Digital Transactions Authoritative, insightful and timely information for payments professionals
Despite all the talk about mobile payments, online payments, cryptocurrencies, and EMV chip cards, the alternatives to cash still haven’t killed their sworn enemy. In fact, between 2006 and 2016, the growth of currency in circulation matched or exceeded growth in gross domestic product in 40 of 42 nations examined …
November, 2017
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21 November
Fraud Balloons for Electronics Retailers While Post-EMV Online Fraud Abates, Forter Says
Just days before the holiday shopping season begins in earnest, yet another indicator emerges that merchants, especially those selling electronics, should be ready for the onslaught of both legitimate transactions and those perpetrated by criminals. That’s because the recently released Forter/MRC Fraud Attack Index found that attacks against electronics retailers …
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21 November
Boston’s Transit System To Replace Its CharlieCard With Contactless Fare Payments
Less than a month after winning the contract to bring contactless fare payments to New York City’s vast subway and bus system, Cubic Transportation Systems won a $575 million contract from the Massachusetts Bay Transportation Authority to replace the CharlieCard, a fixture in Boston, with a modernized fare system centered …
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21 November
Bitcoin Brushes off Setbacks To Surge Past the $8,300 Mark
Bitcoin keeps rising to new heights, though in fits and starts. The world’s leading cryptocurrency leapt to yet another record high on Sunday to breach the $8,000 level for the first time, sank several hundred dollars on Monday, then sprang back overnight. By Tuesday morning, it was trading above $8,300, …
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21 November
Consumers To Spend $427 This Shopping Weekend and other Digital Transactions News briefs from 11/21/17
Bluewater Grill Restaurants, with seven locations in Southern California and Phoenix, has deployed the Rail pay-at-table platform from TableSafe Inc. Black Friday, the day after Thanksgiving, will continue to attract consumers to stores. A study from Deloitte found that 70% of U.S. consumers plan to shop in a store that …
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20 November
Buying With a Voice and other Digital Transactions News briefs from 11/20/17
Micro-investing site Acorns has integrated its service with PayPal Holdings Inc., allowing select PayPal account holders to access their Acorn accounts through PayPal. The service will be expanded to all U.S. PayPal account holders starting early in 2018. Voice-marketing firm Invoca released a report called “The Rise of Voice” that …
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20 November
6.2 Million Same-Day ACH Debit Transactions in Six Weeks, NACHA Reports
Boosted by the addition of debit transactions Sept. 15, same-day automated clearing house transaction volume hit 10 million in October, up 140% from 4.1 million in August, according to ACH governing body NACHA. Total value of the October payments was $9.14 billion, Herndon, Va.-based NACHA reported last week. The value …
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17 November
COMMENTARY: Transforming Mobile Wallets from Payment Tools Into Engagement Tools
Mobile technology has enabled people to be connected virtually anywhere and use their smart phones for pretty much anything, including gaming, photography, GPS navigation, and online shopping for both big and small purchases. However, there is one element of smart-phone technology that isn’t being utilized to its fullest extent. Adoption …
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17 November
PayPal Services Coming to BigCommerce Merchants Via an App
E-commerce platform BigCommerce Pty Ltd. announced a new app for its client merchants that allows them to offer customers credit, access working capital, and glean marketing insights through PayPal Holdings Inc.’s services. BigCommerce clients using the service will be able to include a standalone PayPal Credit button on their e-commerce …
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17 November
Beyond Virtual Gift Cards: Amazon Patents ‘Gift Rules’ That Can Widen Choice for Recipients
It’s the time of year when the mind turns to gift-giving, and now there’s an alternative to the mundane gift card. Amazon.com Inc. last week received a patent for a new type of digital card that allows the recipient to buy anything that falls within so-called gift rules set by …