Digital Transactions Authoritative, insightful and timely information for payments professionals
- A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.
- Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square Inc. are close behind, according to the “2020 U.S. Merchant Service Satisfaction Study” from J.D. Power.
- Merchant acquirer EVO Payments Inc. reported 2019 revenue of $485.8 million, down from $564.8 million in 2018, owing to the adoption of ASC 606, an accounting rule for revenue recognition. Adjusted revenue for 2019 was $598 million, the company said.
- Payments provider ACI Worldwide Inc. reported 2019 revenue of $1.26 billion, up 25% over 2018, though excluding the company’s Speedpay acquisition results in revenue growth of 2%. Net income dipped to $67 million from $69 million.
- 7-Eleven Inc. opened two more locations to test new retail services, including mobile checkout using the 7-Eleven app to skip the checkout counter.
- Chargebacks911 launched a new onboarding product that enables its partners to connect their merchants to the Chargebacks911 platform via an existing service provider.
- Bluefin Payment Systems LLC said it will provide its point-to-point encryption services to processor Payscout for use with Payscout merchants.
- Paysafe said it formed a partnership with Celero Commerce to support Celero’s independent sales organizations as they expand into regulated online commerce verticals. Celero’s portfolio already includes approximately 25,000 merchants.
- The global coronavirus outbreak will trim one percentage point off of a year-over-year first-quarter revenue growth projection released Jan. 29, PayPal Holdings Inc. said.
- Payments provider Beyond promoted Brent Rose to chief sales officer, where he will oversee more than 300 sales representatives and four product divisions. He joined Beyond in 2017.
- Digital wallets will account for half of the $5.9 trillion in global e-commerce volume predicted for 2023, according to forecasts in a report from Fidelity National Information Services Inc. and its Worldpay payment-processing unit.
Related Articles
Check Also
In an Abbreviated Call, Discover Sticks to the Numbers And Stays Mum About Cap One
Executives at Discover Financial Services Inc. early Thursday cut short their first-quarter 2024 earnings call, …