Friday , July 20, 2018

E-Commerce

A Visa-Sponsored Report Lays Out the Costs of a Cash-Based Economy

Payments gurus for years have touted benefits like faster transactions, improved security, and associated rewards when it comes to mobile payments. Now a study released Tuesday indicates converting off-the-books cash payments to digital methods could also boost a nation’s gross domestic product and augment the flow of tax revenues to …

Read More »

Co-Op Financial Services Debuts Cardless Cash Access and other Digital Transactions News briefs from 7/17/18

Co-Op Financial Services said it is adding cardless ATM transactions to its roster of services for credit unions. Dubbed Cardless Cash Access, the service is available on Diebold Nixdorf and NCR ATMs within the Co-Op ATM Network that are managed using the Co-Op Terminal Driving program. Hyperwallet, whose technology enables …

Read More »

PPRO Raises $50 Million in an Expansion Bid

Cross-border payment specialist PPRO Group raised $50 million in a funding round led by PayPal Holdings Inc., Citi Ventures, and HPE Growth Capital, the London-based company announced Monday. The funds will be used to expand internationally, including the United States, where it opened an Atlanta office earlier this year. PPRO …

Read More »

Worldpay To Roll Out Mastercard’s Pay by Bank App for E-Commerce in the U.K.

Payment processor Worldpay Inc. said it will bring Mastercard Inc.’s Pay by Bank mobile and online payment application to its United Kingdom merchants in early 2019, and also will use other Mastercard digital services. Launched in 2016 by London-based payment-technology developer Vocalink, which Mastercard acquired in May 2017, Pay by …

Read More »

Eye on Cryptocurrencies: CheapAir Lands a New Provider; Payroc Joins the Ranks of Crypto ISOs

Online travel agency CheapAir.com says it has found a workaround that will let it continue to accept cryptocurrency, and Payroc LLC has become the latest payments provider to offer crypto to merchant clients. Calabasas, Calif.-based CheapAir notified customers on Friday that it has found a new provider for Bitcoin acceptance …

Read More »

A Facebook Patent Filing Lays Out a Method to Streamline Bot-Based Payments on Messenger

Facebook Inc. enabled payments via so-called chatbots back in 2016, and now the massive social network is acting to standardize and streamline consumers’ use of the digital gadgets on sellers’ pages. The United States Patent And Trademark Office published on June 28 an application from Facebook for a method for …

Read More »

Following Its Big June IPO, Adyen Continues To Surge

Does it pay to bet on payments? If the bet is on Adyen N.V., it pays handsomely so far. The Dutch processor and payments gateway is showing no signs of slowing down since its initial public offering nearly four weeks ago. The stock, which trades on the Euronext Amsterdam exchange, …

Read More »

Google Pay Adds P2P And Mobile-Ticketing Features, But Google Pay Send Still Lives

Two previously announced features—support for person-to-person payments and a new tab for storing mobile tickets—went live Tuesday in Google Pay, Alphabet Inc.’s online and mobile-payments app. The first is a peer-to-peer payment capability, formerly known as Google Wallet, that allows users to pay or request funds from other persons. This …

Read More »

BJ’s Wholesale Club Now Accepts PayPal and other Digital Transactions News briefs from 7/9/18

Macy’s Inc. disclosed that criminals were able to breach sensitive data on Macys.com, the Detroit Free Press reported. Citing a letter sent to customers, the newspaper said Macy’s detected suspicious activity on June 11. The retailer then blocked customer profiles that appeared to be breached. Hackers were able to get …

Read More »

Many Merchants Still Lag in Meeting a Critical PCI Data-Protection Requirement

Now that the PCI Security Standards Council’s July 1 deadline has passed for implementing newer versions of Transport Layer Security technology to protect payment data, some experts believe nearly a third of small brick-and-mortar and e-commerce merchants don’t meet the new requirements. As a result, expect merchant acquirers, processors, and …

Read More »