Digital Transactions Authoritative, insightful and timely information for payments professionals
A surge in gift transactions on the Zelle person-to-person payment network has led JPMorgan Chase & Co. to roll out a feature allowing its mobile users to send digital gift cards. The new service, announced Monday, is available now for both mobile and online customers and enables more than 60 …
April, 2019
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15 April
Shopify Launches a Brand Campaign That Could Give It Some Consumer Awareness
Merchant-services platform provider Shopify Inc. on Monday launched its first North American brand campaign, a marketing effort aimed at entrepreneurs that could have the side effect of making Shopify one of those rare payment processors that has a modicum of brand recognition among consumers. The reason for that is that …
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15 April
Fuel Pump Security Worries 62% and other Digital Transactions News briefs from 4/15/19
Ahead of a major push for EMV chip card payments at fuel pumps, some 62% of U.S. adults are concerned about the security of their financial data when making payments at fuel pumps or convenience stores, according to a March survey of 1,270 adults conducted by YouGov and released Monday …
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12 April
Its IPO Document Shows the Massive Extent of Uber’s Card Business
Uber Technologies Inc. doesn’t say a lot about its payment strategy in the registration statement it issued Thursday ahead of its highly anticipated initial public offering of stock, but the filing does reveal the ride-share leader is an enormous generator of payment card volume and card-acceptance fees. The statement says …
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12 April
Chase Racks up Double-Digit Volume Gains, While Wells Sees Digital-Banking Progress
Two the nation’s biggest banks on Friday reported gains in card volume, with JPMorgan Chase & Co. showing double-digit increases in merchant-processing volume as well as card spending. Chase’s first-quarter merchant volume totaled $356.5 billion, a 13% increase over the same period in 2018. The massive Chase Merchant Services unit …
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12 April
Global Payments Adds Discover Acquiring in Hong Kong and other Digital Transactions News briefs from 4/12/19
Global Payments Inc. has become an acquirer for Discover, Diners Club International, and affiliate partner card transactions in Hong Kong and Taiwan. Global Payments already acquires for Discover Financial Services in the United States, United Kingdom, and Canada. A growing trucking industry and a need to control fuel costs helped …
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11 April
Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October
Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk. Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community. Digital Transactions News obtained some of the key new …
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11 April
Blockchain Has a Long Way To Go in Winning Over Computer Professionals, Survey Says
It turns out that the people closest to computer technology are far from sold on blockchain and cryptocurrency. Some 80% of developers, data scientists, and engineers surveyed earlier this year indicated they are not using blockchain at all. Just 13% said they are using non-currency applications of the technology, while …
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11 April
3dcart Enables Online CBD Sales and other Digital Transactions News briefs from 4/11/19
E-commerce services provider 3dcart said it and Fort Point Payments now offer services to enable online sales of CBD products. CBD—short for cannabidiol—is a non-intoxicating extract of marijuana. JPMorgan Chase & Co., which began processing real-time payments about a year ago, is “approaching 1 million transactions per month,” according to …
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10 April
Amazon Go Stores To Accept Cash, Eventually
Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …