News

April, 2017

• 13 April

  In-Car Payments Pioneer Honda Broadens Its Focus Beyond Autos With a New R&D Unit

  

  In-car payments may be taking yet another step forward, along with related connected-car innovations. American Honda Motor Co. Inc. on Thursday said it is reorganizing its innovation arm, Honda Silicon Valley Lab, as a new company called Honda R&D Innovations Inc. The new entity has been created specifically to “expand …
• 13 April

  Vantiv To Offer Womply Data Services and other Digital Transactions News briefs

  • Merchant processor Vantiv Inc. announced it will work with data-science specialist Womply to offer Vantiv BizShield and Insights, a service for small and medium-sized merchants that offers real-time data, advanced analytics, online reputation management, and threat management. • Processor Global Payments Inc.’s Campus Solutions unit has introduced TouchNet OneCard VIP, which manages access to …
• 12 April

  Globally, the ‘Pays’ Ring up Eye-Popping Growth. But In the U.S., It’s a Different Story

  

  Mobile-wallet enthusiasts may have to look overseas for encouragement. A report released Tuesday indicates sizzling growth worldwide for the three major mobile-payments services—Android Pay, Apple Pay, and Samsung Pay—but researchers who follow the U.S. market say the trio are making little if any headway with consumers. The report from Juniper …
• 12 April

  Ant Financial Sets ‘The Record Straight’ About Its Fight With Euronet for MoneyGram

  

  China-based Ant Financial Services Group, which has a deal to buy MoneyGram International Inc. for $880 million, on Wednesday fired back at Euronet Worldwide Inc. as the two firms fight for the No. 2 U.S.-based wire-transfer provider. Euronet last month submitted an unsolicited $1 billion bid for MoneyGram and has …
• 12 April

  Global Payments Offers Canadian E-Commerce Platform and other Digital Transactions News briefs

  • Payments-technology provider VeriFone Systems Inc. said it created a 50-50 joint venture with Gas Station TV that will combine VeriFone’s Pump Media division with Gas Station TV; the venture will operate under the Gas Station TV brand and deliver 3.3 billion annual impressions through 18,000 locations in all 50 states by …
• 12 April

  OptBlue Acquirers Signed 1 Million Small Merchants for AmEx in 2016

  

  Bank card merchant acquirers participating in American Express Co.’s OptBlue program signed 1 million small businesses for AmEx acceptance last year, an AmEx executive tells Digital Transactions News. The push came as New York City-based AmEx drives toward chief executive Kenneth I. Chenault’s goal of having AmEx’s merchant base reach …
• 12 April

  With Interac’s Real-Time Network Volume Up 50% in 2016, More Services Are on the Way

  

  Interac, the Canadian debit network, says a record number of payments were made in 2016 using e-Transfer, its money-transfer service. Transactions totaled 158 million, up 50% from the 2015 total of 105 million. The total value of these transactions reached C$63 billion (US$47.3 billion) in 2016 with an average transaction …
• 11 April

  COMMENTARY: A Look at the Top 4 Security Trends for 2017 in the Payments Industry

  

  After years of card-data breaches and other bad news, four very encouraging trends are emerging that bode well for better security. Here’s a quick look at all four: Integrators are taking the QIR program seriously. When the PCI Security Standards Council and Visa Inc. initially released the Qualified Integrator and …
• 11 April

  USAT’s Sneaker Transactions and other Digital Transactions News briefs

  • Mastercard Inc. said it will move to close its acquisition of VocaLink Holdings Ltd.“within the next few weeks” now that the transaction has been cleared by the United Kingdom’s Competition and Markets Authority. • USA Technologies Inc. said it is providing its contactless ePort Connect payment device for entertainment kiosks from Sneaker …
• 10 April

  How the Growing Mobile-Ordering Phenomenon Is Creating Opportunities for Payment Firms

  

  Starbucks Corp. showcased it, and now more and more restaurants are adding mobile order-ahead and payment services in an effort to generate new business—and payments firms are only too happy to help them. “Restaurants and other retail merchants are realizing that mobile order ahead is a new sales channel with …