Friday , May 24, 2019

News

January, 2019

  • 14 January

    Kabbage in Alibaba Deal and other Digital Transactions News briefs from 1/14/19

    Kabbage Inc., an online small-business financier, said it provides the Pay Later program for U.S. small-business buyers on Alibaba.com, an online marketplace. Payment-terminal maker Equinox Payments and payments-software provider Acceo Tender Retail announced the Equinox Luxe 8500i and Luxe 6200m terminals have achieved EMV end-to-end certification on First Data Corp.’s …

  • 11 January

    Discover Looks to Europe And the Middle East for Merchant-Acceptance Expansion

    Discover Financial Services is on the verge of a major expansion of Discover, Diners Club, and Pulse acceptance across Europe and the Middle East following Friday’s announcement of a deal with a third-party provider. Riverwoods, Ill.-based Discover says it will work with 3C Payment, a Luxembourg-based payment service provider that …

  • 11 January

    Fit Pay’s Bitcoin-Connected Flip Device for POS Transactions Starts Shipping Next Month

    Fit Pay Inc. announced on Friday it will begin shipping its Bitcoin-based contactless device, Flip, on Feb. 13. The coin-shaped token sells to consumers for $29 and allows them to convert their Bitcoin holdings to U.S. dollars and then spend the money at stores equipped with contactless point-of-sale terminals. The …

  • 11 January

    Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19

    Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …

  • 10 January

    TSYS Revives Its Vital Brand as the Name for Its New POS Product Suite

    Payment processor Total System Services Inc. (TSYS) on Thursday unveiled a line of point-of-sale terminals and services for small and mid-size businesses, and took its Vital brand out of a 13-year retirement as the name for the new product suite. The cloud-based Vital POS has three major components: Vital Mobile, an …

  • 10 January

    Square’s Push Upmarket Leads It to Launch an SDK for In-App Transactions

    Square Inc. released a software development kit to enable merchants and developers to use Square for their payments processing in apps. Announced Wednesday, the SDK marks a first for Square and creates a single platform for transactions made by Square merchants that also sell in stores. The SDK is available …

  • 10 January

    Graylin Starts Another Payments Enterprise and other Digital Transactions News briefs from 1/10/19

      Will Graylin, a payments entrepreneur and former Samsung Pay executive, launched OV Loop, which includes two voice-activated messaging products, OV App and OV Pro. OV App includes OV Pay, a single-tap payment application under development with financial institutions. Online merchants that don’t process local currencies fail to consummate 6% …

  • 9 January

    Cannabis Payment App Debuts and other Digital Transactions News briefs from 1/9/19

    CannaTrac, a cashless-payment service for the cannabis industry, released the CannaCard App, a mobile-payment service that enables users to upload funds from a checking account, debit card, or cash at select partner locations. A 95-cent fee applies to each funds loading. The app, available for Android and iOS devices, is …

  • 9 January

    COMMENTARY: Why Cryptocurrencies Are a Solution in Search of a Problem

    When you look at the benefits that cryptocurrencies offer, it’s somewhat surprising that they aren’t an established method of payment yet. They are cheaper than other payment methods, they allow fast global money transfer, and they provide built-in security and encryption. However, cryptocurrencies haven’t really taken off and are more …

  • 8 January

    New York Credit Card Surcharges Get a Green Light as Merchants and the State Agree To Dismiss Lawsuit

    Merchant plaintiffs and the state of New York filed motions Tuesday in a federal appellate court to dismiss the merchants’ challenge to New York’s law banning credit card surcharges. As a result, surcharges will be allowed when the merchant posts total prices for credit card purchases in dollars and cents. …

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