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 …
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With the introduction of transactional capability on smart watches and fitness trackers like the Apple Watch and Fitbit, the payments industry has eyed wearable devices as a field laden with potential for growth. Just how much growth came into focus this week with new figures and projections from International Data …
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XCore Technologies, a component maker for card manufacturers, introduced a technology that it said eliminates issues when making a contactless payment using a metal card. TruRating Ltd., a technology company specializing in point-of-payment customer feedback services, announced it has joined the app marketplace of point-of-sale terminal maker Poynt. In an …
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Blockchain start-up Lightning Labs raised $2.5 million in seed financing from investors that included Jack Dorsey, the CEO of Square Inc. and Twitter Inc., CNBC reported. Lightning Labs is developing technology that it says will make Bitcoin transactions faster and cheaper. The Square Cash app supports Bitcoin. BlockCypher, a blockchain …
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Some experts may dismiss cryptocurrency as impractical for retail payments, but at least one independent sales organization is doubling—make that tripling—down on crypto for merchant acceptance. Fort Lauderdale, Fla.-based Aliant Payment Systems Inc. last week launched programs for Ether and Litecoin to go along with one for Bitcoin that it …
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Payments provider First American Payment Systems said its payment-processing services are now available to merchants using the Apptizer Order Ahead Mobile App from developer Apptizer Inc. ATM deployer Payment Alliance International said it and multicurrency payment processor Planet Payment Inc. extended a multiyear contract for dynamic currency conversion at PAI’s …
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Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine. Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices. Payments provider Century Business Solutions …
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Mobile-payment and -loyalty provider LevelUp announced an integration with Gusto Point of Sale, a vendor of Web, kiosk, and mobile technology for restaurants. Under a settlement between the Federal Deposit Insurance Corp. and The Bancorp Bank, the prepaid card issuer is to pay a $2 million fine and nearly $1.3 …
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Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …
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The cryptocurrency world often gets feverish upon news that an established power in payments or financial services has turned its attention to matters of Bitcoin or its cohorts. Such was the case Monday when reports surfaced that PayPal Holdings Inc. had applied for a patent for a so-called “expedited virtual …
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