Monday , December 10, 2018

News

September, 2018

  • 13 September

    Eye on Apple Pay: Pay for Parking Time With an Apple Watch Tap; More iPhones With Face ID

    Consumers using PayByPhone’s app for paid parking now have another option to extend their parking time. The Volkswagen AG-owned company launched a feature for Apple Watch users to add more parking time directly from the watch without using an iPhone or visiting the meter again. The PayByPhone Apple Watch app shows …

  • 13 September

    FreedomPay Scores Lincoln Financial Field Deal and other Digital Transactions News briefs from 9/13/18

    FreedomPay, a payments provider specializing in sports stadiums and hospitality venues, announced a multiyear agreement with Lincoln Financial Field, the home stadium for the Philadelphia Eagles, to process payments at more than 300 points of sale. Revenue from so-called over-the-top content-subscription platforms will rise dramatically in part because of streamlined …

  • 12 September

    How Fraudsters Are Increasingly Harnessing Mobile Devices And Bots

    Payments officials have sensed it for some time, and now the numbers confirm it: Fraud attacks via mobile devices worldwide soared 24% in the first half of this year compared to the same period in 2017, totaling 150 million. In the United States alone, the increase was much worse, fully …

  • 12 September

    In a Heated Merchant Market, PayPal Rolls Out Funding ‘Within Seconds’ for Select Merchants

    The topic of faster payments has won plenty of publicity in recent years, but less celebrated is the mundane business of crediting merchant accounts. That’s getting faster, too, and the latest development is a service called Funds Now, which PayPal Holdings Inc. announced Tuesday. With this service, online merchants in …

  • 12 September

    Global Mobile Contactless Payments To Hit $1 Trillion by 2022, Researcher Predicts

    Mobile contactless payments are growing at a nearly 31% compounded annual rate and will exceed $1 trillion worldwide by 2022, according to a new forecast from 451 Research. The prediction is contained 451’s Global Unified Commerce Forecast, which estimates that total online commerce accounts for about 10% of purchases currently, …

  • 12 September

    Rambus Token Gateway Receives Visa OK and other Digital Transactions News briefs from 9/12/18

    Rambus Inc. announced its token gateway for e-commerce is one of the first such services to be certified by the Visa Ready program. The gateway streamlines links to the Visa Token Service to tokenize payment credentials for merchants, payment service providers, and merchants. Mobile-payments specialist Glance Technologies Inc. said its …

  • 11 September

    Bolt And BigCommerce Team Up on an Instant Checkout Service

    BigCommerce Pty. Ltd., an e-commerce platform and online shopping-cart provider, is teaming up with payments provider Bolt Financial Inc. on an instant-checkout service for online merchants. Announced Tuesday, the service is available via a plugin for BigCommerce’s platform. Austin, Texas-based BigCommerce also released its Checkout JS Software Development Kit that …

  • 11 September

    USA Technologies’ Stock Tanks on News of Contract Investigation

    Unattended payments provider USA Technologies Inc. lost a third of its value Tuesday morning on news it would delay filing its annual report while its board of directors investigates customer contracts and how business was booked. The company had until Sept. 13 to file its annual report with the Securities …

  • 11 September

    A Financial-Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

    Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …

  • 11 September

    GAO Calculates Equifax Breach Impact and other Digital Transactions News briefs from 9/11/18

    Georgia State University announced that the new Georgia FinTech Academy, a talent-development initiative involving Georgia’s 26 public institutions of higher learning, will have physical locations at Georgia State and in Atlanta’s Buckhead neighborhood. The FinTech Academy is supported by the Atlanta-based American Transaction Processors Coalition. One year after credit-reporting agency Equifax Inc. disclosed its …