Digital Transactions Authoritative, insightful and timely information for payments professionals
• Washlava, a startup focusing on self-service laundromats, release its mobile app that enables users to reserve an LG Giant commercial washing machine and pay for the use via the app after tapping the phone against the machine. • Vending-payments specialist USA Technologies Inc. said the amount of contactless payments for laundry …
June, 2017
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5 June
Confirming Months of Rumors, Apple Announces a P2P Service Tied to Apple Pay And iMessage
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …
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2 June
In Yet Another ISV Play, GTCR Buys Sage Payment Solutions for $260 Million
Finally, the rumors can stop. Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, has been sold to GTCR LLC, a Chicago-based private-equity firm, for $260 million, GTCR announced Friday. Reports of a possible sale of the company, which counts approximately 100,000 merchants in its portfolio, originally surfaced …
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2 June
Eye on Security: Data Breaches up 35%; Malware Hits Kmart
By Jim Daly@DTPaymentNews The number of data breaches tracked by the Identity Theft Resource Center in 2017 hit 698 as of May 30, a 35.3% increase over the record pace of a year ago when the ITRC flagged 516 breaches in 2016’s first five months. The San Diego-based nonprofit monitors …
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2 June
EDGE, a Universal Card Service, Eyes Coin Users and other Digital Transactions News briefs
• EDGE Mobile Payments LLC, which offers a card-consolidation device, said it is offering users of the former Coin card a discount on the purchase of its EDGE Card. Fitbit Inc. purchased Coin in 2016, and the service was shuttered earlier this year. • PayPal Holdings Inc.’s dominance in e-commerce payments …
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1 June
Hard to Swallow?
By Jim Daly and John Stewart The U.S. conversion to EMV is close to two years old now, and in its wake have come unquestioned benefits. But this cure for widespread counterfeit card fraud also has ushered in excruciating side effects. It’s easy to forget that the Europay-Mastercard-Visa chip card …
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1 June
How to Get Past ‘No’
By Kevin Woodward A willingness to listen, knowledge of the industry and of the merchant, and preparation are key to skirting a merchant’s rebuff reflex. It’s a universal sales-agent experience. The rebuff, deflection, or outright rejection from a merchant who, in her mind, is yet again hearing a sales rep …
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1 June
A Token of Appreciation
By Peter Lucas Visa and Mastercard are acting fast to dominate the rapidly developing tokenization business. Are juicy fees next? It’s been more than six months since Visa Inc. and Mastercard Inc. announced reciprocal access to one another’s tokenization engines. Pacts giving PayPal Holdings Inc. such access have emerged over …
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1 June
Faster Payments in the U.S. (As It Has Unfolded So Far)
By René Pelegero The Fed’s task force has made a lot of progress, and on some fronts the results look promising. So why does it seem like the creation story of Visa and Mastercard all over again? It has been a long time since the initial Faster Payments discussions in …
