Digital Transactions Authoritative, insightful and timely information for payments professionals
Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …
September, 2019
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6 September
COMMENTARY: Why Software is Eating Payments (Part 1)
In 2011, Marc Andreessen wrote his now-famous article, Software is Eating the World, which predicted that software companies would “take over large swaths of the economy.” Due to the wide adoption of broadband, mobile, and cloud-computing technology, Andreessen pointed out that the ingredients were in place for a huge boom …
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5 September
Stripe Gets Into Merchant Cash Advances With Stripe Capital
The big online merchant processor Stripe Inc. on Thursday introduced Stripe Capital for its U.S. merchants, thus joining competitors such as Square Inc. and PayPal Holdings Inc. in providing financing for its merchants. “Stripe Capital makes it easy for Internet businesses to get the funds they need, when they need …
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5 September
A Security Flaw Lets Hackers Control Traffic on Android Smart Phones, Researcher Says
Cyber threat intelligence provider Check Point Research disclosed this week what it says is a flaw in some Android smart phones that enables hackers to send bogus messages that trick users into entering malicious settings that could, among other things, route traffic through a proxy server controlled by the hacker. …
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5 September
Digital River’s WordPress Plugin and other Digital Transactions News briefs from 9/5/19
Digital River Inc. said it made an e-commerce plugin for WordPress users available. Among its features, the plugin enables payment processing, PCI compliance, and fraud screening.Puerto Rico-based payment processor Evertec Inc. said it will donate $100,000 for disaster relief in the Bahamas, which have been racked by Hurricane Dorian.Compulocks Brands Inc. released a …
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4 September
U.S. Merchants Enabled 600,000 New Locations for Chip Card Acceptance in 2019’s First Half
U.S. merchants added 600,000 locations for EMV chip card acceptance in 2019’s first six months, and Visa issuers cranked out an additional 10 million EMV payment cards, according to new figures from Visa Inc. In its latest update on the U.S. conversion from magnetic-stripe payment cards to the EMV chip …
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4 September
USA Technologies Seeks Another Deadline Extension for Filing Late Reports; Shares Plunge
Already nearly a year late in filing the first of several overdue financial reports and with its stock facing delisting, vending machine payments provider USA Technologies Inc. on Wednesday reported it has asked The Nasdaq Stock Market LLC for yet another extension to file required documents. The delay request is …
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4 September
Southwest Airlines Will Add Apple Pay As a Payment Option
Southwest Airlines will join the roster of merchants that accept Apple Pay, according to an announcement Wednesday from CellPoint Digital and UATP. UATP, the airline-owned payment network, and CellPoint Digital, a travel industry payments specialist, said Dallas-based Southwest will make Apple Pay available across all channels to buy tickets and …
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4 September
Novopayment’s Instant-Payment Service and other Digital Transactions News briefs from 9/4/19
Payments provider NovoPayment said it is introducing instant-payment service Visa Direct for a range of payments, including person-to-person transfers and mass payouts. The move allows issuers, acquirers, and merchants to bring the services to market faster via application programming interfaces, the company said.EVO Payments Inc. said Aldelo, a point-of-sale software developer, selected …
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3 September
Small Shops Prove a Refuge for Last-Minute Buyers
Small merchants are often seen as threatened by e-commerce giants like Amazon.com Inc. that can deliver products to consumers in some cases hours after the order is placed. But it turns out local businesses across the country still do big business on the eve of major occasions like Christmas and …