Digital Transactions Authoritative, insightful and timely information for payments professionals
By: John Newton, Vice President of Sales, Strategic Partner Channel, First American Mega mergers have created enormous financial technology companies with scope and reach that far exceed the needs of a traditional ISO channel. As a result, ISOs are now just one of many drivers of new merchant acquisition and …
September, 2019
August, 2019
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15 August
Square Expands Its Software Platform Beyond Payments With a New Ordering System
Less than a month after getting into the product-photography business, Square Inc. on Thursday said it was opening its software platform beyond payments so that outside developers can create systems for merchants to handle orders. In a post on its developer blog, San Francisco-based Square noted that over the past …
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2 August
A Talk with Paysafe
The following is an interview conducted by Bob Jenisch Publisher of Digital Transactions with Denise Tahali of Paysafe. While Paysafe has roots dating over 20 years, particularly in Canada and Europe, can you describe Paysafe’s strategy in the U.S.? Over the past five years, we have significantly expanded our footprint …
July, 2019
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24 July
P2P Sizzles for PayPal, Though a Snarled Integration Delays Its Entry Into Bill Pay
PayPal Holdings Inc.’s payments juggernaut shows no signs of weakening, but the company has found its latest product integrations bedeviled by slowdowns, forcing it to postpone some expected revenue. One such integration with bill-payment specialist Paymentus Corp. is a crucial one because it will allow PayPal to enter an enormous, …
June, 2019
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6 June
Discover CFO Retiring and other Digital Transactions News briefs from 6/6/19
Discover Financial Services chief financial officer R. Mark Graf will retire in early 2020, Discover announced. Graf joined Discover in 2011. The company has hired an executive-search team to find his successor. American Express Co. enhanced the rewards package on its Gold Card; cardholders will now get 4-times Membership Rewards …
March, 2019
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25 March
COMMENTARY: As Banks Adopt Real-Time Payments, Disconnects Can Trip Them up
By Debra Campbell and Steve Fortson As the banking industry moves toward real-time payments, there are some practical technology considerations that are too often being overlooked, most notably, a growth of fragmented and unstructured connections between the legacy mainframe and the service-oriented architecture (SOA) platforms. Unfortunately, what we are seeing …
January, 2019
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11 January
Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19
Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …
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10 January
TSYS Revives Its Vital Brand as the Name for Its New POS Product Suite
Payment processor Total System Services Inc. (TSYS) on Thursday unveiled a line of point-of-sale terminals and services for small and mid-size businesses, and took its Vital brand out of a 13-year retirement as the name for the new product suite. The cloud-based Vital POS has three major components: Vital Mobile, an …
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8 January
In-Store App Use Popular and other Digital Transactions News briefs from 1/8/19
Fifty-seven percent of consumers use a retailer’s mobile app while shopping in-store, finds the “Surviving the Retail Apocalypse” report from Yes Marketing. The survey of more than 1,000 consumers also found that many—65%—use the app to redeem coupons.Point-of-sale software provider Focus POS said its restaurant POS system is now available as a …
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7 January
Phillips 66 Links With Honda in a Push for Dashboard Commerce
Phillips 66 Co., which has long been a leading player among petroleum companies in digital payments, has taken a step into in-car commerce in a tie-up with Honda Motor Co. Inc. that will allow customers to find the nearest station, claim a pump, and pay for gas from the infotainment …
