Tuesday , March 19, 2019

News

March, 2019

  • 4 March

    Atlanta’s Mercedes-Benz Stadium Will Go Cashless Next Weekend

    While a handful of states and cities are passing laws requiring retailers to accept cash, Mercedes-Benz Stadium, home of the National Football League’s Atlanta Falcons and Major League Soccer’s Atlanta United, will go completely cashless March 10. Stadium management announced the new policy Monday, and it takes effect with Atlanta …

  • 4 March

    COMMENTARY: If You Aren’t Doing Integrated Payables, Here’s Why You Should

    The road to payment automation hasn’t been an easy one, with many organizations still battling outdated payment processes and exposing themselves to unnecessary costs, inefficiencies, and payment-fraud risks. Some organizations are still working with manual, costly, and fraud-prone paper based accounts-payable processes, while others have started down the path of …

  • 4 March

    ETA Joins Financial Trade Groups in Opposing Money-Transfer Tax To Fund Border Wall

    The Electronic Transactions Association joined seven other financial trade groups in opposing a Republican-backed bill in the House of Representatives that would levy a 5% tax on cross-border money transfers to fund President Trump’s proposed border wall. Introduced in January by U.S. Rep. Andy Biggs, R-Ariz., H.R. 85 would require …

  • 4 March

    i3 Verticals’ $20 Million Acquisitions and other Digital Transactions News briefs from 3/4/19

    Payments company i3 Verticals Inc. announced the acquisition of two unnamed companies at a combined price of approximately $20 million. One is in the public sector and the other is in wireless Internet-service billing. Countering the impression that most users of digital-payments services skew younger, half of first-time person-to-person payment …

  • 1 March

    Acquirers Becoming Issuers:
    The Evolution of Merchant Services

    Until recently, Merchant Acquiring and Card Issuing processes were at different ends of the spectrum. However, ingenuity, competitive pricing for merchant services, and an opportunity to better serve the growing number of new businesses are resulting in a confluence of acquiring and issuing in the payments industry.  Acquirers are now …

  • 1 March

    How ISOs are outsmarting flat production trends

    John Newton – Vice President of Sales, Strategic Partnership Channel, First American Payment Systems If one-to-many isn’t part of your ISO’s growth strategy, it should be. The days of selling on price and free equipment are in the rearview mirror. Product parity has leveled the playing field, with market compression …

  • 1 March

    Kroger Steps up the Pressure on Visa With Another Ban on the Network’s Credit Cards

    The Kroger Co. on Friday opened a new front in its battle with Visa Inc. over acceptance costs with an announcement that it will stop accepting Visa credit cards at its Smith’s Food & Drug Stores chain, which operates 134 stores in seven Western states. The ban is set to …

  • 1 March

    In Speedpay, ACI Worldwide Will Gain a Bill-Pay Pioneer

    With its pending $750 million acquisition of The Western Union Co.’s bill-pay subsidiary Speedpay Inc., payment-software and processing provider ACI Worldwide Inc. will gain control of a profitable operation that made a name for itself in expedited payments. “Speedpay invented the expedited-payments market,” says Richard K. Crone, chief executive of …

  • 1 March

    Accenture Invests in P97 Networks and other Digital Transactions News briefs from 3/1/19

    Business-services firm Accenture invested in and formed an alliance with P97 Networks Inc., a cloud-based mobile-commerce firm specializing in automotive. As part of the agreement, Accenture will develop products from P97 for its clients. P97’s PetroZone service is installed at more than 20,000 U.S. filling stations. Terms of the investment …

  • 1 March

    Smart payment solutions:
    What is the payments industry doing to keep up?

    We’ve come to expect certain levels of safety, security, and convenience when it comes to payments. Today, consumers are using their phones, watches, and even their cars to pay for various goods and services. Recently, the Mercedes-Benz Stadium, home of the NFL’s Atlanta Falcons and MLS’ Atlanta United, switched to …