Digital Transactions Authoritative, insightful and timely information for payments professionals
The arrival of technology companies and other new players in the payments business has left merchant processors scratching their heads over how to work with these emerging brands. Companies like Apple Inc., which has the potential to change both consumer and merchant behavior, have sent independent sales organizations scrambling to …
Read More »Boku Emboldens Mobile Carrier Billing Position With mopay Acquisition
San Francisco-based Boku Inc. has bought mopay Inc., bolstering its position among carrier billers, Boku announced Tuesday. Germany-based mopay, with a U.S. office in Palo Alto, Calif., says it processes more than 5 million monthly transactions and works with more than 400 mobile operators. Boku has built connections to …
Read More »COMMENTARY: Make No Mistake, Apple Pay Is the Great Enabler of Mobile Payments
By Nate Stewart. Zing Apple Inc. has finally entered the mobile-payments game, and yes, it’s a big deal. The reaction, though, has been veering toward the negative aspects of Apple’s move and how it could hurt different industry players. The reality is quite the opposite. Apple has just become the …
Read More »Research Finds That As Payments Get More Complex, So Do Security, Regulatory Issues
Wal-Mart Stores Inc.’s announcement this week that it will be offering checking accounts to consumers through Green Dot Corp.’s GoBank mobile-banking services reopened old fissures between banks and non-banking companies over offering financial services to consumers, fissures that radiate out to the topic of payments security. At the Federal Reserve …
Read More »Two Payments Companies Target Improving E-commerce and M-commerce Conversion Rates
Frustration with typing in a 16-digit payment card number on a smart-phone screen leads to a lot of lost sales for e-commerce merchants. It’s a problem that two payments companies, offering different products, say they can help with. Making its U.S. debut first is PayItSimple USA Inc., an installment-payment service. …
Read More »How Smoothie King’s King-Size iPad Play Could Open the Gates for Tablet POS
In what appears to be the largest tablet-based point-of-sale deployment yet, the entire 700-store Smoothie King Franchises Inc. chain will convert to a system from San Francisco-based Revel Systems Inc. The Covington, La.-based chain, which sells blended drinks, snacks, and supplements, is replacing existing checkout registers with Apple iPads linked …
Read More »Cobrin Steps Aside As AnywhereCommerce CEO to Focus on a New Cloud-Based Gateway
Mitch Cobrin, who has run AnywhereCommerce Inc. as chief executive for the last four-and-a-half years, has stepped aside for a new chief executive but will continue at the company in the role of founder, board member, and “chief catalyst,” he tells Digital Transactions News. The management change comes as the …
Read More »More Small Businesses Use Mobile Devices for Payments, Raising Security Issues
More than a fifth of small and mid-sized businesses use mobile devices to accept payments, almost twice the rate of mobile acceptance two years ago, but all too few of those businesses are concerned about payment security, according to new findings from ControlScan Inc. According to the survey of 6,186 …
Read More »Most Smart Phones Expected To Be NFC and Mobile Wallet Enabled by 2015, Says Softcard Executive
By the end of 2015, most smart phones sold in the United States will have near-field communication (NFC) capability and be mobile-wallet ready, potentially creating a confluence of payments and commerce, says Matt de Ganon, senior vice president of product at mobile wallet provider Softcard. That prospect excites de …
Read More »Huge Softcard Coup with Subway Poses No Threat to Startup Paydiant, Top Exec Says
The telco-controlled mobile-wallet provider Softcard scored a major coup on Tuesday with the announcement that the massive Subway sandwich chain will start accepting its wallet Oct. 1 at its more than 26,000 U.S. locations. When complete, it will be the largest restaurant deployment yet for payments via near-field communication (NFC) …
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