Digital Transactions Authoritative, insightful and timely information for payments professionals
• President Donald Trump is poised Friday to order a review of the Dodd-Frank Act, which in addition to creating new bank regulations established the Consumer Financial Protection Bureau and the Durbin Amendment on debit interchange, The Washington Post reported.
• Some observers believe fear of President Donald Trump’s plan to finance his proposed Mexican border wall by possibly restricting remittances from Mexicans in the U.S. helped to drive money transfers to Mexico to a record $27 billion in 2016, Bloomberg reported.
• While Apple Pay transactions are growing, store penetration is low and frequency of use is falling, according to Infiniti Research. The mobile-payments service accounts for less than 0.8% of sales in physical stores, while consumers use it less often because they forget it’s an option, the firm reports.
• Google Inc. has ended a test of its so-called hands-free payments technology, which was conducted only in the South Bay area of San Francisco, but may bring some form of the technology to its Android Pay mobile-payment service, according to a report on Engadget.com.
• Payments-technology firm Bottomline Technologies has integrated Authentic, a transaction-processing platform from NCR Corp., into its Direct Faster Payments software, which allows financial institutions in the United Kingdom to link directly to that country’s faster-payments system.
• The price of Bitcoin breached the $1,000 level on Thursday for the first time in nearly a month.
• Mobile financial-services technology provider Mobetize Corp. entered into an agreement with Tata Communications (America) Inc., a division of India-based wholesale voice carrier Tata Communications Ltd., to help advance Tata’s mobile financial operations.
• Francoise Brougher, business lead for sales and marketing at merchant acquirer Square Inc., is resigning and will be replaced by Kevin Burke, Square’s chief marketing officer and a former Visa Inc. executive, Reuters reported. Brougher will remain with Square until May during the transition.
