Lyft’s efforts to lower its costs may be emblematic of a broader initiative among so-called gig-economy firms to tame nettlesome factors like card-acceptance costs. It’s every merchant’s dream to chop card-acceptance costs to the bone. Historically, some sellers, especially those with very large credit and debit card payment volumes, purportedly …

Amazon’s tech-laden Go stores are disrupting in-store checkout. But as other merchants look to follow suit, it’s becoming clear there are lots of ways to get the checkout to check out. Consumers so loathe waiting in line at checkout  that half of all shoppers avoid entering stores with long lines, …

Yes, the magazine you are holding in your hands is indeed Digital Transactions. I don’t blame you, though, if you thought you had grabbed the wrong magazine. After all, we’ve had the same look since our first issue rolled off the press in January 2004. So anyone who has subscribed …

The economy is still humming along, but that doesn’t mean independent sales organization owners and executives are having an easy time finding capital when they need or want it. “The credit markets are tight for the payments-industry space,” Jon Engleking, chief operating officer at Super G Capital LLC, said this …

Worldpay Inc. may be embroiled in combining its business with that of Fidelity National Information Services Inc., but that isn’t stopping the huge processor from seeking international expansion. Cincinnati-based Worldpay said on Wednesday it will open two new offices in Australia and has obtained a license to acquire card payments …

Merchants will be able to choose merchant services from T-Mobile US Inc. now that the wireless carrier has launched GoPoint, a new product that includes one-price processing and mobile card readers. With processing provided by Total System Services Inc. (TSYS), GoPoint is aimed at small and medium-size businesses. The service …

Apple Inc. has been working on a payment card product with Goldman Sachs Group Inc. for at least a year, and on Monday the computer company that did much to put mobile payments on the map announced the results of that collaboration. Cobranded with Goldman and running on the Mastercard …

Debit card issuers subject to the Durbin Amendment’s interchange price controls saw their average authorization, clearing, and settlement expense, excluding fraud, fall to 3.6 cents per transaction in 2017, down 54% since 2009, the Fed reported Thursday. The Durbin Amendment to 2010’s Dodd-Frank Act requires the Fed to issue a …

Avnet Inc., a technology supplier for industries as diverse as automotive, communications, energy, and wearables, quickly has found that accepting Bitcoin via BitPay Inc. is a hit, especially with the Bitcoin mining industry. Atlanta-based BitPay announced this week that Phoenix-based Avnet uses it for Bitcoin and Bitcoin Cash transactions. With …

Merchant processor Priority Technology Holdings Inc.’s fourth-quarter revenues fell by $19.5 million, a drop of 16.5%, in the face of a new Mastercard Inc. rule change tightening consumer notices on subscription billings. “This decline was being driven by one factor and one factor only,” Priority chairman and chief executive Thomas …