Tuesday , December 11, 2018

Mobile Commerce

Stock Downturn Ensnares Some Payments Companies and other Digital Transactions News briefs from 11/20/18

The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …

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Worldpay Says Plastic Still Dominates Online Sales, But Mobile Wallets Are Catching up Fast

U.S. consumers have made the credit card their favorite online and face-to-face spending method, with 31.5% using it online and 40% choosing it for in-store transactions last year, according to the Worldpay Global Payments Report 2018. Released late last week, the report also found that debit cards and digital wallets, …

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SignaPay’s Cash Discount App for Agents and other Digital Transactions News briefs from 11/16/18

Payments provider SignaPay released a mobile app for Apple and Android devices called PayLo Mobile Sales to help sales agents selling the PayLo Cash Discount product. Installment-payments provider Sezzle said it raised $100 million in funding from Bastion Capital. Since launching the service more than a year ago, Sezzle says …

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BigCommerce Gives a Lift to Venmo’s Commerce Strategy As It Adds the P2P Service And Masterpass

The e-commerce platform BigCommerce Pty Ltd. on Wednesday announced two new supported payment methods, including PayPal Holdings Inc.’s Venmo service. With the addition of Venmo, Austin-based BigCommerce gave a big lift to PayPal’s strategy  to find revenue for what has been a fast-growing but free peer-to-peer payment service, though merchant pricing …

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Sionic Mobile Announces Single Account Service and other Digital Transactions News briefs from 11/14/18

Sionic Mobile, a provider of payment and rewards technology, announced a single account through which users can pay a range of providers through mobile devices or in-car commerce. Gas Pos, which sells EMV-acceptance services to fuel retailers, announced a $1 million investment from Merus Capital, a venture-capital firm. Bluefin Payment …

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More Consumers See Smart Phones As Crucial Shopping Tools, Though Their Payment Use Lags

As the holiday shopping season swings into gear, look for more consumers using their smart phones for shopping—but not so much for making a mobile payment, says GfK, a Germany-based consulting firm, in its latest FutureBuy research. Forty-five percent of all U.S. consumers rank mobile devices, including smart phones and …

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Cequence Security Joins the Anti-Bot Battle

With malicious bots bombarding the Web, tech vendors are adding services to shield banks, retailers, and other firms with data behind login pages from the onslaught. The newest is Cequence ASP from Cequence Security, which the Silicon Valley firm says detects and ends attacks through a variety of automated techniques. …

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Fed Forms Faster Payments Council and other Digital Transactions News briefs from 11/13/18

The Federal Reserve formally announced the creation of the U.S. Faster Payments Council, an industry organization intended to promote the adoption of secure faster-payment systems through industry collaboration and education. The 22 founding members include payment card networks, banks, Walmart Inc., and automated clearing house network governing body NACHA. The group is …

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JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18

Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment …

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PayFacto Debuts With an Eye on Merchants, Payfacs, and Gateway Services

PayFacto Inc., the new name for a combination of what had been three separate companies, launched with a mission to cultivate merchants with a trio of payments services. Montreal-based PayFacto is the result of combining B2Billing, CT-Payments, and Supreme Payments. Each of the Canadian firms had different specialties that PayFacto …

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