Thursday , March 28, 2024

News

April, 2016

  • 11 April

    iPayment Selects Apriva for Mobile POS Service Targeting Smaller Businesses

    Merchant processor iPayment Inc. announced Monday it will offer a white-label version of Apriva’s AprivaPay Plus to small and mid-size merchants. Dubbed iPayment MobilePay, the mobile point-of-sale service uses AprivaPay Plus, mPOS software developed by Scottsdale, Ariz.-based Apriva. Merchants can use the service with iOS, Android, or Amazon Fire mobile …

  • 8 April

    For Payments Newbies, Funding Deals Remain Plentiful But Checks Get Smaller

    Funding activity for startups in the payments business continued at a hectic pace over the past six months—but the total dollars invested fell through the floor. There were 75 funding deals in the first quarter totaling $396 million, according to the latest data from CB Insights, a New York City-based …

  • 7 April

    Pivotal Payments Licenses Tango Platform and other Digital Transactions News briefs

    • U.S. senators from Colorado, Washington, and Oregon, three states where recreational marijuana use is legal, asked the various federal bank and credit-union regulatory agencies to develop joint guidance for how financial institutions could serve legal cannabis businesses; marijuana use remains illegal under federal law, meaning that many marijuana merchants …

  • 7 April

    Will Credit Card Surcharging Become the Norm in 2016, as One Analyst Prophesies?

    Though merchants have been permitted since 2013 to add surcharge fees to credit card transactions, it’s only in 2016 and 2017 that the practice will become the norm, ushering in a new phase of a sometimes contentious relationship between merchants, the payment card industry, and consumers. That’s the assertion of …

  • 6 April

    Consumers Seek Online Payments Security Assurances: Survey

    As online shopping continues to grow, consumer anxiety about the security of the payment card credentials on e-commerce sites remains a top concern. Some 48% of consumers want more assurances about their online shopping security, finds a survey released Wednesday by Tender Armor. The survey of more than 1,000 consumers, …

  • 6 April

    Square Nuances Customer Engagement Suite and other Digital Transactions News briefs

    • Merchant acquirer Global Payments Inc. reported net income of $69.1 million for fiscal 2016’s third quarter ended Feb. 29, up 10.4% from $62.6 million a year earlier. Revenues came in at $679.9 million, up 2.2%. Global Payments expects to complete its acquisition of Heartland Payment Systems Inc. this month. …

  • 6 April

    Eye on EMV: Terminal Hiccups, Petroleum’s Challenge, And a Dual-Interface Future

    Of the challenges presented by the U.S. payments systems’ transition to the EMV chip card standard, one of the least reported is confusion among both consumers and merchants  caused by the sudden appearance of puzzling terminal messages. Meanwhile, new numbers indicate petroleum marketers face a daunting challenge meeting their October …

  • 6 April

    A Trip To 7-Eleven To Buy Snacks and Gas Can Now Include Paying Taxes—in Cash

    With the April 18 tax-filing deadline bearing down, a new cash-payment option from the Internal Revenue Service and payment processors PayNearMe and Official Payments lets consumers pay federal income taxes in cash at 7-Eleven convenience stores—and if there’s any money left, they can ease the pain with a Slurpee. PayNearMe, …

  • 5 April

    The FIDO Alliance Reports a 50% Gain in Certified Products in Just One Quarter

    With financial institutions, merchants, and software application developers all looking for better online security than that afforded by the traditional, static user name and password, the Fast IDentity Online (FIDO) Alliance’s brand of authentication products is starting to get traction. The Mountain View, Calif.-based industry consortium reported Monday that 150 …

  • 5 April

    Trump Links Money Transfers to His Mexico Wall and other Digital Transactions News briefs

    •  PayPal Holdings Inc. will not follow through on plans announced two weeks ago to expand in Charlotte, N.C., and add 400 jobs because of North Carolina’s recently enacted House Bill 2, which PayPal says “perpetuates discrimination and it violates the values and principles that are at the core of …

Digital Transactions