Digital Transactions Authoritative, insightful and timely information for payments professionals
A real-time payments system featuring tokenized transactions opened to all comers on Wednesday when Houston-based BBVA Compass Bank announced its connection with processor Dwolla Inc. is live for commercial use. “We’ve been in a live environment [with BBVA] for the last two to three weeks with friends and family but …
Read More »Search Results for: digital payments
Microsoft’s Payments Gambit Baffles Some, But Others See Hidden Potential
Microsoft Corp. may bring impressive technical chops as it enters the mobile-payments race, but if ever there were a David up against Goliaths, it’s now the Redmond, Wash.-based computing giant. News broke last week that Microsoft has used a company called Microsoft Payments Inc. to apply for money-transmission licenses with …
Read More »ShopKeep Buys Long-Time ISO Partner Payment Revolution To Offer Integrated Payments
ShopKeep.com Inc., a provider of tablet-based point-of-sale technology, on Wednesday announced the formation of a new payments division built around its long-time independent sales organization partner, Payment Revolution LLC, which ShopKeep has acquired for an undisclosed price. Payment Revolution co-founder and chief executive Etie Hertz is now senior vice president …
Read More »Pot Payments Piteously Poor in an Otherwise Smokin’ Industry
By Jim Daly Legal U.S. marijuana sales grew 74% to $2.7 billion in 2014 from $1.5 billion the year before, but you wouldn’t know it by the payment card and other electronic payments generated by the budding industry, according to a new research report. Even though about 20 states have …
Read More »First, There Was Card on File. Now Boku Brings ‘Phone on File’ to Online Payments
For years, merchants like Amazon.com Inc. and Apple Inc. have streamlined online payments by letting consumers charge stored credit cards with a single click, using a technique called card on file. Now, a similar concept is coming to carrier billing, the payment method used by merchants to charge online purchases …
Read More »Samsung Buys LoopPay, a Key Building Block for a Samsung M-Payments Service
LoopPay Inc., the mobile payments company that relies on magnetic fields to connect devices to point-of-sale terminals, has a new owner: Samsung Electronics America Inc. The deal, announced in an email to LoopPay users, all but confirms that smart-phone maker Samsung has plans to launch what has been a much-rumored …
Read More »When mPOS Goes Awry, Whom Do You Call? Payments Veteran Kahn Hopes It’s Boomtown
Mobile point-of-sale systems have come a long way in a short time, but in one respect they may have grown up too fast. They may have outstripped the ability of merchants and merchant-service providers to provide the kind of constant and consistent support that’s necessary to keep the tablets humming. …
Read More »It’s Not the Only Factor, But Security Looms Large as Consumers Eye Mobile Payments: Survey
Despite all of the hype about mobile payments, consumer concerns about security, convenience and where they can use smart phones have yet to be addressed, finds a survey from The 451 Group. Of the more than 4,100 North American consumers polled in December, 84% cited security as the top …
Read More »Silicon Valley’s Payments Fever
A flood of payments initiatives has come out of the Valley, with more on the way. What is it about this business that gets the mercury rising out there? Where do people in payments look for innovation? Yes, some of it shows up in Boston, a little in Chicago and …
Read More »As Apple Closes in on Samsung, the Rivals Get Set to Lock Horns in M-Payments
With Apple Inc.’s record results in the fourth quarter, the computer giant appears to be closing in on long-time rival Samsung for dominance in the crucial worldwide smart-phone market. Meanwhile, Samsung is working to catch up with Apple Pay, the highly publicized mobile-payments service Apple launched in October. For now, …
Read More »