Digital Transactions Authoritative, insightful and timely information for payments professionals
Digital wallets, especially when used for mobile commerce, are gaining increasing favor among consumers, finds a report from the Adobe Digital Index, a research unit of Adobe Systems Inc., which carries implications for acquirers and payment gateways. In a survey of 400 U.S. consumers, Adobe found that the number …
Read More »Mobile Commerce To Peak On Thanksgiving: Adobe
Consumers are expected to use their smart phones and tablets to do more than check prices this holiday season. More of them expect to make mobile-commerce purchases—forecasted to reach $1.6 billion on Thanksgiving Day, Black Friday, and Cyber Monday— finds the Adobe Digital Index, a research service from Adobe …
Read More »Airport Renovation Includes iPads Where Passengers Can Spend Airline Miles
Before the emergence of Bitcoin and other such alternative currencies, people collected and traded airline miles. Many still do, which is what United Airlines and OTG Management, an operator of restaurants in 10 North American airports, are counting on. The two companies on Monday announced holders of United frequent-flyer miles …
Read More »While Google Wallet Is Ditching Digital Goods, It’s Likely to Stick with Other Markets
Google Inc.’s decision to kill its application programming interface for digital-goods sales may have more to do with the expense and complexity of the market than with any underlying strategy to retreat from the digital-wallet business overall, experts say. Google on Thursday announced it will shut down the 2-year-old API …
Read More »Survey Pinpoints Arizona City As Top Chargeback Location As ‘Friendly Fraud’ Continues to Plague Online Retailers
Want to know where the chargebacks are coming from? Chargebacks911 has ranked the top five U.S. cities in terms of chargeback rates, placing a ZIP code in Show Low, Ariz., with a 2.2% rate, at the top. The study of 500,000 chargebacks of e-commerce transactions made in 2013 indicates …
Read More »MasterCard To Expand Its DataCash Gateway Services With TNS Acquisition
By Jim Daly MasterCard Inc. announced Thursday that it has a deal to buy gateway businesses from TNS Inc. that will expand the global footprint of its DataCash e-commerce subsidiary. Terms of the deal, which is expected to close by year’s end, were not disclosed. The sale includes two units …
Read More »Eye on E-Commerce: Jumio Debuts M-Commerce Service; Flint Offers Online Payment Service
Two payment-services companies have separately introduced services designed to make it easier for merchants and consumers to engage in e-commerce and mobile commerce. Payments-and-authentication-services provider Jumio Inc.’s newest service aims to make it easier for consumers to shop using smart phones and tablets. Palo Alto, Calif.-based Jumio says its …
Read More »While Smiling on NFC, eBay’s CEO Raises Possibility of PayPal-Apple Pay Link
EBay Inc. chief executive John Donahoe on Wednesday appeared to open a door for PayPal Inc. to serve as a funding source in Apple Inc.’s new Apple Pay mobile-wallet service and to adopt near-field communication to link mobile devices with merchant points of sale. Without saying whether PayPal is actively …
Read More »Separation from PayPal Will Likely Free eBay to Add Wider Range of New Payments
One implication of the breakup of PayPal Inc. and its parent company eBay Inc., announced by eBay earlier this week and planned for next year, is that eBay will likely be free to add a slew of alternative-payment methods for sellers to accept on its online marketplaces. For years, eBay …
Read More »In an About Face, eBay Announces It Will Spin off PayPal Next Year
Somewhere, Carl Icahn is smiling. Ebay Inc.’s top management announced early Tuesday that the online auction pioneer is beginning preparations to spin off its PayPal Inc. unit some time in the second half of next year in a transaction that will result in eBay and PayPal operating as two independent, …
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