News

June, 2017

• 8 June

  VeriFone Doubles Down on New Products as It Exits the Taxi Business and Retreats in China

  

  By Jim Daly@DTPaymentNews Payment technology provider VeriFone Systems Inc. reported Thursday that it plans to divest its line of products for taxicab payments and media services, and will take a minority interest in a joint venture that will own its current business in China. News of those developments came as …
• 7 June

  Visa Adds 13 Partners to Its Token Service Provider Program

  

  With demand for tokenized payment transactions anticipated to explode in the coming years with the growth of connected devices through the Internet of Things as well as mobile and online payments, Visa Inc. reported Wednesday that it has signed 13 new companies to participate in its token service provider program. …
• 7 June

  Revel Systems Debuts Revel University and other Digital Transactions News briefs

  • Tablet-based point-of-sale provider Revel Systems launched Revel University, an online training service for merchants using its technology. • Payments provider BlueSnap Inc. said merchants using its Powered Buy Platform now can accept Apple Pay transactions. • Nineteen percent of consumers used person-to-person payments through a financial institution in the past 30 days in a …
• 6 June

  The Case for Real-Time Payments Will Have To Be Compelling, An Expert Argues

  

  As the U.S. payments system collectively ambles toward real-time payments, proponents will have to ensure its benefits outweigh those of existing expedited payments options. That’s one recommendation from the “Justifying Real-Time Payments in the United States” report released Tuesday by Maynard, Mass.-based Mercator Advisory Group Inc. The report examines the …
• 6 June

  Gemalto, ThreatMetrix in Product Development Deal and other Digital Transactions News briefs

  • Groundwork, a payments service for school sports, launched its service to let parents use bank accounts or cards to make payments for team expenses. Teams pay a fee of 2% plus 30 cents, with an additional charge for card payments, with all payment communication with parents managed by the Groundwork …
• 6 June

  Gemalto and ThreatMetrix Team Up on Payment Authentication

  

  By Jim Daly@DTPaymentNews Chipmaker Gemalto N.V. and risk-management firm ThreatMetrix Inc. announced that they are jointly providing online authentication technology to banks, payment-service providers, payment networks, and financial startups. Through a single vendor relationship, the companies’ customers can get access to ThreatMetrix’s Digital Identity Network and Amsterdam-based Gemalto’s various authentication …
• 6 June

  Gift Cards Are Growing Again, Reaching Almost $134 Billion in Loads Last Year

  

  Gift cards issued by retailers are heating up, according to the latest research from Mercator Advisory Group. Total loads grew 6% in 2016 to reach $133.9 billion, Mercator’s Ben Jackson tells Digital Transactions News. That performance follows a decline in loads the year before. The research, which covers closed-loop gift …
• 5 June

  Eleven States—But Not the DoJ—Ask the Supreme Court to Review AmEx Steering Case

  

  By John Stewart @DTPaymentNews A landmark anti-steering case against American Express Co. is going to the U.S. Supreme Court. Attorneys general from 11 states have asked the high court to review a decision handed down in September by a federal appeals court that upheld AmEx’s policy of banning merchants from
• 5 June

  EMV Accounts for More Than Half of Major-Brand U.S. Cards, New EMVCo Figures Show

  

  By John Stewart @DTPaymentNews The U.S. transition to the EMV chip card standard has been a long and troubled road, but statistics released by the international standards body behind EMV indicate encouraging progress. As of the end of 2016, 52.2% of major-brand payment cards in the United States—some 675 million …
• 5 June

  M-Payment Laundry App Debuts and other Digital Transactions News briefs

  • Washlava, a startup focusing on self-service laundromats, release its mobile app that enables users to reserve an LG Giant commercial washing machine and pay for the use via the app after tapping the phone against the machine. • Vending-payments specialist USA Technologies Inc. said the amount of contactless payments for laundry …