Digital Transactions Authoritative, insightful and timely information for payments professionals
Kevin Woodward Online gambling, now legal in only three states, could produce a big payoff for payments companies. Payment companies hoping to hit the jackpot by providing services for online gambling in the United States will want some patience, education, and a bit of luck. Just three states—Delaware, New Jersey, …
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Cover Story: Annual Field Guide to Alternative Payments
Our Guide spotlights how mobile payments and digital currency drive payments innovation. by John Stewart, Jim Daly, and Kevin Woodward Alternative payment schemes are becoming almost too numerous to count. A few months back, one payments-industry veteran listed all the mobile wallets he knew of and came up with about …
Read More »Endpoint: The Real Reason Consumers Are Bailing on Mobile Payments
To bring cart abandonment back down to earth, e-marketers need to fix their mobile payments and promotions systems—and they don’t have much time, says Ralph Dangelmaier. For mobile conversion rates to meet or surpass non-mobile benchmarks, the mobile checkout and payment process needs to be frictionless, intuitive, marketing-savvy, and global-aware. …
Read More »Trends & Tactics
Online Alternatives Go Mainstream With millions of people now using PayPal, Amazon Payments, Google Wallet, and other so-called online alternative payments, observers are starting to say that the term is rapidly becoming outmoded. In a February report, Javelin Strategy & Research says eight in 10 online shoppers used an online …
Read More »Acquiring: How Merchant Aggregators Are Shaking Up Payments
Peter Lucas Merchant aggregators are leading the charge to simplify merchant on-boarding and add value to payment technology. Can traditional ISOs catch up? It’s only been a few years since Visa Inc. and MasterCard Inc. relaxed their rules to officially recognize merchant aggregation, but in that short time the aggregator …
Read More »Acquiring: A Smoky Incongruity
Jim Daly Despite the growing acceptance of pot in some states, the legal marijuana industry has a tough time getting payment-card processing and other banking services. When, if ever, will the smoke clear? Could a multibillion-dollar new merchant market be going up in smoke because of a conflict between state …
Read More »Square Market Accepts Bitcoin As Good News/Bad News Pattern Continues for Currency
The up-and-down course Bitcoin has followed in recent months continued on Monday as Square Inc. announced it has started accepting the digital currency on Square Market, the online marketplace it unveiled last June. The news lent some legitimacy to Bitcoin just as the currency was reeling from an Internal Revenue …
Read More »Burger King Has Its Way With a New Mobile-Payments and Loyalty App
It may perennially trail McDonald’s Corp. among the leading U.S. hamburger chains, but Burger King Worldwide Inc. is on track to take the lead in mobile payments. Miami-based Burger King this week said it plans to roll out a smart phone app offering mobile payments and digital-coupons beginning in April. …
Read More »2Checkout Ditches ‘Archaic, Slow’ System for a Speedier Merchant-Approval Process
Patience is not an online virtue for consumers, and, it appears, for merchants waiting for online approval of their payment-processing account applications. At least that’s the assessment of Tom Dailey, chief executive of 2Checkout, a Columbus, Ohio-based e-commerce payment-services company, which announced this week it has revised its underwriting …
Read More »Hopes for a Battered Bitcoin Buoyed by Major Merchant Announcements
Despite Bitcoin’s recent travails, the fledgling digital currency has begun to win support from some of the nation’s best-known merchants. This week came news that department-store chain Lord & Taylor will start accepting Bitcoin through a mobile app called Pounce. The news followed upbeat Bitcoin results released by online retailing …
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