Digital Transactions Authoritative, insightful and timely information for payments professionals
Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …
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Why Transit Is Boarding the Mobile-Payments Train
Public-transportation agencies increasingly are turning to mobile-ticketing apps to attract riders and lower fare expenses. Mass-transit riders once read newspapers as they commuted to work. But hop on any commuter train, subway, or bus nowadays and youäó»re more likely to see passengers using smart phones to read news reports, listen …
Read More »How Regulation Will Reshape the Prepaid Game
New rules coming from the CFPB and other regulators will likely lead to exits and consolidation among players, says Ben Jackson. Itäó»s February, and by the end of the first quarter the rules of the prepaid game likely will change. Looming regulations at both the federal and state level likely …
Read More »The New Technology of Money
Humor me. Take a $20 bill out of your wallet, hand it to me, thank you very much, and then walk into a store and use the same twenty to pay for merchandise. Can you do this? Yes, you can. It is simpler than you think, and perfectly legal! This …
Read More »Royal Canadian Mint Sells Digital-Currency Platform MintChip
Toronto-based loyalty-services and payments start-up nanoPay Corp. has acquired the MintChip digital-currency platform from the Royal Canadian Mint, the organizations announced Tuesday. The purchase price wasn’t disclosed, but nanoPay says it could be revealed at a later date. MintChip gained fame in 2012, just as Bitcoin and other virtual currencies …
Read More »Groceries, Drug Stores, C-Stores Yawn at Mobile Payments, Focus on E-Commerce
By John Stewart What kind of technology are grocery stores, drug stores, and convenience stores most interested in? Not mobile payments, at least not right now. That’s the conclusion of the Los Angeles-based Center for Advancing Retail & Technology LLC, which operates an online marketplace of retail solutions for merchants …
Read More »ACI Study Suggests the Heralded Increase in Online Fraud Attempts Is Happening
Veterans of the e-commerce, risk-control and payment card industries all have been predicting that fraudsters will turn their attention to card-not-present channels as the U.S. shifts to EMV chip card payments and thus makes counterfeiting at the point of sale harder to commit. Now a new study by ACI Worldwide …
Read More »For Visa, Electronic Payments Produce a River of Cash
Visa Inc. may be in the business of credit and debit cards, mobile wallets, tokenization, EMV chips and virtually anything involving electronic payments, but its latest financials tell the real story—it’s all about cash. On a day dominated by news of its pending $23 billion takeover of Visa Europe, Visa …
Read More »How MCX’s Deals with Chase Pay And BIM Networks Help Fill a Tender Gap in CurrentC
With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks …
Read More »Blockchain Technology Enables Uphold To Offer Free Money-Exchange Services
With a mission to offer as many free, or cheap, money-exchange services as possible, Uphold, a virtual funds and commodity platform, on Wednesday launched the first of a four-phase effort to expand its reach among consumers, merchants, charitable organizations and software developers. Uphold, the new name of Bitreserve, an …
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