Amazon Seeks Western Union E-commerce Aid and other Digital Transactions News briefs from 10/31/18
Digital Transactions News staff
October 31, 2018
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Near-Field Communication (NFC), Transaction Processing
- USA Technologies Inc., a vendor of payment-acceptance technology for self-serve machines, launched its ePort G9 in Canada. The device accepts contactless debit cards equipped with Interac Flash.
- The Western Union Co. said it has been asked by Amazon.com Inc. to develop a service that will allow overseas shoppers to pay in person and in local currency at Western Union agent locations for items they’ve shopped for on Amazon’s site.
- Despite raising its full-year loss projection to up to $520 million, Diebold Nixdorf Inc. saw its shares rise 14% Wednesday morning after the ATM and point-of-sale hardware and software provider reported a 2% third-quarter revenue gain on a constant-currency basis, stronger results from the Americas, and more savings than earlier projected from its cost-cutting program.
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Fleet-fueling and corporate-payments provider
WEX Inc. said third-quarter fuel transactions increased 7% year-over-year to 141.7 million, and payment transactions also rose 7% to 117.7 million. Purchase volume in WEX’s Travel and Corporate Solutions segment increased 11% to $9.6 billion.
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In related news, WEX said it has a deal with Japan’s
JCB payment network under which it will be JCB’s first issuer of virtual cards.
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Puerto Rico-based payment processor
Evertec Inc. reported $24.5 million in net revenues from its merchant-acquiring operation in the third quarter, up 13.6% from $21.6 million a year earlier.
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EBay Inc., which began its so-called intermediated-payments program last month, said in an earnings call that it processed $38 million in volume so far. The marketplace also reported approximately 12% of iOS transactions so far have been made with Apple Pay, one of the first payment services the new program accepted.
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Square Inc. is seeking merchants in its portfolio who frequently send invoices to test an updated Square Invoices mobile app; Square says the Android beta app will allow its sellers to do everything they can do with the Square point-of-sale app, but it includes easier navigation and more features, including the ability to request deposit payments.
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Payments provider
Shift4 Payments said it integrated EMV payment processing with Opera, a property-management system from Oracle.
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Visa Inc. announced it will be the official payments-technology provider for Hudson Yards, a new mixed-use neighborhood under development on the West Side of Manhattan in New York City.
- As Bitcoin celebrates its 10th anniversary on Wednesday, the digital currency, known for its volatility, has displayed what for it is a fairly stable value in recent weeks, trading between $6,200 and $6,800 since Sept. 6. The whitepaper that first proposed Bitcoin appeared Oct. 31, 2008.
- Trade association Epcor named Susan K. Doyle president effective Jan. 1. Doyle previously worked at Commerce Bank in Kansas City and has worked with numerous banking and payments organizations.
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