Digital Transactions Authoritative, insightful and timely information for payments professionals
In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report released …
January, 2017
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24 January
NCR Silver Gets an Update That Reduces Needed Taps And Eschews the Home Page
By Kevin Woodward@DTPaymentNews NCR Corp. on Tuesday unveiled a redesigned app for its NCR Silver iPad-based point-of-sale system that eliminates 33 taps from the transaction process and skips the home page in favor of a fly-out menu.
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24 January
Remote Deposit Capture Provider Cachet Financial Solutions Seeks Equity and a New Name
Cachet Financial Solutions Inc., a small tech company best known for providing remote deposit capture services to banks and credit unions, is trying to raise nearly $14 million in new equity to shore up its finances while pivoting toward prepaid cards and facing a legal deadline to rebrand. In a …
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24 January
Most Pay Bills Online and other Digital Transactions News briefs
• Fifty-six percent of all bills in the U.S. are paid online at a biller, bank, or third-party site, according to data from ACI Worldwide and Aite Group. Of these, 72% are now paid at biller sites. • Digital-payments company Proxama PLC has agreed to provide payments services to clients of payment …
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23 January
Report: Internet of Things Could Present an ‘Unmanageable Cybersecurity Risk’
Like other technology forecasters, Juniper Research in a new report predicts the Internet of Things is poised for explosive growth. But the IoT also represents “an unmanageable cybersecurity risk” unless its developers take preventative action, Juniper says. In its report, “Internet of Things for Security Providers: Opportunities, Strategies, & Market …
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23 January
DiningData Marks $1 Billion in Processing Volume and other Digital Transactions News briefs
• Processing-software vendor Womply has launched an analytics tool called Retention Intelligence to help acquirers identify merchants likely to leave the portfolio. • A 2-year-old startup called diningData, which processes payments and analyzes data for restaurants, announced it is now handling $1 billion in annual volume. The company is a division of Hadfield …
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23 January
Eye on Travel: Host Card Emulation for Ticketing, And a Mobile Wallet Guide for Airlines
Travel providers have new options for accommodating how consumers use their smart phones to pay for travel. Ticketing-software vendor Rambus Ecebs has introduced a set of products for mobile ticketing that rely on host card emulation to load smart cards into smart phones. Host card emulation enables download of payment credentials via …
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20 January
AmEx Steps on the Marketing Gas Pedal To Help Fill Costco Void
Fourth-quarter profits and U.S. charge volume declined while marketing expenses increased for American Express Co. as the company continued to dig its way out of the hole left last year by the termination of its U.S. cobranding and acceptance pact with Costco Wholesale Corp. New York City-based AmEx reported Thursday …
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20 January
Dwolla Lines Up $6.8 Million in Funding and other Digital Transactions News briefs
• Payments provider Dwolla Inc. announced a $6.85 million round of funding led by Union Square Ventures and Foundry Group. The funds will be used to expand sales and account-management operations at the company’s Des Moines, Iowa office. Dwolla also said it is moving its white-label products into a new collection of application …
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20 January
How Dwolla Turned Away from Consumer-Facing Payments to White-Label APIs
It’s taken about a year, but Dwolla Inc. has now executed a strategic shift away from handling online and mobile transactions directly for consumers who want to pay merchants and each other. Instead, the 8-year-old, Des Moines, Iowa-based company now focuses on selling programming to clients that want to process …
