Digital Transactions Authoritative, insightful and timely information for payments professionals
The major U.S. payment card networks have been trying to set up shop to process domestic transactions in mainland China for years, only to encounter government resistance. But American Express Co. announced a breakthrough Friday with a deal to become the first overseas network to win an OK to operate …
November, 2018
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9 November
Most—73%—Will Shop in Stores This Holiday Season and other Digital Transactions News briefs from 11/9/18
A survey of 1,000 U.S. adults found 73% will shop at a store for gifts this holiday season, but 13% will also use a virtual assistant, such as Siri or Alexa. Some 57% will use a computer and 42% a mobile device, according to the poll, conducted by merchant processor …
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8 November
ACI Reports Quarterly Earnings and other Digital Transactions News briefs from 11/8/18
Payment processor Worldpay Inc. said pro-forma net revenues in its Technology Solutions e-commerce segment grew 17% year-over-year to $420 million while pro-forma revenues in its Merchant Solutions segment rose 4% to $506 million. Pro-forma revenues in the Issuer Solutions segment increased 4% to $91 million. Worldpay also promoted Mark Heimbouch …
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7 November
Dorsey Sees Square’s New Terminal Displacing ‘Dinosaur’ Devices on Merchant Countertops
Square Inc. on Wednesday played up its recent launch of an important new hardware product and celebrated what it called its first quarter of profitability under generally accepted accounting principles. While executives did not discuss sales numbers for Square Terminal, a $399 touchscreen-equipped handheld device the San Francisco-based company released …
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7 November
Green Dot Says It’s the Go-Between in the New Walmart-PayPal Cash Service
When retail giant Walmart Inc. and PayPal Holdings Inc. announced nearly a month ago that PayPal customers will be able to withdraw cash from, and deposit cash into, their accounts at U.S. Walmart stores, a major partner in that service wasn’t mentioned. On Wednesday, prepaid card services provider Green Dot …
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7 November
EVO Notes Revenue Increase and other Digital Transactions News briefs from 11/7/18
Three years after the EMV liability shift, fallback fraud, which bypasses protections against counterfeit card use, remains a problem for the U.S. payments industry, Auriemma Consulting Group said. Its data found that fallback fraud, which typically is a problem when markets first adopt EMV, still makes up more than 20% of …
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7 November
Predicted Contactless-Card Boom Remains Just That for Card Manufacturer CPI Card Group
Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc. Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as …
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7 November
Pay-at-the-Table Comes to a Restaurant Group With Ingenico Devices
A restaurant franchiser is deploying Ingenico Group point-of-sale terminals as part of a migration to pay-at-the-table payment acceptance at its TGI Friday’s and Zinburger Wine and Burger Bar locations, Ingenico announced Wednesday. The deal ultimately will see pay-at-the-table service, where the server brings the POS terminal to diners at their …
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6 November
Ingenico Sacks Its CEO As It Considers ‘Strategic Options’
Point-of-sale terminal maker and payment processor Ingenico Group on Monday announced an executive shakeup that saw long-time chairman and chief executive Philippe Lazare replaced by the former CEO of Visa Europe. Lazare’s replacement and other boardroom changes come shortly after the Paris-based company said it was exploring “strategic options” in …
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6 November
PaySimple in MarketSharp Deal and other Digital Transactions News briefs from 11/6/18
E-commerce platform 3dcart announced an integration with TradeGecko, a cloud-based inventory-management platform for business-to-business companies. The integration means online retailers can synchronize their 3dcart store with their TradeGecko account, 3dcart said. Payments provider PaySimple announced its services are now available to users of MarketSharp, marketing and management software program for …