Digital Transactions Authoritative, insightful and timely information for payments professionals
By Scott Dowty, Chief Revenue Officer at Apriva, LLC Merchants today need to connect with their prospects and customers across multiple channels to survive and thrive. This “omnichannel” strategy requires meeting the customer in store, online, with mobile, with self-service and vending, perhaps even with mail order/telephone order options. And …
April, 2018
October, 2017
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17 October
Phillips 66’s ACH Payment Service and other Digital Transactions News briefs from 10/17/17
Fuel-payments specialist P97 Networks and Buy It Mobility Networks, an automated clearing house-based payment and consumer-engagement provider, said they will provide ACH-based payment and related services to Phillips 66, Conoco, and 76-branded fuel stations. In 2016, P97 said it was working with Chase Pay on a payments service for Phillips …
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17 October
Making the Move from Vendor to Payment Partner
By Caesar Kavadoy, VP of Sales Strategy, Paysafe A majority of payments companies focus solely on pricing and leave it up to the customers to figure out the rest. It’s time to make a change. Sales teams need to take a consultative, solutions-oriented sales approach to the business. If they don’t …
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3 October
Time for US banks to embrace real-time payments
By moving to real-time payments, US banks will enhance their service as well as generate cost efficiencies and higher revenues, writes Darryl Proctor When the subject of US banking comes up, Wall Street, innovative multi-billion-dollar deals, and cutting-edge technology might come to mind. The reality, however, is a bit different. …
September, 2017
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12 September
Can Venmo Start Earning Revenue for PayPal With a Plastic Visa Debit Card?
PayPal Holdings Inc.’s Venmo peer-to-peer payment service has been a fabulously popular product among users, but from PayPal’s point of view it has one big problem: It’s free. Since users don’t pay for the service, PayPal has to seek Venmo revenue elsewhere. Now, with a test about to start for …
July, 2017
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21 July
Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. Square Inc. announced that Randy Garutti, chief executive of the …
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21 July
A Goal of Faster Payments by 2020 Highlights Fed-Sponsored Report Expected Friday
The Federal Reserve on Friday is releasing a report that calls for all American consumers and businesses to have, by 2020, the ability to receive faster payments. The ambitious goal is included in the final report of the Faster Payments Task Force, a Fed-sponsored group of more than 300 industry …
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13 July
Discover Links With Gulf Pay in Preferred Payment Campaign
Gulf Pay, the mobile payment app from Gulf Oil L.P., is offering consumers who link their Discover cards to the app a 15-cents per gallon discount through Oct. 15. The promotion, announced Thursday, is valid at participating stations in New England and New York. Gulf Oil announced Gulf Pay in …
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10 July
USA Technologies Plans Stock Offering of Nearly $40 Million To Fund Growth Initiatives
Unattended payments services provider USA Technologies Inc. announced late Friday that it plans to sell $34.5 million in stock to finance growth initiatives, including possible acquisitions and international expansion. Malvern, Pa.-based USAT filed a registration statement with the Securities and Exchange Commission giving details about the proposed sale, for which …
June, 2017
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1 June
What To Watch in Payments
What are the ingredients of payments modernization in the United States? I suggest there are three: 1. Faster Payments The race to create a U.S. faster-payments system has begun. What’s not clear is what it will look like at the finish line. The variety of systems being either launched or …
