Digital Transactions Authoritative, insightful and timely information for payments professionals
The Clearing House’s much-anticipated real-time payments system, dubbed RTP, went live late Monday afternoon, ushering in a new era of faster electronic payments in the United States. The transaction between The Bank of New York Mellon Corp.’s BNY Mellon subsidiary and U.S. Bancorp’s U.S. Bank was completed at 4:59:40 p.m. …
November, 2017
-
14 November
Digital-Coupon Redemptions Will Top $91 Billion in Five Years, Says Juniper
Chatbots, quick-response codes, and so-called invisible payments will spur digital-coupon redemption volume to $91 billion worldwide by 2022, forecasts Juniper Research Ltd. These three technologies will propel redemption as consumers increasingly become accustomed to them, says the United Kingdom-based research firm. For example, chatbots, a form of machine learning that …
-
14 November
Bitcoin Cements Its Volatile Tendencies After a Move To Boost Capacity Fails
Observers who wondered not long ago whether Bitcoin was too valuable to be a payment method may now be wondering whether it’s too volatile. The cryptocurrency has soared all year, reaching a peak near $7,800 only six days ago, but then it crashed hard, shedding about $2,000 in value by …
-
14 November
ShopKeep’s Yext Integration and other Digital Transactions News briefs from 11/14/17
ShopKeep, a provider of tablet-based point-of-sale equipment and services, announced an integration with online-information management service Yext Inc. The integration will allow ShopKeep clients to check and modify information about their businesses across platforms like Google, Apple, Facebook, Bing, and Yahoo. Point-of-sale terminal maker Ingenico Group released the Moby/8500 mobile …
-
13 November
More Younger Than Older Consumers Are Okay Shopping Online With Debit Cards
More younger consumers than older ones prefer using debit cards for online shopping, finds the “Holiday Shopping Consumer Survey Results” released by Vantiv Inc. In the survey of more than 1,000 consumers, 32% of Millennials and 27% of Generation X said using a debit card was their preferred online-shopping method. …
-
13 November
Visa Creates Business Unit To Develop Opportunities in the Expanding Transit Payments Market
Visa Inc. announced Monday that it has created a business unit dedicated to transit payments. The new unit debuts as public transportation agencies worldwide move away from cash and proprietary magnetic-stripe fare cards and begin accepting mobile wallets and contactless general-purpose credit and debit cards. Dubbed Visa Global Transit Solutions, …
-
13 November
PayPal Suspends Operations on the TIO Network After Discovering ‘Security Vulnerabilities’
PayPal Holdings Inc.’s planned integration of its TIO Networks bill-pay operation hit a major snag late Friday when PayPal said it had shut down TIO’s system after the discovery of a security issue. Neither PayPal nor TIO released details about the issue. In a statement, PayPal said it involves “security …
-
13 November
CardFree in Loyalty Deal and other Digital Transactions News briefs from 11/13/17
Mobile-wallet developer CardFree Inc. said it has paired with loyalty-solutions vendor Hatch Loyalty to target gas stations and convenience stores for order-ahead, stored-value, and loyalty services. Miami-based Bitcoin broker Bitstop expanded to California with the deployment of five Bitcoin ATMs in Los Angeles and four in Oakland; the company also …
-
10 November
Visa And Mastercard Grow In Europe As Issuers Drop Electron and Maestro Brands
As in the United States, Visa Inc. and Mastercard Inc. dominate card payments in Europe, but now the two U.S.-based card brands are growing on that continent partly at the expense of smaller brands they own. European issuers are systematically switching Visa Electron and Mastercard Maestro cards to simply Visa …
-
10 November
Gift Card Recipients Spend More and other Digital Transactions News briefs from 11/10/17
Private-equity firm Thoma Bravo LLC announced it plans to acquire ABC Financial Services Inc., an independent sales organization and software company serving more than 6,700 health clubs in North America and Europe. Terms of the deal, which is expected to close by year’s end, were not disclosed. Morgan Stanley Wealth …