Digital Transactions Authoritative, insightful and timely information for payments professionals
n San Francisco-based Square posted a notice for a “Square U Representative” position last month on its Web site and has put out reminders about it this month through Twitter as well as a feature story about it on its Facebook page. The job posting indicates the position is …
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Shazam Announces Network-Wide Availability of Mobile Acceptance Including PIN Debit
The Shazam electronic funds transfer network on Wednesday announced it is making available across its network a mobile-payments service that lets stores, tradesmen, and other merchants accept PIN-debit transactions as well as credit and signature-debit payments. With the rollout, the service is available to nearly 1,500 member financial institutions and …
Read More »Gimlet Eye: 225 Million Users Are Hard to Ignore
We plead guilty this month to adding fuel to the fire of speculation surrounding Apple Inc.'s plans–if any–for moving into electronic payments. There are several reasons our story starting on page 22 deals with widespread industry speculation about whatÕs going on behind those closed doors in Cupertino. First, what Apple …
Read More »Trends & Tactics
A Comeback for Credit Cards Online Thanks in part to debit card regulation, e-commerce shoppers in the next few years will reverse a recent trend away from credit, according to new research. General-purpose credit cards will capture 40% of online spending in 2011 and 2012, level with 2010, but that …
Read More »Strategies: A Rumor a Day
Apple may be the most talked-about tech company that has yet to make a definitive move in payments. Is there any fire under the smoke? By Lauri Giesen When payments executives discuss the up-and-coming players in their industry, the names of high-tech companies such as Google, Intuit, Square, PayPal, and …
Read More »A Wealth of Wallets
The surging popularity of the smart phone has revived the digital wallet, and now Google, Visa, AmEx, the wireless carriers, and a wide assortment of other providers are jockeying for dominance in this nascent business. By Peter Lucas Still trying to make sense of the digital-wallet landscape? You\'re not alone. …
Read More »Components:Padding the Transaction Count
Led by Apple's iPad, the rise of tablet computers is opening new card-acceptance options for merchants. Are they a disruptive force? Jim Daly Less than two years ago, the space in the portable computer market between smart phones on the small end and laptops on the large end was occupied …
Read More »Less Than a Month Old, ShopSavvy’s New Wallet Boasts 10,000-Plus Users
A mobile comparison-shopping app that launched a digital wallet late last month says it has signed up more than 10,000 wallet users and is adding new ones at the rate of 2,500 a week in a nascent business that has attracted major players like Google Inc. and Visa Inc. …
Read More »Aiming to Jump-Start NFC with Banks, MasterCard Pours Money into mFoundry
In a move that could bring mobile payments based on near-field communication (NFC) to a wide array of financial institutions, MasterCard Inc. on Thursday announced it will provide its PayPass contactless-payment technology to mFoundry Inc., a Larkspur, Calif.-based vendor of mobile-banking software. MasterCard also invested an undisclosed sum in mFoundry, …
Read More »Trends & Tactics
PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
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