Monday , December 10, 2018

News

November, 2018

  • 7 November

    Dorsey Sees Square’s New Terminal Displacing ‘Dinosaur’ Devices on Merchant Countertops

    Square Inc. on Wednesday played up its recent launch of an important new hardware product and celebrated what it called its first quarter of profitability under generally accepted accounting principles. While executives did not discuss sales numbers for Square Terminal, a $399 touchscreen-equipped handheld device the San Francisco-based company released …

  • 7 November

    Green Dot Says It’s the Go-Between in the New Walmart-PayPal Cash Service

    When retail giant Walmart Inc. and PayPal Holdings Inc. announced nearly a month ago that PayPal customers will be able to withdraw cash from, and deposit cash into, their accounts at U.S. Walmart stores, a major partner in that service wasn’t mentioned. On Wednesday, prepaid card services provider Green Dot …

  • 7 November

    EVO Notes Revenue Increase and other Digital Transactions News briefs from 11/7/18

    Three years after the EMV liability shift, fallback fraud, which bypasses protections against counterfeit card use, remains a problem for the U.S. payments industry, Auriemma Consulting Group said. Its data found that fallback fraud, which typically is a problem when markets first adopt EMV, still makes up more than 20% of …

  • 7 November

    Predicted Contactless-Card Boom Remains Just That for Card Manufacturer CPI Card Group

    Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc. Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as …

  • 7 November

    Pay-at-the-Table Comes to a Restaurant Group With Ingenico Devices

    A restaurant franchiser is deploying Ingenico Group point-of-sale terminals as part of a migration to pay-at-the-table payment acceptance at its TGI Friday’s and Zinburger Wine and Burger Bar locations, Ingenico announced Wednesday. The deal ultimately will see pay-at-the-table service, where the server brings the POS terminal to diners at their …

  • 6 November

    Ingenico Sacks Its CEO As It Considers ‘Strategic Options’

    Point-of-sale terminal maker and payment processor Ingenico Group on Monday announced an executive shakeup that saw long-time chairman and chief executive Philippe Lazare replaced by the former CEO of Visa Europe. Lazare’s replacement and other boardroom changes come shortly after the Paris-based company said it was exploring “strategic options” in …

  • 6 November

    PaySimple in MarketSharp Deal and other Digital Transactions News briefs from 11/6/18

    E-commerce platform 3dcart announced an integration with TradeGecko, a cloud-based inventory-management platform for business-to-business companies. The integration means online retailers can synchronize their 3dcart store with their TradeGecko account, 3dcart said. Payments provider PaySimple announced its services are now available to users of MarketSharp, marketing and management software program for …

  • 6 November

    In the Shadow of Amazon, 7-Eleven’s Scan & Pay Brings Mobile Checkout to the C-Store Chain

    Consumers shopping at 14 7-Eleven Inc. stores in the Dallas area can test the convenience-store chain’s new Scan & Pay feature to make purchases without stopping at the checkout counter, 7-Eleven announced Monday. The service, part of the 7-Eleven app that also houses the 7Rewards loyalty feature, enables consumers to …

  • 5 November

    October’s Market Tumult Ensnares Most Processor Stocks

    The stock-market volatility in October, which saw the Standard & Poor’s 500 stock index decrease 7.8% by the end of the month, spared few of the publicly held payment processors tracked by Barrington Research, a Chicago-based investment firm. In its monthly report, Barrington Research says only Puerto Rico-based Evertec Inc., …

  • 5 November

    How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

    Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to …