Monday , October 28, 2024

Search Results for: merchants

Most Pay Bills Online and other Digital Transactions News briefs

• Fifty-six percent of all bills in the U.S. are paid online at a biller, bank, or third-party site, according to data from ACI Worldwide and Aite Group. Of these, 72% are now paid at biller sites. • Digital-payments company Proxama PLC has agreed to provide payments services to clients of payment …

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DiningData Marks $1 Billion in Processing Volume and other Digital Transactions News briefs

• Processing-software vendor Womply has launched an analytics tool called Retention Intelligence to help acquirers identify merchants likely to leave the portfolio. • A 2-year-old startup called diningData, which processes payments and analyzes data for restaurants, announced it is now handling $1 billion in annual volume. The company is a division of Hadfield …

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Eye on Travel: Host Card Emulation for Ticketing, And a Mobile Wallet Guide for Airlines

Travel providers have new options for accommodating how consumers use their smart phones to pay for travel. Ticketing-software vendor Rambus Ecebs has introduced a set of products for mobile ticketing that rely on host card emulation to load smart cards into smart phones. Host card emulation enables download of payment credentials via …

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AmEx Steps on the Marketing Gas Pedal To Help Fill Costco Void

Fourth-quarter profits and U.S. charge volume declined while marketing expenses increased for American Express Co. as the company continued to dig its way out of the hole left last year by the termination of its U.S. cobranding and acceptance pact with Costco Wholesale Corp. New York City-based AmEx reported Thursday …

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How Dwolla Turned Away from Consumer-Facing Payments to White-Label APIs

It’s taken about a year, but Dwolla Inc. has now executed a strategic shift away from handling online and mobile transactions directly for consumers who want to pay merchants and each other. Instead, the 8-year-old, Des Moines, Iowa-based company now focuses on selling programming to clients that want to process …

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Clearent Buying Payment Alliance International’s Merchant Services Division

Payments provider Clearent LLC is buying Payment Alliance International’s merchant-services division, which serves more than 17,000 merchants, for an undisclosed amount, Clearent announced Wednesday. The deal adds $4.2 billion in processing volume to Clearent, pushing the combined entity’s total processing volume to $14 billion and its total number of merchants …

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For Online Retailers, Holiday Sales Were Up, But So Was Attempted Fraud, Report Shows

The bill continues to come due for the frenzy of orders online merchants processed over the holidays. While card-not-present transactions were up 16% for the holiday season compared to the same period in 2015, fraud attempts increased fully 31%, according to data released Tuesday by ACI Worldwide, a Naples, Fla.-based …

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iPayment Finalizes Refinancing and other Digital Transactions News briefs

• Merchant processor iPayment Inc., along with its parent company iPayment Holdings Inc., announced a refinancing with holders of its senior secured notes that company officials say should result in a “substantial deleveraging” of the company and enable it to add services and products. • Equinox Payments LLC said it supports Android Pay …

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Currency Or Investment Vehicle? Rising Bitcoin Value Outshines Its Payments Role

The price of Bitcoin, which soared to heady heights at the end of 2016 only to drop somewhat over the last two weeks, has been much on the minds of payments observers looking to the digital currency as an intriguing new way to pay. But is Bitcoin a medium of …

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Terminal Makers Unleash a Variety of Product And Service Introductions As NRF Opens

Point-of-sale terminal maker Ingenico Group is among many payments companies making announcements Monday at the National Retail Federation’s annual Big Show in New York City. France-based Ingenico says its ePayments division and its research arm Ingenico Labs now offer payment-enabled messaging bots for e-commerce merchants. Bots are an artificial intelligence …

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Digital Transactions