Digital Transactions Authoritative, insightful and timely information for payments professionals
Virtually non-existent seven years ago, the smart phone is steadily establishing its place as perhaps the most rapidly adopted consumer electronic device in U.S. history. Some 70% of U.S. mobile subscribers—or 169 million people—owned one by the end of May, up from 66% just since February, according to the latest …
Read More »Draper Eyes Emerging Markets With Bitcoin Bounty
By Kevin Woodward Venture capitalist Timothy Draper wants to use the nearly 30,000 Bitcoins he won last week in an auction held by the U.S. Marshals Service to fund a Bitcoin trading platform targeting emerging markets, he said last week following the auction. He would not disclose the price of …
Read More »Canada’s Optimal Payments Buys Two ISOs To Gain U.S Foothold in E-Commerce Payments
With an eye on expanding its international payments capabilities, Optimal Payments Plc bought two U.S. independent sales organizations that cater to e-commerce merchants, the Montreal-based company announced Tuesday. n Meritus posted 2013 revenues of $74.4 million, and Global Merchant Advisors $8.3 million. Both company names remain in place, Lewin says. …
Read More »GoDaddy’s Get Paid Integrates Invoicing and Other Business Tools With Payments
Online domain company GoDaddy’s new Get Paid service combines payment acceptance for small businesses from up to three payment companies with invoicing and expense-management capabilities. That caters to demands from merchants wanting more than payment processing, says one industry analyst. Get Paid draws its payment data from PayPal, Stripe, …
Read More »POS Vendors Flint And Vend Link Up with Intuit for a QuickBooks Online Integration
Small businesses using Vend Ltd. point-of-sale systems and a mobile-payment acceptance app from Flint Mobile Inc. can now link payment data from these services to their QuickBooks Online accounts. Vend is a New Zealand-based company that markets a POS system that works on desktop computers, Apple computers, and the iPad. …
Read More »Hoping to Boost Volume, Dwolla Debuts A Service That Simplifies Sending Payments
Alternative payment network Dwolla Inc. has added Dwolla Direct, a method for individuals and organizations to send a payment via the network without registering for a full Dwolla account. Instead, they complete an online form that asks for an e-mail address, password, and bank account information. The process takes place …
Read More »PayPal Chief Marcus Quits, Takes Payments Expertise to Social Network Giant Facebook
EBay Inc. confirmed on Monday that David Marcus, president of its PayPal Inc. unit, is leaving to take a job at social-network giant Facebook Inc. John Donahoe, chief executive of eBay, will run PayPal until a successor is found for Marcus, who will remain at PayPal until the end of …
Read More »USA Technologies Mobilizes Its Payments Platform for a Move Into Mobile Payments
Best known for providing wireless card payments for vending machines and unattended locations such as coin laundries, USA Technologies Inc. (USAT) is challenging Square Inc. and other mobile-payments providers in a move to get more mileage out of its specialty processing system. After introducing its mobile services last year, the …
Read More »VeriFone To Cut Its Headcount by 500 as Recovery Plan Takes Shape
Point-of-sale terminal maker and payment-services provider VeriFone Systems Inc. says it will cut its worldwide workforce by 500 full-time-equivalent employees, or about 9%, by year’s end as it continues to streamline operations in a fast-changing payments market. While it will be paying $30 million in severance, the San Jose, Calif.-based …
Read More »Dwolla Adds Next-Day Transfers, Harnessing the ACH System
Dwolla Inc. is in the next-day transfer business now. The alternative-payment network announced Thursday it is offering the service for withdrawals from Dwolla accounts to its users’ bank accounts. Relying on the automated clearing house system, the transfer service is an opportunity to use an existing network while Dwolla continues …
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