When payment volumes and values are displayed as a single graphic, some interesting patterns emerge about how we use current payment methods. Are there implications for new and future payment methods? – Debit card has the highest number of transactions but the lowest total value of those transactions. It has …
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Primetime for Amazon Pay
Amazon long ago mastered e-commerce, and now its payments unit is making moves in physical stores and in voice commerce. Will it succeed here as it has online? In the fall of 2009, a certain big company in Seattle launched a service that let consumers authenticate themselves for online purchases …
Read More »Why We’re Offering Cryptocurrency Solutions to Merchants
Solutions are coming for slow speeds and high fees, says Eric Brown, who argues that even now the advantages for merchants are too good to pass up. Unless you spent last year living under a rock, you know that cryptocurrency is a sizzling-hot topic right now. Bitcoin’s price and daily …
Read More »The Allure of Brick And Mortar
Nobody knows for sure, but some time this year Amazon.com Inc. could unleash a double-barreled assault on the world of physical-store payments. As our cover story this month lays out, the Seattle colossus has already introduced Amazon Pay Places, a mobile order-ahead application for Amazon Pay, and is working to …
Read More »No Shortcuts To Becoming a PayFac
As the payment-facilitator model gains favor, understanding the process to become one has become more important than ever. A few years ago, deciding on a payment model was a simple choice for a software vendor or event organizer: Find an independent sales organization to work with or become one. Then, …
Read More »PayPal Reimagines the Point of Sale
A series of partnerships with the card networks and now individual banks have positioned the online-checkout kingpin to make the leap to a mainstream digital-payments platform. Ever since PayPal Holdings Inc. was spun off from eBay Inc. in 2015, its chief executive, Dan Schulman, has not been shy about warning …
Read More »Chenault Joins Another Board and other Digital Transactions News briefs from 1-30-18
UATP, which is owned by and provides payment processing for many of the world’s airlines, said it is now accepted for U.S. ticket purchases on Expedia, Orbitz, and Travelocity. General Catalyst announced that soon-to-retire American Express Co. chief executive Ken Chenault has joined the venture-capital firm as chairman and a …
Read More »Sage Payment Solutions Rebrands As Paya And Aims at Higher Visibility As a Payments Company
Seven months after paying $260 million for Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, investment firm GTCR LLC is giving it a new name—Paya—and a refreshed strategy to add more merchants to its portfolio. Announced Tuesday, the Paya name for the Reston, Va.-based payments provider signifies a …
Read More »Discover Goes for a Ride in San Diego and other Digital Transactions News briefs from 1/29/18
The U.S. Secret Service began warning financial institutions last week about ATM “jackpotting,” in which a machine quickly spits out huge amounts of cash after being physically compromised by organized gangs and infected with a variant of malware first seen in 2013, according to KrebsOnSecurity. Hackers are especially targeting Diebold …
Read More »The PCI Council Announces a Standard for Software-Based PIN Entry
For decades, merchants have had to install specially designed and built devices to allow customers to enter their personal identification numbers for debit card payments. And lately, that has been the case for EMV cards, as well. But on Wednesday, that changed as the PCI Security Standards Council published a …
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