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Digital River

Welcome to the News View for "Digital River".

Here, on these archive pages, you'll find all of the articles on Payments News for Digital River listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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August 12, 2014

Headline News from PaymentsNews.com - August 12, 2014

On the Web:

  • Back to Square One - Fast Company (Austin Carr) - "There's need for the urgency. Square's Reader and Register products are no longer unique; a slew of upstarts and big rivals such as PayPal, NCR, and VeriFone now offer their own equivalent iPad systems, which threaten to eat away at Square's merchant share and payments business."
  • Reviewed: Xapo’s Bitcoin Debit Card - CoinDesk - "Upon debut, CoinDesk finds that the Xapo Debit Card has potential to be a useful bitcoin spending tool, but there are a few hiccups it must overcome first."
  • Shift Is Developing A Debit Card That Lets You Spend Digital Currency, Loyalty Points And Regular Money - TechCrunch - "In the San Francisco Bay Area and elsewhere in the world, 100 people are testing out a debit card that lets them pay with bitcoin and Ripple, and, in the future, regular money and loyalty points."
  • Partnering with Clover & First Data - GoodLabs Blog - "With such massive scale, we were obviously thrilled to launch our first in-store integration on their Clover platform, and we can’t say enough awesome things about partnering with them."
  • First Data: Gyft Deal Will Help Us Evaluate Bitcoin - CoinDesk - "...though the focus of the acquisition was Gyft’s mobile gift card platform, the company intends to take advantage of Gyft’s position in the bitcoin space to further its knowledge of emerging payment methods."
  • Black Hat 2014: A New Smartcard Hack - IEEE Spectrum - "The U.S. scheme is a mixture, with some banks issuing chip-and-PIN cards and others going down the signature route. We may therefore be about to see a large natural experiment as to whether it is better to authenticate transactions with a signature or a PIN."
  • Improving Mobile Security with Biometrics - Portals and Rails Blog - "No matter what biometric authentication methodology a system uses, the most important step is validating each customer's biometrics upon enrollment in the program."
  • New York Prosecutors Charge Payday Loan Firms With Usury - New York Times - "Beneath the dizzying corporate structure, prosecutors said, was a simple goal: make expensive loans even in states that outlawed them."

On the Wires:

  • FleetCor Agrees to Acquire Comdata for $3.45 Billion - "As an issuer and a processor, Comdata provides fleet, virtual card, and gift card solutions to over 20,000 customers. It has approximately 1,300 employees and enables over $54 billion in payments annually."
  • Square Announces New Accounting and Inventory Integrations for Canadian Businesses - "Square's partner platform connects Square sellers with new applications that complement Square's register service. Continuing to build upon Square's powerful, affordable and accessible business solutions, the QuickBooks Online, Xero and Stitch Labs integrations are designed to simplify operations for businesses throughout Canada."
  • Digital River Expands Its Brazil Payments Offerings for Online Merchants - “Brazil is the fourth largest payment card market in the world,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “A number of our clients view Brazil as a strategic growth opportunity. We can help them navigate this highly complex market for cross border commerce, improve their authorization and conversion rates, and control overhead costs and risks associated with managing their own local entities.”
  • TSYS Enables Secure Commerce with Tokenization - "The proliferation of “card-on-file” models, both remote and proximity, has created an industry need to produce and use tokens including: card-on-file at a merchant’s cart, digital wallets, QR and Bar codes, NFC and chip."
  • CFPB Warns Consumers About Bitcoin - "“Virtual currencies may have potential benefits, but consumers need to be cautious and they need to be asking the right questions,” said CFPB Director Richard Cordray. “Virtual currencies are not backed by any government or central bank, and at this point consumers are stepping into the Wild West when they engage in the market.”
  • Fiserv White Paper Outlines the Unique Mobile Banking Needs of Business Customers - “With more businesses using digital banking services, there is a focus on providing specialized mobile banking capabilities which cater to the needs of this attractive market segment,” said Teri Carstensen, division president, Bank Solutions, Fiserv.
  • American Express unveils The Centurion(SM) Lounge in New York LaGuardia Airport - “New York might be the city that never sleeps, but our Card Members can now find an oasis at LaGuardia Airport to relax and refresh when they’re traveling into and out of the city,” said Lisa Durocher, Senior Vice President, Consumer Charge Cards & Benefits at American Express. “As our third Centurion Lounge, opening the LaGuardia Airport location marks a huge milestone for us, and brings us closer to our goal of creating a better airport experience for our Card Members.”
  • Commerce Bank Introduces the USA Triathlon Visa® Rewards Credit Card - “We are excited to enter into a relationship with USA Triathlon and to offer their members a customized credit card as way to show their support for the organization and enthusiasm for one of the fastest growing sports in the U.S. Olympic movement,” said Chad Doza, Senior Vice President of Consumer Credit Card.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

June 16, 2014

Digital River Now Accepting Bitcoin

Digital river world payments logo 140pxDigital River has announced it has added bitcoin as a payment option for merchants that are selling online in the United States and using its small to mid-sized commerce solution. Bitcoin will now be available along with other international payment options, such as credit and debit cards, wire transfers, bank transfers and third-party wallets.

“Bitcoin continues to attract more mainstream attention,” said Tom Peterson, executive vice president and general manager of commerce at Digital River. “We’re excited to be among the first pure play ecommerce providers to make the cryptocurrency available for small to mid-sized businesses interested in providing their online shoppers more payment choices and added convenience.

“Because Digital River acts as the merchant- and seller-of-record, our international base of customers can accept and process bitcoin payments in their U.S. online stores with less risk than they could on their own,” added Peterson. “In addition, this business model creates an opportunity for our customers to offer payment solutions that may be in earlier stages of adoption in their domestic markets.”

Digital River partnered with San Francisco-based Coinbase, a bitcoin wallet and platform provider, to handle the conversion of bitcoin into U.S. dollars and process the payments.

April 24, 2014

Headline News from PaymentsNews.com - April 24, 2014

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

April 23, 2014

Headline News from PaymentsNews.com - April 23, 2014

On the Web:

  • SATOSHI'S REVOLUTION: How The Creator Of Bitcoin May Have Stumbled Onto Something Much, Much Bigger - Business Insider - ""For the first time, two people can exchange a piece of digital property, without any prior relationship, and in a secure way, over the Internet," Jeff Garzik, one of Bitcoin's core developers..."
  • Africa’s Tech Edge - The Atlantic - "How the continent's many obstacles, from widespread poverty to failed states, allowed African entrepreneurs to beat the West at reinventing money for the mobile age..."
  • It's Time for the Industry to Embrace Phased-In, Same-Day ACH - American Banker BankThink (Pat Thelen) - "As an industry, we're at a crossroads on whether to evolve or be left behind. If we choose not to evolve, we risk becoming irrelevant."
  • Beyond their breach - BillGuard Blog - "At this point, we might as well walk around with our credit card numbers plastered on our foreheads."
  • The Mobile Security Journey at Wells Fargo - Bank Systems & Technology - "With mobile adoption growing so fast and providing a constant touchpoint with customers (Wells’ mobile customers log in an average of 13 times each day), embedding security, without hurting the customer experience, is a top priority for the bank, Ajami shares."

On the Wires:

  • IDC Financial Insights Unveils Results from 2014 Consumer Payments Survey - "After several years of growth, the market for 'alternative' payment methods is now entering a period where adoption gains may come more slowly and where simply providing an alternative isn't enough. Instead, providers need to offer products that add value beyond the payment," said James Wester, practice director for Worldwide Payment Strategies and the author of the report.
  • Domino's Pizza® Now Accepting Payment via Google Wallet - "Google Wallet is a great technology that allows customers even more flexibility and convenience when it comes to paying for their Domino's orders."
  • Digital River Extends Its SMB Payments Solution to U.K. Merchants - "The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound Sterling."
  • 2Checkout Appoints Shawn Budde as CEO - "Mr. Budde has more than 25 years of experience in the finance industry including executive roles at Citibank and Capital One; data analytics experience at Sears Holdings; and as co-founder and President at ZestFinance, a VC-backed technology company."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here: gotnews@paymentsnews.com!

October 07, 2013

Headline News from PaymentsNews.com - October 7, 2013

On Twitter:

On the web:

  • In Las Vegas, Alternative Currency Buffs Are Making The Case That Bitcoin WIll Do To Money What The Web Did To Information - "Bitcoin today is in a similar state that the Internet was in 1992. It's functional and useful, but the great use cases are only just now happening. It's only going to get better and better."
  • India’s audacious plan to bring mobile payments to the masses: pair them with a national ID card - Quartz - "Nandan Nilekani, a founder of Infosys and the man in charge of the Aadhar scheme, suggested last week that the platform the cards run on will be extended to include peer-to-peer money transfers."
  • Ripple Takes on Western Union With Deal to Grow Payments - Bloomberg - "Ripple, a San Francisco-based startup, operates payments software and a digital currency that resides in a consumer’s account known as a Ripple Wallet. Under the agreement, Ripple will let consumers link those Wallets to ZipZap accounts."
  • Apple's Mobile Commerce Mojo - Pymnts.com (Karen Webster) - "Well, we don’t think they’re right and the little slide deck that is attached gives you 7 reasons why Apple is the last company on earth that should be written off as a loser in mobile commerce."
  • Fraud Happens. So What Do You Do? - Portals and Rails Blog (Douglas King) - "The important takeaway I got from this report is that no matter the technology or standard used on payment cards, it remains critical to keep personally identifiable information protected and to continue to educate consumers about sound payment practices."
  • The Evolution of Electronic Payments - "This infographic created by SwitchPay, a mobile payments company, visually represents the evolution of electronic payment technology from the first mention of the credit card in a novel published in 1887, the birth of ecommerce from the first online purchase, to the advancement of mobile payment technology."

On the wires:

Updates from Glenbrook:

  • Looking for consulting help from Glenbrook? Let us know your needs here - and we'll get right back to you!
  • Join us for our new series of Glenbrook Payments Boot Camps coming this month - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

September 19, 2013

Headline News from PaymentsNews.com - September 19, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

September 18, 2013

Headline News from PaymentsNews.com - September 18, 2013

On the web:

On the wires:

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with Bill.com CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

August 29, 2013

Digital River Launches Mobile Payments Acceptance Solutions

Digital river world payments logo 140pxDigital River has announced the launch of Beanstream Mobile, a suite of mobile payment solutions for iOS and Android devices that enables merchants to turn mobile devices into "a portable card swipe, cash register and comprehensive solution." Beanstream Mobile works with an encrypted card reader and a free downloadable app.

“Existing mobile payment solutions have fallen short for merchants with multi-currency operations, in-store and online sales, and inventories,” said Souheil Badran, senior vice president and general manager, global payments and commerce at Digital River.

“Now, merchants will be able to unify their payment channels with one device and accept credit card mobile payments in 140 currencies through an integration with Digital River World Payments’ international bank connections.”

Unlike most mobile payment solutions, Beanstream Mobile’s interface and encrypted card reader are specifically designed to be white-labeled by brands and financial institutions.

The free Beanstream Mobile apps are now available in the Apple iTunes and Google Play stores. Beanstream API is also available for developers who wish to integrate mobile payment capabilities into their application.

August 19, 2013

Headline News from PaymentsNews.com - August 19, 2013

On the web:

On the wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it: gotnews@paymentsnews.com!

March 29, 2013

December 21, 2012

September 24, 2012

July 09, 2012

June 21, 2012

Digital River Offers Global Cloud-Based Subscription Billing

Digital river world payments logo 140pxDigital River announced that it enhanced its Digital River World Payments solution to include cloud-based subscription billing.

“More merchants are seeking end-to-end subscriptions solutions to meet the complex billing expectations of today’s connected consumers,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “The addition of our cloud-based subscription solution further strengthens our support of merchants throughout the entire payment and subscription lifecycle. We can now act as the single partner merchants rely on for payment-related services to help them drive continued recurring revenue growth across global markets.”

May 16, 2012

Digital River to Provide Developers with Access to Cloud Commerce APIs

Digital river world payments logo 140pxDigital River has announced 'Digital River Connect' to provides developers with access to its Global Commerce and Commerce Express application programming interfaces (APIs) and enables commerce-as-a-service (CaaS).

“An open and accessible API is a critical component of today’s digital ecosystems,” said James Gagliardi, Digital River’s vice president of product and innovation. “We’ve designed the Digital River Connect technology from the ground up to set the standard in this area. It combines the power and capabilities of our enterprise-level solutions with a new, easy-to-use interface that lets developers become productive quickly – fostering a rapid onboarding process with an integrated test console that lets developers learn about our APIs and start using them in a single, seamless experience.”

May 15, 2012

April 25, 2012

December 01, 2011

Digital River Launches Global, Cloud-Based Subscription Billing Service

Digital river world payments logo 140pxDigital River announced the launch of a cloud-based subscription billing and commerce service.

The offering, which is part of the Digital River Global Commerce enterprise solution, enables companies to sell their services and physical and digital products to online shoppers using fully customizable subscription models tailored to maximize revenue and customer satisfaction. Supported by a wide range of recurring billing terms and more than 20 global payment methods, companies can use the technology to automate the online sale of everything from access and membership fees to warranty periods, service contracts and physical product accessories.

November 07, 2011

October 13, 2011

July 20, 2011

July 14, 2011

May 31, 2011

PayPal Leverages Digital River World Payments to Enter Brazil

Digital river world payments logo 140pxDigital River has announced that PayPal is leveraging its Digital River World Payments solution to support local online payment processing in Brazil and Mexico. "This geographic expansion adds to the companies’ existing relationship, which now includes payment services across multiple continents."

April 12, 2011

Digital River Awarded eCommerce Risk Management Patent

Digital river world payments logo 140pxDigital River recently announced that the U.S. Patent and Trademark Office has issued U.S. Patent No. 7,881,972 entitled, Electronic Commerce System and Method for Detecting Fraud.

As part of the dynamic cross-linking data techniques inherent in Transaction Defender, this technology uses transaction information given by customers during the online checkout process to make instantaneous fraud detection decisions. The technology continually scans data points delivered from more than 150,000 Digital River hosted global online stores to reveal new risk patterns and trends in real-time and quickly identify and stop fraud attacks through one central action.
This patent describes fraud detection technology specifically for purchase order transactions processed by online stores.

November 04, 2010

Digital River Introduces a Full-Service, Stand-Alone Global Payments Solution

digital_river_world_payments_logo_140px.pngDigital River has announced a "comprehensive stand-alone global e-payments solution for online merchants in markets, including e-retail, travel and entertainment, and online services. Designed to increase revenue and customer lifetime value, Digital River World Payments enables online merchants to manage the entire payment lifecycle through a single connection to a payment gateway, merchant account services or fully outsourced payment programs."

More information is available at www.digitalriverpayments.com.

June 01, 2010

New on PaymentsJobs.com - Senior Sales Executives at Digital River

PaymentsJobs.comDigital River has posted new position openings on our PaymentsJobs.com job board. These positions, based in the US, are for Senior Sales Executives to expand Digital River's footprint for its international payment processing and related back office services in North America. If you're interested in applying, be sure the checkout the full posting.

Is your company hiring? Are you in the market for qualified payments professionals? Post your openings for payments professionals on PaymentsJobs.com! Got multiple job openings to post? Contact me for a special discount!

May 05, 2010

Austria-based fatfoogoo Acquired by Digital River

Digital RiverDigital River has announced it has acquired fatfoogoo, a Europe-based, in-game and online commerce service provider. According to the company, "the combined forces of Digital River’s e-commerce solutions with fatfoogoo’s technology will offer game publishers and developers an unparalleled, single e-commerce connection to manage their online product sales both in-store and in-game." Digital River paid approximately $10 million for fatfoogoo plus an additional earn-out opportunity tied to performance. READ MORE »

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