Monday , December 10, 2018

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

Suitor Submits Another Mitek Bid and other Digital Transactions News briefs from 12/10/18

In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …

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As Mobile Checkout Evolves, Companies Like Scandit Find A Place in Payments

7-Eleven Inc. is among the latest retailers to empower consumers to become their own point-of-sale checkout when they use an app on their smart phones. A central component of that capability is the image-capture tool built into the app. The 7-Eleven Scan & Pay service, which is in tests now and …

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With Convenience Stores in Mind, NRS Adds a Silent Alarm to Its POS System

Merchants using the point-of-sale system from National Retail Solutions Inc. soon will have the ability to use a potentially crime-thwarting value-add feature. The Newark, N.J.-based company is adding a silent alarm feature to its POS system. Expected to be available by the end of the first quarter, the feature involves …

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A New Service From Mastercard Brings a Shoppable 3-D Store Online

Mastercard Inc. and Next Retail Concepts are bringing to retailers a virtual-shopping experience that has shoppable products. The three-dimensional, digital environment, available across any Web browser, enables consumers to view and buy products as if they were in the store. Images are from the store and include products selected by …

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Glance Technologies Tests At-Table Payment And Launches a Bitcoin Feature

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …

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The Black Friday-Cyber Monday Shopping Lesson? Pay Attention to the Checkout

Add e-commerce platform Shopify Inc. to the roster of entities that experienced record sales during the recent holiday-shopping weekend, reporting $1.5 billion in volume from Friday through Monday. Two-thirds of that came from mobile transactions. Mobile commerce took the top spot on Cyber Monday, the Monday following Thanksgiving, according to …

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Mobile Commerce Flourished on Black Friday At the Expense of Desktop Activity

More consumers took to their smart phones this past Friday, known as Black Friday, at the expense of shopping online with a desktop computer, finds Akamai Technologies, a Web-services company. Consumers using mobile devices accounted for 57.6% of online shopping on Nov. 23, compared with 35.9% for those using desktop …

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Fuel Dispenser Vendor Offers Chevron, Texaco Dealers EMV Update Program

Chevron and Texaco fuel retailers have another option when considering EMV upgrades at the pump with the debut of a Gilbarco Veeder-Root program. Launched this week, the program enables these convenience-store operators to trade in their current non-EMV-compliant equipment from their pumps for the Passport POS service from Greensboro, N.C.-based …

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Online Fraud Losses Will More Than Double in Five Years, Juniper Forecasts

Payments companies and retailers have a sobering forecast to ponder for online fraud. By 2023, global online fraud losses from e-commerce, airline ticketing, money transfer, and banking services will grow from $22 billion projected in 2018 to $48 billion, says Juniper Research in a new report. Thanks to the proliferation …

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Stock Downturn Ensnares Some Payments Companies and other Digital Transactions News briefs from 11/20/18

The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …

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