Digital Transactions Authoritative, insightful and timely information for payments professionals
A Federal Bureau of Investigation report warning that criminals could use the electronic currency Bitcoin for money laundering and other illicit activities does not reflect the majority of activities for which the currency is actually used, a Bitcoin developer tells Digital Transactions. “Asking Bitcoin if they have a response to …
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Cover Story
Annual Field Guide to Alternative Payments You’ll need a fair amount of memory on your hard drive to keep track of all the comings and goings in the bubbling world of alternative payments. By now, our Field Guide to Alternative Payments needs no introduction. It’s one of our most popular …
Read More »Strategies: Why Payments Startups Fail
Eric Grover Low acceptance costs, convenience, and security aren’t enough. As this global review of would-be PayPals and Visas shows, startups need a clear path to a mass of users. With the advent of mobile payments, we read almost daily about new payments startups. And this avalanche of startups follows …
Read More »PCI Council Defends Vulnerability Rule Against Oracle Security Chief’s Attack
In the wake of an unusual public outburst by a top security officer at software giant Oracle Corp., the Payment Card Industry (PCI) Security Standards Council issued a statement on Thursday to Digital Transactions News defending a little-known rule that requires vendors to disclose security holes in their software. …
Read More »Google Seeks to Bolster Prepaid Capabilities for Its Wallet with Deal for TxVia
Google Inc. on Monday thrust itself into the prepaid processing business with its acquisition of TxVia Inc., a 5-year-old processor based in New York City. The deal, which apparently closed immediately on undisclosed terms, allows Google to take over technology and network connections that could prove useful as it struggles …
Read More »Trends & Tactics
A Look at Durbin’s Early Impact Things went pretty much according to script in the first three months of Durbin Amendment debit card price controls. Debit market leader Visa Inc. got dented while MasterCard Inc. picked up speed. Visa chairman and chief executive Joseph Saunders predicted that the slowdown Visa’s …
Read More »E-Commerce: Where Cash Isn’t King—But Could Be a Prince
Historically, the payments industry has ignored the fact that not everyone who shops online has a credit or debit card. With a handful of startups providing cash processing for online transactions, that’s no longer the case. By Karen Epper Hoffman No matter how much credit and debit cards have come …
Read More »Cover Story: Don’t Fence Me in
Though aimed mainly at debit cards, the Durbin Amendment corrals prepaid cards in a number of ways, as well. Will the restrictions choke off growth in this thriving business? By Linda Punch When the Durbin Amendment passed, major financial institutions issuing prepaid cards thought they had dodged the proverbial bullet. …
Read More »As Payments Boom for Facebook, Competition Could Cut into Revenues
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Read More »Trends & Tactics
Virtual Currencies: Bust-Out Ahead? Witness the recent travails of the euro if you want proof of how hard it is for any new currency, even a physical currency backed by multiple governments, to attain and retain widespread usage and acceptance. The obstacles blocking the new breed of electronic currencies from …
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