Digital Transactions Authoritative, insightful and timely information for payments professionals
In what appears to be the largest tablet-based point-of-sale deployment yet, the entire 700-store Smoothie King Franchises Inc. chain will convert to a system from San Francisco-based Revel Systems Inc. The Covington, La.-based chain, which sells blended drinks, snacks, and supplements, is replacing existing checkout registers with Apple iPads linked …
September, 2014
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23 September
Cobrin Steps Aside As AnywhereCommerce CEO to Focus on a New Cloud-Based Gateway
Mitch Cobrin, who has run AnywhereCommerce Inc. as chief executive for the last four-and-a-half years, has stepped aside for a new chief executive but will continue at the company in the role of founder, board member, and “chief catalyst,” he tells Digital Transactions News. The management change comes as the …
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22 September
More Small Businesses Use Mobile Devices for Payments, Raising Security Issues
More than a fifth of small and mid-sized businesses use mobile devices to accept payments, almost twice the rate of mobile acceptance two years ago, but all too few of those businesses are concerned about payment security, according to new findings from ControlScan Inc. According to the survey of 6,186 …
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19 September
COMMENTARY: Can Apple Pay Revive the Mobile Wallet?
In the wake of Apple Inc. announcing Apple Pay, many are wondering if it will serve as a catalyst in the revival of the mobile wallet, and if the migration of payments to the mobile form factor is now at a tipping point. The answers are “yes” and “no.” Apple …
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18 September
Most Smart Phones Expected To Be NFC and Mobile Wallet Enabled by 2015, Says Softcard Executive
By the end of 2015, most smart phones sold in the United States will have near-field communication (NFC) capability and be mobile-wallet ready, potentially creating a confluence of payments and commerce, says Matt de Ganon, senior vice president of product at mobile wallet provider Softcard. That prospect excites de …
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18 September
The Fed Will Leave Its Debit Card Interchange Cap Unchanged for Now
The Federal Reserve Board on Thursday said it would leave its debit card interchange cap for large issuers unchanged despite finding that some of their important expenses either declined last year or had changed little from levels found by an earlier survey. A major retailer trade group said the findings …
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18 September
With 56 Million Cards Compromised, Home Depot’s Data Breach Surpasses Target’s
Just when you thought retailer data breaches wouldn’t get much bigger, they did. Home-improvement retailer The Home Depot Inc. disclosed Thursday that the breach it confirmed Sept. 8 compromised 56 million payment cards between April and this month. That means Home Depot’s breach affected 40% more cards than the 40 …
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17 September
Huge Softcard Coup with Subway Poses No Threat to Startup Paydiant, Top Exec Says
The telco-controlled mobile-wallet provider Softcard scored a major coup on Tuesday with the announcement that the massive Subway sandwich chain will start accepting its wallet Oct. 1 at its more than 26,000 U.S. locations. When complete, it will be the largest restaurant deployment yet for payments via near-field communication (NFC) …
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16 September
PayPal Ad Campaign Stresses Strength in Mobile Security, But Will it BackFire?
PayPal Inc., the payments arm of eBay Inc., says it will process 1 billion mobile payments in 2014, and this experience means it knows something about mobile-payments security. That’s one message PayPal hopes comes across in a new ad campaign appearing in newspapers and online just days after Apple …
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15 September
Capital Prepaid Looks to Extend Prepaid Program Management to Scores of Small Issuers
The general-purpose prepaid card market is hot, but most smaller financial institutions find it a daunting task to start and run a prepaid program. To fill that gap, Capital Prepaid Services on Monday launched a prepaid Visa card with two small banks as part of a campaign to make prepaid …