Saturday , January 19, 2019

Competitive Strategies

USA Technologies Could Be Delisted and other Digital Transactions News briefs from 10/9/18

Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need …

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Small Merchants Are Generating Bigger Payment Volumes, Analysis Finds

Small merchants are generating more payment volume, and health-care providers handily outlive restaurants and bars in their relationships with merchant acquirers, according to a new analysis from The Strawhecker Group. Data from the Omaha, Neb.-based consulting and research firm’s Acquiring Industry Metrics service shows that the average small and mid-size …

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M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18

Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …

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COMMENTARY: How Square’s Platform Makes Ho-Hum Products Unique

Last week payment processor Square Inc. announced its Square Installments service which provides loans of up to $10,000 to customers of its merchant clients. Like all similar services, it splits a consumer’s repayment of large purchases into fixed monthly amounts. Installment solutions are not unique in payments, far from it. But …

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Apple Pay Outranks Other Mobile Wallets Among Debit Card Users

Fresh data indicates that most debit card transactions on mobile wallets—77%—are on Apple Pay. Coming from New York City-based Auriemma Consulting Group, which canvassed debit card issuers, the data also found that Samsung Pay and Google Pay accounted for 17% and 6% of transactions. Auriemma suggests one reason for the …

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Carr Co-Defendant Settles With SEC and other Digital Transactions News briefs from 10/5/18

Priority Payment Systems LLC said it is making an online installment-payment service from Sezzle available to its merchants. Sezzle pays the merchant in full, upfront, and assumes all repayment risk. A little more than one week into its managed-payments program, eBay Inc. reported it is working on adding PayPal as …

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Getting Contactless Right Demands a Lot of Basic Blocking And Tackling, Expert Panel Says

It’s no secret contactless payments have struggled in the United States, but less discussed is what needs to be done to boost usage. A paucity of dual-interface cards—EMV plastic that can either be inserted into terminals or tapped on them—is much to blame, but it turns out the answer goes …

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Help With ETA Self-Regulation Program Debuts and other Digital Transactions News briefs from 10/4/18

Among debit card issuers Apple Pay made up 77% of mobile-wallet transactions, Auriemma Consulting Group said in an analysis of mobile wallets. Samsung Pay and Google made up 17% and 6% of transactions, respectively. Rich Consulting and Double Diamond Group launched a suite of services to aid acquirers, independent sales …

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TCH Looks to Connect Thousands of Banks for Real-Time Payments Within the Next Few Months

While the Federal Reserve Board mulls an entry into the business of real-time payments, a major competitor is already racking up impressive gains among U.S. financial institutions. The Clearing House Payments Co. L.L.C., the New York City-based company that, among other services, operates one of only two switches for the …

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The Fed Proposes an Always-On Settlement System for Faster Payments

The Federal Reserve on Wednesday unveiled a proposal to facilitate real-time settlement of faster payments. The Fed said it is not committed to any specific action on its plan, but banks and private-sector payment processors are watching for any infringement on their turf. “Over the past year, we have undertaken …

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