Thursday , June 21, 2018

Acquiring

Australia Post Select U.S. POS System and other Digital Transactions News briefs from 4/24/18

Boston-based OneView Commerce announced that Australia Post signed a multiyear software-as-a-service agreement to use OneView’s Cloud POS service. Payments provider Merchant e-Solutions released an updated version of its payment-acceptance extension for the Magento e-commerce platform. Payouts company Transpay said outbound payments from the United States to other nations increased 93% …

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Laundry Payment App Debuts and other Digital Transactions News briefs from 4/23/18

Ready, a company specializing in self-pay software for restaurants, has teamed with Squirrel POS, a supplier of point-of-sale software to the same industry, to allow customers to view, split, and pay their tab on their mobile phones. Automatic Laundry, which provides laundry-management services for multitenant buildings, announced the LaundryConnect Pay …

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RealPage Buys ClickPay and other Digital Transactions News briefs from 4/20/18

RealPage Inc., a vendor of software and data analytics to the real-estate business, has agreed to buy ClickPay, a payments processor for rent and other housing receivables, for $218.5 million in cash and stock. The deal is expected to close within the next six months. Infinicept, a company that offers services to …

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Advice From a Veteran ISO Exec: Build Scale Fast, And Be Ready to Work With—Or Buy—ISVs

The twin imperatives for independent sales organizations these days are to get bigger fast and to collaborate with independent software vendors, Todd Linden, chief executive of Paysafe North America, tells Digital Transactions News. Linden, a veteran acquiring-industry executive, should know. Paysafe North America’s parent company, London-based Paysafe Holdings UK Ltd., …

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Mastercard, Visa and AmEx Back EMVCo’s Secure Remote Commerce Spec

Mastercard Inc. says it is preparing for a better online payments experience by backing the EMVCo secure remote commerce specification. Visa Inc., too, says it supports the spec. The specification, announced in November, establishes the technical framework for enabling consumers to use their payment cards across channels more easily than …

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7.1 Billion EMV Cards in Circulation and other Digital Transactions News briefs from 4/19/18

NCR Corp. is the top provider of multivendor software for ATMs globally, according to U.K.-based research firm RBR. The company controls 32% of the installed base of 1.3 million machines running the software, 12 points higher than the second-place vendor. EMVCo, the chip card standards organization owned by the major …

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Cardholder Spending Lifts AmEx’s Discount Revenue Despite Declining Rates

Boosted by higher cardholder spending, American Express Co.’s discount revenue grew 9% in the first quarter despite a year-over-year decline in its average worldwide discount rate. AmEx reported late Wednesday that discount revenue hit $5.89 billion compared with $5.39 billion a year earlier. Discount revenue is by far AmEx’s largest …

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MagTek Launches E-Signature Service and other Digital Transactions News briefs from 4/18/18

Netherlands-based processor Adyen reported that it generated $1.14 billion in revenue last year, up $400 million over 2016, on merchant volume of $122 billion, up 61%. Recent press reports have speculated that Adyen, which has U.S. operations headquartered in San Francisco, is considering an IPO. Shares in online marketplace eBay …

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Expert Observers Fear the Bright Outlook for Federal Regulation Could Darken Soon

More than a year after the Trump Administration took power, payments industry executives looking for a friendlier tone from Washington, D.C., are getting it, but it’s questionable just how much tangible benefit this will yield, two expert Washington observers said Tuesday. Meanwhile, the picture could darken this fall if, as …

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Ingenico Releases Tablet-Based ECR and other Digital Transactions News briefs from 4/17/18

Point-of-sale terminal maker PAX Technology said processor Worldpay Inc. now supports its handheld A920 POS terminal. Ingenico Group released the Moby/C150 electronic cash register, an EMV-compatible tablet point-of-sale system. VeriFone Systems Inc. said it is using AES DUKPT, a security key management standard, in its encryption service VeriShield Total Protect, in …

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