Digital Transactions Authoritative, insightful and timely information for payments professionals
• In a sign of further global expansion plans, merchant acquirer Square Inc. in June incorporated a business in the United Kingdom called Square Europe Ltd. and began testing its payment system in London, Reuters reported. Besides the U.S., Square already operates in Canada, Australia, and Japan. • Processor Total Merchant …
July, 2016
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19 July
Contactless Transit Payments Could Bloom Globally With Cubic’s TfL Licensing Deal
A little bit of London may find its way into the hands of U.S. transit riders. Cubic Transportation Systems, a unit of Cubic Corp., will license contactless ticketing technology developed by Transport for London, the U.K. capital’s transit agency, for use with similar agencies around the world. TfL’s technology enables transit …
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18 July
FIS Cardless Cash Service Coming to 70,000 Payment Alliance International ATMs
Look for cardless cash access at more ATMs in coming months. Fidelity National Information Services Inc. (FIS) and Payment Alliance International Inc. plan to bring the FIS Cardless Cash service to more than 70,000 PAI ATMs. The deal, announced Friday, will significantly expand the number of participating machines from the …
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18 July
Wal-Mart Canada Carries Out Its Threat To Ban Visa Card Acceptance in Ontario City
Wal-Mart Stores Inc.’s Canadian unit on Monday stopped accepting Visa cards at its three stores in Thunder Bay, Ontario, carrying out the threat the retailer issued last month in its dispute with Visa Inc. over card-acceptance costs. A spokesperson at Wal-Mart’s Canadian headquarters in Mississauga, Ontario, as well as a …
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18 July
First Data’s Clover Targets Sports Arenas and other Digital Transactions News briefs
• Citing “changes in the market and an increasing number of mobile payment and banking options available” from financial institutions, the telco-led Canadian mobile-payments service suretap is shutting down as of Aug. 26, according to its Web site. The move follows the January 2015 failure of a similar telco-controlled venture …
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18 July
Telcos Fade Even Further From the Mobile-Wallet Scene With the Collapse of Suretap
The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …
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15 July
Big Banks Report Rising Second-Quarter Debit and Credit Card Purchase Volumes
Payment card charge volumes and merchant-processing revenues rose at several of the nation’s biggest banks during the second quarter, according to company reports as the mid-year earnings season got underway this week. Minneapolis-based U.S. Bancorp reported Friday that its payments businesses produced 22%, or $328 million, of the company’s $1.52 …
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15 July
FIS Cardless Cash Coming to 70,000 ATMs and other Digital Transactions News briefs
• Fidelity National Information Services Inc. (FIS) announced it is supplying its FIS Cardless Cash ATM service to cash dispensers operated by Payment Alliance International. Ultimately, the service will include 70,000 ATMs in the PAI ATM network. • The United Kingdom’s Competition Appeal Tribunal ruled that Mastercard Inc. must pay approximately …
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14 July
Samsung Pay Users Have Higher Satisfaction Rates Than Apple Pay Users: Report
Samsung Pay, the mobile payment service launched by Samsung Electronics Co. Ltd. a year after Apple Inc.’s Apple Pay debuted, appears to be faring better with consumers despite Apple Pay’s higher adoption rate. In its most recent Mobile Pay Tracker, New York-based Auriemma Consulting Group, found that 92% of Samsung …
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14 July
Facing an Array of Wallet Rivals, MasterCard Launches a Revamped Masterpass Service
MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …
