Wednesday , December 12, 2018

Acquiring

Deloitte: Look for Faster Payments on the B2B Side in 2019, And More Contactless Transactions

The prognostications for 2019 are starting to roll in, and if at least one comes true, we’ll see business-to-business transactions driving the growth of faster-payment systems. And smart phones might actually gain some discernible traction at the point of sale. The predictions come from the big accounting and consulting firm …

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Blackboard Picks Bluefin Encryption Service and other Digital Transactions News briefs from 12/12/18

Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …

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Congressional Report Says Equifax Breach Was Preventable and other Digital Transactions News briefs from 12/11/18

Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …

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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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UATP Adds Chase Pay to its Network and other Digital Transactions News briefs from 12/7/18

UATP, an airline-owned payment network, said it is adding Chase Pay to its network, a move that should make it easier for airlines to accept JPMorgan Chase & Co.’s Chase Pay in their apps and Web sites. NCR Corp. completed its $184 million acquisition of merchant processor JetPay Corp. Payments …

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With a Strong Mobile Lift, Virtual Cards Are Close to Dominating B2B Card Payments

In a vast and rapidly growing commercial card market, virtual cards are grabbing dollar-volume share and are poised to dominate business-to-business card payments, according to research from Accenture Payments. Corporate cards, purchasing cards, and virtual cards will account for $523 billion in U.S. commercial card volume, up 10% from 2017, …

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Glance Inks Cash Advance Referral Deal and other Digital Transactions News briefs from 12/6/18

OnDeck Capital Inc. said it will combine its Canadian lending operations with Evolocity Financial Group, a Montreal-based online small-business lender. The combined entity will be branded OnDeck Canada. Terms were not disclosed. Mobile-payments specialist Glance Technologies Inc. announced a referral agreement for cash advances with Merchant Advance Capital L.P. Hackers …

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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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Upserve Launches Upserve POS and other Digital Transactions News briefs

Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …

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Processor Shares Fell Again in November, But Not As Much As in October

Shares of transaction-processing companies lost ground in November for the second month in a row, but the decline wasn’t nearly as great as October’s 10% plunge, according to new data from Barrington Research Associates Inc. The Chicago-based investment firm says share prices of a group of 26 publicly traded transaction …

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