Digital Transactions Authoritative, insightful and timely information for payments professionals
Point-of-sale payments technology provider Clover, which is owned by Fiserv Inc., added JazzHR, a recruiting app, to its Clover App Market, which is aimed at small businesses.Splitit Payments Ltd., a global provider of point-of-sale installment payments, announced it reached $3 million in merchant sales over the four-day stretch from Black Friday through …
December, 2019
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13 December
Virtual Fare Card Test Coming to Washington, D.C. and other Digital Transactions News briefs from 12/13/19
The Washington Metropolitan Area Transit Authority, which serves the area in and around the nation’s capital, plans next year to start allowing users of Apple Inc. devices to pay at fare gates with their iPhones and Watches using a virtual version of the agency’s SmarTrip card, according to The Washington Post. Android …
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9 December
Canadians Embrace Contactless Payments, but They’re Still Wary of Using Mobile Devices
Like their American cousins, Canadians are rapidly adopting newer payment methods. In fact, they’re doing so even faster than U.S. consumers in some respects. The report, “Canadian Payment Methods and Trends: 2019,” released last week by Payments Canada, says contactless payments grew 30% year-over-year in 2018. Card- and mobile-based contactless …
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9 December
Super Processor Picks TAS USA and other Digital Transactions News briefs from 12/9/19
Payments provider Super Processor selected a payments platform from TAS USA Inc. to manage merchant onboarding, merchant accounts, and transaction processing for both in-store and e-commerce transactions.Hudson Executive Capital LP, an investment firm that has been embroiled in a fight for control of vending-machine payments technology provider USA Technologies Inc., filed a proxy …
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6 December
Pineapple Payments Acquires a Paystri Merchant Portfolio and other Digital Transactions News briefs from 12/6/19
Payments provider Pineapple Payments said it has acquired a merchant portfolio from Paystri, an integrated-payments technology provider, and entered into a partnership with the firm. The size of the acquisition was not disclosed.Global e-commerce sales volume on Cyber Monday grew 21.5% in terms of value over Cyber Monday in 2018, outpacing sales …
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5 December
Divergent Online Security Needs Warrant a New Version of PKI
A new set of security protocols to better safeguard online connections within the financial-services industry is in the offing. Securing and trusting these connections is a critical piece of the payments infrastructure. Experts say the underlying standards they are built on—called public key infrastructure—need updating. That’s why the Accredited Standards …
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5 December
Visa Debuts Dispute-Certification Program and other Digital Transactions News briefs from 12/5/19
Visa Inc. announced plans to launch a new certification program and fund up to 500 scholarships to train individuals as dispute-resolution professionals, a role Visa says is in high demand across the payments industry. The program will include multiple days of training and several professional-level certification exams.Field-service management and communications provider …
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4 December
Security Standard Released for Contactless Payments on Off-the-Shelf Mobile Devices
A new standard unveiled Wednesday by the PCI Security Standards Council could pave the way for more acceptance of contactless payments with no more hardware needed than a merchant’s off-the-shelf mobile phone or tablet. The standard is dubbed Contactless Payments on COTS (commercial off-the shelf devices), or CPoC. It spells …
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4 December
X9 To Reboot PKI and other Digital Transactions News briefs from 12/4/19
The Accredited Standards Committee X9 Inc., which sets standards for financial services, said it has restarted its X9F5 working group, the committee that developed the original standards underpinning public key infrastructure (PKI). The new group will work on new PKI standards that will address needs in the financial-services industry apart from …
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3 December
As Processor Valuations Soar, Shift4 Files for an IPO
Shift4 Payments Inc., one of the nation’s biggest independent sales organizations, announced on Tuesday that it has filed a draft registration statement with the U.S. Securities and Exchange Commission for what it calls a “proposed” public offering. A Shift4 spokesman did not immediately return a call from Digital Transactions News …
