Saturday , September 21, 2019

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

POS Payments Provider Revel Systems Debuts a Reseller Program

Cloud-based point-of-sale system provider Revel Systems Inc. launched the Revel Solution Partner program in an effort to get more merchants using its POS systems. Announced Thursday, the program sees qualified resellers managing the complete sales process for Revel Essentials, the San Francisco-based company’s POS system for small and mid-size businesses. …

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PAX Device Certified and other Digital Transactions News briefs from 7/23/19

PAX Technology Inc. said its S920 mobile point-of-sale device received certification from Verizon and AT&T.U.S. truck fleets are cutting their total fuel expenses by approximately 7% via loyalty programs offered on fuel cards, according to researcher SpendEdge. This benefit in turn is driving growth in the fuel card market, the research firm …

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Urban FT’s Deal for CFC Technology Is a Bid To Reach Smaller Banks

Urban FT Group Inc. announced the acquisition of CFC Technology Group LLC, a remote deposit capture provider, a move Urban FT says will boost its presence among smaller financial institutions. Terms were not disclosed. New York City-based Urban FT says CFC works with more than 800 institutions and thousands of …

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UPDATED: As LG Pay Makes Its (Belated) U.S. Debut, Observers Question Its Likely Impact

Add LG Pay to the multitude of U.S. mobile-payment options. LG Electronics USA announced Tuesday the mobile-payment service is available on select LG smart phones. The move comes a year later than LG initially said it would. LG Electronics Inc., the parent company of LG Electronics USA, introduced LG Pay …

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PayPal’s Xoom Adds 32 European Markets

PayPal Holdings Inc. says its Xoom remittance service now covers 32 markets in Europe, an expansion that boosts Xoom’s presence to more than 130 international markets. Xoom, which PayPal bought in 2015, had a major expansion in 2018 when it picked up 60 countries in a deal with Euronext Worldwide …

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Facing a Big Jump in U.S. CNP Fraud, Retailers Turn to Automated Tools

With merchants facing a projected 16.4% increase in U.S. card-not-present fraud by 2021, many are relying more and more on automated screening tools to cull bad transactions from the pile of good ones. That’s the assessment from Aite Group Inc. in its report, “The E-Commerce Conundrum: Balancing False Declines and …

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Two Months on, Uber Transit Ticketing Is Averaging a 42% Weekly Growth Rate

Denver’s use of Uber for transit ticketing appears to be gaining traction among commuters. More than 1,200 tickets have been sold through the app since its May 3 launch, Uber Technologies Inc. announced Tuesday. That pegs growth at an average of 42% per week in the launch period, the ride-share …

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Eye on Acquisitions: InComm Acquires Meridian Loyalty; Fleetcor’s Payroll Card Move

Prepaid payments provider InComm Inc. announced the acquisition of Meridian Loyalty, an incentives provider for large corporations. Separately, Fleetcor Technologies Inc. said it will acquire Sole Financial, a payroll card provider. Atlanta-based InComm said its acquisition of St. Louis-based Meridian will boost its incentive business for corporations. Among Meridian’s specialties …

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PayPal Launches Instant Transfer in Canada Using Visa Direct

PayPal Holdings Inc. added Instant Transfer capability for individuals and small businesses in Canada. The move relies on Visa Direct, a real-time push-payments service. Announced Tuesday, the service can move money from a PayPal account to a bank account via a Visa debit card. All transfers are subject to a …

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Cumberland Farms Adds a Payment Card Option to Its Mobile App

Convenience-store operator Cumberland Farms released a new mobile-payment app with two payment options. In addition to linking to a checking account to pay for fuel at the pump, the SmartPay function within the app also enables consumers to link to a Netspend prepaid account or use a credit or debit …

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