As merchants and payments processors wrestle with linking e-commerce transaction data with data generated from in-store payments, vendors are starting to offer products to ease that connection. An early player is Creditcall Ltd., which on Monday introduced software that allows processors to combine data streams from a merchant’s online and …
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Vantiv’s Worldpay Bid Extended and other Digital Transactions News briefs
Payments veteran and Harbortouch founder Jared Isaacman announced the formation of Lighthouse Network LLC, a company that will provide shared services, such as payment processing, merchant-support responsibilities, and corporate functions to Harbortouch, and eventually other brands, which could be acquired through strategic means, a Lighthouse Network spokesman said. Isaacman said in a press …
Read More »Will Faster Payments Arrive Fast Enough to Give a Helping Hand to Mobile Payments?
Faster payments may be in the offing, according to the Federal Reserve, but that term refers to the speed of clearing and settlement. It doesn’t mean new payments methods will necessarily go mass market any more quickly. Take mobile payments, a form of digital value transfer based on smart phones …
Read More »On a Partnership Tear, PayPal Unveils New Agreements, This Time With Chase And Citi
PayPal Holdings Inc. made it clear on Thursday it isn’t done striking deals with banks and other payments companies. Only days after announcing a major partnership agreement with Samsung Pay, PayPal now says it will work more closely with JPMorgan Chase & Co. and the bank’s Chase Pay wallet. And …
Read More »More Financial Institutions Offering P2P Payment Apps and other Digital Transactions News briefs
The U.K. Treasury Ministry has said it is prohibiting merchants from assessing surcharges beginning January 1. Surcharges could be as much as 20% for purchases like a flight, the ministry said in a press release. In 2010, United Kingdom surcharges totaled 473 million pounds ($617 million). “Rip-off charges have no place in a modern Britain and …
Read More »PayPal Gets a Key Boost at the POS Through a Wide-Ranging Deal With Samsung Pay
In a deal that follows months of partnership agreements with other payments companies, PayPal Holdings Inc. on Monday said its PayPal service will become available as a payment method in Samsung Electronics Co. Ltd.’s Samsung Pay wallet. When it goes live, the link is expected to go a long way …
Read More »PayPal’s Visa Europe Expansion and other Digital Transactions News briefs
Mastercard Inc. acquired Brighterion Inc., a software company specializing in artificial intelligence that Mastercard expects will enhance its customer-experience and fraud-prevention services for customers. Terms of the deal were not disclosed. PayPal Holdings Inc. and Visa Inc. extended to Europe a collaboration deal first announced last summer. Under the agreement, PayPal’s European operation will promote …
Read More »UnionPay Continues To Gain Share in the Worldwide Payment Card Market
Just over 6 billion payment cards now bear the UnionPay logo, and in 2016 the Chinese network accounted for 43% of all general-purpose credit and debit cards in the world, up from 41% in 2015, according to new findings from London-based Retail Banking Research. RBR estimates the worldwide payment card …
Read More »PayPal Enabled in Samsung Pay and other Digital Transactions News briefs
Samsung Electronics Co. Ltd. said users of its Samsung Pay mobile wallet will be able to add PayPal as a payment method, and PayPal Holdings Inc.’s Braintree unit will make Samsung Pay available to merchants via its Braintree Direct service. PayPal will be available within Samsung Pay for in-app, online, and in-store transactions. The …
Read More »Payroc Adds Enhancements to Its Payment-Facilitator Program And Its Gateway
With the growth of payment-facilitator programs and integrated payments, merchant-service companies are expanding services to take advantage of the trends. The latest is Payroc LLC, which on Wednesday announced it has enhanced both its payments gateway and payment-facilitator program. Payfac programs, as they’re called, allow a merchant-service provider to aggregate …
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