Saturday , February 24, 2018

News

October, 2017

  • 18 October

    CPI Receives Card Patents and other Digital Transactions News briefs from 10/18/17

    For U.S. Bancorp’s Elavon unit, merchant-processing revenues were down slightly in the third quarter, to $405 million, compared to a year ago, according to the bank’s earnings release. But revenue year to date is up 0.2%, at $1.19 billion, compared to the same period in 2016. Payment card manufacturer CPI …

  • 17 October

    VeriFone Adding Alipay Acceptance to Las Vegas, NYC Taxis

    As tourists from China visit the United States—they are now the fifth largest group of travelers to this country—they want to use familiar payment methods. Now, Alipay, the digital wallet from China’s Alibaba Group Holding Ltd., will be accepted in New York City and Las Vegas taxis using VeriFone Systems …

  • 17 October

    Letting Users Pay Merchants With Venmo Could Spur New Revenue From a New Crowd

    PayPal Holdings Inc. has been talking for more than a year about allowing users of its popular Venmo person-to-person payments app to use the app to pay merchants. On Tuesday, the payments company threw the door wide open for Venmo, announcing it can now be used to pay at as …

  • 17 October

    Visa Invests in B2B Payments Provider Billtrust

    Visa Inc. reported Tuesday that it has invested in Billtrust and is working with the business-to-business payments provider to streamline the reconciliation of B2B payments and increase the automation of virtual card payments for financial institutions and their corporate customers. The companies did not reveal the size of Visa’s investment, …

  • 17 October

    Phillips 66’s ACH Payment Service and other Digital Transactions News briefs from 10/17/17

    Fuel-payments specialist P97 Networks and Buy It Mobility Networks, an automated clearing house-based payment and consumer-engagement provider, said they will provide ACH-based payment and related services to Phillips 66, Conoco, and 76-branded fuel stations. In 2016, P97 said it was working with Chase Pay on a payments service for Phillips …

  • 17 October

    Making the Move from Vendor to Payment Partner

    By Caesar Kavadoy, VP of Sales Strategy, Paysafe A majority of payments companies focus solely on pricing and leave it up to the customers to figure out the rest. It’s time to make a change. Sales teams need to take a consultative, solutions-oriented sales approach to the business. If they don’t …

  • 16 October

    Eye on Merchant Processing: Heartland Analytics Launches; Net Element’s Same-Day ACH Service

    Global Payments Inc. is making the transaction data its merchants generate easier for them to access and use. The Atlanta-based processor launched Heartland Analytics Monday. The service, available to U.S. merchants, is designed for small and mid-size businesses in the restaurant and hospitality industries. The service enables them to view …

  • 16 October

    Eye on Cross-Border Payments: BBVA Launches App-Based Transfers; Glance ‘s License

    Money transfers took a step toward app-based processing on Monday with news that BBVA is launching a service that will let persons in the United States use their smart phones to send money to recipients in Mexico. Later, the service will expand to the Caribbean and the rest of Latin …

  • 16 October

    IBM Unveils a Blockchain-Based Cross-Border Payment Service

    International Business Machines Corp. on Monday announced a new service for financial institutions that uses blockchain technology to reduce settlement times and lower transaction costs. IBM is offering the service with Stellar.org., a Silicon Valley-based non-profit that runs the open-source Stellar blockchain network to bring low-cost financial services to low-income …

  • 16 October

    AmEx Anti-Steering Case Moves to Supreme Court and other Digital Transactions News Briefs from 10/16/17

    The Supreme Court agreed to hear a controversial antitrust case in which American Express Co. is defending its anti-steering rules for merchants against challenges from 11 states led by Ohio, Reuters reported. Payments provider TransCard Payments LLC announced a partnership with ExpenseAnywhere, an accounts-payable software developer. Travel Centers of America …