Digital Transactions Authoritative, insightful and timely information for payments professionals
More than 40% of retail executives surveyed for the National Retail Federation’s latest payments study say they have already dropped signature requirements for payment card transactions or plan to do so before this year is out. Another 13% plan to end signature requirements in 2019. The actions come in the …
November, 2018
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16 November
Security Concerns Still Hold Back Mobile Payments, PSCU Survey Finds
Consumers still have fears about the safety of mobile payments, according to new findings from credit-union service organization PSCU. PSCU’s Eye on Payments survey released Thursday comes at least a decade after payments companies and researchers first determined that security concerns were holding back adoption of online and at the …
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16 November
The Race for the Top Slot in Smart Terminals Is on With an Entry From North American Bancard
The era of the smart point-of-sale terminal has already dawned, and now the race is on for dominance. North American Bancard Holdings LLC on Thursday launched its PayAnywhere smart terminal, which runs on NAB’s PayAnywhere mobile-payment software. The move follows news earlier this week that terminal startup Poynt Co. is …
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16 November
SignaPay’s Cash Discount App for Agents and other Digital Transactions News briefs from 11/16/18
Payments provider SignaPay released a mobile app for Apple and Android devices called PayLo Mobile Sales to help sales agents selling the PayLo Cash Discount product. Installment-payments provider Sezzle said it raised $100 million in funding from Bastion Capital. Since launching the service more than a year ago, Sezzle says …
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15 November
If Mobile Wallets Functioned More Like Leather Wallets, Usage Might Get a Lift, Research Says
Ever since mobile payments first captured the public imagination four years ago with the launch of Apple Inc.’s Apple Pay, experts have debated why usage of the iOS and Android wallets has fallen short of the original, lofty expectations. Some speculate that usage would rise markedly if the mobile wallets …
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15 November
The NASDAQ Accepts USA Technologies’ Compliance Plan, but an Internal Probe Continues
Vending machine payments provider USA Technologies Inc. reported Wednesday that The NASDAQ Stock Market LLC has accepted its plan to regain compliance with its listing rule. The company, however, still hasn’t completed an internal investigation of customer contracts that has delayed the filing of its financial reports. The NASDAQ in …
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15 November
AmEx Launches Virtual Payment Service and other Digital Transactions News briefs from 11/15/18
Boosted by its 2017 acquisition of Singular Payments, merchant processor Payment Data Systems Inc. said its credit card transactions rose 109% year-over-year in the third quarter and dollar volume rose 112%. Revenues increased 80% to $6.47 million from $3.59 million in 2017’s third quarter. The company reported a net loss of …
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14 November
Chase Gets Back Into Contactless Cards, Signaling Stronger Momentum for Tap-And-Go EMV
Giant card issuer Chase once again will issue contactless credit and debit cards, the bank announced Wednesday. Chase, a unit of JPMorgan Chase & Co., says it will begin later this year issuing contactless EMV cards bearing the Visa Inc. brand, first to its Chase Freedom Unlimited and Chase Slate …
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14 November
Cardlytics Adds Nearly 4 Million Consumers to It Rewards Platform, But Forecasted Revenues Fall Short
Rewards platform provider Cardlytics Inc. on Tuesday reported its user base and revenue per active user grew in the third quarter, but the company nonetheless trimmed its full-year revenue forecast. The company’s primary product, Cardlytics Direct, provides merchant-funded rewards programs distributed through financial institutions’ online and mobile-banking sites. Cardlytics Direct …
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14 November
BigCommerce Gives a Lift to Venmo’s Commerce Strategy As It Adds the P2P Service And Masterpass
The e-commerce platform BigCommerce Pty Ltd. on Wednesday announced two new supported payment methods, including PayPal Holdings Inc.’s Venmo service. With the addition of Venmo, Austin-based BigCommerce gave a big lift to PayPal’s strategy to find revenue for what has been a fast-growing but free peer-to-peer payment service, though merchant pricing …