Digital Transactions Authoritative, insightful and timely information for payments professionals
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) …
Read More »Apple Pay: No Charge for Merchants, But Transaction-Security Fees for Issuers
Apple Inc.’s introduction of its new Apple Pay service for its soon-to-be released iPhone 6 and the Apple Watch raised a huge number of questions in the payments industry. One of the biggest topics of speculation is just how is Apple going to make money from the service, with combines …
Read More »Payment Processors Hold Key Tokenization Role In Apple Pay
Payment processors First Data Corp. and Total System Services Inc. (TSYS) will have key roles in securing transactions using tokenization technology for payments consumers make with Apple Inc.’s newly announced Apple Pay mobile-payments scheme. The Cupertino, Calif.-based computer giant made the announcement as part of its unveiling Tuesday of …
Read More »Apple Unveils an ‘Entirely New Payment Process’ with Apple Pay
After weeks of fevered anticipation, it’s finally out. Apple Inc. on Tuesday unveiled a new payments system called Apple Pay along with its iPhone 6 and large-screen iPhone 6 Plus smart phones and a snazzy new smart watch. As predicted, the updated iPhone uses near-field communication (NFC) technology for fast …
Read More »Twitter Launches M-Commerce Test With a ‘Buy’ Button and 28 Partners
In its latest move toward becoming a force in electronic payments, social network Twitter Inc. reported Monday that it is starting a test allowing members to make purchases via tweets from 28 partners that include merchants, rock bands and non-profits. “For a small percentage of U.S. users (that will grow …
Read More »Often Linked to Mobile Payments, Location-Based Rewards Aren’t Rewarding for Everyone
Mobile-payments providers have looked to offers and rewards as a means of engaging with consumers and merchants and boosting payments activity. Indeed, most mobile strategists value the technology’s ability to deliver rewards at the moment consumers are in the store, if not necessarily in front of the relevant merchandise. But …
Read More »Rumors Cast Apple’s Prospective Role as a Payments Provider as a Done Deal
In case you spent the entire Labor Day long weekend in a fishing boat on a remote lake, you could barely miss the stories moving over the business wires in recent days about Apple Inc. and electronic payments. In sum, the iconic computer maker and iTunes and App Store provider …
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