On average, U.S. consumers will spend $500 on holiday purchases this season, found the TD Bank Merry Money Holiday Spending Survey. Most consumers could overspend. In the past, 76% of respondents said they overspent their past holiday budgets by an average of $263. Rakuten Marketing said its sales in the …
Read More »iPayment Buys Leaders Merchant Services and other Digital Transactions News briefs from 11/22/17
Merchant processor iPayment Inc. has agreed to acquire Leaders Merchant Services, an independent sales organization that has worked with iPayment since 2004. Terms were not disclosed. Electronics maker SparkFun Electronics developed an app for Android devices that can detect the likely presence of a credit card skimmer commonly found on …
Read More »Consumers To Spend $427 This Shopping Weekend and other Digital Transactions News briefs from 11/21/17
Bluewater Grill Restaurants, with seven locations in Southern California and Phoenix, has deployed the Rail pay-at-table platform from TableSafe Inc. Black Friday, the day after Thanksgiving, will continue to attract consumers to stores. A study from Deloitte found that 70% of U.S. consumers plan to shop in a store that …
Read More »Buying With a Voice and other Digital Transactions News briefs from 11/20/17
Micro-investing site Acorns has integrated its service with PayPal Holdings Inc., allowing select PayPal account holders to access their Acorn accounts through PayPal. The service will be expanded to all U.S. PayPal account holders starting early in 2018. Voice-marketing firm Invoca released a report called “The Rise of Voice” that …
Read More »Garmin Pay Goes Live and other Digital Transactions News briefs from 11/17/17
Consumer electronics maker Garmin International Inc. said Garmin Pay, based on Fit Pay Inc. technology, is now available to users of Garmin’s vivoactive 3 smart watch. Garmin Pay was announced in August. Fit Pay is a subsidiary of NXT-ID Inc. Automated clearing house network governing body NACHA reported that same-day …
Read More »Grocery Distributor Adds POS Equipment and other Digital Transactions News briefs from 11/16/17
Point-of-sale services provider National Retail Solutions announced wholesale grocery distributor Pitco Foods is selling NRS POS terminals in its four warehouse stores. A court ordered PayPal Holdings Inc. to give the Canada Revenue Agency, the country’s national taxing authority, information about Canadians with PayPal business accounts who sent or received …
Read More »Cordray Leaving CFPB and other Digital Transactions News briefs from 11/15/17
Richard Cordray, director of the Consumer Financial Protection Bureau since 2011, is resigning, according to a report on TheHill.com, a political news site. The CFPB’s only director since it was created, Cordray expects to leave the agency by the end of the month, the site said. Fashion retailer Forever 21 Inc. said it …
Read More »ShopKeep’s Yext Integration and other Digital Transactions News briefs from 11/14/17
ShopKeep, a provider of tablet-based point-of-sale equipment and services, announced an integration with online-information management service Yext Inc. The integration will allow ShopKeep clients to check and modify information about their businesses across platforms like Google, Apple, Facebook, Bing, and Yahoo. Point-of-sale terminal maker Ingenico Group released the Moby/8500 mobile …
Read More »CardFree in Loyalty Deal and other Digital Transactions News briefs from 11/13/17
Mobile-wallet developer CardFree Inc. said it has paired with loyalty-solutions vendor Hatch Loyalty to target gas stations and convenience stores for order-ahead, stored-value, and loyalty services. Miami-based Bitcoin broker Bitstop expanded to California with the deployment of five Bitcoin ATMs in Los Angeles and four in Oakland; the company also …
Read More »Gift Card Recipients Spend More and other Digital Transactions News briefs from 11/10/17
Private-equity firm Thoma Bravo LLC announced it plans to acquire ABC Financial Services Inc., an independent sales organization and software company serving more than 6,700 health clubs in North America and Europe. Terms of the deal, which is expected to close by year’s end, were not disclosed. Morgan Stanley Wealth …
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