By Kevin Woodward San Francisco-based carrier-billing specialist Boku Inc. has bought mobile-payments provider mobileview Italia, Boku announced Thursday. The deal means Boku will provide carrier billing to more than 87 million mobile-carrier subscribers in Italy. Globally, Boku says its service, which enables consumers to make digital purchases using their wireless …
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Little USAT’s Big Footprint in NFC Payments
With little fanfare, unattended-payments provider USA Technologies Inc. (USAT) has built an outsized share of the still-small but rapidly expanding base of merchant locations in the United States that accept near-field communication (NFC) contactless transactions—the type of transactions generated by smart phones using the Apple Pay, Google Wallet, and pending …
Read More »USA Technologies’ Network Volume Grows 28% While Its NFC Base Expands
Unattended-payments provider USA Technologies Inc. (USAT) said its revenues increased 47% to $15.4 million in fiscal 2015’s third quarter ended March 31 versus $10.4 million year earlier as connections and transaction volume in its wireless network rapidly increased. Malvern, Pa.-based USAT on Monday said its network handled 54.8 million transactions, …
Read More »7th Annual Field Guide to Alternative Payments
These days, the payments business is all about mobile innovation. But, as ever, it’s also about adoption. How many of these players will crack that nut? If anything rules in the payments business, it’s adoption—the ability of a new payment service to win usage by consumers and uptake by merchants. …
Read More »Mobile Now Controls More than One-Fourth of Online Transactions, Key Report Says
More evidence emerged in recent days to document the surging rise of mobile payments worldwide. For the first time, mobile transactions account for more than 25% of all global online traffic on the Adyen platform, the company said while releasing its quarterly Mobile Payments Index last week with statistics on the …
Read More »Commentators Want New York’s BitLicense To Be Clear and Ensure a Level Playing Field
More than 3,700 individuals, groups, and companies have submitted comments regarding New York State’s novel proposal to regulate virtual currencies. A Digital Transactions News sampling of comments from payments organizations about the so-called “BitLicense” shows they want more clarity in definitions and exemptions from some proposed licensing requirements. New York’s …
Read More »Behind the Acquirers’ M&A Spree
Five leading U.S. merchant processors have spent more than $5.4 billion buying other companies in the past two years. New tech and new channels have a lot to do with the shopping frenzy. Time was, when a merchant processor set out on the acquisition trail, it usually was hunting for …
Read More »Boku Emboldens Mobile Carrier Billing Position With mopay Acquisition
San Francisco-based Boku Inc. has bought mopay Inc., bolstering its position among carrier billers, Boku announced Tuesday. Germany-based mopay, with a U.S. office in Palo Alto, Calif., says it processes more than 5 million monthly transactions and works with more than 400 mobile operators. Boku has built connections to …
Read More »First Data Goes All in on U.S. Gambling Growth with the Full-Deck PayLucky Product Suite
With an eye to capturing a share of the potential $2.6 billion in U.S. online gambling revenue expected by 2017, payment processor First Data Corp. launched PayLucky, a suite of existing products for gambling and gaming providers, the company announced today. The suite, which includes the Clover point-of-sale system, prepaid …
Read More »Mystery Surrounds Upcoming Auction of Silk Road Bitcoins Seized by Feds
One of the most unusual auctions ever is scheduled for Friday, but the event is largely shrouded in mystery. Beginning at 6:00 a.m. Eastern and continuing for 12 hours, the U.S. Marshals Service will take sealed online bids for 29,657 Bitcoins that the FBI seized in its bust last October …
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