Digital Transactions Authoritative, insightful and timely information for payments professionals
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
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Masterpiece or Showpiece?
Why skepticism is setting in not just about Bitcoin but also about its underlying technology, the blockchain. Like Beanie Babies and baseball cards, Bitcoin has become a collector’s item, curtailing its usefulness as the faster, cheaper consumer payment method it was developed to be. Out of these adoption delays has …
Read More »A BofA Survey Finds More Consumers Are Using Their Phones to Make Purchases
The number of consumers of all age groups who would or already use their phones to make purchases at the checkout increased to 40% this year, finds Bank of America Corp.’s “Trends in Consumer Mobility Report 2016,” released Tuesday. That’s up from 34% in 2015. Younger consumers—Millennials between 18 and …
Read More »Visa Gets OK for Visa Europe Purchase and other Digital Transactions News briefs
• Visa Inc. said the European Commission, the competition authority of the European Union, approved its planned acquisition of bank card association Visa Europe Ltd.; the $23-billion-plus deal has now received all regulatory approvals, and Visa Inc. expects it to close by June 30. • Visa debuted a payment ring for Team …
Read More »COMMENTARY: What Businesses Should Know About Unattended-Payment Solutions
The use of credit cards in the United States is rising, and new payment options like Apple Pay and Android Pay are gaining popularity. You can bet consumers paying at parking meters, vending machines, or pharmacy-pickup windows will start to expect the convenience of these multiple payment options. 1. EMV …
Read More »8th Annual Field Guide to Alternative Payments
Our list this year showcases some of the most interesting innovation going on in payments. As we put together this year’s Guide, we were struck by the sheer breadth of innovation the 37 entries that made this year’s list represent. Yes, much of this technology has to do with mobile …
Read More »Democratizing Money
Peer-to-peer payments are taking center stage as banks, processors, and tech companies roll out new ways to displace cash. But will providers cash in? The headlines mostly tell of the problem-plagued EMV chip card rollout in the U.S. or wishfully hope that mobile payments will finally catch on with consumers …
Read More »Same-Day ACH Talk Turning Into Action
After a lot of talk, there’s about to be some action in same-day automated clearing house payments, according to NACHA, the ACH network’s oversight body. NACHA reported last month that nearly all of the nation’s biggest financial institutions plan to originate same-day ACH payments this year. The January-February telephone survey …
Read More »Venmo And One Touch Help Buoy PayPal While Big Merchants Squeeze Its Margins
When it comes to mobile payments, few operators can equal PayPal Holdings Inc., a fact the company underlined on Wednesday when it reported mobile volume reached $21 billion in the first quarter, up fully 54% year-over-year. But casting a shadow over the good news was a continuing downward trend in …
Read More »NACHA Reports a Banner 2015, With Stepped-up Growth And New Applications
The automated clearing house network reported stepped-up transaction volume with each set of quarterly statistics it released last year, and on Thursday it confirmed officially that 2015 was a banner year for growth. The payments network, which connects virtually every financial institution in the country, handled more than 24 billion …
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