Tuesday , January 16, 2018

Acquiring

Volume from New Software Ventures Grows for Global Payments as ISO Business Fades

Global Payments Inc. was one of the first merchant acquirers to identify the payments opportunities in pairing up with independent software vendors and related firms that serve businesses with all manner of applications, and now those channels are bringing in 40% of revenues, chief executive Jeff Sloan said Wednesday. That …

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Phoenix Group Sold to Ingram Micro and other Digital Transactions News briefs from 11/8/17

NCR Corp. launched the NCR Silver Quantum point-of-sale system that features an integrated payment device with mobile wallet acceptance, a customer loyalty program, and a scanner that are loaded onto a Samsung Galaxy Tab A tablet. NCR Silver Quantum, in addition to the NCR Silver POS software, is the first …

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AmEx Launches Analytical Service and other Digital Transactions News briefs from 11/7/17

USA Technologies Inc., which provides payment technology for unattended merchant locations, announced it has an $85 million cash and stock deal to acquire Cantaloupe Systems, a San Francisco-based software provider serving the vending-machine industry. Cantaloupe operates in the U.S., Canada, and several international markets, and its Seed Cloud applications include …

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Affirm Launches Travel Payments Program and other Digital Transactions News briefs from 11/6/17

Consumers who want to use cash online can now load an Amazon Cash account at U.S. 7-Eleven Inc. stores by presenting cash and a personalized Amazon barcode to the cashier. Users can load between $15 and $500 in a single transaction, with no fees, 7-Eleven says. The company has nearly …

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Wal-Mart And Visa Settle Lawsuits Over Debit Routing and Credit Card Interchange

Wal-Mart Stores Inc. confirmed Friday that it will settle its lawsuit against Visa Inc. over EMV debit card transaction routing. That news comes one day after the two leaders in their respective industries settled lawsuits they filed against each other stemming from the massive and still-ongoing credit card interchange litigation …

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Apple Pay Users Double in a Year and other Digital Transactions News briefs from 11/3/17

Apple Pay users have more than doubled over the past 12 months, Apple Inc. reported, without citing a specific number. Yearly transactions have increased 330%, and more than 5 million U.S. merchant locations will be accepting the mobile-payment service by the end of the year, the company said during an …

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Bluefin Notes Processor Deal and other Digital Transactions News briefs from 11/2/17

Encryption specialist Bluefin Payment Systems said it will provide encryption services to clients of payments provider Accepta LLC. A report from processor Fidelity National Information Services Inc. (FIS) found 25 real-time payments systems in operation globally, up from 19 last year and more than twice the number in 2013. Another …

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Bitcoin Futures Market Planned and other Digital Transactions News briefs from 11/1/17

Mobile point-of-sale provider CardFlight said payment processor Beyond will offer CardFlight’s SwipeSimple device to merchants. The technology enables EMV chip card transactions from a mobile device. CME Group, a major derivatives marketplace, announced plans to launch a futures market for Bitcoin before the end of the year, pending regulatory review. On …

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VocaLink, PayPal, And P2P Will Help Propel Mastercard, the Network’s Boss Says

Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

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Pineapple Payments Buys Payline Data and other Digital Transactions News briefs from 10/31/17

American Express Co. released SafeKey 2.0, an online authentication tool that uses the EMVCo 3-D Secure 2.0 standard. The service will be available in spring 2018. Payline Data Services LLC announced that payment-processing technology company Pineapple Payments purchased Payline Data for an undisclosed amount. Payline Data has almost 10,000 merchants processing …

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