Digital Transactions Authoritative, insightful and timely information for payments professionals
Merchant processor Worldpay participated in a funding round for machine-learning startup FeatureSpace and agreed to deploy the company’s technology for fraud prevention. Worldpay, which this summer agreed to be acquired by rival processor Vantiv Inc., did not disclose the amount of its investment. Merchant processor Elavon introduced Scoop, a program …
October, 2017
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4 October
Eye on Policy: Fintech Regulation, and ‘Taking Out the Trash’
What role government regulators should play as financial-technology companies increasingly challenge banks with new services for consumers and merchants is generating more debate in the electronic-payments industry. At a forum Tuesday, regulators said they want to encourage innovation while protecting consumers, but an executive with an online business lender argued …
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3 October
Time for US banks to embrace real-time payments
By moving to real-time payments, US banks will enhance their service as well as generate cost efficiencies and higher revenues, writes Darryl Proctor When the subject of US banking comes up, Wall Street, innovative multi-billion-dollar deals, and cutting-edge technology might come to mind. The reality, however, is a bit different. …
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3 October
As Event Payments Heat up, SignUpGenius Works With WePay For Ticketing Payments
SignUpGenius Inc., an event-organizing service, is now using WePay Inc. for its payment-processing services. The integration, announced Monday, means event organizers can collect payments for ticket sales, event registration, capital campaigns, and business services, SignUpGenius says. Charlotte, N.C.-based SignUpGenius says as many as 12 million persons use its online tools …
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3 October
Cayan Receives TSYS EMV Certification and other Digital Transactions News briefs from 10/3/17
Shopify Inc. said it is expanding a service that will let Instagram users buy products from select merchants without leaving the Instagram app. The service, which Shopify has been testing since early this year, lets merchants tag their posts to connect users to their catalogs. The photo-sharing service Instagram, owned by …
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3 October
After Three Quarters, Payments Stocks Continue to Reward Investors in 2017
Shares of payments companies outperformed the general stock-market indexes in September, and beat most of them in the third quarter and the year so far, investment firm Barrington Research reported Monday. A group of 29 payments stocks posted a mean return of 2.74% in September, its ninth straight month of …
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2 October
EMV at Two: Consumers Still Think Purchases Are Too Slow; Many Merchants Indifferent
EMV chip card payments at the U.S. point of sale have been around, officially at least, for two years now, but consumers still perceive them as slow, and many merchants still don’t accept chip cards, according to a poll of consumers and retailers by merchant processor Cayan. The time to …
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2 October
Domino’s Alexa Ordering Appeal and other Digital Transactions News briefs from 10/2/17
While denying any wrongdoing in the matter, card manufacturer CPI Card Group Inc. settled two patent lawsuits with Gemalto S.A. Under the terms of the settlement, CPI Card Group agreed to make a one-time $750,000 payment in the fourth quarter. Both lawsuits will be dismissed and both parties agreed not …
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2 October
Delivering a Unified Service Beyond Today’s Omnichannel World
In order to compete in the marketplace, ISOs and agents are going to have to adapt and learn to navigate the rapid tech-driven needs of their merchants based on the consumer demand. Omnichannel is cited as the leading digital priority for 22 percent of retailers [i], providing consumers with …
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2 October
Processing Execs Push ISOs to Adopt New Thinking on Topics From Pricing to Technology
A panel of processing executives on Thursday sought to shake an audience of merchant-sales representatives out of traditional ways of thinking about critical matters ranging from pricing to new technology. In some cases, years-old tactics came under attack. “How many of you are giving a free terminal away and competing …
