Transaction Processing

European merchants could see their costs to accept Visa Inc. and Mastercard Inc. payment cards issued outside of Europe decline by 40% under separate proposals submitted by the two leading card networks to settle competition concerns raised by European Union antitrust authorities. The European Commission, the administrative arm of the …

The surge in popularity for peer-to-peer payments is making itself felt in the realm of holiday gifting, helping to erode a longstanding cultural taboo against giving cash during the annual gift-giving season. Gift transactions rose 47.2% in December 2017 over the monthly average for the previous August through October, according …

Digital Check Corp. said its ScanBox by Digital Check tablet-based scanning platform is now available in North and South America following its release in other markets. In a Cardtronics plc survey of 1,000 U.S. consumers, 73% use cash regularly and 92% want a choice in how they pay. Commercial bank Signature …

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

Amazon.com Inc.’s strategy to push its Amazon Pay wallet into physical stores could depend crucially on its ability to cut payment-processing costs and generate marketing advantages for merchants, including Groupon-like incentives, experts tell Digital Transactions News. The new strategy has been in the works at least since 2017 but reached …

Online and mobile payments get all the press, but plenty of card-not-present payments still originate from telephone orders. The security threats from such orders are changing, which prompted the PCI Security Standards Council to issue an update Wednesday to guidance it first produced seven years ago for protecting phone-based payments. …

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …