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Search Results for: digital payments

For TCF, It’s Full Speed Ahead With Contactless Payments

With about 18 months of experience with contactless debit cards under its belt, TCF Financial Corp. says it’s all-in for so-called dual-interface cards and mobile payments as the number of U.S. merchant locations accepting contactless payments continues to grow. The Wayzata, Minn.-based company’s TCF Bank began supporting the major mobile …

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Square’s Coffee Perk and other Digital Transactions News briefs from 3-23-18

Square Inc. is testing a program that gives consumers $1 off purchases at coffee shops when they pay with Square Cash, MarketWatch reported. Payout provider Hyperwallet announced that tilr, a recruiting platform, is using Hyperwallet for payouts to its clients. Candex, a business-services payments provider for purchases of under $100,000, …

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ACI’s UnionPay Deal and other Digital Transactions News briefs from 3-22-18

NCR Corp. announced that chairman and CEO Bill Nuti will step down for health reasons after its board of directors completes a search for his replacement “in the next couple of months.” Nuti then will serve as chairman emeritus and a consultant to the ATM and point-of-sale payment technology provider. …

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A Double-Digit Growth Rate in Wearables Sharpens the Focus for Their Payments Potential

With the introduction of transactional capability on smart watches and fitness trackers like the Apple Watch and Fitbit, the payments industry has eyed wearable devices as a field laden with potential for growth. Just how much growth came into focus this week with new figures and projections from International Data …

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Boston’s New Fare System and other Digital Transactions News briefs from 3-21-18

The Electronic Transactions Association announced its inaugural group of “Forty Under 40” up-and-coming payments-industry leaders. Cubic Corp. said its Cubic Transportation Systems unit and John Laing, a builder of mass-transit infrastructure, came to terms with the Massachusetts Bay Transportation Authority to build and operate a new fare-payment system, including contactless bank card payments through …

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Macy’s New Self-Checkout Feature and other Digital Transactions News briefs from 3/20/18

Macy’s Inc. said it is launching a self-checkout feature in its mobile app that lets customers scan an item with their phone and pay with a registered card. So-called mobile-checkout stations validate purchases, take off security tags, and bag the goods. The launch follows a test at the chain’s Woodbridge, …

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Omnichannel Vital for Retailers, But Payments Improvements Rank Low in 2018, NRF Finds

As more consumers opt to shop using mobile devices, more retailers are looking at ways to unify the checkout experience, according to the “State of Retailing Online 2018” report released this week by Shop.org, the digital arm of the National Retail Federation. Completed in conjunction with Cambridge, Mass.-based Forrester Research …

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Gap Wants Its Top Suppliers To Ditch Cash Payments to Workers by 2020

Apparel and accessories retailer Gap Inc. wants its leading suppliers to stop paying workers in cash by 2020 and instead pay them digitally. San Francisco-based Gap, which had nearly $16 billion in sales last year and owns the Old Navy, Gap, Banana Republic, and Athleta brands, said this week that …

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Vendor Eliminates Contactless Metal Card Issues and other Digital Transactions New briefs from 3/16/18

XCore Technologies, a component maker for card manufacturers, introduced a technology that it said eliminates issues when making a contactless payment using a metal card. TruRating Ltd., a technology company specializing in point-of-payment customer feedback services, announced it has joined the app marketplace of point-of-sale terminal maker Poynt. In an …

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Dorsey Invests in Blockchain Start Up and other Digital Transactions News briefs from 3/15/18

Blockchain start-up Lightning Labs raised $2.5 million in seed financing from investors that included Jack Dorsey, the CEO of Square Inc. and Twitter Inc., CNBC reported. Lightning Labs is developing technology that it says will make Bitcoin transactions faster and cheaper. The Square Cash app supports Bitcoin. BlockCypher, a blockchain …

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Digital Transactions