Digital Transactions Authoritative, insightful and timely information for payments professionals
Fuel-pump maker Gilbarco Veeder-Root launched an exclusive EMV dispenser program for Chevron and Texaco retailers as the petroleum industry prepares for the 2020 EMV liability shift. Petroleum Card Services said the Oklahoma Petroleum Marketers & Convenience-Store Association named it as a payment-processing referral partner for its members. Garmin International Inc. launched …
June, 2018
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15 June
As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile
By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …
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15 June
Already Ahead of Venmo in Dollars, Zelle Is Poised to Jump Ahead in Users, a Forecaster Says
Now officially a year old, Zelle is steadily gaining momentum. San Francisco-based Bank of the West, the 29th largest bank in the country ranked by assets, announced Thursday it will join the bank-controlled person-to-person payment network, which already claims some of the biggest financial institutions in the country. Also this week, …
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15 June
JetPay Notes Software Integration and other Digital Transactions News briefs from 6/5/18
JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions. In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. …
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14 June
Sensing Strengths, Investors Send Adyen’s Valuation Skyrocketing
Experts have been saying that the payments business is hot, but few suspected it was this hot. The 12-year-old Dutch processor Adyen N.V. gained more ground Thursday on the Euronext Amsterdam exchange before closing the day at 438 euros, or $510, down 3.7%. That’s after finishing on Wednesday, its first …
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14 June
Electronic Payments Notes Milestone and other Digital Transactions News briefs from 6/14/18
A survey from The Fraud Practice LLC, commissioned by Kount Inc., found that Apple Pay acceptance among a group of almost 600 merchants decreased to 35% from 48% a year earlier. Google Pay acceptance dropped from 38% to 25%. Support for near-field communication, the wireless technology that enables Apple Pay and …
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13 June
Eye on Small Merchants: Wells Simplifies Pricing; First Data Trumpets Clover
Wells Fargo & Co. this week disclosed a simplified point-of-sale pricing plan for small card-accepting merchants, while First Data Corp. touted the strong growth in its Clover line of payment technology for small businesses. At San Francisco-based Wells, which has a joint merchant-processing venture with First Data and is one …
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13 June
What Would Legal Sports Betting Look Like? Many Are Turning to Nevada for an Answer
As legislatures eye geysers of tax revenue in the wake of the May 14 Supreme Court decision leaving legal sports betting up to each state, officials wondering how much that haul could be are looking to Nevada. It’s the only state that permits wide-open wagering on a full menu of …
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13 June
Overtaking Venmo and other Digital Transactions News briefs from 6/13/18
Investors jumped on shares of Netherlands-based payment processor Adyen Wednesday after the company priced its initial stock offering on the high end of its expected range at €240 ($282.48) per share. As of late morning Eastern time, the stock had more than doubled to €480.30 ($565.31) per share, prompting talk …
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12 June
First Data’s Star Debit Network Plans To Challenge Visa and Mastercard for Signature Transactions
Payment processor First Data Corp.’s Star debit network is poised to aggressively challenge Visa Inc. and Mastercard Inc. for a share of the signature-debit market that the global networks have dominated since signature debit became a payment option more than 20 years ago. Star gained a potentially big foothold in …