Digital Transactions Authoritative, insightful and timely information for payments professionals
• CORRECTION: The March 30 issue of Digital Transactions News mischaracterized the business in which eProcessing Network LLC engages. It is a payment gateway. DTN regrets the error. • In a victory for Apple Inc. and its Apple Pay mobile-payments service, the Australian Competition and Consumer Commission denied a request from four …
Read More »Fill It Up: Using ExxonMobil’s Speedpass+ at the Pump
For a moment, I thought I was a thief. For a split second as I drove away from the ExxonMobil fuel pump, I thought I forgot to pay. In actuality, I had just used the ExxonMobil Speedpass+ app to make a contactless payment for fuel for the first time. ExxonMobil …
Read More »‘Tipping Point’ Has Arrived As More Payments Shops Open Skunk Works to Outsiders
If it seems payments networks and processors are opening up to outside developers right and left these days, it may be because they are. “I don’t know when the tipping point was, but it feels like it was over the last 12 months,” says Ben Milne, chief executive of Des …
Read More »The New MajikPOS Malware and other Digital Transactions News Briefs
• Merchant acquirer Elavon Inc. has appointed Jamie Walker chief executive officer. A 16-year veteran of U.S. Bancorp, which owns the processor, Walker was most recently chief administrative officer of the bank’s Payment Services division, and before that served as Elavon’s chief financial officer. • A blog post from data-security …
Read More »Global Payments’ EdgeXpress Cloud and other Digital Transactions News briefs
• Samsung Electronics Co.’s soon-to-be-released Galaxy S8 smart phone will employ facial-recognition technology for mobile payments, including the company’s
Read More »Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines
The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …
Read More »Some Data from Chase May Show How the Fledgling Zelle Could Outrun PayPal’s Venmo
All eyes in the person-to-person payments business may be on Venmo these days, but a few tantalizing numbers released last week by JPMorgan Chase & Co. could indicate that a new, bank-controlled payments service set to launch this year will literally give PayPal Holdings Inc.’s P2P app a run for …
Read More »Building a Base of Mobile Payers May Require Players To Pay
For mobile-wallet providers, card issuers, and merchants trying to attract consumers to their mobile-payment services, the way to build a base of active customers can be summarized in two words: pay up. New findings from Auriemma Consulting Group based on research with 1,505 payment card holders eligible for mobile-payments programs …
Read More »Early Warning Readies Its Launch Campaign for Zelle That Will Emphasize Awareness, Branding
The Zelle person-to-person payments service is about to take on a public face as bank-owned parent company Early Warning Services LLC readies a multifaceted marketing campaign for rollout in the coming weeks and months. “I would say it’s a significant marketing campaign focused on awareness,” Melissa Lowry, vice president of …
Read More »With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost
Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …
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