Content about payment systems

September 30, 2014

American Express has promoted Neal Sample, currently Enterprise Growth’s chief information officer and chief marketing technologist, to president. He will report to American Express CEO Kenneth I. Chenault and will serve as a member of the company's operating committee.

American Express has promoted Neal Sample, currently Enterprise Growth’s chief information officer and chief marketing technologist, to president. He will report to American Express CEO Kenneth I. Chenault and will serve as a member of the company's operating committee.

Sample replaces Dan Schulman, formerly group president of Enterprise Growth, who has resigned his position to become CEO of eBay’s spun-off PayPal business.

September 30, 2014

It’s official. Following a strategic review of the company’s growth strategies and structure, the eBay board has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions.

It’s official. Following a strategic review of the company’s growth strategies and structure, the eBay board has approved a plan to separate the company’s eBay and PayPal businesses into independent publicly traded companies in 2015, subject to customary conditions.

September 24, 2014

Walmart already offers a prepaid debit card, credit card, check cashing and money transfers, but it’s expanding its financial services to include an exclusive checking account called GoBank, with Green Dot Corp., a prepaid-cards specialist.

Walmart already offers a prepaid debit card, credit card, check cashing and money transfers, but it’s expanding its financial services to include an exclusive checking account called GoBank, with Green Dot Corp., a prepaid-cards specialist.

The checking account is linked to MasterCard debit cards. GoBank, which will be available nationwide by the end of October, doesn’t charge overdraft fees or minimum balance fees and waives the monthly membership cost of $8.95 with qualifying direct deposits of $500 a month.

September 24, 2014

E-commerce platform WooCommerce has partnered with LevelUp to lower payment processing costs for merchants.

E-commerce platform WooCommerce has partnered with LevelUp to lower payment processing costs for merchants.

WooCommerce merchants can now accept LevelUp payments for a flat 1.95% processing rate. Merchants will also be able to run a full suite of revenue-driving marketing campaigns.

September 23, 2014

PayItSimple, a new service that lets consumers charge any purchase on their existing credit cards and pay it back in monthly, interest free installments, has launched in the United States.

PayItSimple, a new service that lets consumers charge any purchase on their existing credit cards and pay it back in monthly, interest free installments, has launched in the United States.

PayItSimple supports an omnichannel shopping experience and is available for e-commerce, brick-and-mortar, mobile and all other payment platforms.

September 23, 2014

PayPal is further expanding its relationship with payment service provider BitPay, which specializes in e-commerce, B2B and enterprise solutions for the bitcoin digital currency. The first joint project is an integration with PayPal’s Payments Hub, which is PayPal’s alternative payment platform for digital goods.

PayPal is further expanding its relationship with payment service provider BitPay, which specializes in e-commerce, B2B and enterprise solutions for the bitcoin digital currency. The first joint project is an integration with PayPal’s Payments Hub, which is PayPal’s alternative payment platform for digital goods.
 

September 10, 2014

Recently, I was out shopping with my children and we saw a pay phone bolted to the wall near the checkout line of a store. It didn’t appear to be operational, but there it stood. “What’s that?” my 11-year-old daughter asked.

Recently, I was out shopping with my children and we saw a pay phone bolted to the wall near the checkout line of a store. It didn’t appear to be operational, but there it stood. “What’s that?” my 11-year-old daughter asked.

September 3, 2014

Staples has enhanced its omnichannel offerings, enabling small business owners to buy products online and pick them up in stores within hours, pay online via Visa Checkout, use in-store kiosks and download and use a dedicated iPad app.

Staples has enhanced its omnichannel offerings, enabling small business owners to buy products online and pick them up in stores within hours, pay online via Visa Checkout, use in-store kiosks and download and use a dedicated iPad app.

August 28, 2014

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has become a Demandware LINK Technology Partner.

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has become a Demandware LINK Technology Partner.

BitPay will be joining a community committed to accelerating the adoption of innovative commerce technologies that are complementary to the Demandware Commerce platform. Demandware’s clients will now be able to easily add bitcoin as a form of payment via BitPay’s development of a pre-built integration between its payment processing services and the Demandware Commerce platform.

August 21, 2014

ATM company Payment Alliance International announced Thursday that it would be partnering with Los Angeles-based SchoolsFirst Federal Credit union to brand ATMs at Rite Aid locations in the city.

ATM company Payment Alliance International announced Thursday that it would be partnering with Los Angeles-based SchoolsFirst Federal Credit union to brand ATMs at Rite Aid locations in the city.

Some 109 ATMs will be emblazoned with the credit union’s color and logo, and members will be able to use them without incurring an ATM fee. PAI, which owns, the ATMs, will operate and maintain them.

August 14, 2014

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has expanded its San Francisco office with several new hires.

The company has named Sonny Singh as its chief commercial officer to oversee all sales operations. With more than 15 years of experience in helping to grow tech companies, Singh will be responsible for increasing BitPay’s customer base of more than 40,000 merchants.
 

August 13, 2014

Amazon launched a mobile point-of-sale solution called Amazon Local Register that gives merchants a low-cost payment acceptance method while providing it with new insights into offline commerce.

Amazon launched a mobile point-of-sale solution called Amazon Local Register that gives merchants a low-cost payment acceptance method while providing it with new insights into offline commerce.

August 13, 2014

E-commerce giant Ratuken’s U.S. fulfillment service, Ratuken Super Logistics, has begun to accept Internet currency Bitcoin as payment.

E-commerce giant Ratuken’s U.S. fulfillment service, Ratuken Super Logistics, has begun to accept Internet currency Bitcoin as payment.

The company will accept payment from its customers immediately for fulfillment services and software delivery through the company BitPay.

August 6, 2014

Payment solutions provider Global Payments has signed a referral agreement with BitPay, a payment service provider (PSP) specializing in bitcoin digital currency, which will allow Global Payments to incorporate the cryptocurrency into its product suite and offer bitcoin payment acceptance to its worldwide merchants.

Payment solutions provider Global Payments has signed a referral agreement with BitPay, a payment service provider (PSP) specializing in bitcoin digital currency, which will allow Global Payments to incorporate the cryptocurrency into its product suite and offer bitcoin payment acceptance to its worldwide merchants.

July 30, 2014

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has unveiled a new pricing plan that offers basic payment processing free, forever.

BitPay, a payment service provider (PSP) specializing in e-commerce, B2B and enterprise solutions for the bitcoin digital currency, has unveiled a new pricing plan that offers basic payment processing free, forever.

The company is hoping to leverage the pricing plan to woo businesses into accepting bitcoin for goods and services.

July 28, 2014

The National Retail Federation (NRF), Retail Industry Leaders Association (RILA), Food Marketing Institute (FMI), Merchant Advisory Group, National Association of Convenience Stores (NACS), National Grocers Association and National Restaurant Association (NRA) are jointly calling for an open and universal tokenization standard in the U.S. payments system.

The National Retail Federation (NRF), Retail Industry Leaders Association (RILA), Food Marketing Institute (FMI), Merchant Advisory Group, National Association of Convenience Stores (NACS), National Grocers Association and National Restaurant Association (NRA) are jointly calling for an open and universal tokenization standard in the U.S. payments system.

The groups released a statement saying payment card data is currently vulnerable to theft where card information is swiped or entered, where card information is stored, and where it is transmitted.

July 25, 2014

Visa has rolled out Visa Digital Solutions, a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables.

Visa has rolled out Visa Digital Solutions, a comprehensive suite of offerings that facilitate secure payments across a broad range of Internet-connected devices and wearables.

Visa Digital Solutions fall into two main categories of supporting new payment models and protecting consumers and supporting innovation: Support for New Payment Methods and Technology That Protects Consumers and Supports Industry Innovation.

July 21, 2014

GameStop customers can now exchange gift cards online for a GameStop e-gift card. The new offering is part of a partnership with Cardpool, a leading gift card exchange platform.

GameStop customers can now exchange gift cards online for a GameStop e-gift card. The new offering is part of a partnership with Cardpool, a leading gift card exchange platform.

Consumers can trade in plastic and e-gift cards online by filling out the individual gift card information at https://gamestop.cardpool.com. Once the information is verified and the transaction is complete, consumers receive a GameStop e-gift card via email that they can use at one of the more than 4,400 store store locations nationwide or online.

July 21, 2014

Tantrum Street has added Roman Kikta, managing partner and founder of Mobility Ventures, to its board, where he will provide strategic guidance for the retail technology startup as it rolls out its Cartwheel Register mobile checkout app and Skip Wallet digital wallet app to the North American market.

Tantrum Street has added Roman Kikta, managing partner and founder of Mobility Ventures, to its board, where he will provide strategic guidance for the retail technology startup as it rolls out its Cartwheel Register mobile checkout app and Skip Wallet digital wallet app to the North American market.

July 18, 2014

Paying online got easier for Visa cardholders this week thanks to its launch of Visa Checkout. The service will allow users to register their card and then complete their purchases by entering their Checkout username and password.

Paying online got easier for Visa cardholders this week thanks to its launch of Visa Checkout. The service will allow users to register their card and then complete their purchases by entering their Checkout username and password.

July 17, 2014

eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.

eBay enabled record levels of e-commerce and transaction volume via its PayPal subsidiary during the second quarter ended June 30.

The global commerce platform and payments leader said revenue for the period increased 13% to $4.4 billion as the volume of e-commerce activity it facilitated (a metric eBay calls Enabled Commerce Volume or ECV) increased 26% to $62 billion. Net income increased 6% to $676 million, or 53 cents a share, compared to net income of $640 million, or 49 cents a share.

July 1, 2014

Online consumer electronics retailer Newegg has begun offering its 25 million registered users the ability to pay for 10.5 million products using the bitcoin digital currency.

Online consumer electronics retailer Newegg has begun offering its 25 million registered users the ability to pay for 10.5 million products using the bitcoin digital currency.

The new payment capability is being offered through a relationship with BitPay, a payment service provider specializing in the bitcoin digital currency.

June 27, 2014

Payment Alliance International (PAI), a leading retail ATM solutions company, and OnPoint Community Credit Union have entered into an agreement to brand ATMs at all 72 Rite Aid pharmacies in Oregon.

Payment Alliance International (PAI), a leading retail ATM solutions company, and OnPoint Community Credit Union have entered into an agreement to brand ATMs at all 72 Rite Aid pharmacies in Oregon.

PAI will own and operate the ATMs, which will be outfitted with OnPoint Community Credit Union’s branding. OnPoint members will have surcharge-free access to cash at Oregon Rite Aid pharmacies beginning July.

June 24, 2014

Subscription billing management company Recurly has appointed Renato Mascardo, former VP of engineering at Rosetta Stone, as its new chief technology officer.

Subscription billing management company Recurly has appointed Renato Mascardo, former VP of engineering at Rosetta Stone, as its new chief technology officer.

“We are delighted to have Renato join our leadership team,” said Dan Burkhart, CEO for Recurly. “He brings a passion software innovation and a pride in world-class execution which is exciting for a company at our stage of growth.”

June 23, 2014

Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.

Green Dot Corporation has hired Thien Truong as SVP of business development and sales. Truong comes to Green Dot from American Express, where he most recently served as VP of retail and mall channels for the U.S. Payment Options group.

While at American Express, Truong led the expansion of the brand's prepaid solutions, including the nationwide launch of its prepaid card, Serve.