March 4, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Bluefin Payment Systems LLC said several devices were added to its PCI-validated point-to-point encryption listing.Forte Payment Systems, a unit of CSG International Systems Inc., launched BillPay, a billing product that features security enhancements, the ability for users to pay online, via kiosk, or in person, and other enhancements.Installment-payment specialist Splitit Payments Ltd. said …
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March 3, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Transaction Processing
Debit network Shazam Inc. said it will offer The Clearing House Payments Co. LLC’s Real Time Payments service to its member financial institutions.POS Supply Solutions said it acquired Paper-Net, a point-of-sale consumables supplier, earlier this year. Terms were not disclosed. Paper-Net will take on the POS Supply Solutions branding.Professional Data Solutions Inc. (PDI), …
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March 2, 2020
Acquiring, Competitive Strategies, Fraud & Security, Point-of-sale, Transaction Processing, Vending
Donald W. Layden Jr. has been appointed chief executive of USA Technologies Inc., a specialist in unattended payments. Layden, who has been serving as interim CEO since October, will continue to serve on the company’s board but will step down as executive chairman. Among other moves at the board and executive …
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February 28, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Payment gateway USAePay announced it now offers the Shopaccino eCommerce product and an integration with the USAePay gateway to merchants via its resellers.Craver Solutions Inc., which provides a branded mobile app to restaurants, said it is now integrated with the Clover point-of-sale platform from Fiserv Inc.Sphere, a service of payments-software provider TrustCommerce, said …
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February 27, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square …
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February 26, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Fiserv Inc. announced its Clover unit has launched Clover Station Pro, a cloud-based point-of-sale device featuring a customer-facing countertop display and software specific to quick-service and full-service restaurants on the Clover platform.Elavon Inc., the merchant acquiring unit of U.S. Bancorp, announced the sale of its Mexico-based operations to banking giant Santander …
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February 25, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Person-to-Person Payments, Prepaid Cards, Transaction Processing
Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its …
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February 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Electronic Bill Payment, Issuing/Originating, Mergers & Acquisitions, Person-to-Person Payments, Transaction Processing
Fiserv Inc. announced more than 600 financial institutions have joined the Zelle peer-to-peer payments network through its Turnkey Service for Zelle program, with more than 300 of those institutions coming on board last year.Private-equity firm Great Hill Partners and payments provider VersaPay Corp. announced the closing of the previously announced acquisition of VersaPay by an …
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February 21, 2020
Acquiring, Electronic Bill Payment, Fraud & Security, Mobile Commerce
The Western States Acquirers Association announced Jason Putnam, a TIB-The Independent BankersBank executive, is president for 2020, having been a board member for the past 11 years. Deborah Camm, a Merrick Bank executive, is the vice president. Chase Oelkers of Folium Biosciences and Scott Defazio of Fiserv were elected directors. John Newton …
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February 20, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Prepaid Cards, Transaction Processing
Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …
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