Thursday , April 19, 2018

News

February, 2018

  • 8 February

    Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

    Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …

  • 8 February

    Apptizer App Integrated into Verifone Carbon and other Digital Transactions News briefs from 2/8/18

    Payment-processing hardware and software provider VeriFone Systems Inc. said the Apptizer mobile order-ahead app is now integrated with its Verifone Carbon point-of-sale devices. In related news, VeriFone said Helsinki-based Euroloan Group Plc’s Mash application is now integrated into the Verifone Connect system, enabling consumers to select a pay-later option when …

  • 7 February

    Fraudsters’ First Love: Signature Debit Cards

    Criminals target signature-based debit cards for fraud attempts far more than any other payment method, according to new findings from the Federal Reserve Bank of Minneapolis. The Minneapolis Fed’s survey last summer, which garnered responses from 283 banks and credit unions across the country, found that more than 90% of …

  • 7 February

    ProPay Launches Payment Network for Software-as-a-Service Firms

    ProPay, a unit of Total System Services Inc. (TSYS), announced the debut of the ProPay Payment Network Wednesday. The service targets software-as-a-service providers and aims to make it easier for them to make payments among merchants, marketplaces, affiliates, consultants, and partners. TSYS says it does that through a single point …

  • 7 February

    Consumer Cynicism Climbs in a ‘Runaway Year for Fraudsters,’ a Report Finds

    Thanks to the seemingly unending epidemic of data breaches—capped by the huge breach last summer at credit-reporting titan Equifax Inc.—consumers are becoming both more aware and more cynical about the problem, according to research released Tuesday by Javelin Strategy & Research. In the wake of the Equifax case, in which …

  • 7 February

    GCF Buys Paper Systems and other Digital Transactions News briefs from 2/7/18

    Point-of-sale products seller General Credit Forms Inc. said it purchased Paper Systems Inc., a manufacturer of paper rolls for POS and ATM systems. Paper Systems will continue to operate as PSI. Terms were not disclosed. Euronet Worldwide Inc., which is based in the United States but operates ATM and other …

  • 6 February

    Shift4 Payments Makes Three Acquisitions in Hospitality POS

    Shift4 Payments LLC, owner of the Harbortouch point-of-sale service, announced Tuesday it purchased three POS brands specializing in hospitality payments. Restaurant Manager, POSitouch, and Future POS are now part of Shift4 Payments. Terms were not disclosed. The acquisitions add 90,000 merchants to Shift4 Payments’ portfolio, and include customers such as …

  • 6 February

    Womply Launches CRM Service for SMBs and other Digital Transactions News briefs from 2/6/18

    Data-services provider Womply announced Womply Engage, a customer relationship management service for small businesses that enables merchants to create and manage email marketing programs. In an effort to address data breaches in the financial-services industry, the Accredited Standards Committee X9 Inc. said it is seeking experts for an initiative to create …

  • 5 February

    Canada’s Interac Association and Acxsys Corp. Combine Into One Entity

    In an effort to streamline operations, Interac Association, Canada’s nationwide debit network, and its corporate cousin Acxsys Corp. have reorganized into a single entity known as Interac Corp., the company announced Monday. “This is an important milestone for Interac and a critical step in our continued success as one of …

  • 5 February

    PayPal Takes a Beating As the Spotlight Shifts to eBay’s Payments Plans With Adyen

    When news broke last week that eBay Inc. will begin moving away from its tight embrace of PayPal Holdings Inc. for payment processing, investors immediately punished PayPal’s stock, interpreting the move as a big blow to the company’s business. But the frenzy of PayPal shorting may have overlooked one thing: …