Friday , January 19, 2018

News

June, 2017

  • 9 June

    After a 12-Year Ride, Changing Market Conditions Spur VeriFone To Ditch Taxis

    By Jim Daly@DTPaymentNews VeriFone Systems Inc. is best known for its point-of-sale payment terminals, but the company is growing its cloud- and software-based payment products and services. VeriFone also has made a name for itself in payment and media services for taxicabs, but that business is now on the block, …

  • 9 June

    COMMENTARY: Cut-Rate Processing Can Mean Diluted Services

    By Dave Yohe Selecting the right partner to process payments is essential for organizations taking payments directly from consumers. While it might be tempting to choose the provider offering the lowest rate, the short-term gains from saving a little money can risk longer term business revenue. In the following paragraphs …

  • 9 June

    Durbin Amendment Repeal Effort Lives On and other Digital Transactions News briefs

    • While House Republicans have stripped from the Financial Choice Act a provision that would have repealed the Durbin Amendment, the effort to get rid of the law’s debit-interchange caps and routing rules is still alive. As the House voted to pass the Act, a trio of Congressmen spoke in the House on Thursday …

  • 8 June

    Mastercard Takes Aim at Small-Business Payments in a Venture With AvidXchange

    By John Stewart @DTPaymentNews Payment card networks have for years eyed the broad market for small-business payments, which are still largely executed with paper checks. On Thursday, Mastercard Inc. and payables-automation company AvidXchange Inc. said they will attack that paper mountain with The Mastercard B2B Hub, which will be distributed …

  • 8 June

    Wal-Mart Entices Credit Card Applicants With Instant Access Via Walmart Pay

    By Jim Daly@DTPaymentNews Wal-Mart Stores Inc. is giving customers another reason both to take its credit cards and use its Walmart Pay mobile wallet by enabling new cardholders to use their credit accounts immediately upon approval via Walmart Pay rather than having to wait for a plastic card to come …

  • 8 June

    Washlava Spins a New Way To Pay for, And Use, Laundry Services

    By Kevin Woodward@DTPaymentNews Consumers have a new way to get, and pay for, clean clothes with the debut of Washlava. As announced this week, Washlava offers consumers a smart-phone app they can use to reserve washers and dryers, and then pay for that use. The service, another indicator of the …

  • 8 June

    Payment Data Systems’ Singular Acquisition and other Digital Transactions News briefs

    • Merchant processor Payment Data Systems Inc. extended the expiration of its non-binding letter of intent to buy independent sales organization Singular Payments LLC to enable Payment Data to finish its due diligence and Singular to conclude its audit; both companies agreed to the extension, Payment Data said. Terms of the stock and …

  • 8 June

    VeriFone Doubles Down on New Products as It Exits the Taxi Business and Retreats in China

    By Jim Daly@DTPaymentNews Payment technology provider VeriFone Systems Inc. reported Thursday that it plans to divest its line of products for taxicab payments and media services, and will take a minority interest in a joint venture that will own its current business in China. News of those developments came as …

  • 7 June

    Visa Adds 13 Partners to Its Token Service Provider Program

    By Jim Daly @DTPaymentNews With demand for tokenized payment transactions anticipated to explode in the coming years with the growth of connected devices through the Internet of Things as well as mobile and online payments, Visa Inc. reported Wednesday that it has signed 13 new companies to participate in its …

  • 7 June

    Revel Systems Debuts Revel University and other Digital Transactions News briefs

    • Tablet-based point-of-sale provider Revel Systems launched Revel University, an online training service for merchants using its technology. • Payments provider BlueSnap Inc. said merchants using its Powered Buy Platform now can accept Apple Pay transactions. • Nineteen percent of consumers used person-to-person payments through a financial institution in the past 30 days in a …