If you get rich betting on a certain currency, does that make that currency real? Or must people and businesses agree to accept it as payment for goods and services? If these are the criteria for establishing whether Bitcoin is “real” or not, the 8-year-old cryptocurrency has passed the first …
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ATMIA Releases Operation Choke Point Resource and other Digital Transactions News briefs
Consumer-goods manufacturer Shinola has signed up to use the point-of-sale financing service from Affirm Inc. The ATM Industry Association released an Operation Choke Point resource kit for ATM operators. The association said ATM operators continue to receive account-closure notices despite the Department of Justice’s public statement to end the enforcement program. Merchant services provider SignaPay Ltd. released the PayLo …
Read More »High-End Merchants Look to Cash in on Wealth Effect From Run-up in Bitcoin’s Value
Bitcoin has taken a beating in recent days, but investors who bought earlier this year are still enjoying handsome returns. Now, some merchants of high-end goods are signing up to accept the virtual currency, hoping to cash in on that wealth effect. Bitcoin was trading at $3,498 early Thursday morning, …
Read More »MagicCube Prepares for a PIN-on-Glass PCI Specification Due Later This Year
In anticipation of an upcoming PCI Security Standards Council specification for enabling PIN-on-glass transactions with consumer mobile devices, MagicCube released MC-Screen Shield, a back-end technology to help secure the PIN. PIN-on-glass technology—in which the PIN is entered via a display instead of using a dedicated PIN pad—has been available for …
Read More »Larger P2P Transactions and other Digital Transactions News briefs
QualPay, a provider of cloud-based, integrated-payments solutions, launched a developer portal allowing integrators to evaluate and deploy payment services. Person-to-person payments by users of services offered by community banks and credit unions average $450, compared to $25 for users of Venmo, a popular third-party app, according to data from Malauzai Software, …
Read More »Green Dot Provides Some Details About its Role in the Upcoming Apple P2P Service
Prepaid specialist Green Dot Corp. released more details about its role in Apple Inc.’s upcoming person-to-person service in its Messages app. Apple announced the new feature in June and is expected to make it available this fall with an update to its iOS software for iPhone and iPads. Pasadena, Calif.-based …
Read More »Finally, A P2P Payments Service for Apple Pay
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and last month, the computing giant obliged. Without adding much detail, Apple announced that users of its Messages feature will be able to …
Read More »Eye on Visa: A Klarna Stake, And Checkout for Payscout’s VR Commerce App
Visa Inc. is investing in Klarna, a Sweden-based payment processor that offers retail credit options for merchants, the card brand announced Tuesday. The intent, Visa says, is to develop a “future strategic partnership,” which appears to focus on Europe, though Klarna also operates in North America. Visa says the deal …
Read More »MOBILE ORDERING: CASHING IN ON CONVENIENCE
It’s no secret that smartphones and other mobile devices are changing every aspect of our lives – not only how we connect with each other digitally, but even how we buy products offline. This creates opportunities for savvy merchants – and the payments agents that serve them. Today, consumers …
Read More »Confirming Months of Rumors, Apple Announces a P2P Service Tied to Apple Pay And iMessage
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …
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