Monday , June 17, 2019

News

June, 2019

  • 14 June

    Circle Will Sunset Its Circle Pay App To Concentrate on Cryptocurrency Projects

    Circle Internet Financial Ltd. will cease supporting its 5-year-old Circle Pay mobile app beginning next month in order to concentrate on its blockchain and cryptocurrency ventures. Circle Pay is a no-fee peer-to-peer payments app that enables users to send money using the recipient’s phone number or email address. The service …

  • 14 June

    A Core Group of Consumers Continues To Prefer Cash, Researcher Finds

    The debut of cashless stores has led to pushback by several cities, the state of New Jersey, and a member of Congress concerned that card or mobile-payments-only options will leave cash-dependent consumers unable to shop in such stores. Now, new research from the Federal Reserve Bank of Atlanta concludes that …

  • 14 June

    Payments Companies Sign up to Help Manage Facebook’s Expected Crypto Entry

    At least four payments companies are set to participate in a consortium formed by Facebook Inc. to launch a cryptocurrency next year aimed at commerce rather than exchange trading, according to a report Friday in The Wall Street Journal. Facebook is expected to officially announce the initiative next week. The …

  • 14 June

    PPRO Acquires Allpago and other Digital Transactions News briefs from 6/14/19

    Cross-border payments firm PPRO announced its acquisition of Allpago, a payment and gateway provider in Latin America. Terms were not disclosed. Payments-services provider i2c Inc. said it is working with Zero, a financial-technology company that provides banking services. Payveris LLC completed its $7 million Series D funding round led by …

  • 13 June

    WEX Looks for a Transaction-Volume Charge From a New Deal With an Electric-Vehicle Charge Supplier

    Fleet and corporate payments provider WEX Inc. expects to enhance its charge volume through a new agreement to provide payment services to ChargePoint Inc., which has a global network of 66,000 charging stations for electric vehicles. The agreement with Campbell, Calif.-based ChargePoint will enable WEX’s 11 million fleet card holders …

  • 13 June

    More than 450 Los Angeles-Area Merchants Get a POS Upgrade for Transit Payments

    Los Angeles-area merchants that sell transit tickets on behalf of 25 transit agencies will adopt an Android-based app for ticket sales, Cubic Corp. announced Thursday. Cubic says its Cubic Transportation Systems division is upgrading the existing point-of-sale infrastructure more than 450 retailers use to accommodate the Cubic Mobile for Merchants …

  • 13 June

    TCH Adds Another RTP Client and other Digital Transactions News briefs from 6/13/19

    FirstBank, one of the largest privately held financial institutions in the United States, said it has committed to using the Real Time Payments network from The Clearing House Payments Co. Glint Pay Ltd., a startup that lets people make purchases on a debit Mastercard backed by gold, announced a $6.4 …

  • 12 June

    Is it time to take another look at leasing?

    NLS Equipment Finance thinks so. NLS Equipment is a new company, launching just this month, that offers both traditional and new leasing opportunities all designed to encourage ISOs to give leasing another try. These include: a special bonus program running through June 15; a Zero Payment Recourse program for qualified …

  • 12 June

    Stripe Says Its POS Software Is Now Available for Apps And Devices

    Online-payments provider Stripe Inc. made good on its promise to offer its processing software to in-store merchants with the release Wednesday of a slew of software and two pre-certified devices. Founded in 2011 as an online payments company, San Francisco-based Stripe announced in September it would add in-store payment acceptance. At …

  • 12 June

    A Court Ruling May Affect Acquirers’ Ability to Pass Along Data-Breach Fines to Merchants

    A common assumption among merchant acquirers and retailers is that merchants are the ones who ultimately are liable for network fines after a merchant’s data breach. But a recent decision by a federal appellate court that ruled against First Data Corp., the nation’s largest payment processor, sends a message that …

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