Frustration with electronic-transaction pricing may be reaching a boiling point in the supermarket industry, says one expert who keeps an eye on payments issues at the National Grocers Association, an Arlington, Va.-based trade group that includes independent supermarkets and wholesalers among its 12,000-plus members. Interchange and other costs for credit …
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Peppercoin’s Big Ambitions in Small Payments
Peppercoin Inc., the Waltham, Mass.-based micropayments startup that only this week emerged from its test phase with a commercially available service, may have a small footprint in the transactions business so far, but its ambitions are big. First, it plans to snag more merchant signings like the one it announced …
Read More »Survey Hints at Rising Micropayments Adoption by Online Merchants
A survey of more than 170 senior-level executives for electronic payments processors, networks, and online merchants at a micropayments conference held earlier this month indicates a majority of the online merchants in attendance will be selling content with a micropayments system within a year. The survey, whose results were released …
Read More »A Cryptographer Says He Holds the Key to a Digital Currency
The dream of a digital currency, a form of money invented just for electronic transactions and just as anonymous as cash in the physical world, is at least as old as the original concept of the Mondex smart card 10 years ago. Next came Cybercash, Digicash, Beenz, Flooz, and others. …
Read More »Survey: Better Content Might Ignite Online Micropayments
A survey released today at a conference on micropayments reveals the extent to which Americans are willing to buy content from Web sites at prices measured in the pennies. Extrapolations from the survey show that 4 million Americans made micropayments for digital content costing $2 and under in the past …
Read More »Why Pay by Bank is Safer Than You Think
Here’s why this efficient payment method is steadily overcoming doubts to establish itself as a safe, efficient—and fast—alternative to cards. From instant-payment processing times to real-time account access and the option to choose from multiple payment options, the modern digital economy is driven by demands to provide businesses and consumers …
Read More »Fiserv Posts Growth As New Tech And New Initiatives Start to Kick in
Fiserv Inc., one of the nation’s biggest processors, put up some notable growth numbers in the September quarter despite its size. How long it can maintain that momentum may depend on its ability to release new services and build on recent initiatives such as its SMB Bundle and Cashflow Central, …
Read More »‘The Days of Easy Secular Growth Are Behind Us,’ Warns a New Report
Payments revenue, which grew at a healthy clip through last year, is going to see a drastically slower growth rate over the next five years, argues the Boston Consulting Group in a report issued early Monday. Worldwide payments revenues, which totaled $1.8 trillion last year, will increase at a compound …
Read More »No Pausing for PayPal’s Chriss
Alex Chriss took over as CEO a year ago and wasted no time shaking things up. Now he’s on a tear to spark growth. There’s no doubt Alex Chriss, PayPal Holdings Inc.’s chief executive and president since September 2023, has taken fully to heart his charge to boost the online …
Read More »The CFPB Reviews Cash Back at the Point of Sale
Retailers providing cash-back services at the point of sale fill a void for many consumers who may live in so-called banking deserts, the Consumer Financial Protection Bureau says in a recent report on the service. Some, however, charge a fee for that access, among other banking hurdles. The Cash-back Fees …
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