Digital Transactions Authoritative, insightful and timely information for payments professionals
Facebook Inc. watchers have had their antennae sensitized for some time for any scrap of news that might indicate the massive social network’s tendencies in payments. The company’s Monday announcement that it has begun supporting carrier billing for digital goods sold on its platform appears to be no exception. Already, …
Read More »Latest Isis Delay Leaves Open When the Venture Will Finally Launch
With the Isis mobile-payments venture having announced yet another delay, it remains unclear just what is causing the holdup and when the service will launch. And, say observers, time may be growing short for the venture, which is backed by three of the country’s largest wireless carriers. “I don’t know …
Read More »‘Disinformation,’ Fire, Losing Bidders, and Other Woes Plague VeriFone’s Summer
The financials looked good, but the Fates seemed to be spinning some entangling threads for VeriFone Systems Inc. during the leading point-of-sale terminal maker’s third fiscal quarter ended July 31. There was the challenge to VeriFone’s big win in Washington, D.C., where the company’s taxicab payment and media systems are …
Read More »Quiet During the Wallet Wars, Visa Readies V.me for a Year-End Rollout
With digital wallets from the likes of PayPal Inc., Google Inc., and the Isis consortium grabbing headlines, Visa Inc.’s V.me staff has been quiet but busy. The payment service is live with five online merchants, and Visa plans to introduce it as a commercial product by year’s end, a spokesperson …
Read More »Apple’s Move to Stop Samsung Models Unlikely to Impact NFC Wallets
Apple Inc.’s motion to stop sales of eight Samsung Electronics Co. handset models may not have a strong immediate impact on the major mobile wallet providers but could give Apple important advantages in the mobile-payments market later on, experts tell Digital Transactions News. Apple cited the Samsung models on Monday …
Read More »Eye on Mobile: Google Wallet’s All-Inclusive Future, Apple’s New Payments Patent
Google Inc. may have just overhauled its nearly year-old mobile wallet, but it still appears to have plenty of plans for the near future of the product. For example, the Web giant is looking at adding a person-to-person payment capability and allowing users to save credentials other than payment cards, …
Read More »High-Tech PayPal-Discover Tieup Rests on Huge Issuance of Old-Tech Mag-Stripe Cards
The massive deal PayPal Inc. and Discover Financial Services announced on Wednesday that will bring online-payments leader PayPal to 7 million physical U.S. merchant locations has all the hallmarks of electronic payments in the 21st Century’s second decade, including digital wallets and cloud-based technology. But the foundation of the deal …
Read More »Having Snagged Venmo, Braintree Girds to Challenge PayPal in P2P And Wallets
Chicago-based Braintree Payments Solutions LLC, an independent sales organization specializing in online merchants, expects its $26. 2 million acquisition of New York City-based Venmo Inc. to position it as a direct competitor to PayPal Inc. in the person-to-person payments business and in digital-wallet applications. Venmo’s digital wallet allows consumers to …
Read More »Merchant-Controlled Network Debuts Its Name But Leaves Many Questions Unanswered
The new mobile-payments network being developed by retailers went public on Wednesday with its name, Merchant Customer Exchange, or MCX, and the identities of 15 initial merchant-investors. But, five months after merchants first revealed plans to build an alternative to the major card networks as mobile payments take hold in …
Read More »AmEx Flap Is an Embarrassment, But Not Likely to Hurt Google Wallet
Regardless of how talks between Google Inc. and American Express Co. turn out, it isn’t likely AmEx will shut down its cardholders’ access to the online search giant’s newly overhauled mobile wallet. Indeed, much of the discussion now is likely focused narrowly on the use of the AmEx brand, says …
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