Wednesday , September 19, 2018

Competitive Strategies

With Stripe Terminal, the Online Payments Specialist Moves Into Face-to-Face Sales

Stripe, the San Francisco-based online payments company, is taking a step to get inside stores. The company on Monday launched Stripe Terminal, a service that puts Stripe’s processing software onto point-of-sale hardware devices that merchants can use to accept payments in their stores. The move follows similar migrations in recent …

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BlueSnap Now Processing In Australia and other Digital Transactions News briefs from 9/18/18

Processor First Data Corp. said it shipped its 1 millionth Clover point-of-sale sale device aimed mainly at small and mid-sized merchants; the device went to Friesen-Apotheken, a pharmacy chain based in Bad Malente, Germany. Payments platform BlueSnap has begun local processing for business-to-business and business-to-consumer companies in Australia. Buildium, a …

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As Transaction Volume Grows, NACHA Smooths out the Road for Same-Day ACH

With volume building for same-day processing of automated clearing house items, the regulatory body for the extensive ACH network announced Monday a trio of enhancements aimed at, among other things, raising the dollar limit on the faster transfers and making credit funds available faster during the processing day. The changes, …

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Heartland Adds APIs for Ingenico Device and other Digital Transactions News briefs from 9/17/18

Business-software provider Infor said it purchased Vivonet Inc., which provides point-of-sale software to the hospitality industry. Terms were not disclosed. Global Payments Inc. announced its Heartland acquiring and technology unit has developed application programming interfaces, end-to-end encryption support, and other software for Ingenico Group’s Desk/3500 terminal. PayPal Holdings Inc. announced …

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AmEx Experiments To Find the Right Solutions for the Post-Plastic World

American Express Co. formed its Digital Labs unit less than a year ago, and it has plenty to do as it evaluates new payment forms and new ways to attract cardholders and merchants. Digital Labs is concerned with digital payments, digital ways of engaging with cardholders, and research and development, …

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Debit Card Users Take a Liking to Apple Pay And Other Wallets, Pulse’s Annual Survey Finds

More mobile and contactless opportunities may be in the future for debit card issuers. The 2018 Debit Issuer Study from Houston-based Pulse Network, released this week, found 12.2% of debit cards were enrolled in Apple Inc.’s Apple Pay as of January, up from 6.3% in January 2017. Debit card enrollment …

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Grubhub Closes LevelUp Deal and other Digital Transactions News briefs from 9/14/18

Grubhub, an online and mobile food-ordering marketplace, closed on its previously announced acquisition of LevelUp, a mobile-payments and -promotions platform, for $390 million in cash. Dream Payments, a digital-payments platform provider, released an application programming interface that allows insurers to link to the Dream Payments Hub as well as Mastercard …

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Surcharging and Cash-Discount Programs Continue To Attract ISOs

Surcharges and discounts for cash aren’t brand-new pricing tactics, but interest in them by independent sales organizations is rising because of falling legal barriers and the potential profits. Repeated sessions about the topic were packed Thursday at the Western States Acquirers Association annual conference in Scottsdale, Ariz. The presenter was Ryan …

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Eye on Apple Pay: Pay for Parking Time With an Apple Watch Tap; More iPhones With Face ID

Consumers using PayByPhone’s app for paid parking now have another option to extend their parking time. The Volkswagen AG-owned company launched a feature for Apple Watch users to add more parking time directly from the watch without using an iPhone or visiting the meter again. The PayByPhone Apple Watch app shows …

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FreedomPay Scores Lincoln Financial Field Deal and other Digital Transactions News briefs from 9/13/18

FreedomPay, a payments provider specializing in sports stadiums and hospitality venues, announced a multiyear agreement with Lincoln Financial Field, the home stadium for the Philadelphia Eagles, to process payments at more than 300 points of sale. Revenue from so-called over-the-top content-subscription platforms will rise dramatically in part because of streamlined …

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