Digital Transactions Authoritative, insightful and timely information for payments professionals
USA Technologies Inc. (USAT), a provider of electronic payments for vending machines and other unattended locations, said Monday that it is working with Ten M. Corp. to upgrade 1,000 of Ten M’s vending machines with USAT’s ePort Connectcashless payment technology. In addition to cash, the ePort devices will enable the machines to …
December, 2016
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12 December
Canada, Too, Looks To Make Its Payments System Faster And More Efficient
Payments Canada, operator of three major payment systems in that country, issued a five-point plan Thursday to put Canada on a path toward faster and more efficient electronic payments. The plan has many similarities with efforts by Canada’s southern neighbor to modernize payments, but also some differences, according to a …
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9 December
Wrapping Up a High-Growth Year, Revel Systems Digs Into POS Data To Offer Insights
Tablet point-of-sale terminal seller Revel Systems on Thursday unveiled its Insights by Revel service and noted a 137% growth rate in terminals for 2016. Insights by Revel enables Revel merchant to monitor business activities as they happen. “Owners and managers can oversee labor remotely, and even detect who worked overtime, …
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9 December
Boosted by Young Adults, U.S. Credit Card Usage Continues Its Comeback
Nearly two-thirds of U.S. adults now carry a general-purpose credit card, and credit cards are gaining popularity with young adults, according to new consumer survey findings from Mercator Advisory Group Inc. The Maynard, Mass.-based research and consulting firm reported this week that 63% of U.S. consumers have a major-brand credit …
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9 December
How Chatbots Are Starting to Mine Payments Potential for Banks, Issuers, And Chat Apps
It may be called artificial intelligence, but the potential this technology opens up for payments and banking is turning out to be very real. Earlier this week, yet another major messaging platform agreed to support chatbots that would let its users transfer funds, check their bank balances, and perform other …
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8 December
FIS Expands Its Innovation Strategy With the Launch of a Network of Fintech Companies
Fidelity National Information Services Inc. (FIS) has launched what it calls a network of early-stage financial-services technology startups that it says w The FIS HiPo Network, short for “high potential,” so far includes half a dozen fintech startups: Akouba, an online platform for the processing of small-business loans; Bleu, a …
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8 December
Chase Pay Taps Technology from LevelUp to Deliver an Order-Ahead Feature at QSRs
JPMorgan Chase & Co.’s Chase Pay mobile-payments service has added an order-ahead feature that relies on functionality developed by LevelUp, a Boston-based mobile-payments and mobile-loyalty company. The new feature is available today for Chase Pay users at quick-service restaurants in Boston and will be usable at QSRs nationwide in “coming …
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7 December
Survey Finds That Kicking Cash off the Bus Will Be Hard To Do
Despite years of efforts by transit agencies, payments companies and banks to get mass-transit riders to switch to cards or mobile tickets, most riders still prefer to pay fares with cash and regard cash as the most secure payment form, according to new survey results from payment technology provider ACI …
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6 December
Vantiv Teams With PPRO Group To Let Web Merchants Take Payments Globally
U.S. merchants processing with Vantiv Inc. that want to court international e-commerce customers now can offer these shoppers alternative payment methods unique to their locations. Vantiv announced on Tuesday it is working with PPRO Group, a London-based payments provider, to enable non-card payment methods, such as direct debit, bank transfers, cash-based electronic …
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6 December
Blackhawk Makes Apple Pay Integration and other Digital Transactions News briefs
• Cyber criminals can guess Visa card numbers and other information required for fraudulent online purchases in a matter of seconds, according to researchers. By distributing multiple guesses across many sites, the method avoids triggering automated guess limits at any single site, according to a paper in IEEE Security & Privacy, a …
