AT&T Communications said on Thursday that starting now it will accept bill payment in cryptocurrency, making it the first mobile carrier, and one of the largest companies overall, to do so. The company, a unit of AT&T Inc., is using Atlanta-based processor BitPay Inc. to handle digital-currency payments. No information …
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Cryptocurrency’s Weakest Links
To purloin crypto, hackers are importing successful—and very familiar—methods from the world of fiat money. Here’s what experts say needs to be done. Security has always been a big selling point for Bitcoin and other cryptocurrencies. The crux of the security argument is twofold. Unlike cash, cryptocurrencies are encrypted in …
Read More »Eye on Cryptocurrency: Demise of a Visa Card; Crypto for Truck Parts; a Calmer Bitcoin
A Visa-branded debit card from Shift Financial Inc. that enabled consumers with accounts at digital currency exchange Coinbase to spend based on funds held in their Coinbase accounts reportedly will cease operations in April, said the CoinTelegraph.com news site. The card, issued by Metropolitan Commercial Bank, reportedly faced a limited …
Read More »EMV Merchant Base Grows 15%; Kroger Pay Debuts; Chase Testing Its Own Cryptocurrency
Chase Testing Its Own Cryptocurrency and other Digital Transactions News briefs from 2/14/19
JPMorgan Chase & Co. will within a few months begin testing its own cryptocurrency for wholesale payments between corporations and banks globally, according to CNBC. The new token, called JPM Coin, will be exchangeable at the rate of $1 each. The development may surprise some observers, given the harsh criticism …
Read More »BitPay Adds Cryptocurrency Settlement Options and other Digital Transactions News briefs from 10/15/18
American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …
Read More »Cryptocurrency ‘Has Legs,” Payroc Says, So It’s Moving Toward a Merchant Acceptance Rollout Later This Year
Issues like price volatility, pokey transaction times, and sheer reputational risk have left many processors and independent sales organizations on the sidelines when it comes to cryptocurrency acceptance. Many, but not all. The latest entrant, and the largest so far, in this nascent market is Payroc LLC, which later this …
Read More »USAA Sues Wells Over RDC Patents; VeriFone’s Revenue Slips; Cryptocurrency Volatility Resumes
BitPay Targets Physical Stores for Cryptocurrency With a Refreshed Checkout App
Bitcoin is far from a mainstream payment method, but most merchants that accept the cryptocurrency are online sellers. On Monday, the Atlanta-based processor BitPay Inc. announced an update intended to bring Bitcoin and its recently hatched cousin, Bitcoin Cash, to more brick-and-mortar merchants. BitPay introduced its Checkout app, which works …
Read More »New WiseKey Technology Connects the IoT With Its WiseCoin Cryptocurrency
In a mashup of the Internet of things and cryptocurrency, authentication and data-security firm WiseKey International Holding Ltd. announced Thursday that it has developed a payment service for IoT-connected devices and its own WiseCoin. Geneva, Switzerland-based WiseKey said it has tested the system, dubbed IoT CryptoCurrency Smart Payment, on a …
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