JetPay Corporation Announces CollectorSolutions Merger
JetPay – JetPay® Corporation (“JetPay” or the “Company”) (NASDAQ: “JTPY”), a leading provider of ecommerce debit and credit card processing, payroll and human capital management, and prepaid card services, today announced the signing of a »
JPMorgan tests blockchain for dollar transfers; strikes Starbucks deal
Finextra – 2/23/16: JPMorgan Chase is testing the use of distributed ledger technology to move US dollars between London and Tokyo, working with about 2200 clients on the trial ahead of possible live transactions later »
Retailers falling short of earlier predictions on EMV readiness
SC Magazine – 2/22/16: A new survey of U.S. payment service providers revealed that approximately 37 percent of retailers were ready to process EMV payments by Feb. 1, 2016 — four months after the official deadline »
Visa expands Visa Ready Program to wider range of connected devices
NFC World – 2/22/16: Visa is expanding its Visa Ready certification program to include Internet of Things (IoT) companies such as manufacturers of wearables, automobiles, appliances and clothing so that secure payments can be added to a wider »
Most Stores Still Aren’t Using New ‘Dip’ Credit Card Machines
NBC News – 2/19/16: By now, most Americans have gotten letters from their banks and credit card companies containing new “chip cards.” Touted as a feature to help improve security, the new technology might reassure »
Merchant EMV Migration Slower Than Anticipated: Report
PaymentsSource – 2/18/16: Only 37% of U.S. merchant locations are fully equipped for EMV card acceptance, narrowly missing a projected 40% rate of deployment predicted by management consulting firm Strawhecker Group, according to research it »
Survey: Adoption of chip-enabled credit cards falls behind
USA Today – 2/17/16: Businesses are falling behind schedule when it comes to being able to accept chip-enabled credit cards, a new survey finds. Despite an October milestone that largely shifted the burden of liability to »
Apple Pay Heading To China This Week
Nasdaq – 2/16/16: Apple Inc.’s electronic payment service Apple Pay will be launching in China, the world’s biggest smartphone market, on February 18 at 5 a.m. local time. Social media posts from China Guangfa Bank »
LG drops MWC debut for mobile payments
Mobile World Live – 2/15/16: LG Electronics scrapped the launch of its anticipated LG Pay service at next week’s Mobile World Congress, because it could distract attention from G5, its new flagship smartphone. Holding back »
Visa discloses 9.99 percent stake in Dorsey-led Square
CBS News – 2/12/16: Visa is now a major shareholder in Square (SQ), the mobile payment services company co-founded and led by Jack Dorsey. Shares of Square rose more than 9 percent, to $9.37, in »
PayPal Commerce Matches Stripe With PayPal’s Own Native Shopping Toolkit For Apps
TechCrunch – 2/11/16: PayPal’s first acquisition after it separated from eBay in 2015 was of a young startup called Modest, which had built a platform for small businesses to integrate buy buttons across third-party apps. Now, PayPal is taking the wraps »
ANZ launches mobile payments service for Android smartphones
Finextra – 2/10/16: ANZ has followed in the footsteps of compatriot NAB with the launch of a new mobile payment service for Android smartphones, ANZ Mobile Pay, as the country’s biggest banks continue their boycott »
Heartland Acquires Beanstalk Data
BusinessWire – 2/9/16:Heartland Payment Systems (NYSE: HPY), one of the nation’s largest payment processors, today announced it has acquired privately held Beanstalk Data, a leading provider of customer engagement platforms for restaurants in the United States. The »
This Pebble Time strap will let you pay for things just like the Apple Watch
The Verge – 2/8/15: It took some time, but we’re starting to see a few promising smartstraps that add new features to the Pebble Time smartwatch. There’s one with a built-in heart rate monitor and wireless »
House of Representatives Votes to End Obama’s ‘Operation Choke Point’
The Hill - 2/4/16: The House passed a bill Thursday that would make it harder for bank regulators to order banks to close certain accounts. The legislation, which passed by a vote of 265 to 159, is »
Mercury and Element Are Now Vantiv Integrated Payments
Nasdaq – 2/4/16: Vantiv, Inc. announced today that Mercury Payment Systems, a leading provider of payments technology and services for small and medium-sized businesses (SMBs), and Element Payment Services, a recognized leader in PCI compliant payment processing »
D+H applies distributed ledger tech to payments services hub
Finextra – 2/3/16: DH Corporation (“D+H”) (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced that it has successfully integrated blockchain distributed ledger technology into its global payments services hub. »
Visa Launches Commerce Network to Drive Merchant Sales and Deliver New Cardholder Benefits
BusinessWire – 1/29/16: Visa Inc. today announced the launch of Visa Commerce Network, a new way for merchants to create online and in-app commerce experiences to acquire new customers, drive loyalty and increase sales with »
Apple Pay and Android Pay are coming to ATMs in the US this year
The Verge – 1/28/16: Contactless ATMs have been available in countries like Spain and Canada for some time, but they haven’t made their way to the US. That will soon change, thanks to the proliferation »
Venmo is taking on Apple Pay with in-app purchases
The Verge - 1/27/16: Venmo, the PayPal-owned app that lets you send money with your smartphone, is expanding from peer-to-peer payments to in-app purchases in a direct challenge to Apple Pay and Samsung Pay. The company today »
