Digital Transactions Authoritative, insightful and timely information for payments professionals
The subject of faster payments has been in the news almost continually for months now, but apparently awareness of the subject, and in some cases adoption, remains lower than expected among the financial institutions that will be depended on to implement speedier settlement. That’s if survey results released this week …
April, 2017
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7 April
Small Merchants See Value in Debit Acceptance, Less Concerned About Fees, Survey Says
A survey of 500 small merchants that accept debit cards finds that 66% of them are satisfied with the fees they pay, says the Electronic Payments Coalition, a bank and network advocacy organization. Javelin Strategy & Research completed the survey, which the EPC sponsored. The findings are part of the …
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7 April
Attorneys General Urge CFPB Retention and other Digital Transactions News briefs
• Attorneys general from 18 states and the District of Columbia sent a letter this week to Congressional leaders urging them to oppose three pending joint resolutions that would overturn the Consumer Financial Protection Bureau’s controversial prepaid account rule. Consumer groups generally favor the rule, but business interests and many Republicans …
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6 April
Not Quite 3 Years Old, Visa Checkout Reaches 20 Million Users, Adds Merchants
Visa Inc.’s Visa Checkout online payment service now claims more than 20 million enrolled accounts, the payments giant announced Thursday. The service, which launched in July 2014, also added new merchants, among them major retailers and service companies including Wal-Mart Stores Inc. and its Sam’s Club unit, Avis Budget, and …
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6 April
Ant Financial Issues Letter Citing Commitment to MoneyGram’s U.S. Growth
Yet another development has unfolded in the dueling bids for wire-transfer provider MoneyGram International Inc. As Ant Financial Services Group and Euronet Worldwide Inc. compete to acquire MoneyGram, Ant Financial on Thursday issued an open letter to MoneyGram that addresses Ant’s potential commitments to the money-transfer company. In addition to …
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6 April
Diebold Nixdorf Supports Windows 10 on ATMs and other Digital Transactions News briefs
• Diebold Nixdorf Inc. claims to be the first ATM manufacturer to support Microsoft Corp.’s Windows 10 operating system. Microsoft will end support of Windows 7, widely used in ATMs, in January 2020. The company also introduced Essence, an ATM user interface that includes a touchscreen, an encrypted touchscreen PIN pad, …
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5 April
E-Commerce, Partnerships Rank High on New Elavon CEO’s List of Priorities
Jamie Walker’s growth mission as the newly anointed chief executive at Elavon Inc., the acquiring arm of U.S. Bancorp, is squarely focused on e-commerce and furthering the company’s partnerships. That isn’t to set aside its other distribution channels, such as independent sales organizations or its direct-sales efforts, Walker tells Digital …
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5 April
Net Element Adds Russian Apple Pay Support and other Digital Transactions News briefs
• The Western Union Co. said it has integrated Apple Pay into its mobile app, allowing U.S. customers to use the mobile-payments service to fund money transfers to more than 200 countries and territories, including domestic bill payments. More than 60% of digital-money transfers on Western Union’s network are initiated on …
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5 April
Bill Would Fund Trump’s Border Wall With a 2% Tax on Remittances to 42 Jurisdictions
While President Donald J. Trump has promised to build a wall along the southern U.S. border to stop illegal immigrants and have Mexico pay for it, an Alabama Congressman’s bill would provide financial support from people in the U.S. sending funds to Mexico and 41 other countries or territories. And …
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4 April
In a Business That ‘Requires Scale,’ Avangate Swallows 2Checkout And Eyes More Deals
For a company looking to grow via acquisitions, the increasing complexity of the payments business can be an advantage. That’s what Atlanta-based Avangate Inc. is banking on. On Friday, the online processor for digital goods clinched a deal to acquire 18-year-old e-commerce gateway 2Checkout.com Inc., and its appetite is hardly …
