E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …
Read More »Mitek Rejects Takeover Offer and other Digital Transactions News briefs from 10/11/18
Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …
Read More »ATM Surcharges Increase and other Digital Transactions News briefs from 10/10/18
Fiserv Inc. said it connected more than 100 banks and credit unions so far to the Zelle peer-to-peer payments network. The institutions are now live or will be going live soon, the company said. The average surcharge assessed by the ATM owner for an out-of-network transaction rose for the 14th …
Read More »USA Technologies Could Be Delisted and other Digital Transactions News briefs from 10/9/18
Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need …
Read More »M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18
Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …
Read More »Carr Co-Defendant Settles With SEC and other Digital Transactions News briefs from 10/5/18
Priority Payment Systems LLC said it is making an online installment-payment service from Sezzle available to its merchants. Sezzle pays the merchant in full, upfront, and assumes all repayment risk. A little more than one week into its managed-payments program, eBay Inc. reported it is working on adding PayPal as …
Read More »Help With ETA Self-Regulation Program Debuts and other Digital Transactions News briefs from 10/4/18
Among debit card issuers Apple Pay made up 77% of mobile-wallet transactions, Auriemma Consulting Group said in an analysis of mobile wallets. Samsung Pay and Google made up 17% and 6% of transactions, respectively. Rich Consulting and Double Diamond Group launched a suite of services to aid acquirers, independent sales …
Read More »SpotOn Buys EmaginePOS and other Digital Transactions News briefs from 10/3/18
Payments and software provider SpotOn Transact LLC acquired EmaginePOS, a vendor of point-of-sale software for restaurants and bars. Terms were not announced. Business-services provider CSG Systems International Inc. bought Forte Payment Systems Inc., an independent sales organization, for an undisclosed amount. Credit and debit card information of more than 28,000 …
Read More »Wells Releases Control Tower App and other Digital Transactions News briefs from 10/2/18
PayPal Holdings Inc. announced a partnership with the National Basketball Association’s Phoenix Suns that makes PayPal a payment option on some point-of-sale terminals in the Suns’ arena. The PayPal logo also will adorn players’ jerseys beginning Oct. 17, when the NBA season starts. Free Speech Systems LLC, the company behind …
Read More »Payscape Signs Referral Deal and other Digital Transactions News briefs from 10/1/18
Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …
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