As for the notion that
the big payment processors may fear cryptocurrencies as potential competitors, this could become an issue if and when cryptocurrencies recover from their current crash and settle into a less volatile pattern that encourages their use as virtual currency rather than as speculative assets.
Not exact matches
In a time when some
big banks and
payment processors like MasterCard are getting involved with bitcoin — but cautiously, and typically citing the uses of the blockchain as the appeal — that's a smart, measured reminder.
We recently had an opportunity to sit down with Charles Drucker, Vantiv's CEO, Daniela Mielke, chief strategy and product officer, and Matt Taylor, group president of integrated
payments and emerging channels, to discuss some of the
biggest trends affecting
processors and the
payments industry as a whole, including Apple Pay, EMV, mobile point - of - sale, and Vantiv's growth strategy.
• In October,
payment processor iZettle, equipped homeless sellers of Sweden's equivalent of the
Big Issue with card machines and smartphones
A
big reason for this is because the
payment processor Stripe said that they may add support for XLM
payments in the future.
The cut comes a week after Australia's
biggest milk
processor and price setter Murray Goulburn reduced farmer
payments from $ 5.60 to $ 4.75 - 5 a kilogram in the wake of a steep profit downgrade.
Fonterra, the world's
biggest milk
processor, recently tempted local farmers with the promise to fix milk prices for a season with the new
payment system all about providing certainty which then allows them to invest in
bigger herds.
One of the
biggest online
payment processors in Romania has integrated bitcoin with its merchant services.
Bitnet, a Belfast and San Francisco - based bitcoin
payment processor has partnered with Limonetik, a
big European digital
payment infrastructure and e-commerce solutions provider.
Korbit, the South Korea - based bitcoin exchange and merchant
payment processor, announced that one of the
biggest media empires in Asia, CJ E&M, will now be accepting bitcoin for its video - on - demand service, VINGO.
Additionally,
bigger payments could be cut into smaller increments so that if one
payment processor proved to be unreliable, only a small portion of the
payment would be lost.
Goldman Sachs board member M. Michele Burns is joining the board of new bitcoin
payment processor Circle Internet Financial, becoming the latest representative from the worlds of
big finance and investing to show an interest in digital currency.
The most appropriate and considerable sign of Bitcoin leading in the economy is that it has almost reached the equal level of PayPal i.e. the
biggest global
payment processor.
An even
bigger factor is the increasing number of mid-tier retailers adopting gift cards instead of paper gift certificates, says Bill Farris, strategic product manager for Paymentech, a Dallas - based
processor of
payment transactions whose FlexCache system is used by retailers.