Monday , July 16, 2018

Competitive Strategies

Is Amazon Mulling a P2P Payment Function for Its Alexa Voice Commerce Service?

The mere hint that Amazon.com Inc. could add a person-to-person payments function to its Alexa voice-commerce service was enough early Friday to shave value off of the shares of PayPal Holdings Inc. and Square Inc., both of which offer P2P networks. At mid-morning, Square’s shares were down more than 3% …

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Fattmerchant Signs eConduit Deal and other Digital Transactions News briefs from 4/6/18

Merchant processor Fattmerchant said its payments services will be available for clients of eConduit, which provides cloud-based connectivity for point-of-sale terminals used with POS systems, through sales partners. Dallas Fort Worth International Airport has begun a program that allows users to select a parking space online and prepay for it …

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Many Merchants Expected To Erase Signature Requirements From Their Checkout Counters

Payment card networks and merchant acquirers still don’t have a solid read about how many merchants will take advantage of the networks’ new signature-optional policies that take effect this month. A merchant trade group, however, expects more than half of its members will cease requiring cardholder signatures at the point …

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Tabletop POS System Provider E la Carte Changes Its Name to Presto

In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …

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New York Asks Card Brands About Gun Sales and other Digital Transactions News briefs from 4/5/18

New York’s comptroller, who oversees the state’s public pension funds, last week sent letters to the four general-purpose card networks, three of the nation’s biggest banks, and First Data Corp. and Worldpay Inc. asking them to assess whether gun sales should be considered restricted high-risk purchases, Bloomberg reported. New York’s letter comes …

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Elavon Expands Atlanta Headquarters and other Digital Transactions News briefs from 4/4/18

Elavon, the merchant-acquiring subsidiary of U.S. Bancorp, is expanding its Atlanta headquarters and adding 180 jobs over the next three years in its integrated-payments and e-commerce sectors, the Atlanta Business Chronicle reported. In the first deployment of its peer-to-peer payment service outside the U.S., Square Inc. is rolling out its Cash app in the …

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PayPal Leads Juniper Mobile Wallet Rankings

Mobile-wallet usage is expected to increase in 2019 as almost 2.1 billion consumers worldwide choose the payment option, predicts Juniper Research Ltd. In its “Mobile Wallets: Service Provider Analysis, Market Opportunities & Forecasts 2018-2022” report released Wednesday, United Kingdom-based Juniper notes that next year’s forecasted number of mobile-wallet users is …

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Cash Demand Isn’t Going Away, So Fiserv Expands Its CardFree Cash Service to More ATMs

Bank processors over the past several years have worked to combine cardless technology with a continuing consumer demand for cash, a trend that took on momentum on Wednesday with an announcement from Fiserv Inc. that three ATM manufacturers are now supporting the company’s 3-year-old CardFree Cash service. ATM makers Genmega, …

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KFC Adopts Ingenico POS Service for EMV and other Digital Transactions News briefs from 4/3/18

POS equipment maker Ingenico Group said KFC Corp., a unit of Yum! Brands Inc., migrated its U.S. payment system to Ingenico’s Telium semi-integrated POS service. Consumers now can make chip-and-sign, chip-and-PIN, magnetic-stripe, and contactless transactions at KFC locations. Online shopping-cart provider 3dcart said its upcoming version 8.1 will support Google …

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MoneyGram Cements Its Ties With Walmart Through New International Service

Wire-transfer provider MoneyGram International Inc. and Walmart Inc. announced a new international service Tuesday dubbed Walmart2World that the companies say enables recipients to get funds in as little as 10 minutes. The long-time partners also renewed for two years the contract under which Walmart offers MoneyGram’s various money-transfer and bill-pay …

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