Digital Transactions Authoritative, insightful and timely information for payments professionals
PayPal Inc. this week demonstrated its slick new person-to-person payments option for Android smart phones equipped with near-field communication (NFC) technology. The demo gave birth to a crop of headlines in online tech publications, but the new service may be little more than a prelude to bigger things PayPal …
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NCR Jockeys for POS Position with $1.2 Billion Deal for Radiant Systems
NCR Corp. bolstered its position at the point of sale this week by announcing a deal to buy Radiant Systems Inc. for $1.2 billion in cash. Alpharetta, Ga.-based Radiant Systems is a specialist in POS software and hardware for various merchant segments, especially the hospitality industry and specialty retailers. …
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Keeping a Wary Eye on the Networks Forget about Google and PayPal. Merchant acquirers are more worried about competitive threats from their long-time spouses by forced marriage, the payment card networks. That intelligence comes from an Aite Group LLC survey of 20 industry executives, including 17 chief …
Read More »Strategies: Small Banks, Big Imperative
Peter Lucas Keeping up with change in electronic payments is hard, but essential, work for community banks. Here’s how they’re doing it. Every time a huge bank—Bank of America Corp., JP Morgan Chase & Co., and Wells Fargo & Co., for example—makes a splash in payments, as …
Read More »Opinion & Analysis: What Visa Is up to
n by Steve Mott While most observers have viewed Visa’s recent string of acquisitions as a mere broadening of its conventional card franchise, a long-time analyst of the payments business sees a clever play for dominance of the digital future. Just when the U.S. payments industry appears poised …
Read More »Networks AmEx Serves up Serve
Linda Punch A product of its acquired Revolution Money program, Serve is American Express Co.’s entrant into the increasingly competitive mobile, online, and person-to-person payments market. Will it deliver? When an industry heavyweight like American Express Co. throws its hat into the digital-payments ring, people sit up …
Read More »Endpoint: Mobile Payments: EMV’s Best Friend in the U.S.
Altering consumer behavior for a complete move away from the payment card is realistically years and years in the future. Far from getting in the way of chip-and-PIN card adoption in the U.S. market, mobile payments at the point of sale will actually help pave the way for …
Read More »DoJ Should Have Pushed Harder on Steering Settlements, Some Merchants Say
The U.S. Department of Justice filed court documents Tuesday that move toward completion its challenge of Visa and MasterCard network rules limiting merchants’ ability to steer customer payments toward their preferred forms. Tuesday’s action is largely procedural as Visa Inc. and MasterCard Inc. announced settlements when the DoJ and seven …
Read More »Visa Announces Deal with Monitise for Mobile Service Tied to Debit, Prepaid
Visa Inc. on Thursday cemented into place two more pieces of a developing strategy for what is rapidly turning into a hotly competitive market for mobile payments. The world’s largest card network announced it had struck an agreement with Monitise PLC, a U.K.-based provider of mobile services for financial …
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All Signs Point to Credit Cards’ Recovery After getting KO’d in the recession, credit card usage is back on its feet. While card issuers are more cautious than they were a few years ago, consumers who have credit cards are using them more frequently, and they are spending …
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