Thursday , April 19, 2018

Acquiring

Recurly Chooses Adyen for Expansion and other Digital Transactions News briefs from 12/14/17

Payrange Inc., a developer of mobile-payment applications for washers, dryers, and other machines, introduced its product for Speed Queen and Maytag laundry machines. Subscription-management platform provider Recurly Inc. said it will use international payments provider Adyen to further expand its global business. Cornerstone Bank became the 200th financial institution to …

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Clearent Receives PCI Certification and other Digital Transactions News briefs

7-Eleven Inc. announced it is testing online ordering for delivery or pickup on its new 7-ElevenNOW mobile app at 10 downtown and uptown stores in Dallas. The convenience-store chain expects to begin rolling out the app to other stores in 2018. Payments provider Clearent LLC said it received validation of …

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VeriFone Unloads Its Taxi Business, But Confronts a Challenging U.S. Market

VeriFone Systems Inc. has finally shed its underperforming taxi business, but it still faces a North American market hampered by a three-year delay in an EMV deadline for U.S. petroleum marketers. The San Jose, Calif.-based point-of-sale company sold the taxi unit on Tuesday for $30 million. VeriFone, which will retain …

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The Point-of-Sale Future May Be Handheld And Carry a Bevy of Benefits, Says Javelin

The seemingly unending growth in online shopping is doing more than closing physical stores. The point of sale in the stores that remain is changing, and along with it, payments providers, says Javelin Strategy & Research in its “2017-2021 Retail Point of Sale Payment Forecast.” As consumers continue to increase …

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Klarna Notes Financing Program Success and other Digital Transactions News briefs from 12/12/17

Mastercard Inc. launched Assemble, a prepaid service aimed at Millennials that features a digital prepaid account, a mobile app, and a physical or digital card. The service also includes budgeting capability and peer-to-peer payments through Mastercard Send. The company says it plans to extend versions of Assemble to other markets, …

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Chicago Transit Authority To End Issuance of Open-Loop Fare Cards

The Chicago Transit Authority, an early proponent of open-loop fare payments, announced Monday that the general-purpose payment feature in some of its fare cards will expire Dec. 31. The operator of the nation’s second-largest transit system says riders did not embrace the idea of a CTA-provided general-purpose prepaid account coupled …

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AmEx Says It Will End Its Signature Requirement, Leaving Visa As the Last U.S. Holdout

American Express Co. on Monday became the third of the four major U.S. card brands to announce it will cease requiring signatures for transactions made with its cards at the point of sale beginning in April 2018. AmEx says its rule change applies to all point-of-sale purchase transactions globally, a …

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Fed Names Payments Security Leader and other Digital Transactions News briefs from 12/11/17

The first Bitcoin futures contracts began trading at 6 p.m. Eastern Time Sunday and almost right away the volume of activity crashed a Web site operated by the exchange, Cboe Global Markets Inc. After an initial run up, Bitcoin was trading around $16,500 by 10 a.m. Monday. A rival exchange, …

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Consumers Using More Revolving Credit and other Digital Transactions News briefs from 12/8/17

Consumer revolving credit jumped 9.9% on an annualized basis in October, seasonally adjusted preliminary data from the Federal Reserve show. Revolving credit outstandings, most of which are credit card debt, hit $1.01 trillion, up 5.9% from $955.3 billion in October 2016. PayCargo LLC, an online-payment platform that allows shippers and carriers to …

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How Should a Global Network Be Governed? An Answer from AmEx’s Chenault Sparks Debate

Whether he intended to or not, Ken Chenault may well have touched off a debate about what constitutes the ideal governance structure for a global payments network. Chenault, who will retire early next year as chairman and chief executive of American Express Co., charged this week that his two big …

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