Digital Transactions Authoritative, insightful and timely information for payments professionals
Adyen N.V. has had a busy year, and on Tuesday it made yet another significant move by announcing it is now doing business in Canada. The Dutch payments company, which already operates in the United States and Latin America as well as Europe and Asia, also announced four brands as …
October, 2018
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30 October
Pushpay Updates for the Religious Sector and other Digital Transactions News briefs from 10/30/18
Prepaid-card provider Card.com said it will feature images of top National Football League players on Visa-branded prepaid cards in a deal with the NFL Players Association. More than 200 player image cards are available. Pushpay Holdings Ltd., a specialist in payments to the U.S. religious sector, said it now offers more …
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29 October
First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants
First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …
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29 October
COMMENTARY: Why an Omnichannel Strategy for Mobile Payments Is Crucial for Merchants
It’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay has ushered in the modern era of mobile payments. These “Pays” have been joined by mobile-payment solutions from retailers like Starbucks and Walmart, and together with P2P apps that can be used at …
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29 October
Ripple Doubles XRP Sales and other Digital Transactions News briefs from 10/29/18
Mobile-payments company PayByPhone said consumers can use its app to pay for parking operated by Tacoma Platinum Parking Partners. PayByPhone said the service covers more than 100 parking spaces in the Washington city. Ripple Labs Inc. said it sold $163.3 million of its XRP cryptocurrency in the third quarter, more …
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26 October
Faster Payments Are Coming to Acquiring, Triggering Opportunity for Payments Providers
When it comes to faster payments, merchants don’t want to be left out, and that’s creating a big opportunity for payments processors and other merchant acquirers. Indeed, as the payments industry shifts toward real-time and near-real-time money movement, processors can cash in on the value of getting good funds into …
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26 October
Shopify Adds Venmo and other Digital Transactions News briefs from 10/26/18
Online marketplace Shopify Inc. says it will add Venmo as a payment option, MarketWatch reported. PayPal Holdings Inc., Venmo’s parent, has been promoting a Pay With Venmo service to encourage more users of Venmo, known chiefly as a peer-to-peer payment app, to rely on the service for online purchases. The …
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25 October
New CEO Says Payments Are a ‘Big Part’ of Discover’s Growth Strategy
Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded …
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25 October
Shopify Posts Higher Volume and other Digital Transactions News briefs from 10/25/18
In an online question-and-answer session with sellers, eBay Inc. said its new Managed Payments platform will add PayPal as a payment option by next summer. The new platform relies on payments provider Adyen as a gateway to a variety of payments options. E-commerce processor Shopify Inc. reported an operating loss …
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24 October
Visa CEO Predicts 100 Million Contactless Cards in a Year
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But chief executive Alfred F. Kelly gave an eyebrow-raising statistic Wednesday regarding …