Digital Transactions Authoritative, insightful and timely information for payments professionals
• Payments-automation specialist linked2pay has added a real-time merchant-onboarding capability to its Bank Centric Payments platform, allowing independent sales organizations and other resellers enrolled with a sponsor bank to register, underwrite, and board merchants for card processing electronically and immediately. • Mobile-commerce provider Sionic Mobile said it is integrating its ION Commerce …
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First Data Agrees to Acquire Acculynk, a Pioneer in PIN Debit for Web-Based Transactions
The idea of allowing consumers to use PIN debit cards to pay online merchants has been a tough sell in the payments business, but observers hope a deal announced Thursday may give it a much-needed boost. Processing kingpin First Data Corp. said it will acquire Acculynk Inc., a 9-year-old Atlanta-based …
Read More »Harbortouch In Integration Deal and other Digital Transactions News briefs
• Merchant processor Harbortouch Payments LLC said it will integrate cloud-based purchasing and inventory-control software from Sarbari into its point-of-sale offering for the restaurant industry. • Processor and payments-tech developer Dwolla Inc. said it has brought its application programming interface for same-day automated clearing house transactions out of pilot. With this move, …
Read More »Biller Sites Are Running the Table When It Comes to Bill Pay
In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report from …
Read More »The Time Value of Money
Can anything beat rewards as an inducement to get consumers to use mobile payments? Some experts say apps that let you skip the line might just do the trick. Mobile wallets are still relatively new technology, but the payments business has had enough experience with them to come to at …
Read More »Biller Bill-Pay Sites Crush Bank Sites While Both Camps Look to Faster-Payment Offerings
In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report released …
Read More »Why Merchants are looking to their PSP for Fraud Protection
Fraud is on the move and your online merchants need help. Fraudsters have more tools and better data to steal from merchants than ever before. Online Processors, Gateways, and eCommerce Platforms play a pivotal role in detecting and deflecting fraud before it hurts their clients. In response to the ever-changing landscape …
Read More »British Competition Authorities Question Mastercard’s VocaLink Acquisition
The United Kingdom’s Competition and Markets Authority (CMA) is questioning Mastercard Inc.’s planned $920 million acquisition of London-based VocaLink Holdings Ltd., a deal which if consummated would give Mastercard a strong presence in several non-card payment systems, including the Faster Payments initiative in the United States. VocaLink operates Bacs, the U.K.’s …
Read More »The Age of Bots
They sell products, answer questions, and take payments in a process called conversational commerce. Just how much potential do chatbots really have? It’s been one of those days. You could use a drink. But you’re traveling on business, and you’re not sure where the local bars are. And you’re not …
Read More »Who’s Afraid of Amazon?
If you’re not, and you’re a retailer with physical stores, you should be. But there’s a way to fight back. Proprietary mobile apps show the way. Amazon.com Inc. is on a tear. Reports show the online retailer accounted for 24 cents of every $1 in retail sales growth in 2015, …
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