Merchant processor and payments-technology provider Cayan has achieved EMV chip card certification with processor Worldpay US, adding to EMV certifications with Chase, Vantiv, First Data, and Elavon. Worldpay’s parent, Worldpay Group plc, will be acquired by Vantiv in a $12 billion deal expected to close early next year. Merchant processor Net Element Inc. said its PayOnline …
Read More »Search Results for: facebook
Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
• A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. • Square Inc. announced that Randy Garutti, chief executive of …
Read More »Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. Square Inc. announced that Randy Garutti, chief executive of the …
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 »Driven by Zelle And Apple, Mobile P2P Will Hit $244 Billion by 2021, Forecast Says
The forecast for person-to-person mobile payments is a heady one. Expect double-digit growth through 2021, says research firm eMarketer Inc. As more consumers adopt the growing number of P2P payments services, the value of their P2P mobile transactions will increase to $244.03 billion, up 103% from the $120.38 predicted for …
Read More »Flywire Notes Processing Volume and other Digital Transactions News briefs
Flywire Corp., a processor specializing in education payments and other cross-border transactions, said it notched “record results” over the past year in payments processed and students and institutions served. Among other results, the company said it added 300 schools, bringing its total to more than 1,300. REcoin, an emerging cryptocurrency intended …
Read More »Finally, A P2P Payments Service for Apple Pay
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and last month, the computing giant obliged. Without adding much detail, Apple announced that users of its Messages feature will be able to …
Read More »Whatever Happened to Buy Buttons?
The buy button, which only two years ago showed much promise on social networks, has been superseded by the need to accommodate mobile shoppers. They were once thought to be a new way to spur more online transactions as consumers amped up the time they spent on social networks. But, …
Read More »Confirming Months of Rumors, Apple Announces a P2P Service Tied to Apple Pay And iMessage
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …
Read More »Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market
Financial institutions and third-party providers of digital person-to-person payments may have the same goal—ubiquity of service and adoption—but they’ll have to take different paths to get there, according to “Digital Person-to-Person Payments in the U.S.: The Competitive Landscape,” a report released last week by the Aite Group LLC. The P2P …
Read More »