Thursday , April 19, 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.

Eye on Gift Cards: InComm Nets Distribution Deal; Blackhawk Debuts Hawk Direct

As gift cards continue to garner great consumer interest—they are the most sought-after gift this holiday season, says the National Retail Federation—two gift card providers announced moves to boost their respective market shares. In an exclusive deal, Atlanta-based InCommwill provide grocer cooperative Wakefern Food Corp. with a gift card and prepaid program. The …

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Wrapping Up a High-Growth Year, Revel Systems Digs Into POS Data To Offer Insights

Tablet point-of-sale terminal seller Revel Systems on Thursday unveiled its Insights by Revel service and noted a 137% growth rate in terminals for 2016. Insights by Revel enables Revel merchant to monitor business activities as they happen. “Owners and managers can oversee labor remotely, and even detect who worked overtime, …

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Vantiv Teams With PPRO Group To Let Web Merchants Take Payments Globally

U.S. merchants processing with Vantiv Inc. that want to court international e-commerce customers now can offer these shoppers alternative payment methods unique to their locations. Vantiv announced on Tuesday it is working with PPRO Group, a London-based payments provider, to enable non-card payment methods, such as direct debit, bank transfers, cash-based electronic …

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A New App Lets Supermarkets Get in on the Trend Toward E-Commerce in the Store

Few consumers like waiting in lines to pay, especially at grocery stores. One California grocery chain is taking steps to make it easier for shoppers pay for their purchases with the launch of a self-checkout app. The California Fresh Market location in San Luis Opisbo, Calif., is using Future Proof …

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The Fed Leaves Durbin Cap Unchanged Despite Ongoing Drop in Issuers’ Debit Card Costs

The Federal Reserve will leave the current interchange cap on debit card transactions in place, the agency announced this week as part of its biennial review of the regulation formally known as Regulation II, but commonly called the Durbin Amendment. The Fed’s controversial rule implementing the amendment in 2011 imposed …

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In Its Face-Off With the FTC, NetSpend Argues It’s Following the Rules

NetSpend, the prepaid card unit of processor Total System Services Inc. (TSYS), is facing a Federal Trade Commission lawsuit filed Thursday over allegations the company deceptively marketed reloadable debit cards. The suit, filed in the U.S. District Court for the Northern District of Georgia, alleges NetSpend promised “immediate access” to …

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Though More Consumers Shop in Stores, Most Research Online First: Survey

Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …

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Quick Chip Or Not, Cayan Figures EMV Will Consume 116 Million Hours This Year

Consumers and merchants can count the seconds it takes to complete an EMV chip card transaction, and now payments provider Cayan LLC has quantified the total cost in hours: 116 million. That is Boston-based Cayan’s estimate of how much more time consumers will spend at the checkout completing EMV transactions …

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Global Payments’ Heartland Merger On Track, Executives Say

The $4.3 billion merger of Global Payments Inc. and Heartland Payment Systems Inc. appears to be paying off. Atlanta-based Global Payments released its fiscal fourth-quarter and year-end results Thursday. For the year, which ended May 31, total revenue of $2.9 billion was up 4.5% from $2.8 billion in the prior year. …

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Eye on Earnings: Ingenico North America up 11%; Sales Up, Profits Down at TSYS

The U.S. migration to the EMV chip card standard continues to pay off for point-of-sale terminal maker Ingenico Group as the company reported a 14% increase in its North America revenue for the first six months of 2016. France-based Ingenico, in its earnings results released Tuesday, said it recorded 148 …

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