Digital Transactions Authoritative, insightful and timely information for payments professionals
American Express Co. disclosed Monday that it will end its multi-merchant Plenti rewards program on July 10. AmEx announced the closure through a tweet on the Plenti Twitter feed and on Plenti’s Web site. “While Plenti has grown in scale since its launch, a number of factors, including shifting priorities …
April, 2018
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16 April
Klarna Will Bring a 30-Day Pay Later Option to the U.S. Market This Summer
Klarna Inc. is bringing another of its buy now/pay later products to the U.S. market this summer with broader availability later in the year. That’s the word from Jim Lofgren, chief executive of Klarna Inc., the North American arm of the Sweden-based online payments firm. Lofgren, speaking to Digital Transactions …
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16 April
Equinox Adds JCB Contactless Support and other Digital Transactions News briefs from 4/16/18
E-commerce platform 3dcart said its integration with payments provider PayJunction now includes automated clearing house transaction processing, remote signature capture, and tokenized cards on file services. In a bid to help merchants serve Japanese tourists, point-of-sale vendor Equinox Payments has added contactless support for JCB cards to its Apollo, L5000, …
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13 April
Paysafe’s Proposed Deal for iPayment Will Make the U.K. Firm a Top Player in U.S. Acquiring
Paysafe Holdings UK Ltd. hasn’t been shy about building scale via acquisitions, and on Thursday it announced one of its biggest deals yet in the U.S. merchant-acquiring business. It expects to close by the end of June on a transaction that will bring into its fold iPayment Holdings Inc., a …
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13 April
Masterpass Accepted on BJs.com and other Digital Transactions News briefs from 4/13/18
Mastercard Inc. announced that consumers shopping on BJs.com, the e-commerce site for BJ’s Wholesale Club Inc., now can use its Masterpass digital wallet as a payment method. JPMorgan Chase & Co. reported that it processed $316.3 billion in merchant payment volume in the first quarter, up 15% from $274.3 billion …
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12 April
The Sobering Lesson From the Latest AFP Survey: ‘Fraudsters Are One Step Ahead’
Payments executives may abhor fraudsters, but they have to admit the scamsters and hackers are a determined lot. The percentage of organizations sustaining actual or attempted payments fraud increased in 2017 for the fourth straight year, reaching a record high 78%, according to the latest “Payments Fraud And Control Survey” …
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12 April
Trump’s Proposed Tariffs on Chinese Goods Could Raise Prices for POS Equipment
President Donald Trump’s proposed 25% tariffs on about 1,300 Chinese products worth $50 billion have the merchant-acquiring industry worried. The Electronic Transactions Association, a national payments-industry trade group, joined more than 100 other organizations in signing a letter to the House Ways and Means Committee leadership expressing their “deep concern” …
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12 April
Coinstar in Bill-Pay Deal and other Digital Transactions News briefs from 4/12/18
The Electronic Transactions Association joined with more than 100 other groups spanning a variety of industries in signing a letter to the House Ways and Means Committee expressing concern about tariffs proposed by the Trump Administration on Chinese imports. The ETA’s concern is that a proposed tariff on cash registers …
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11 April
Uber To Add Transit Ticketing on Its Mobile App Through Mastercard-Supported Masabi
Uber and mass-transit software developer Masabi Ltd. have struck an agreement that will allow transit tickets and passes to be displayed on Uber’s mobile app. Masabi’s apps and software systems for transit are used in 30-plus metropolitan areas, including on the Metro-North and Long Island Rail Road commuter-rail systems in …
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11 April
Fresh off Its eBay Coup, Adyen Mulls What Could Be a Rewarding Second Act—Going Public
The Dutch payments provider Adyen stole headlines in February with its agreement to be the processor behind eBay Inc.’s ambitious new payments platform, and this week news emerged that it could be ready for yet another big move—an initial public offering. The Amsterdam-based company, which maintains a U.S. headquarters in …