Digital Transactions Authoritative, insightful and timely information for payments professionals
Green Dot Corp. shareholders re-elected chairman and chief executive Steven W. Streit to the company’s board of directors Monday after a proxy fight, but they also elected two nominees from dissident shareholder Harvest Capital Strategies LLC, which has called for Streit’s ouster. Harvest Capital, which says that Streit is not …
May, 2016
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20 May
Chase Pay On Track; Amazon And Google Talk Technology
JPMorgan Chase & Co.’s Chase Pay mobile-payment service, announced in October, is on track for tests this summer with greater availability in the fourth quarter, according to Kim Fitzsimmons, head of global e-commerce and large omnichannel solutions at Chase Commerce Solutions. Fitzsimmons, who spoke Monday during a panel discussion at …
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20 May
The EFT Networks Broaden Their Offerings in The Fight for Debit Market Share
Once known exclusively for enabling PIN-based debit card transactions at ATMs and then at the point of sale, the electronic funds transfer networks are broadening their payment options for merchants as they compete with global networks Visa Inc. and MasterCard Inc. for debit transactions. For example, payment processor First Data …
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20 May
Heartland Debuts Restaurant Data Service and other Digital Transactions News briefs
• Merchant processor Heartland Payment Systems introduced Heartland Insights, a data and analytics service for restaurants that relies on the company’s point-of-sale and e-commerce solutions. Heartland recently became part of rival processor Global Payments Inc. • Canadian payments provider Beanstream expanded its service to U.S. merchants and integrated partners with …
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19 May
A Processing Glitch Hits Green Dot Just Days Before Contested Shareholder Meeting
Holders of the Walmart MoneyCard issued by Green Dot Corp.’s bank subsidiary have resorted to social media in the past few days to complain of not being able to check account balances or use their cards to make purchases and withdraw money from ATMs. The extent of the glitch is …
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19 May
Android Pay Cardless ATM Transactions Coming to BofA; PayPal Sets Big Goals
Cardless ATM technology that enables consumers to make cash withdrawals is now available via Android Pay at select Bank of America Corp. locations, the banking giant announced Wednesday at Google’s annual IO conference. BofA says the service has initially been available at some ATMs in Boston, Charlotte, N.C., New York …
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19 May
While Funding Cools for Payments Generally, Bitcoin And Blockchain Reap a Rich Harvest
Venture funding for payments companies may have slowed dramatically in recent months, but that’s not the case across the board. Bitcoin and blockchain startups in particular uncorked a geyser of cash in the first quarter, with dollars invested totaling $173 million on 39 deals, according to data released this week …
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19 May
Plastc Adds NFC Capability and other Digital Transactions News briefs
• Total System Services Inc. (TSYS) said it is integrating a machine-learning engine from Featurespace that will allow the processor to generate real-time decisions on individual consumers. TSYS says the speedier fraud-control processing will help prepare its clients for the arrival of real-time payments. • Plastc Inc., which markets a …
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18 May
Samsung Pay Now Supports Loyalty Cards and other Digital Transactions News briefs
• Fitness-band vendor Fitbit Inc. has acquired the wearable-payments assets of Coin in a deal that closed May 12 and includes relevant personnel and intellectual property. Terms were not disclosed. Coin, which was part of a wearable-payments initiative announced earlier this year by MasterCard Inc., is best-known for a device that …
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18 May
More Amazon In-App, In-Stores Initiatives Planned, Payments Boss Gauthier Says
Members of Amazon.com Inc.’s Prime membership service are enthusiastic users of the e-retail giant’s payments service, which it makes available to other merchants. In fact, some 50% of Amazon Pay’s users belong to Prime, according to Amazon Pay vice president Patrick Gauthier, who spoke with Digital Transactions News Tuesday at …