Wednesday , July 8, 2020

A New Beetle Debuts and other Digital Transactions News briefs from 1/9/20

  • Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.
  • Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. Both numbers are new records for the company.
  • Mastercard Inc. unveiled an augmented-reality iPhone app that lets cardholders see and access benefits available through their Mastercard. The company said the app “delivers a photorealistic AR experience that transports users to a 360-degree virtual environment, where a series of interactive portals brings their card benefits to life.” Upon launching the app, cardholders are prompted to scan their card, then, using their smart phone to scan the area around them, cardholders will see three portals, each one representing one of three categories representing Mastercard benefits. The app will be available in Apple Inc.’s App Store in the second quarter.
  • Keefe, Bruyette & Woods said its analysts’ top picks among publicly held payments companies are Visa Inc., Mastercard Inc., Global Payments Inc., FleetCor Technologies Inc., and WEX Inc. A basket of 26 publicly held payments companies outperformed the major market indexes in 2019.
  • EVO Payments Inc. notified the state of Maine it will lay off up to 139 employees from its Portland office, according to the Portland Press Herald. The move is not indicative of the payments company exiting any business, Ed O’Hare, EVO senior vice president, tells Digital Transactions News. Having made numerous recent acquisitions, EVO is “creating efficiencies and consolidating some functions in Portland to other offices in the United States,” O’Hare said. Many of the employees will be redeployed to other EVO offices, he added.
  • Payments provider ACI Worldwide Inc. said its UP Merchant Payments product has been integrated with Oracle Retail Xstore Point of Service v18, enabling omnichannel retailers globally to use UP Merchant Payments with Oracle.
  • U.S.-based payments-technology provider InComm said it has agreed to introduce acceptance in Japan for JKOPay, a QR and barcode payments processor in Taiwan.
  • Distributed-ledger technology company Ripple Labs Inc. said it has developed with Siam Commercial Bank, Thailand’s oldest bank, a mobile app called SCB Easy that will run on Ripple and allow users to initiate instant cross-border payments.
  • Payments advisory firm The Strawhecker Group named Mike Strawhecker president, replacing his father Kurt Strawhecker, who advances to the post of chairman of the board of directors. The elder Strawhecker cofounded the firm in 2006 with Jamie Savant, who also is a partner at the company.

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