Digital Transactions Authoritative, insightful and timely information for payments professionals
In an effort to make its cards more financially attractive to merchants, American Express Co. plans to cut its worldwide discount rate by potentially up to three times the level it had previously predicted for 2018. AmEx, generally the costliest of the major card brands for merchants to accept, typically …
March, 2018
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9 March
Veem Now Offers Working Capital and other Digital Transactions News briefs from 3/9/18
Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine. Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices. Payments provider Century Business Solutions …
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8 March
VeriFone’s Services Side Grows as Its North American Petroleum Business Struggles
VeriFone Systems Inc.’s North American revenues dipped sharply in the quarter ended Jan. 31, but the point-of-sale terminal and payment software provider nonetheless said it exceeded its financial expectations as software and services sales rose even as hardware sales fell. San Jose, Calif.-based VeriFone on Thursday reported total revenues of …
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8 March
E-Commerce Specialist Stripe Snaps up Faster EMV Developer Index in Multichannel Play
The search by online-payments kingpins for avenues into physical-world stores reached a new milestone with the acquisition by Stripe Inc. of point-of-sale technologist Index Inc. Terms of the deal were not disclosed, according to an Index spokesperson, who added the company has no immediate comment on the transaction. A Stripe …
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8 March
Making Mobile Better for Consumers May Be Worth the Investment, Worldpay Survey Indicates
Merchants wondering whether it’s worth it to invest in improving the consumer experience on their mobile Web sites or mobile-shopping apps may want to consider the findings of Worldpay Inc.’s “Mobile Payment Journey” survey. In the survey, released this week, 37% of U.S. consumers said they would spend more for …
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8 March
Zelle’s Rx Includes Strong but Simple Messaging, Emphasis on Requests, and Greater Generational Appeal
The newbie bank-controlled Zelle person-to-person payments service already is a major player on the P2P scene, but it could win even greater adoption through clear messaging, a mobile-first orientation, more emphasis on its underutilized request feature, and an appeal beyond Millennials. Those and many other recommendations and observations are included …
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8 March
The Bancorp Bank Settles With the FDIC and other Digital Transactions News briefs from 3/8/18
Mobile-payment and -loyalty provider LevelUp announced an integration with Gusto Point of Sale, a vendor of Web, kiosk, and mobile technology for restaurants. Under a settlement between the Federal Deposit Insurance Corp. and The Bancorp Bank, the prepaid card issuer is to pay a $2 million fine and nearly $1.3 …
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7 March
A Trio of States Are Now Looking at Cryptocurrency for Tax Payments
Bitcoin as a payment method may have its critics, but apparently some state governments looking for new ways to collect taxes aren’t too concerned. Illinois is now the third state to introduce legislation that would clear the way for citizens to pay their obligations with cryptocurrency, joining Arizona and Georgia. …
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7 March
Some Debit Card Fraud Increased in 2017 and other Digital Transactions News briefs from 3/7/18
The number of debit cards compromised at ATMs and merchant terminals increased 10% in the United States last year, according to antifraud-technology vendor FICO. Newtek Business Services Inc., owner of Newtek Merchant Solutions and Premier Payments LLC, says its payments unit processed $6.1 billion in volume last year. Point-of-sale terminal …
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6 March
WePay Deal Could Put TouchBistro’s POS Service on the Payment Menus of More U.S. Restaurants
Some 12,000 restaurants in 100 countries already use Toronto-based TouchBistro Inc.’s iPad-based point-of-sale software, but a new agreement with JPMorgan Chase & Co.’s WePay subsidiary could put TouchBistro in touch with many more U.S. eateries. TouchBistro and Chase on Tuesday unveiled TouchBistro Payments Powered by WePay, which will launch this …