Monday , October 22, 2018

Near-Field Communication (NFC)

USA Technologies’ Stock Tanks on News of Contract Investigation

Unattended payments provider USA Technologies Inc. lost a third of its value Tuesday morning on news it would delay filing its annual report while its board of directors investigates customer contracts and how business was booked. The company had until Sept. 13 to file its annual report with the Securities …

Read More »

A Financial-Industry Standards Body Releases Rules Aimed at Tightening Mobile Security

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …

Read More »

Google Exec: Google Pay Represents More Than a Rebranding

To outsiders, Google’s mobile-payment services have experienced a few identity crises along the way. But the service now known as Google Pay represents much more than a rebranding, according to Jack Connors, the executive who heads commerce and merchant partnerships at Google, the primary subsidiary of Mountain View, Calif.-based Alphabet …

Read More »

At Its Three-Year Mark, Samsung Pay Cites 2,000 Partners And a Billion-Plus Payments

Samsung Pay launched in South Korea three years ago Monday, and on Tuesday Samsung Electronics Co. Ltd. marked the anniversary by releasing some numbers for the mobile-payments platform. Widely known as one of three “Pays” that rely on near-field communication technology for in-store transactions (Apple Pay and Google Pay are …

Read More »

Warehouse Retailer Costco Is Now Accepting ‘The Pays’

Notoriously picky about which payment forms it accepts, Costco Wholesale Corp. is now accepting Apple Pay, Google Pay, and Samsung Pay in its U.S. stores. With 519 locations, Issaquah, Wash.-based Costco is the nation’s third-largest brick-and-mortar retailer, according to the National Retail Federation. In its warehouse-like stores, it accepts debit …

Read More »

General-Purpose Contactless Payments Continue To Struggle on U.S. Transit Systems

Contactless fare payments are still booming on London’s massive public-transportation network, but it’s a different story in the United States despite years of talk and testing. The latest figures from Transport for London, the agency that oversees the United Kingdom capital city’s subways and buses, show an average of 1.48 …

Read More »

Francisco Partners Closes on Its $3.4 Billion Verifone Deal

As of Monday, point-of-sale terminal maker Verifone Systems Inc. once again is a privately-held company. Announced in April, the $3.4 billion deal also sees Michael Pulli, former chief executive of Pace plc, step into the same role at San Jose, Calif.-based Verifone, replacing Paul Galant, who became CEO in 2013. Galant …

Read More »

Priority Buys POS Software Makers and other Digital Transactions News briefs from 8/20/18

Priority Technology Holdings Inc., the new corporate name for Priority Payment Systems following a deal with M I Acquisitions Inc., announced the acquisition of RadPad and Landlord Station, business software for landlords. Just a day after the FBI warned bankers about a looming malware scheme to make ATMs dispense cash …

Read More »

Apple Pay Use Increases With A Lot of Growth Internationally in Users And Transactions

More than 252 million iPhone owners globally use Apple Pay, a figure that equates to 31% of the active iPhone base, says Loup Ventures, a Minneapolis-based venture-capital firm. A year ago, the figure was 25%. That growth mostly is coming from international consumers, who Loup Ventures says account for 85% …

Read More »

Chase Activates Cardless ATM Access and other Digital Transactions News briefs from 8/3/18

Chase, a unit of JPMorgan Chase & Co., enabled cardless ATM access at nearly all of its 16,000 ATMs nationwide when consumers use Apple Pay, Google Pay, or Samsung Pay loaded with a Chase debit or Liquid card. In related news, Chase said Los Angeles-area consumers can use Chase Pay …

Read More »