Digital Transactions Authoritative, insightful and timely information for payments professionals
Google Inc.’s latest foray into mobile payments made its way to the public Thursday when the technology giant announced the release of Android Pay. Available only on smart phones and tablets enabled for near-field communication (NFC) and using the KitKat4 or later operating system, Android Pay enables consumers to load …
Read More »AmEx’s Deal With Sam’s Club Will Only Partially Fill the Costco Hole
American Express Co. soon will be accepted at Sam’s Club, the membership-club division of Wal-Mart Stores Inc. The new deal will open more than 650 warehouse stores with thousands of big-spending customers to AmEx, but it still will fall short of filling the big hole that the warehouse-club sector’s biggest …
Read More »Marketing Strategies Can Help Lower Merchant-Acquisition Costs for ISOs
How much does it cost to acquire a merchant? On average, $693. That’s the word from Adil Consulting, an Omaha, Neb.-based firm specializing in merchant acquiring. That figure, as an average, is highly influenced by a number of variables, Adil Moussa, principal, tells Digital Transactions News. Banks, for example, have …
Read More »Facing Heavy Mobile Usage, Online Retailer Zulily Adopts In-App Apple Pay
Online-only retailer zulily Inc.’s decision to add Apple Pay as an in-app payment option is about making it easier for consumers to shop and pay on a small screen, the women’s and children’s clothing retailer says. The in-app variation of Apple Pay relies on the Touch ID sensor built into …
Read More »Under Payments Vet Averett, AcceptEmail Brings Email-Based Bill Pay to the U.S.
AcceptEmail Inc., an Amsterdam-based bill-payment company, is bringing its service to the United States, and has hired a former bill-payment executive to head its North American efforts. Demand for faster payments and the ability to make mobile bill payments aids AcceptEmail’s North American push, says Peter Kwakernaak, chief executive of …
Read More »Country Music Singer Hopes To Shed the Blues Through Mobile Payments
An unlikely panelist showed up Wednesday at the Fall 2015 Mobile Payments Conference in Chicago: country music singer and songwriter Rick Monroe, who urged his listeners to get down and get to work on apps that can help musicians sell songs and merchandise. “Mobile has become a way for artists …
Read More »U.S. EMV Conversion Once Again Gives a Big Lift to VeriFone’s Revenues
With much of its international business under pressure because of the strong U.S. dollar and weak economies in many countries, VeriFone Systems Inc.’s North America region once again proved to be the point-of-sale hardware and payments software provider’s saving grace. Powered by the U.S. conversion to EMV chip card payments, …
Read More »After Overstock, Klarna Looks To Add 50 to 60 U.S. Merchants By Year’s End
By Kevin Woodward Klarna, a Sweden-based payments company that enables consumers to take 14 days to pay for online purchases, says its deal announced Tuesday with Overstock.com is the first of many it expects to make with e-commerce retailers this year. Retailer Overstock.com sells a broad range of merchandise, and …
Read More »Looking Past Transaction Fees, Dwolla White-Labels a Quartet of API Functions
When Dwolla Inc. in June eliminated its 25-cent transaction fee, it said it intended to make money by launching value-added services that would leverage the network technology it had created. On Wednesday, it launched the latest chapter in this plan with a white-label service that lets banks, businesses, and government …
Read More »The New PayPal.Me Makes P2P Payments Personal
PayPal Holdings Inc. is jumping into the free personalized person-to-person payments game with the launch of PayPal.Me. Announced Tuesday, PayPal.Me enables consumers to create personalized permanent links to share with others. When clicked, the links then present a Web page for senders to select the amount and the payment …
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