Monday , June 18, 2018

Acquiring

Generation Z Emerges With a New Way of Thinking About Payments

Generation Z is about to become a major force in financial services and payments, and that will change how payments providers market their services to them. That assertion, in the “Technologies Influencing Generation Z Payments Adoption” report released this week by Javelin Strategy & Research, is based, in part, on …

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Shift4’s New Partnership and other Digital Transactions News briefs from 5/30/18

Point-of-sale system technology provider Revel Systems said it integrated customer-engagement software from Conduit Ltd., which uses the brand name Como, into its platform to bring to brick-and-mortar merchants services used by online retailers such as loyalty programs, analytics, branded mobile apps, in-app payments and other capabilities. Shift4 Payments LLC announced …

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Ingenico Device Wins a Google Certification and other Digital Transactions News briefs from 5/29/18

In an effort to help modernize New York City’s taxi fleet, Curb Mobility has introduced two new tablet initiatives, Dash and Ryde. Dash is a tablet-based digital meter, while Ryde is a customer-facing tablet that links to the Dash meter and provides in-cab entertainment. The new services add to Curb’s …

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Chase Sues Restaurant Operator Landry’s To Recover $20 Million in Data-Breach Network Fines

JPMorgan Chase Bank and its merchant-acquiring affiliate Paymentech have filed a breach-of-contract suit against restaurant operator and Paymentech merchant Landry’s Inc. seeking to recover $20 million in fines from Visa Inc. and Mastercard Inc. stemming from a 2014-15 data breach at dozens of Landry’s properties. The bank and processor, collectively called …

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VeriFone’s Bid To Go Private Progresses and other Digital Transactions News briefs from 5/25/18

Point-of-sale terminal maker Verifone Systems Inc. said it talked to “approximately” 42 companies during its go-shop period, which expired at 11:59 p.m. Thursday. None of the companies submitted a bid. As previously announced, publicly held Verifone is set to be acquired during the third quarter by affiliates of an investor …

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An iPayment Tie-in With Aliant Will Harness More ISO Horsepower for Crypto Acceptance

The same force that decades ago hit the streets and made credit and debit card acceptance nearly universal is revving up in a nascent effort to do the same for cryptocurrency. Aliant Payment Systems, a Fort Lauderdale, Fla.-based independent sales organization that has been marketing Bitcoin, Ether, and Litecoin acceptance …

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Time’s Up: What Will Be the Impact of Europe’s GDPR on U.S. Payments Companies?

Procrastination is no longer an option. Time to comply with the massive General Data Protection Regulation for businesses that collect data about European Union consumers has run out. And with the regulation going into effect Friday, many U.S. payments companies have found they, too, have had to change their data-collection …

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Adyen Prepares for Stock Offering and other Digital Transactions News briefs from 5/24/18

Representatives of large retailers including Walmart Inc. and Home Depot Inc. met with federal regulators this week to voice their concerns about a common buy button for e-commerce under development by the major card networks, The Wall Street Journal reported. The retailers’ main concern reportedly is how a buy button …

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Kabbage’s Entry Into Payments May Be a Logical Next Step, But Also Likely a Costly One

Online lender Kabbage Inc.’s ambition to enter payment processing by the end of the year, reported this week by Reuters, is a logical extension of their current platform, but one clouded by a host of uncertainties and rife with potential missteps, according to experts contacted by Digital Transactions News. Nine-year-old …

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USA Technologies’ $60 Million Stock Gain and other Digital Transactions News briefs from 5/23/18

Shares of processor EVO Payments Inc. began trading on the Nasdaq market Wednesday at an initial price of $16. The company put 14 million shares out to market, for expected gross proceeds of $224 million. In early trading Wednesday the stock was at $19.60, a 22.5% increase from its opening value. EVO …

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