• Payments provider Clearent LLC completed its purchase of Payment Alliance International’s Merchant Services Division. The deal expands Clearent’s annual processing volume to $14 billion. • International payment-services provider Planet Payment Inc. reported that it processed a total of 191.6 million settled transactions in 2016, down 16% from 227.5 million transactions in …
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VeriFone Looks to the Future as the U.S. EMV Conversion Takes a Breather
VeriFone Systems Inc.’s North American revenues plunged 30% in the quarter ending Jan. 31 as small and mid-size businesses slowed purchases of VeriFone EMV chip card point-of-sale terminals. But Wall Street took it in stride, and company executives stressed new growth opportunities when they reviewed the leading U.S.-based terminal maker’s …
Read More »Petitioners Besiege Shopify and other Digital Transactions News briefs
• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …
Read More »Dwolla Debuts Transfer Web App and other Digital Transactions News briefs
• McDonald’s Corp. is adding order-ahead and payment features to its mobile app as part of a new global growth strategy; mobile order and pay will be enabled in 20,000 restaurants in the U.S. and other countries by year’s end, the fast-food giant giant said. • Dwolla Inc. has introduced Transfer, …
Read More »What Comes After 15 Minutes of Fame?
Host card emulation had a moment in the sun a few years ago as Google and banks geared up their mobile wallets. Since then, HCE’s adoption has widened even as its public profile has faded. What’s next for the technology? It just rolls off the tongue: “host card emulation.” As …
Read More »Look Who’s Going for Network Effects
Acquiring processors haven’t been thought of historically as platform businesses. But the industry is changing, and processors that do it right can achieve enviable valuations. The Holy Grail for payments companies is to enjoy network effects and critical mass. Global networks such as MasterCard and Visa have both in spades. …
Read More »Interac Fraud at Record Low and other Digital Transactions News briefs
• In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …
Read More »COMMENTARY: How 5G Networks Will Remake Payments—And the World
In today’s 4G world, connected homes allow you to turn on lights, turn down thermostats, or activate sprinklers, all remotely. Wearables wake you up and tell you how long and how well you slept. Fingerprints, faces, even the rhythm of your heart are replacing passwords. There’s a lot happening on the connectivity …
Read More »Through an Integration With Apple Pay, Urban Airship Combines Loyalty With Payment
By John Stewart @DTPaymentNews It has become an article of faith that mobile payments capability alone won’t excite consumers. The challenge lies in how to meld loyalty with payments in a single tap at checkout for multiple retail chains. On Friday, Urban Airship Inc. announced an integration of its Reach …
Read More »As Retailers Ramp Up Their Mobile Wallets, Android Pay Also Expands Its Reach
By Jim Daly@DTPaymentNews As retailers such as Wal-Mart Stores Inc. and Kohl’s Corp. ramp up their mobile wallets, the tech companies that offer general-purpose SimplyTapp Inc. developed the original HCE technology. Google, now the main subsidiary of Mountain View, Calif.-based Alphabet, included HCE in late 2013 in Android 4.4, also …
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