Paysafe Group said it is rebranding merchant acquirer iPayment Holdings Inc. as Paysafe “with immediate effect.” Paysafe acquired iPayment this spring for undisclosed terms. Rewards platform provider Cardlytics Inc. said revenue from Cardlytics Direct, the company’s primary product, hit $35.1 million in the second quarter, up 21% from a year …
Read More »Citcon in Mall of America Deal and other Digital Transactions News briefs from 8/14/18
Citcon USA LLC, a cross-border mobile-payment and marketing company, said its service will be enabled at various Mall of America merchandise shops and guest services and in the Nickelodeon Universe theme park inside the Bloomington, Minn., mall. Citcon’s service enables Chinese tourists to find merchants that accept Alipay and WeChat Pay. …
Read More »FBI Issues ATM Warning and other Digital Transactions News briefs
The FBI privately warned banks on Friday that cybercriminals are preparing a big “ATM cashout” operation, a choreographed global scheme in which fraudsters hack a bank or payment processor, plant malware that attempts to disable banks’ ATM withdrawal limits and related transaction controls, and use cloned payment cards to withdraw potentially …
Read More »i3 Verticals Reports $84.5 Million in Revenue and other Digital Transactions News briefs from 8/10/18
Payments provider i3 Verticals Inc. reported revenue of $84.5 million in its fiscal third quarter ended June 30, a 27.5% increase from $66.3 million a year ago. It had a loss of $655,000, compared with net income of $887,000 last year. This marks the first earnings results for the company …
Read More »57% of In-Store Transactions Are Chip-on-Chip and other Digital Transactions News briefs from 8/9/18
Citing data from the global payment card networks, the U.S. Payments Forum reported in its latest update on the conversion from magnetic-stripe to EMV chip card payments that approximately 57% of in-store card transactions are now “chip-on-chip,” meaning an EMV point-of-sale terminal read an EMV card. Also, acceptance of contact …
Read More »GM Enables More In-Car Payments Options and other Digital Transactions News briefs from 8/8/18
Flow, a cross-border e-commerce platform, has added a cryptocurrency option through an arrangement with BitPay, a cryptocurrency exchange. Through a so-called marketplace update, General Motors Co. is enabling in-dash fuel payments in select Buick models at Exxon Mobil stations. The capability is expected to come to other GM makes, 2017 …
Read More »Worldnet TPS Adopts Quickchip Tech and other Digital Transactions News briefs from 8/7/18
Payments-systems provider Worldnet TPS Ltd. said it has integrated Quickchip technology into its GoChip line of point-of-sale products to enable one-second EMV chip card transactions. Payments provider Shift4 Payments Inc. launched a management solution called Lighthouse Business Management System for clients using Shift4’s point-of-sale and payment-processing products. The new service …
Read More »Worldpay Extends POS Software Agreement and other Digital Transactions News briefs from 8/6/18
NRT Technology Corp. and Sightline Payments LLC, which are expected to merge and become NRT Sightline, announced its Connect+ payment gateway is being used by Hard Rock International for its recently launched online casino in New Jersey. Payments processor Worldpay Inc. extended for four years an agreement with CRS Texas, …
Read More »Chase Activates Cardless ATM Access and other Digital Transactions News briefs from 8/3/18
Chase, a unit of JPMorgan Chase & Co., enabled cardless ATM access at nearly all of its 16,000 ATMs nationwide when consumers use Apple Pay, Google Pay, or Samsung Pay loaded with a Chase debit or Liquid card. In related news, Chase said Los Angeles-area consumers can use Chase Pay …
Read More »NuData’s New E-Commerce Service and other Digital Transactions News briefs from 8/2/18
USA Technologies Inc. said Pepsi Bottling Ventures (PBV) has signed a multiyear contract for USAT’s ePort Connect contactless-payment technology covering 13,000 vending machines. PBV is said to be the largest privately held bottler for Pepsi products in North America. NuData Security, a unit of Mastercard Inc., released a service to …
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