Digital Transactions Authoritative, insightful and timely information for payments professionals
Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …
October, 2017
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19 October
The Clearing House Gets TSP Certification and other Digital Transactions News briefs from 10/19/17
From the Oops Department: First Data Corp. early Thursday quickly removed from its Web site an inadvertently posted press release saying it had a deal to acquire independent sales organization BluePay Holdings Inc. “First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, …
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18 October
Chase To Acquire WePay in a Play for ISVs and New Merchants
JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …
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18 October
BIM Brings an ACH-Payment Option to Phillips 66, Conoco, and 76 Gas Stations
Consumers using the Phillips 66, Conoco, or 76-branded smart-phone apps soon will be able to pay for fuel using their checking accounts thanks to an integration with Buy It Mobility Networks, a New York City-based payment and customer relationship management platform. Announced Tuesday, the service will be available soon, says …
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18 October
CPI Receives Card Patents and other Digital Transactions News briefs from 10/18/17
For U.S. Bancorp’s Elavon unit, merchant-processing revenues were down slightly in the third quarter, to $405 million, compared to a year ago, according to the bank’s earnings release. But revenue year to date is up 0.2%, at $1.19 billion, compared to the same period in 2016. Payment card manufacturer CPI …
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17 October
VeriFone Adding Alipay Acceptance to Las Vegas, NYC Taxis
As tourists from China visit the United States—they are now the fifth largest group of travelers to this country—they want to use familiar payment methods. Now, Alipay, the digital wallet from China’s Alibaba Group Holding Ltd., will be accepted in New York City and Las Vegas taxis using VeriFone Systems …
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17 October
Letting Users Pay Merchants With Venmo Could Spur New Revenue From a New Crowd
PayPal Holdings Inc. has been talking for more than a year about allowing users of its popular Venmo person-to-person payments app to use the app to pay merchants. On Tuesday, the payments company threw the door wide open for Venmo, announcing it can now be used to pay at as …
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17 October
Visa Invests in B2B Payments Provider Billtrust
Visa Inc. reported Tuesday that it has invested in Billtrust and is working with the business-to-business payments provider to streamline the reconciliation of B2B payments and increase the automation of virtual card payments for financial institutions and their corporate customers. The companies did not reveal the size of Visa’s investment, …
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17 October
Phillips 66’s ACH Payment Service and other Digital Transactions News briefs from 10/17/17
Fuel-payments specialist P97 Networks and Buy It Mobility Networks, an automated clearing house-based payment and consumer-engagement provider, said they will provide ACH-based payment and related services to Phillips 66, Conoco, and 76-branded fuel stations. In 2016, P97 said it was working with Chase Pay on a payments service for Phillips …
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17 October
Making the Move from Vendor to Payment Partner
By Caesar Kavadoy, VP of Sales Strategy, Paysafe A majority of payments companies focus solely on pricing and leave it up to the customers to figure out the rest. It’s time to make a change. Sales teams need to take a consultative, solutions-oriented sales approach to the business. If they don’t …
