Shoppers around the world value privacy and security most when buying online, and are most likely to abandon a shopping cart simply because they’ve changed their mind about buying the product—not so much because of factors like long delivery times or non-acceptance of preferred payment methods. These are among the …
Read More »U.S. House Committee To Hold Faster Payments Hearing and other Digital Transactions News briefs from 8/30/19
The U.S. House of Representatives’ Task Force on Financial Technology will hold a hearing Sept. 26 on “The Future of Real-Time Payments.” The task force was created in May by U.S. Rep. Maxine Waters, D-Calif., chairwoman of the House Financial Services Committee.Housecall Pro, a software platform for home-service technicians, launched My …
Read More »Stricter Visa Rules for Trial Offers and Promotions To Take Effect Next Year
The card networks’ crackdown on negative-option billing and subscriptions with free trials is continuing, with stricter policies from Visa Inc. set to take effect April 18. The updated Visa rules will follow by a year tightened rules from Mastercard Inc. on negative-option billers. These are billers who, after getting a consumer …
Read More »Discover Expands Acceptance Network and other Digital Transactions News briefs from 8/29/19
Discover Global Network signed an agreement with Credit Mutuel Arkea to allow Arkea Group merchants in France and Europe to accept Discover, Diners Club International, and allied issuers’ transactions.Ingenico Group’s e-commerce division, Ingenico ePayments, said it will provide payments services to Yoozoo Games, a game development and distribution company.Barclaycard, a unit of …
Read More »Why Mobile Payments Don’t Deliver for Merchants
Mobile payments so far account for a mere 2% or less of U.S. general-purpose card payments, according to some estimates, and that’s no surprise to some executives who believe mobile payments haven’t delivered for many merchants. “I don’t think anyone in the market is solving problems for the retailers,” Laura …
Read More »COMMENTARY: Visa Next’s Installment APIs Solve Only Part of the Problem
Following Klarna’s recent raise of $460 million looking to expand its payments presence in the United States, and Mastercard Inc.’s recent acquisition of Vyze, the consumer-finance space is heating up with the big players of the finance world entering the arena. It is a further indication of the importance of easily …
Read More »Shift4’s New Tableside Device and other Digital Transactions News briefs from 8/26/19
Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …
Read More »Wisconsin May Consider Requiring Cash Acceptance and other Digital Transactions News briefs from 8/23/19
Despite very few stores in Wisconsin refusing to accept cash payments, a member of the state Assembly recently introduced a bill that would require merchants to accept cash for face-to-face purchases, the Milwaukee Journal-Sentinel reported. The bill would impose fines of $200 up to $5,000 for violations. Similar proposals have passed or are pending in …
Read More »Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami
Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …
Read More »Bank App with P2P Payments Debuts and other Digital Transactions News briefs from 8/22/19
N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …
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