Digital Transactions Authoritative, insightful and timely information for payments professionals
The Dutch payments processor Adyen is considering an initial public offering in June that could value the company at between $7 billion and $11 billion, Reuters reported. Adyen, whose U.S. operation is based in San Francisco, recently won a contract to process transactions for eBay Inc., which will start moving …
April, 2018
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9 April
Billers Turn Their Attention to Improving Payments on Mobile Devices
Creating statements optimized for mobile devices is the biggest area of development for new digital payment options from billers, according to recent research done for payment technology provider ACI Worldwide Inc. The study by London-based technology researcher Ovum in December and January gathered responses from 1,032 executives in 10 countries …
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9 April
Apps Will Be a Major Force in Payments For Years to Come, a Report Argues
Payments companies wondering how digital payments will evolve and what impact today’s younger consumers might have as they age may want to consider the role of apps, suggests the “Future of Money Study 2018” from Koski Research Inc. San Francisco-based Koski, in research that included 1,000 U.S. adults and a …
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9 April
Bitcoin’s Costs Have Plunged In Recent Months, But Its Volatile Value Could Scare Merchants
When the price of Bitcoin spiraled to dizzying heights last year, so did its costs for those who wanted to exchange the digital currency rather than hoard it. Places that accepted Bitcoin, some of them for years, announced they would stop taking it. Since December, Bitcoin’s price has famously slid …
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9 April
Masterpass Coming to Phillips 66 App and other Digital Transactions News briefs from 4/9/18
Mi9 Retail, a vendor of point-of-sale software, announced an integration that will allow merchants to process transactions through payments provider Adyen’s platform. Mi9 serves more than 450 retail businesses globally. Mastercard Inc. said Phillips 66 later this year will integrate Masterpass into the My Phillips 66 app, which will allow …
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6 April
Best Buy Customers Have Also Been Caught Up in Vendor Payment Data Breach
Count Best Buy Co. Inc. as another unwilling member of the [24]7.ai Inc. breach that has yielded customer payment information already from Sears Holdings Inc. and Delta Air Lines Inc. In a statement released Thursday, Best Buy disclosed that an unspecified number of customers were affected when the online chat …
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6 April
Is Amazon Mulling a P2P Payment Function for Its Alexa Voice Commerce Service?
The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …
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6 April
Fattmerchant Signs eConduit Deal and other Digital Transactions News briefs from 4/6/18
Merchant processor Fattmerchant said its payments services will be available for clients of eConduit, which provides cloud-based connectivity for point-of-sale terminals used with POS systems, through sales partners. Dallas Fort Worth International Airport has begun a program that allows users to select a parking space online and prepay for it …
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6 April
Many Merchants Expected To Erase Signature Requirements From Their Checkout Counters
Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …
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5 April
Eye on Payment Data: Delta, Sears Experience Breaches and ControlScan Debuts a PCI Compliance Service
A vendor that provides online chat services for customer acquisition and engagement appears to be the common thread in breaches disclosed Wednesday by Delta Air Lines Inc. and Sears Holdings Corp. The service provider is [24]7.ai Inc., a San Jose, Calif.-based company that provides services like virtual chat agents and …