Digital Currency

Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …

When the price of Bitcoin spiraled to dizzying heights last year, so did its costs for those who wanted to exchange the digital currency rather than hoard it. Places that accepted Bitcoin, some of them for years, announced they would stop taking it. Since December, Bitcoin’s price has famously slid …

New York’s comptroller, who oversees the state’s public pension funds, last week sent letters to the four general-purpose card networks, three of the nation’s biggest banks, and First Data Corp. and Worldpay Inc. asking them to assess whether gun sales should be considered restricted high-risk purchases, Bloomberg reported. New York’s letter comes …

Lately, the cryptocurrency craze has raised any number of questions, but probably the most pressing one for the payments business is whether any of these hundreds of tokens can ever succeed as an actual payment device. But while fluctuating trading values plague all of the digital currencies, one stands out …

NXT-ID Inc., a provider of authentication and contactless-payment technology, reported on Monday that its revenue tripled last year compared to 2016 while its adjusted earnings before interest, depreciation, taxes, and amortization swung positive. The Melbourne, Fla.-based company is best-known in the payments market for its Fit Pay Inc. unit, which …

The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …

JetPay Corp. reported a 15% year-over-year increase in fourth-quarter 2017 revenues to $19.9 million. The payment and payroll processor posted a net loss of $3.9 million, including $2.87 million in accretion of convertible preferred stock. Shift4 Payments said more of its payments services are available to users of ResortSuite, a …

In a mashup of the Internet of things and cryptocurrency, authentication and data-security firm WiseKey International Holding Ltd. announced Thursday that it has developed a payment service for IoT-connected devices and its own WiseCoin. Geneva, Switzerland-based WiseKey said it has tested the system, dubbed IoT CryptoCurrency Smart Payment, on a …

Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …

With digital currencies booming in popularity over the past year or so, the security of the digital exchanges that convert users’ fiat money into cryptocurrencies like Bitcoin is coming into clearer focus—and the picture isn’t consistently pretty, according to a survey released this week. Some popular exchanges allow users to …