Digital Transactions Authoritative, insightful and timely information for payments professionals
Visa Inc. on Thursday delivered a rebuke to the Department of Justice’s antitrust lawsuit attempting to block its $5.3 billion acquisition of Plaid Inc., calling the lawsuit “legally flawed and contradicted by the facts.” The Department of Justice, which had filed the suit hours earlier, charges that Visa’s deal for …
November, 2020
October, 2020
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23 October
ExxonMobil Deploys QR Codes And NFC Tags for Streamlined Mobile Payment at the Pump
Petroleum giant ExxonMobil Corp. is adding QR code and near-field communication-enabled tags to its fuel pumps for consumers using Apple Pay or Google Pay. ExxonMobil says more than 11,500 U.S. Exxon and Mobil stations will have the tags by year’s end. Users can hold their iPhones or Android phones against …
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23 October
‘We Hope the Worst Is Behind Us’ Says AmEx’s Boss As the Company Shows Signs of a Comeback
As the economy registers a tentative recovery from the deep recession caused by Covid-19, payments networks are doing likewise. This is probably no more true than with American Express Co., whose concentration in the travel-and-entertainment market caused the company’s financials to nosedive earlier this year as the pandemic grounded airlines, …
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20 October
QR Codes Reach the Next Stage of Development for Payments: Fraud Detection
With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud. The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and …
September, 2020
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30 September
Square Promotes QR Codes for Eateries As the Contactless Technology Gains a U.S. Payments Footing
Square Inc.’s announcement Tuesday of its new QR code service for restaurants helps bring the contactless technology into the limelight, but it’s only the latest in a string of moves payments providers have made in recent months to position the barcode as a payments enabler. In Square’s scenario, eateries that …
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29 September
After Months of Preparation, Amazon Launches Its Palm-Payment Technology
Amazon.com Inc.’s venture in letting consumers pay with the palm of their hand officially launched Tuesday at two Amazon Go stores. But the retailing giant’s latest payment technology could face an uncertain future even as stores struggle with how to introduce contactless methods in the face of the Covid-19 pandemic. …
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25 September
Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show
Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …
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23 September
Third-Party Processors Are Starting to Pay off for TCH As It Seeks to Expand Real-Time Payments
Getting to universal real-time payments in the United States will depend on reaching smaller banking institutions, and on Wednesday The Clearing House Payments Co. LLC may have created the potential to scoop up a significant number of these endpoints via a deal with the major processor FIS Inc. The two …
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21 September
Paya Expands Its Government Unit With an Acquisition of The Payment Group
Payments provider Paya Inc. has signed an agreement to acquire The Payment Group (TPG), a provider of integrated payments to utilities and government. TPG’s software allows consumers to digitally pay their court and utility bills. Terms of the deal, which is expected to close in October, were not disclosed. As …
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18 September
EVO’s Turn to Visa Direct Casts a Spotlight on the Potential for Real-Time Merchant Settlement
Real-time payment flows are coming to processor settlements with merchants as Visa Inc. enlarges the market for its Visa Direct push-payment service. The latest development emerged this week with EVO Payments Inc.’s launch of EVO Direct Deposit, a service that relies on Visa Direct to credit U.S. merchant accounts. The …
