Monday , October 28, 2024

Search Results for: merchants

Generation Z: The Unknown Factor

  The payments industry has long been focused on Millennial consumer habits and with good reason: They are a highly influential consumer base and our first generation of digital natives. Now, however, it’s time to be aware of an even more revolutionary demographic stepping into the payments spotlight: Generation Z. …

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Cryptocurrencies Take off With Travel Site CheapAir.com

Customer demand has prompted CheapAir.com to accept three more cryptocurrencies in addition to Bitcoin, which the travel-booking site began accepting in 2013. The new ones are Litecoin, Bitcoin Cash, and Dash. These three currencies promise faster transaction times and lower fees than Bitcoin and are the most-requested cryptocurrencies among those customers …

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Chase Sues Restaurant Operator Landry’s To Recover $20 Million in Data-Breach Network Fines

JPMorgan Chase Bank and its merchant-acquiring affiliate Paymentech have filed a breach-of-contract suit against restaurant operator and Paymentech merchant Landry’s Inc. seeking to recover $20 million in fines from Visa Inc. and Mastercard Inc. stemming from a 2014-15 data breach at dozens of Landry’s properties. The bank and processor, collectively called …

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An iPayment Tie-in With Aliant Will Harness More ISO Horsepower for Crypto Acceptance

The same force that decades ago hit the streets and made credit and debit card acceptance nearly universal is revving up in a nascent effort to do the same for cryptocurrency. Aliant Payment Systems, a Fort Lauderdale, Fla.-based independent sales organization that has been marketing Bitcoin, Ether, and Litecoin acceptance …

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USA Technologies’ $60 Million Stock Gain and other Digital Transactions News briefs from 5/23/18

Shares of processor EVO Payments Inc. began trading on the Nasdaq market Wednesday at an initial price of $16. The company put 14 million shares out to market, for expected gross proceeds of $224 million. In early trading Wednesday the stock was at $19.60, a 22.5% increase from its opening value. EVO …

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The Four Big ‘Pays’ Dominate Mobile Payments, But for How Long?

In four years, the Starbucks mobile-payment service, Apple Pay, Google Pay, and Samsung Pay, will continue to garner large shares of users, but not as much as they do today. That’s the forecast from research firm eMarketer Inc., released Tuesday. Of the four major mobile-payments services, Starbucks Corp.’s app will …

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Nearly All of Visa’s Payment Volume Now Comes From Chip Cards, the Network Reports

Some 97% of Visa Inc.’s total U.S. payment volume stemmed from EMV chip cards in March, according to the card network’s latest periodic report on EMV’s progress in the United States. EMV volume totaled $70.7 billion, up from $4.8 billion in September 2015, the last full month before the country …

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Worldpay Shoots to Top U.S. Merchant Acquirer Spot As Integrated Software Model Takes Over

What do you get when you add 4 and 11? In the case of Worldpay Inc., it’s 1. The merged version of the former Vantiv Inc. and Worldpay plc moved to the number-one position in The Strawhecker Group’s annual directory of U.S. merchant acquirers. Released Monday, the directory ranks industry …

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COMMENTARY: Here’s How the Big Card Networks Can Make Their Common Buy Button a Winner

The digital payments innovators used to be Mastercard and Visa, but with the rise of PayPal, it’s been a new game. Then along came Alipay and Apple Pay and many other local or specialized payment methods, making the playing field even more competitive for these card payment platforms. Visa Checkout …

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No Time to Lose With The Daunting Task of Securing Payments for the Internet of Things

The proliferation of smart watches, voice commerce, and vehicle-based payments has got merchants abuzz about the potential for making purchases more convenient. But securing these payments is a scattershot affair, with each provider wielding its own protocols, attendees learned at the CNP Expo this week in Orlando, Fla. Payments companies …

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Digital Transactions