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A Startup Player Wants To Be the Common OS for Smart Terminals

Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in the course of announcing a $100-million funding round last month, the Palo Alto, Calif.-based company also argued it should be the one to provide that …

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British Competition Regulators Probe PayPal’s Takeover of iZettle

The United Kingdom’s Competition and Markets Authority announced Monday that its initial investigation has found that PayPal Holdings Inc.’s September acquisition of Swedish processor iZettle AB could reduce competition or raise prices in the payments market. But whether the antitrust regulator will unwind the deal is far from certain. “While …

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Stock Downturn Ensnares Some Payments Companies and other Digital Transactions News briefs from 11/20/18

The ongoing selloff of technology stocks is pulling down payments-industry shares despite no major negative earnings or other recent news from payment companies. Shares of 41 of 45 payments-related companies tracked by Digital Transactions News fell Monday. Downward pressure moderated Tuesday morning but still continued. Among the worst hit Monday …

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The Race for the Top Slot in Smart Terminals Is on With an Entry From North American Bancard

The era of the smart point-of-sale terminal has already dawned, and now the race is on for dominance. North American Bancard Holdings LLC on Thursday launched its PayAnywhere smart terminal, which runs on NAB’s PayAnywhere mobile-payment software. The move follows news earlier this week that terminal startup Poynt Co. is …

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Fresh From a $100-Million Funding Round, Poynt Sets a Goal To Be the Common OS for Smart POS Terminals

Poynt Co., a startup supplier of intelligent payment devices, argues so-called smart terminals should have a common operating system like smart phones do. And in announcing a $100 million funding round on Tuesday, the Palo Alto, Calif.-based company also argued it should be the one to provide that OS. Investors …

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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., …

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Cardtronics Feels 7-Eleven Impact and other Digital Transactions News briefs from 11/2/18

ATM network owner Cardtronics plc reported revenues of $340.2 million for the third quarter, down 15% from $402 million a year earlier primarily because of the removal of its ATMs from its former largest retailer customer, 7-Eleven Inc., and currency effects. U.S. same-store withdrawal transactions rose 6%, driven by growth …

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12th Annual The 10 Most Pressing Issues in E-Payments

If understanding a problem is the first step toward a remedy, here are 10 first steps for the executives who must grapple with the complexities of payments every day. Well, here we are with our annual list of the 10 issues causing the most sleepless nights for payments executives these …

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EMV Finds a Seat in Restaurants

Forget an a la carte approach to point-of-sale services. EMV has trained restaurant operators to want inclusive features to help run their businesses. Ask point-of-sale system experts to describe the state of EMV acceptance among restaurants, and their choice of words may not be what many expect, or would hope, …

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More Than a Token Effort

The nation’s two big card networks (maybe we should just start calling them payments networks) come in for a fair bit of criticism, particularly from merchants. Much of it is justified. But the fact remains they are pretty good at doing what networks must do: switching a great bulk of …

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Digital Transactions