launched the Taobao Group …
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7 July
New Fintech Technology So Far Has Failed To Crush Cash, International Survey Finds
Israelis are much more likely to use mobile-banking apps and mobile wallets than Americans, but at least Americans are less inclined to use cash than Germans, according to a recent international survey of consumer usage of financial technology. The May survey of 5,860 adults in the United States, United Kingdom, …
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7 July
Sabre Breach Update and other Digital Transactions News briefs
USA Technologies Inc., a provider of contactless-payment devices for vending machines, announced an expanded agreement with JPMorgan Chase & Co. to market cashless-payment capability in self-serve markets. Fast-casual restaurant chain Panera Bread Co. gets more than a quarter of its orders through digital order-ahead transactions, and that excludes digital orders that are paid …
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6 July
Backed by NACHA, a New Payments Group Works Toward Standardized APIs
There’s nothing new about application programming interfaces. The code has been around for years, streamlining payments flows between otherwise unrelated apps. Recently, APIs have made possible the seamless integrations that mobile-payments users now take for granted. But now a group of payments executives are starting to worry that proprietary API …
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6 July
Publicly Held Payments Companies Rewarded Investors in 2017’s First Half
The stock market has had a pretty good run so far this year, but shares of publicly traded payments firms are doing even better than the overall market. A group of thirty payment-related stocks tracked by Chicago-based Barrington Research Associates Inc. posted a mean return of 23.86% for the first …
