Digital Transactions Authoritative, insightful and timely information for payments professionals
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 …
April, 2017
-
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 …
-
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 …
-
10 April
Offering a Smorgasbord of Lenders, Vyze Looks to Push up Point-of-Sale Credit Approvals
Payments providers have long recognized how extending credit can create consumer transactions where none would otherwise have occurred, but lately the idea of instant credit is gaining momentum. Companies like Klarna and Affirm have made a splash with on-the-spot credit for online purchases. Now, Austin, Texas-based Vyze Inc. is out to …
-
10 April
Visa Adds Details to Commercial Card Activity and other Digital Transactions News briefs
• Merchant processor CardConnect Corp. is paying $39 million for its previously announced acquisition of MertzCo Inc. consisting of $12 million in cash and 1.98 million shares of CardConnect stock valued at $27 million, according to a Securities and Exchange Commission filing from CardConnect. • Visa Inc. has begun allowing issuers of Visa-branded commercial cards …
-
10 April
Credit Cards Find Increased Favor for Low-Value Purchases, a Survey Reveals
Electronic-payments industry efforts to promote card use may be paying off. Significantly more consumers are using credit cards for low-value purchases of $5 or less than they did in 2016. A CreditCards.com survey released Monday found that 17% of consumers typically used their credit cards for these in-store transactions compared …
