Digital Transactions Authoritative, insightful and timely information for payments professionals
Banks and credit unions across the board are increasing deposit limits for mobile remote deposit capture transactions, and with the consumer remote-capture market mostly conquered, financial institutions are turning their attention to small businesses. Those are two highlights from RemoteDepositCapture.com’s 2017 study of the mobile-capture market. The Alpharetta, Ga.-based publishing …
January, 2018
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31 January
AmEx Acquires Mezi and other Digital Transactions News briefs from 1-31-18
Processor Fiserv Inc. reported that its Accel debit network has added new transaction-routing options, including the ability to process signature-based transactions. Wal-Mart Stores Inc. is using the new signature service, Fiserv said. Accel also will make signatures optional for merchants beginning in April, as are the four general-purpose card networks. …
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30 January
Advocates Look to EMV Fuel Pumps And Contactless Cards for Advances in Payments Tech
The U.S. Payments Forum on Monday reported that the vast majority of large U.S. merchants now accept EMV chip cards. With the conversion to chip from the old magnetic-stripe payment technology at the point of sale now over the hump, though still far from complete, advocates are looking at fuel …
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30 January
Chenault Joins Another Board and other Digital Transactions News briefs from 1-30-18
UATP, which is owned by and provides payment processing for many of the world’s airlines, said it is now accepted for U.S. ticket purchases on Expedia, Orbitz, and Travelocity. General Catalyst announced that soon-to-retire American Express Co. chief executive Ken Chenault has joined the venture-capital firm as chairman and a …
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30 January
Sage Payment Solutions Rebrands As Paya And Aims at Higher Visibility As a Payments Company
Seven months after paying $260 million for Sage Payment Solutions, the U.S. merchant-services arm of Sage Group plc, investment firm GTCR LLC is giving it a new name—Paya—and a refreshed strategy to add more merchants to its portfolio. Announced Tuesday, the Paya name for the Reston, Va.-based payments provider signifies a …
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29 January
Facing Popular P2P Rivals, Bank-Owned Zelle Posts Healthy Growth And Revs up Ads
In the hotly contested person-to-person payment business, financial institutions have felt left behind by technology impresarios like PayPal Holdings Inc. and Square Inc. that have entered the market over the past few years with slick P2P apps. But on Monday, the banks’ Zelle network released fresh numbers indicating healthy growth …
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29 January
Discover Goes for a Ride in San Diego and other Digital Transactions News briefs from 1/29/18
The U.S. Secret Service began warning financial institutions last week about ATM “jackpotting,” in which a machine quickly spits out huge amounts of cash after being physically compromised by organized gangs and infected with a variant of malware first seen in 2013, according to KrebsOnSecurity. Hackers are especially targeting Diebold …
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26 January
Bitcoin Transaction Fees Ease off Sharply, But How Long Will the Trend Last?
Long confirmation times and hefty transaction fees have pushed some Bitcoin backers to back away from the digital currency in recent weeks, but now there are signs that one of those problems is easing significantly while the other is growing much worse. The median transaction fee stood at $5.69 as …
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26 January
Your Opinion Counts
What impact might the PCI Security Standards Council’s recently released spec enabling PIN on glass transactions with commercially available, off-the-shelf devices have on mobile point-of-sale equipment sales? http://ow.ly/k2h030i1yQs #payments #survey
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26 January
Starbucks Brews New Cards and Mulls Blockchain Technology
Investors gave Starbucks Corp. the cold shoulder Friday morning on news that despite a record $6.1 billion in quarterly revenues, growth is slowing in the United States. But the coffee giant’s payments business has several initiatives brewing, executives reported late Thursday. A leader in closed-loop prepaid cards and mobile payments …