Tuesday , December 11, 2018

Transaction Processing

An Integrated Payments Strategy Is Paying Off for TSYS

An integrated payments strategy appears to be paying off for processor Total System Services Inc. (TSYS). The Columbus, Ga.-based company says it signed 45 new integrated payments partners in the second quarter. “Coupled with a strong pipeline of software providers across a diverse set of verticals, we believe this high-growth …

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More Merchants, Not So Much Spending: A Mixed Report on Insider Sentiment on Crypto

When it comes to the potential for Bitcoin and other cryptocurrencies to be a real-world payment method, users, investors, and blockchain executives have a somewhat mixed view on the matter. Asked whether they think more merchants will start accepting crypto this year, 49% agree and 23% strongly agree that they …

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Drone Pay Makes an Appearance on the Payments Radar, but Can It Fly?

Payment processor Worldpay Inc. said Tuesday that it is testing what it calls Drone Pay, a payment system for drone-based package deliveries. “Worldpay’s Drone Pay proof of concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person …

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CardSavr Gets Voice Update and other Digital Transactions News briefs from 7/25/18

Switch Inc., whose CardSavr application programming interface allows cardholders to manage card-on-file transactions and updates, said it is merging its technology with voice technology to make it possible for consumers to inquire about and update payment data with merchants via voice command. Custom Business Solutions Inc., a reseller of the …

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eBay Adds Apple Pay Acceptance And Square Capital As It Unwinds Its PayPal Connection

Marketplace giant eBay Inc. will add Apple Pay acceptance for consumers and access to merchant funding via Square Inc.’s Square Capital this fall as the San Jose, Calif.-based company works on managing its own payments system. EBay is disengaging from payment services provided by PayPal Holdings Inc. In January, PayPal …

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China’s Alipay Comes to More Than 50 Guess Stores As the Payment Service’s U.S. Expansion Continues

Alipay, the China-based mobile and online payments service, has been active over the past year signing up U.S. merchants, and on Tuesday it announced its latest addition: apparel seller Guess? Inc., which will accept Alipay at more than 50 of its stores in New York City, Las Vegas, and California, …

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Many Consumers Shun P2P Payments To Avoid Fees, Though Few Services Charge Them

The impending demise of Snap Inc.’s Snapcash service comes at a time when peer-to-peer payment services are growing rapidly, but many consumers still remain hesitant to use them. Some of these consumers are confused about pricing, new findings from Fiserv Inc. suggest. Fiserv, a Brookfield, Wis.-based financial-institution processor, on Monday …

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Carr’s Beyond Makes Acquisition and other Digital Transactions News briefs from 7/24/18

Beyond, the payments company started by Robert O. Carr in 2017, purchased Boosterville for an undisclosed amount. The company provides a service that connects nonprofit organizations with local merchants. Boosterville has been rebranded Chip-In. Visa Inc. and wire-transfer provider MoneyGram International Inc. said they teamed up to enable cross-border remittances using …

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Snap Will Pull the Plug on its Snapcash P2P Service

The crowded peer-to-peer payments market will soon become a little less crowded with the impending demise of Snap Inc.’s Snapcash service. Snapcash, which runs on Square Inc.’s P2P payments technology, will end Aug. 30, according to TechCrunch. The Silicon Valley news service said over the weekend that it discovered a …

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Cryptocurrency ‘Has Legs,” Payroc Says, So It’s Moving Toward a Merchant Acceptance Rollout Later This Year

Issues like price volatility, pokey transaction times, and sheer reputational risk have left many processors and independent sales organizations on the sidelines when it comes to cryptocurrency acceptance. Many, but not all. The latest entrant, and the largest so far, in this nascent market is Payroc LLC, which later this …

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