Digital Transactions Authoritative, insightful and timely information for payments professionals
The PCI Security Standards Council has hired a former MasterCard Inc. executive as its new general manager to replace the retiring Bob Russo, and point-of-sale terminal maker Ingenico S.A.’s mobile-payment subsidiary Roam Data has a new leader. Russo, who became the PCI Council’s first general manager in March 2007,about six …
July, 2014
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10 July
How Bluetooth Beacons Are Central to GoPago And Slyde Mobile Payment And Offers App
Bluetooth low energy beacons will play a key role in a mobile payment and loyalty service being developed by SK Planet Inc. and DoubleBeam Inc. that promises easier mobile payments and offer redemption. The beacons connect Bluetooth low energy-compatible smart phones with DoubleBeam’s GoPago tablet-based point-of-sale system. Now in …
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9 July
Researcher Proclaims the ‘Tender Truth’ About the High Cost of Cash
Merchants like to gripe about the cost of payment card interchange and processing expenses, but relatively few have done a close analysis of what it really costs to accept the various tender types, according to an Aite Group LLC researcher. If they did, most would conclude that debit cards are …
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9 July
Offering a Vault And a Wallet, Bitcoin Venture Xapo Prepares Mid-July Debit Card Launch
Bitcoin vault provider Xapo Ltd. is days away from sending debit cards backed by the digital currency to consumers with registered Xapo Bitcoin accounts. The Palo Alto, Calif.-based startup, which is incorporated in Hong Kong, also raised $20 million in a recent investment round, bringing its total investment bounty …
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8 July
Deciding to Change the Isis Brand May Be the Easy Part Compared to Doing It
The decision by JVL Ventures LLC to rename its Isis mobile-payments company may have been the easy part. Actually scrapping the brand and replacing it with a new name and logo will be much more challenging, experts say. “It’s a huge rebranding exercise,” says Nick Holland, who follows mobile payments …
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8 July
It May Be Late to Faster-Funding Game, But PayPal Boasts Size And Experience Edge
Catching up with rivals, PayPal Inc. on Monday joined a growing list of e-payments providers that are speeding up settlement time for U.S. merchants. But instead of making faster payments generally available, the San Jose, Calif.-based eBay Inc. subsidiary is offering to cut funding time from up to four business …
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8 July
First Data Goes All in on U.S. Gambling Growth with the Full-Deck PayLucky Product Suite
With an eye to capturing a share of the potential $2.6 billion in U.S. online gambling revenue expected by 2017, payment processor First Data Corp. launched PayLucky, a suite of existing products for gambling and gaming providers, the company announced today. The suite, which includes the Clover point-of-sale system, prepaid …
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7 July
Cash Will Be the King of Washington State Pot Payments, at Least for a While
Like their brethren in Colorado, the new marijuana stores in the state of Washington will be operating mostly on a cash basis, but operators hope that the federal government eventually will remove obstacles preventing them from getting payment card merchant accounts and business checking accounts. On Monday, the Washington State …
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7 July
Reaching 70% Penetration, Smart Phones Cement Place As Rapidly Adopted Technology
Virtually non-existent seven years ago, the smart phone is steadily establishing its place as perhaps the most rapidly adopted consumer electronic device in U.S. history. Some 70% of U.S. mobile subscribers—or 169 million people—owned one by the end of May, up from 66% just since February, according to the latest …
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7 July
Draper Eyes Emerging Markets With Bitcoin Bounty
By Kevin Woodward Venture capitalist Timothy Draper wants to use the nearly 30,000 Bitcoins he won last week in an auction held by the U.S. Marshals Service to fund a Bitcoin trading platform targeting emerging markets, he said last week following the auction. He would not disclose the price of …