Tuesday , March 19, 2019

News

February, 2019

  • 28 February

    ACI Agrees to Acquire Speedpay for $750 Million in a Bid to Bulk up Bill-Pay Muscle

    ACI Worldwide has agreed to lay out $750 million in cash to buy Speedpay Inc., the digital bill-payment business that has been part of The Western Union Co. for 17 years. The deal, announced early Thursday, will bulk up ACI’s bill-payment processing business at a time when trends like digital …

  • 28 February

    NetCents Technology Signs ISO Agreement and other Digital Transactions News briefs from 2/28/19

    NetCents Technology Inc. said it signed a 5-year reseller agreement with an undisclosed independent sales organization. The ISO will bundle NetCents’ gateway and cryptocurrency acceptance into its offerings. The Electronic Transactions Association and Worldpay are bringing 10 startup companies to the ETA’s annual Transact conference. The 10 companies, part of …

  • 27 February

    Square Posts Strong Growth for Cash App, Its Entry in the Hot P2P Payments Market

    Square Inc. is rapidly growing into a heavyweight player in the hard-fought market for peer-to-peer payments. The San Francisco-based company had 15 million active users in December for its P2P product, Cash App, a number that doubled from December 2017, the San Francisco-based company disclosed on Wednesday. That’s still well …

  • 27 February

    Retailers Were Inundated With 10 Billion Credential-Stuffing Attempts In Just Eight Months

    Retailers, like many other businesses, have probably had their fill of fraud attempts. Unfortunately, criminals have not. Between May 1 and Dec. 31, 2018, Akamai Technologies detected more than 10 billion credential-stuffing attacks aimed at retailers, accounting for more than a third of all such attempts—28 billion—in that period. In …

  • 27 February

    Consumer Finance at the Point of Sale Takes a Big Step Ahead As Affirm Clinches a Walmart Deal

    The 7-year-old startup Affirm Inc. has already signed up more than 2,000 merchants to accept its instant-financing option, but on Wednesday it announced it had bagged the biggest one of all: Walmart Inc. In a move that extends Affirm to the physical point of sale in a major way, users …

  • 27 February

    CannaTrac Releases Developer Tool and other Digital Transactions News briefs from 2/27/19

    CannaTrac, a cashless mobile-payment service for the cannabis industry, released an application programming interface for point-of-sale software developers. JPMorgan Chase & Co. CEO Jamie Dimon told investors the bank’s JPM Coin, a blockchain-based token now in test for intrabank corporate payments, one day could be offered to consumers, Bloomberg reported. …

  • 26 February

    Acquiring Banks Outdo Fintechs and Big Processors in Merchant Satisfaction, J.D. Power Finds

    For all the talk about financial-technology firms and non-bank processors encroaching on banks’ turf, acquiring banks still outdo the upstarts when it comes to having satisfied merchant customers, according to J.D. Power’s first in-depth study of the merchant-acquiring industry. The online study of 3,500 small businesses nationwide last October and …

  • 26 February

    POS Developer Adds Stripe Terminal Support for Card-Present Transactions

    SuiteRetail, a Wilmington, Del.-based point-of-sale software developer, completed integration of  Stripe Inc.’s merchant-processing services into its apps, giving merchants the ability to use Stripe for their in-store and online transactions. Merchants using SuiteRetail’s SuitePOS for NetSuite or Salesforce now can complete their online processor and store set-up for Stripe. The …

  • 26 February

    A Year Into His Own Merger, Worldpay’s CEO Offers Advice to Fiserv And First Data

    The global processor Worldpay Inc. is beating its own expectations in knitting together the assets combined in the huge merger of Vantiv Inc. and Worldpay plc and is looking to make more acquisitions this year, top executives said Tuesday. Speaking to stock analysts to discuss Cincinnati-based Worldpay’s fourth-quarter and full-year …

  • 26 February

    Hackers Strike Again and other Digital Transactions News briefs from 2/26/19

    Hackers gained unauthorized access to credit or debit card data stored with software company CentralSquare Technologies and used for one-time water-bill payments made through the city of Pompano Beach, Fla.’s Web site from Aug. 30 to Dec. 6, 2018, the South Florida Sun-Sentinel reported. Nearly 3,800 customers made one-time payments …