Sunday , December 22, 2024

News

September, 2013

  • 19 September

    Chirpify’s New Service Extends Hashtags Beyond Social Media for Payments

    Social-media payments specialist Chirpify on Thursday introduced a service that lets marketers promote hashtags on a wide variety of media to solicit purchases. The so-called action tags can appear on TV or radio commercials, in print advertising, or on billboards and then be used on Twitter, Facebook, or Instagram, the …

  • 19 September

    As Biometrics Picks up Steam, Jumio Adds Facial Recognition to ID Verification

    With static passwords losing more and more effectiveness  as an authentication method, biometric identification is regaining momentum after years on the sidelines. A recent major example of this resurgence is Apple Inc.’s introduction this month of its new iPhone 5S, which features a fingerprint sensor to unlock the device. The …

  • 17 September

    New Google Wallet Plays Up Loyalty And P2P Payments, Downplays NFC

    Google Inc. on Tuesday unveiled a new mobile app for its Google Wallet that emphasizes the wallet’s loyalty and person-to-person payments features that in the past had taken a back seat to its point-of-sale payment capability based on near-field communication (NFC) technology. The app is now available to all smart …

  • 16 September

    Revel Systems Launches Tablet POS for Concession Sales at Sports Stadiums

    Tablet computers, which have invaded restaurants and retail stores since the introduction of Apple Inc.’s iPad three years ago, have now begun to see action at sports stadiums. Alabama State University’s newly built stadium on Aug. 31 became the first such arena to use the iPad for concession sales, according …

  • 13 September

    Report: Acquiring Will Boast Robust Growth, But ISOs Must Change Tactics to Cash in

    By John Stewart n The good news for merchant processors is that the U.S. acquiring market will turn in a robust performance over the next five years, growing at an average annual rate of 10.5%. The bad news, at least for acquirers that remain wedded to conventional terminals and conventional …

  • 11 September

    Xoom Raises Extra Cash And Pleases Wall Street With a Post-IPO Stock Sale

    Investors may be disappointed with Apple Inc. in the wake of that tech giant’s introduction of two new iPhone models, but they’re plenty happy with digital wire-transfer company Xoom Corp. San Francisco-based Xoom on Tuesday raised $85.6 million in a new stock offering, about $20 million more than it expected …

  • 10 September

    New Funding Round Recognizes Paydiant’s Strategy to Stand Apart in Crowded Wallet Field

    It may well be the mobile-payments app provider you never heard of, but Paydiant Inc. is winning deals with major banks, processors, and merchants, and on Tuesday it secured $15 million in a Series C round of funding. The financing brings to almost $35 million the cash injections the Wellesley, …

  • 10 September

    Hearing Will Be a Milestone in Interchange Litigation, But Maybe Not the End

      Eight years from their genesis, the lawsuits challenging bank card interchange now collectively known as MDL 1720 are scheduled to reach a milestone Thursday when U.S. District Judge John Gleeson convenes a so-called fairness hearing in his Brooklyn, N.Y., courtroom. The hearing’s purpose is for Gleeson to determine whether …

  • 9 September

    The IRS Delays for a Year Withholding on Card Volume Arising From Data Discrepancies

    The Internal Revenue Service is delaying for a year its planned withholding requirement for payment-card-accepting merchants whose names and taxpayer identification numbers (TINs) supplied by their merchant processor do not match the corresponding information the IRS has on file, the Electronic Transactions Association reported to its membership today. The delay …

  • 5 September

    VeriFone Launches a Tablet POS Platform for ISOs It Sees Getting Squeezed by Tech Vendors

    By John Stewart n Independent sales organizations are starting to feel squeezed by technology companies selling tablet-based point-of-sale solutions to merchants, according to terminal kingpin VeriFone Systems Inc. So VeriFone on Wednesday rolled out a tablet-based platform for its resellers that they can price and market to their merchants. n …

Digital Transactions