Digital Transactions Authoritative, insightful and timely information for payments professionals

June, 2018

• 1 June

  Delaware Moves to Wider Sports Betting As States Look to Exercise Newly Granted Discretion

  

  Delaware will begin allowing single-game sports betting at three casinos starting June 5, the state announced on Thursday. The move makes Delaware only the second state to allow single-game bets and represents the latest result of the U.S. Supreme Court’s decision last month to strike down a 26-year-old law that …
• 1 June

  Square Closes Weebly Deal and other Digital Transactions News briefs from 6/1/18

  

  Square Inc. updated its second-quarter and full-year guidance following its acquisition of e-commerce site provider Weebly Inc., which closed Friday. Square now expects its full-year revenue to range from $3.03 billion to $3.09 billion, up from $3 billion to $3.06 billion. For the second quarter, it forecasts $744 million to …

May, 2018

• 31 May

  Signifyd Gets a $100 Million Investment As Retailers Feel Online Fraud Pain

  

  Vendor Signifyd Inc. said it lined up $100 million in funding to fuel its growth as an e-commerce fraud-prevention specialist. Announced this week, the Series D funding comes as retailers struggle to find effective ways to counter sophisticated online criminals amidst burgeoning online sales. E-commerce fraud over a two-year period through …
• 31 May

  Eye on Virtual Cards: A New API And New Software Promise to Ease a Heavy Burden

  

  Three companies on Thursday released technology aimed at streamlining virtual cards, digital versions of familiar plastic credit cards that banks can issue to consumers and businesses. Switch Inc. unveiled a version of its Cardsavr card-on-file technology that issuers can integrate now. The new release automates the entry and updating chore …
• 31 May

  Digitally-Oriented Millennials Put Their Mark on Loyalty Programs

  

  Young adults like loyalty programs even more than older consumers, and the so-called Millennial generation has its own preferences for types of loyalty programs and the form factors for connecting merchants and consumers, according to new research from Hawk Incentives. For example, as a group, respondents to a Hawk Incentives …
• 31 May

  ParkWhiz Buys CodiPark and other Digital Transactions News briefs from 5/31/18

  

  Parking management and payments provider ParkWhiz acquired CodiPark, an Israeli firm whose app allows users to pay for a parking space when they drive up to a garage, a function that adds to ParkWhiz’s pre-booking app. Terms were not announced. POSaBIT Ltd., a financial-technology company specializing in digital currency at the …
• 30 May

  Generation Z Emerges With a New Way of Thinking About Payments

  

  Generation Z is about to become a major force in financial services and payments, and that will change how payments providers market their services to them. That assertion, in the “Technologies Influencing Generation Z Payments Adoption” report released this week by Javelin Strategy & Research, is based, in part, on …
• 30 May

  Will A Wider Array of NFC Functions Help Boost Apple Pay?

  

  Ever since Apple Pay launched in the fall of 2014, observers have questioned why the mobile-payment service hasn’t caught on with consumers. One possibility is that the service’s contactless capability remains foreign to most consumers. That could change next month, when Apple Inc. is expected to widen the range of …
• 30 May

  How Can Payment Partners Support ISOs and ISVs in a Changing Market?

  

  Sarah Adams, VP Product, Card Present at Paysafe In an article posted earlier this week, my colleague Todd Linden, CEO of Payment Processing North America, looked at how the US payments landscape is changing. He also explored how Independent Sales Organizations (ISOs) and Independent Software Vendors (ISVs) were evolving in …
• 30 May

  Shift4’s New Partnership and other Digital Transactions News briefs from 5/30/18

  

  Point-of-sale system technology provider Revel Systems said it integrated customer-engagement software from Conduit Ltd., which uses the brand name Como, into its platform to bring to brick-and-mortar merchants services used by online retailers such as loyalty programs, analytics, branded mobile apps, in-app payments and other capabilities. Shift4 Payments LLC announced …