If understanding a problem is the first step toward a remedy, here are 10 first steps for the executives who must grapple with the complexities of payments every day. Well, here we are with our annual list of the 10 issues causing the most sleepless nights for payments executives these …
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Amazon Seeks Western Union E-commerce Aid and other Digital Transactions News briefs from 10/31/18
USA Technologies Inc., a vendor of payment-acceptance technology for self-serve machines, launched its ePort G9 in Canada. The device accepts contactless debit cards equipped with Interac Flash. The Western Union Co. said it has been asked by Amazon.com Inc. to develop a service that will allow overseas shoppers to pay …
Read More »Eye on Point of Sale: Contactless Test at Jimmy John’s And eTouchMenu’s POS Terminal Choice
As the payments market, led by the card brands, preps for a potential increase in contactless transactions, sandwich chain Jimmy John’s is testing acceptance of EMV contactless payments. Announced Thursday, the test will use a Verifone Systems Inc. Engage P400 device at an undisclosed number of Jimmy John’s locations, Verifone …
Read More »The Tightrope Walk
Processors and acquirers are chasing integrated payments while also serving traditional, terminal-based merchants. Can they keep their balance? The biggest buzzword in payments today is “integrated.” While such payments—exemplified by point-of-sale software with an add-on payments capability that is supposed to be seamless to the user and the consumer—are not …
Read More »Signs of Life at the Pays
Not so long ago, mobile-payments enthusiasts were asking what ailed Apple Pay, Google Pay, and Samsung Pay. Now the Pays finally seem to be getting some traction, though their transaction market share is still minuscule. Is there hope for the Pays? After a summer of generally positive developments, the mobile-payment …
Read More »PayPal Still Reigns in Digital Wallets While Apple Pay Gains and Samsung Pay and Google Pay Diverge
PayPal remains by far the most popular digital wallet with U.S. consumers, but Apple Pay has gained the most since 2017’s third quarter, according to recent findings from technology research firm 451 Research. New York City-based 451’s Voice of the Connected Consumer survey asks consumers about their usage of 15 …
Read More »Google Exec: Google Pay Represents More Than a Rebranding
To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …
Read More »Worldnet TPS Adopts Quickchip Tech and other Digital Transactions News briefs from 8/7/18
Payments-systems provider Worldnet TPS Ltd. said it has integrated Quickchip technology into its GoChip line of point-of-sale products to enable one-second EMV chip card transactions. Payments provider Shift4 Payments Inc. launched a management solution called Lighthouse Business Management System for clients using Shift4’s point-of-sale and payment-processing products. The new service …
Read More »Aliant Payment Systems’s In-House Crypto Service and other Digital Transactions News briefs from 7/31/18
E-commerce marketplace and payments-technology provider Shopify Inc. reported revenue for the quarter ended June 30 of $245 million, up 62% year-over-year. Gross payments volume totaled $3.6 billion, up 64% from $2.2 billion in the same quarter last year. Shopify posted a $30.8 million operating loss, nearly double the $15.9 million …
Read More »Stripe Enters Issuing and other Digital Transactions News briefs from 7/27/18
Processor Stripe launched Stripe Issuing, a platform to aid merchants creating their own credit and debit cards. The service enables developers and businesses to create physical or virtual cards with a single application programming interface call to the platform. Stripe said it is not issuing cards directly to consumers. Physical cards …
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