Thursday , December 13, 2018

Digital Currency

Congressional Report Says Equifax Breach Was Preventable and other Digital Transactions News briefs from 12/11/18

Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …

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Suitor Submits Another Mitek Bid and other Digital Transactions News briefs from 12/10/18

In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …

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Upserve Launches Upserve POS and other Digital Transactions News briefs

Citing its potential effects on payments-market competition, the United Kingdom’s Competition and Markets Authority has now ordered an in-depth review of PayPal Holdings Inc.’s acquisition of Sweden-based processor iZettle AB. A PayPal spokesperson told Reuters the company is working with the CMA and plans to demonstrate the market will remain …

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Cash Still Favored by Many and other Digital Transactions News briefs from 12/4/18

Digital Check Corp. said its ScanBox by Digital Check tablet-based scanning platform is now available in North and South America following its release in other markets. In a Cardtronics plc survey of 1,000 U.S. consumers, 73% use cash regularly and 92% want a choice in how they pay. Commercial bank Signature …

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SpotOn Transact Initiates Crypto Acceptance and other Digital Transactions News briefs from 12/3/18

FreedomPay announced Nando’s, an international fast-casual restaurant chain, will use FreedomPay’s point-to-point encryption payments platform in its Oracle Micros Simphony POS system installations. Payments provider SpotOn Transact LLC agreed to offer acceptance of Bitcoin and other cryptocurrencies to merchants via a partnership with Vaultbank, a blockchain-technology firm. Kevin Jones, founder …

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Gearfire Payments Targets Shooting-Sports Industry and other Digital Transactions News briefs from 11/30/18

Independent sales organization Gearfire Payments announced new plans to focus on reducing payment costs for the shooting-sports industry. Atom Tickets, a mobile-ticketing service for the movie industry, said it integrated SMG Access, a loyalty program from Studio Movie Grill, an operator of movie theaters featuring in-theater dining. Target Corp. may …

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Glance Technologies Tests At-Table Payment And Launches a Bitcoin Feature

Waiting for a server to bring a paper bill to a table so the payment can be made might not happen at some restaurants if tests by Glance Technologies of its Real-Time Bill feature prove successful. Announced Wednesday, the feature, which is in testing at undisclosed merchants, enables users to …

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Bitcoin’s Renewed Volatility Casts a Spotlight on Its Shrinking Merchant Volume

Bitcoin’s return to volatility in recent days isn’t the only issue the digital currency confronts as it seeks to establish a toehold in the world of payments. As it turns out, its use in actual payment transactions is shrinking fast, according to numbers compiled by Chainalysis Inc., a New York …

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Mitek CFO Decides to Stay and other Digital Transactions News briefs from 11/27/18

Mobile remote deposit capture software provider Mitek Systems Inc. reported that chief financial officer Jeffrey C. Davison, who in August said he would resign effective Nov. 30, has changed his mind and won’t quit. Mitek’s board of directors accepted the rescission. Long-time chief executive Jim DeBello recently left and has …

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Stock Downturn Ensnares Some Payments Companies and other Digital Transactions News briefs from 11/20/18

The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …

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