Digital Transactions Authoritative, insightful and timely information for payments professionals
As mobile-payments strategists struggle with clunky checkouts that lead to abandoned sales, a startup based in Albuquerque, N.M., is seeing dramatic early success with a 3-month-old solution that allows consumers to buy products from e-mail messages with a pair of clicks. The company, @Pay LLC, has signed up more than …
Read More »With EMV Looming, Fears of Rising Online Fraud Will Drive Biometrics, Expert Says
Biometric authentication will be in widespread use by financial institutions and online merchants by 2015, a payments-security expert predicts. “We’re at the threshold, it’s going to be common in the next year or so,” Al Pascual, a senior analyst at Javelin Strategy & Research, tells Digital Transactions News. Pascual forecasts …
Read More »PayPal’s Latest T-Commerce Deal Offers Potential to Reach More Than 80 Million Households
PayPal Inc. this week struck a deal that offers the San Jose, Calif.-based processor the potential to reach TV viewers in more than 80 million U.S. households. The deal, with San Francisco-based commerce-platform vendor Delivery Agent Inc., furthers PayPal’s recent push into the nascent market for so-called T-Commerce transactions, or …
Read More »Square Fills an Online Gap with Its New Square Market E-Commerce Service
Mobile-payments processor Square Inc. on Wednesday moved to fill a gap in its product lineup by introducing Square Market, an e-commerce service for small U.S. merchants. Square Market publishes a merchant’s Web pages at no charge, doesn’t charge for listings, and charges a straight 2.75% of the sale for a …
Read More »Banks’ ‘Shift in Priorities’ Leaves Secure Vault Payments in the Lurch
n n n n n n n n n n n n n n n Merchant pricing is 0.9% of the sale plus 30 cents, which Gonthier says is only about one-third the cost of a credit card or PayPal Inc. transaction.
Read More »Nearly a Year Later, Small Sellers Still Stumble over Mobile
While more and more consumers are using mobile devices to access e-commerce sites, few small merchants have made their sites easy to navigate and buy from, according to research released this week. Indeed, mobile optimization—making sure a site loads quickly and renders checkout forms that are easy to read and …
Read More »Chirpify Widens Its Payments Reach As It Seeks Social-Commerce Data
The move will allow Chirpify members to pay merchants and each other on the Twitter, Facebook, and Instagram social networks with American Express, Discover, MasterCard, and Visa cards or with ACH transfers. It also propels the fledgling Portland, Ore.-based company further into the fast-growing world of social commerce, where companies …
Read More »Google Checkout, Once a PayPal Rival, Will Shut Down in Six Months As Google Pushes Wallet
The nearly 7-year-old Google Checkout online payment service, once touted as a rival to PayPal, will cease operations in November, Google Inc. announced in a blog post on Monday. In the post, online-search kingpin Google Inc. says it is “retiring” Checkout as part of a “transition to Google Wallet,” …
Read More »With ‘Chunky’ Deals in the Works, Vantiv Has High Hopes for its Litle E-Commerce Unit
Transaction volume at electronic-commerce processor Litle & Co. grew 39% in the first quarter, Litle’s new owner, Vantiv Inc., reported late Monday. Vantiv, a big merchant and card-issuer processor based near Cincinnati, said Litle contributed only one or two percentage points of Vantiv's 23% increase in merchant transactions from …
Read More »MasterCard’s CEO Takes Issue with the ‘Wrong Noise’ About the Network’s Digital-Wallet Fee
MasterCard Inc. chief executive Ajay Banga on Wednesday downplayed the company’s controversial digital-wallet fee and said critics had been generating the “wrong noise” about the pending fee. Banga’s comments came during the No. 2 payment card network’s first-quarter conference call with analysts, when Banga also said U.S. consumer spending …
Read More »