Declining use of cash at Atlanta’s Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world’s busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its …
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Wells Fargo Merchant Services Sued and other Digital Transactions News briefs
Worldpay has asked for second extension, this time to Aug. 11 after a first one to Aug. 8, of a British regulatory deadline as Worldpay and Vantiv Inc. executives put the finishing touches on Vantiv’s proposed $9.9 billion buyout offer for the London-based merchant acquirer. Reuters reported that the companies expect to announce a final …
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 »CFPB Considers Another Prepaid Rule Delay and other Digital Transactions News briefs
• The Consumer Financial Protection Bureau has issued a proposal adjusting certain provisions of its massive rule for prepaid accounts and asking for comment on whether the effective date for the rule should be delayed a second time. The proposed adjustments concern requirements for error resolution on unregistered accounts and wider flexibility for credit …
Read More »Bitcoin at $2,000: The Digital Currency’s Heady Ascent Obscures Its Payment Function
Like it or not, Bitcoin has momentum behind it. On Saturday, the digital currency breached the $2,000 level for the first time ever, and by Monday morning it was trading just shy of $2,200, according to CoinDesk, an online service that tracks cryptocurrency. That represents a quintupling in value since …
Read More »EVO Makes Another Acquisition and other Digital Transactions News briefs
• EVO Payments International announced it purchased the remaining ownership interest in Zenith Merchant Services, a Montreal-based payments provider. Terms were not disclosed. • Payments processor Computer Services Inc. has integrated data from Dow Jones Risk & Compliance for sanctions screening to help clients control the risk of doing business with politically …
Read More »While Mobile Wallets Have Gone ‘Mass-Market,” Adoption Has Leveled off
Ever since Apple Inc. raised the profile of mobile wallets with its launch of Apple Pay in 2014, observers have questioned how widely consumers would take up the newfangled payment gadgets. The latest study shows that while adoption is widespread, it has stalled in recent months. The good news for …
Read More »Apple P2P Payments Rumors Surface Again and other Digital Transactions News briefs
• Apple Inc. is once again talking to payments-industry players about launching a person-to-person payment service, according to a report on Recode.net, which cited “multiple sources familiar with the talks.” The sources say the service would allow iPhone users to send money to each other. Recode also reports Apple is talking to …
Read More »What is the Future of Mobile Wallets? Anticipation and Waiting, Expert Panel Says
As mobile-wallet backers wrestle with the right mix of features and functions—loyalty, offers, and payments—to incentivize consumers and merchants to use their products, they should get accustomed to waiting. That was the word Thursday in Orlando, Fla., from speakers at the 2017 Payments Summit, sponsored by the Secure Technology Alliance. …
Read More »Apple Pay Victory in Australia and other Digital Transactions News briefs
• CORRECTION: The March 30 issue of Digital Transactions News mischaracterized the business in which eProcessing Network LLC engages. It is a payment gateway. DTN regrets the error. • In a victory for Apple Inc. and its Apple Pay mobile-payments service, the Australian Competition and Consumer Commission denied a request from four …
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