Saturday , February 24, 2018

News

February, 2018

  • 14 February

    Diebold Nixdorf Reports Mixed Results and other Digital Transactions News briefs from 2/14/18

    Fourth-quarter hardware sales for ATM and banking and retail-payment equipment manufacturer Diebold Nixdorf Inc. fell 11% year over year to $473.2 million, but software and services revenues rose 19% and 7%, respectively, the company reported. Credit card balances hit $834 billion in the fourth quarter, up 7% from $779 billion …

  • 13 February

    Payfone Continues To Attract Investment From Payments Companies, This Time Synchrony Financial

    Mobile-authentication technology provider Payfone Inc. has raised another $23 million in a new funding round that included retail card payment services provider Synchrony Financial. The exact investment from Synchrony Ventures, Synchrony Financial’s venture-capital arm, wasn’t disclosed in Tuesday’s announcement. An undisclosed institutional investor led the funding round. In addition to …

  • 13 February

    Cumberland Farms Adds Biometric Support to Its Fuel-Payment App

    Convenience-store operator Cumberland Farms Inc. updated its SmartPay Check-Link mobile app with biometric authentication and the ability to enroll in the program within the app, the Westborough, Mass.-based company announced Monday. The app, which launched in 2013, gives users a 10-cent discount per gallon of gas when they use it …

  • 13 February

    A Startup Enlists E-ZPass for Car-Based Payments Away From Toll Booths

    A Boston-based startup on Tuesday announced a service that lets holders of E-ZPass transponders pay for such things as car washes, gasoline, and drive-through items from their cars. Under an agreement with the E-ZPass Group, Verdeva Inc.’s PayByCar service will start a pilot program that lets users create an account …

  • 13 February

    Albuquerque Airport Vendor Adding Self-Service Kiosks and other Digital Transactions News briefs from 2/13/18

    Fresquez Companies, operator of nine restaurants at the Albuquerque International Sunport airport, announced it is replacing its vending machines with unattended kiosks for food and other products that use weight-sensing shelves from ShelfX Inc. to determine a consumer’s product selection. Consumers swipe a payment card to unlock the kiosk. Payment …

  • 12 February

    First Data’s Prepaid Business Shines as Struggling Bank Joint Ventures Begin Turnaround

    First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …

  • 12 February

    COMMENTARY: Five Key Trends in Payments to Watch for As 2018 Unfolds

    As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …

  • 12 February

    YapStone Raises $71 Million and other Digital Transactions News briefs from 2/12/18

    Card-data analytics company Cardlytics, which went public Friday, was trading at nearly $16 a share at mid-morning Monday, up 18% on the day to that point. The stock is up 30% since its debut. YapStone, which processes payments for apartment and vacation rentals, announced the first closing in a Series …

  • 9 February

    NCR’s ATM Revenues Dip as POS Equipment Sales Rise

    ATM manufacturer NCR Corp. reported Thursday that its ATM revenues declined 21% in the fourth quarter, but point-of-sale hardware revenues grew 23%. Total revenues at Atlanta-based NCR came in at $1.78 billion, down 1% from $1.8 billion in 2016’s fourth quarter and off 3% on a constant-currency basis. The company …

  • 9 February

    March of the Cryptos: All of the Top 10 Digital Currencies Rise This Week

    The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …