In a reversal of its past practice, PayPal Holdings Inc. began two years ago working with competitive and semi-competitive partners, and on Thursday it added the last major U.S. card network to that list by announcing a tie-up with American Express Co. PayPal executives also disclosed the company’s performance numbers …
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Apptizer Launches Order Eat Pay Service and other Digital Transactions News briefs from 10/17/18
Prepaid card program manager Netspend Corp. and its business partners were scrambling Wednesday morning to clear up an apparent glitch preventing some users of a prepaid product for payroll from accessing their paychecks. Issuing partner MetaBank released a statement to news media indicating it is working to clear up the …
Read More »Tru Shop-by-Payment Launches and other Digital Transactions News briefs from 10/16/18
Payments-networking provider Transaction Network Services has agreed to acquire Advam, an Australian provider of unattended and e-commerce payments processing. Terms were not disclosed. E-commerce technology provider tru Payments LLC launched tru Shop-by-Payment, a cloud-based service that lets consumers shop for a new car and auto financing at the same time. Bill-payment specialist …
Read More »BitPay Adds Cryptocurrency Settlement Options and other Digital Transactions News briefs from 10/15/18
American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …
Read More »A Real-Time Bill-Payment Service From Mastercard Could Lure Biller-Direct Fans
After years of planning and deliberation, the payments industry is starting to announce services based on real-time processing. One of the first is Mastercard Inc., which on Wednesday unveiled a system that will allow consumers to view bills and then transfer funds to the billers within seconds. Experts see an …
Read More »M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18
Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …
Read More »Apple Pay Outranks Other Mobile Wallets Among Debit Card Users
Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the …
Read More »TCH Looks to Connect Thousands of Banks for Real-Time Payments Within the Next Few Months
While the Federal Reserve Board mulls an entry into the business of real-time payments, a major competitor is already racking up impressive gains among U.S. financial institutions. The Clearing House Payments Co. L.L.C., the New York City-based company that, among other services, operates one of only two switches for the …
Read More »Payscape Signs Referral Deal and other Digital Transactions News briefs from 10/1/18
Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …
Read More »Signs of Life at the Pays
Not so long ago, mobile-payments enthusiasts were asking what ailed Apple Pay, Google Pay, and Samsung Pay. Now the Pays finally seem to be getting some traction, though their transaction market share is still minuscule. Is there hope for the Pays? After a summer of generally positive developments, the mobile-payment …
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