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News

November, 2014

  • 4 November

    First Data’s Clover Adds Mobile Functionality to Hit the Aisles

    First Data Corp.’s Clover point-of-sale system now is available in a mobile version that enables merchants to roam their store aisles with the device. Dubbed Clover Mobile, the service can be paired with the stationary Clover Station or used as a standalone service, First Data says. Like Clover Station, Clover …

  • 4 November

    Verifone Expands the Availability of Point Payment Service

    The newly rebranded Verifone Inc. this week made several product announcements. As the payments industry pays more attention to data security, Verifone this week said it is making its secure payment service Verifone Point available to all of the terminal maker’s direct customers and U.S. merchant acquirers and independent software …

  • 4 November

    AmEx’s Chenault Touts Role of Digital Initiatives in Widening T&E Giant’s Customer Base

    A confident Kenneth I. Chenault appeared before 7,000 payments and financial-services executives on Tuesday to talk about what he touted as American Express Co.’s recent record of success in digital payments. While he runs a 164-year-old company with roots in plastic cards and travelers’ checks, Chenault conceded nothing to his …

  • 3 November

    MoneyGram Debuts New Platform With Alternative Financial Services In Mind

      Money-transfer provider MoneyGram International Inc. has launched MGiAlloy, a technology platform to enable greater use of alternative financial services. MGiAlloy, which can be used on kiosks, online, on mobile device or at points-of-sale, enables consumers to transfer money, pay bills, cash checks, reload prepaid cards and other services. Dallas-based MoneyGram …

  • 3 November

    CPI, Sequent Pair Up on NFC Provisioning Service for Banks

      CPI Card Group is working with digital issuance and wallet platform provider Sequent Software Inc. on CPIMobile, a service to deliver secure digital credentials to near-field communication (NFC)-compatible smart phones. CPI announced Monday. NFC is a two-way protocol that enables mobile devices to share data in a secure environment. CPIMobile …

  • 3 November

    Online Lending Platforms Ramp up to Fill Small-Merchant Void Left by Banks

    With financial institutions lending less to small businesses, new, technology-based companies are moving into merchant lending to fill the void. This is a market typically served by so-called merchant cash-advance firms, companies that lend money in the form of advances against a merchant’s expected credit card volume. In many cases, …

  • 2 November

    FBI and DoJ Officials Offer Advice on How Digital-Currency Firms Can Stay Out of Legal Trouble

    Payments entrepreneurs and veterans alike view Bitcoin and other so-called cryptocurrencies as the new land of opportunity, but with the territory comes a considerable amount of legal risk. Federal authorities busted the Liberty Reserve and Silk Road ventures, the latter because it attempted to hide illegal activity by requiring customers …

  • 2 November

    New York State’s Financial Boss Offers Break for Startups as New York Develops Its “Bitlicense”

    In an effort to prevent money laundering, New York State’s top financial regulator made history last year when he proposed that virtual-currency providers obtain a so-called “Bitlicense” to ensure that they have proper controls in place to protect consumers’ money. Now Benjamin M. Lawsky, superintendent of the New York Department …

October, 2014

Digital Transactions