Digital Transactions Authoritative, insightful and timely information for payments professionals
Finastra, a banking-technology services firm, announced PNC Bank, a unit of The PNC Financial Services Group Inc., is using its services as part of the bank’s participation in RTP, the real-time payments service from The Clearing House. Fifty-percent of U.S. banks plan to increase their investments in real-time payment systems in …
December, 2017
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4 December
Target Launches Wallet, Its RedCard-Based In-App Mobile-Payments Service
Target Brands Inc. finally unveiled its long-rumored mobile-payments service. Announced Monday, Wallet resides in the Target app for iOS and Android devices. Consumers can only enroll a Target RedCard, available as a debit or credit card, in the app. Target gift card enrollment is coming, too, the company says. To …
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4 December
WePay Provides Volusion Payments Backbone As Chase Completes Its WePay Acquisition
Payments provider WePay is officially part of JPMorgan Chase & Co., WePay announced Monday. The banking giant wasted no time putting WePay to work as the backbone of a new payments service from Volusion LLC, an e-commerce platform. Chase announced in October it was buying Redwood City, Calif.-based WePay for …
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4 December
Payza Now Enables Its Customers To Buy Cryptocurrency Alternatives to Bitcoin
Online payment processor Payza announced Monday that its customers can now use funds in their Payza accounts buy alternatives to Bitcoin, the cryptocurrency market leader. The news comes six months after Payza launched a service enabling customers to sell so-called altcoins such as Ethereum, Ripple, Litecoin, Dash, Monero, and Zcash. …
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4 December
PayPal Says Its TIO Probe Found Evidence of a Breach Affecting Potentially 1.6 Million Customers
PayPal Holdings Inc. and its TIO Networks unit are arranging free credit monitoring for consumers after finding evidence of a data breach at TIO that the companies say has potentially affected personally identifiable information for about 1.6 million customers of TIO’s bill-pay service. The unauthorized access could have compromised data …
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1 December
With a Green Light From the CFTC, Three Trading Houses Get Set for Bitcoin Futures
CME Group Inc. said on Friday it will launch a futures contract for Bitcoin on Dec. 18, a move some expect will lend considerable stability to the market for the 8-year-old digital currency. Also on Friday, Chicago-based CME’s crosstown rival, Cboe Global Markets Inc., said it will announce “shortly” an …
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1 December
Data Breaches Have Exposed More Than 172 Million Consumer Records This Year, the ITRC Reports
Fraudsters have caused 1,202 data breaches this year as of Nov. 29, up nearly 18% from the same period a year earlier, and they’ve exposed 172.4 million records, according to the latest figures from the Identity Theft Resource Center. Some 156.4 million Social Security numbers were compromised in the breaches, …
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1 December
First Data Completes BluePay Acquisition and other Digital Transactions News briefs from 12/1/17
Processor First Data Corp. completed its previously announced, $760 million acquisition of independent sales organization BluePay Holdings Inc. Payment-services provider Shift4 Corp. announced its EMV-certified services are now available to users of Posera Ltd.’s Maitre’D point-of-sale hospitality software. Infinite Peripherals launched the InfineaRetail Airline Edition point-of-sale suite of products. Mastercard …
November, 2017
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30 November
Eye on M-Commerce: Tire Retailer on a Roll; Other Merchant Types Experience Increases
Holiday gifts and everyday products may garner much of the attention when it comes to mobile-commerce transactions, but a tire retailer is finding success with the technology, too. SimpleTire, a Trevose, Pa.-based online seller, found that consumers were in the mood to buy tires online on Cyber Monday. SimpleTire says …
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30 November
Amazon Opening Voice-Command Payments To Outside Developers and Merchants
Amazon.com Inc. is recruiting outside software developers and merchants to create functions that work with its Alexa voice-command system and the Amazon Pay service so that consumers can make purchases using their Amazon payment credentials at both physical and online merchants. Seattle-based Amazon made the announcement at its big Amazon …
