November 10, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Nacha announced the first transactions on its Phixius network, which facilitates information exchange between payors and payees using the automated clearing house network. The Phixius network relies on standardized open application programming interfaces. Nacha announced in February its intention to develop Phixius. Visa Inc. joined in August.Authentication services provider Paay and Bluefin Payment Systems, …
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November 9, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Professional Datasolutions Inc., which acquired private-label debit provider ZipLine in June, said it is working with NCR Corp. on a touch-free mobile payment service for the convenience-store industry.Payment card use among travel companies remained substantially down year-over-year, according to the Tracking Transaction Trends report from PSCU, a credit union service organization, for the …
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November 6, 2020
Acquiring, Competitive Strategies, E-Commerce, Electronic Bill Payment, Kiosks & Ticketing Machines, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing, Vending
USA Technologies Inc., which provides technology to the vending industry for payments acceptance, reported 15,000 net new connections in its fiscal 2021 first quarter, bringing the total to 1,335,000. Revenue rose 13% from the previous quarter to $36.9 million, but was down 15% from the year-ago quarter. The company shaved …
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November 5, 2020
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing, Vending
EVO Payments Inc. reported third-quarter revenue of $117 million, a 4.4% decrease from $122.4 million in the same period a year ago. Its profit, however, of $5.8 million reversed a $1.8 million loss last year. In the quarter, EVO launched EVO Direct Deposit, a real-time settlement service for merchants.The Covid-19 pandemic made …
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November 4, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Gravity Payments said it is processing mobile transactions for IDS Service360, a new software product that integrates with a management system from Integrated Dealer Systems for RV, marine, and trailer dealers.Coro Global Inc., whose app allows users to make payments backed by physical gold, announced its Coro Corp. unit has …
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November 3, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
Payment card manufacturer CPI Card Group Inc. said net sales of debit and credit cards grew 22% year-over-year to $62.7 million in the third quarter. Net sales of prepaid debit cards dipped 1% to $20.6 million. For the nine months through September, credit and debit card sales rose 19% to $180.9 million, …
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November 2, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …
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October 30, 2020
Acquiring, ATMs, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
The Western Union Co. reported third-quarter revenue of $1.259 billion, down 4% year-over-year. Peer-to-peer transactions in the quarter totaled 77.3 million, up 6%.MoneyGram International Inc. reported third-quarter revenue of $323.2 million, down 1% year-over-year on a constant-currency basis. Digital transactions accounted for a 27% share of all money transfers in the quarter.Amazon.com …
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October 29, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Processor Global Payments Inc. reported adjusted net revenue of $1.746 billion for the third quarter, down 4% year-over-year on a combined basis. Global acquired processor TSYS Inc. last year.FIS Inc. reported total third-quarter revenue for its merchant-processing unit of $1.02 billion, up 44% year-over-year. The lift comes chiefly from the acquisition of the …
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October 28, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
Visa Inc. has agreed to acquire YellowPepper USA Inc., whose technology supports financial institutions in Latin America and the Caribbean in launching cards and other financial services. Terms of the transaction, which is expected to close in the next few weeks, were not announced.Celero Commerce said it will acquire TransNational Payments. Celero …
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