As businesses in the Houston area attempt to recover following the devastation of Hurricane Harvey in late August, the payments industry is offering assistance. First Data Corp. is offering thousands of its Clover Go mobile credit and debit card readers free to business owners affected by the hurricane. The offer includes …
Read More »Merchant PCI Compliance Improves, But the Process Is Still Vexing, Verizon Report Says
The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …
Read More »Mobile Remote Capture Provider Digiliti Rejects Urban FT’s $10.5 Million Bid
Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks, has rejected Urban FT Inc.’s offer to save the company from potential bankruptcy, Urban FT announced Tuesday. Earlier in August, Digiliti said was considering “strategic options” that included a sale of the company or a Chapter …
Read More »Fitbit’s Newest Fitness Tracker Shows How the Card Brands Are Pushing Contactless
Consumers have a new option when choosing a fitness device that’s capable of making a contactless payment. Fitbit Inc., a San Francisco-based maker of fitness trackers, announced its Ionic smart watch Monday that includes Fitbit Pay, the company’s first foray into contactless payments. Fitbit Pay, which will be available when …
Read More »In a Strategic Shift, Square Opens New York Store to Better Connect With Merchants
Square Inc. opened a store in New York City on Thursday to showcase its products and highlight products from some of its merchants, marking the digital-payments company’s first effort at running its own brick-and-mortar shop. Dubbed the Square Showroom, the lower Manhattan location has displays of various Square point-of-sale products …
Read More »Bridg Reaps $11 Million Investment from Visa and Private-Equity Firms
Bridg Inc., a marketing software company for the restaurant industry, said Thursday that it lined up $11 million in series B funding from Visa Inc. and private-equity firms Morpheus Ventures, NextEquity Partners, and March Capital. Specific investment amounts made by each company were not disclosed. Los Angeles-based Bridg uses artificial …
Read More »Despite Obstacles, U.S. Contactless Payments Will Reach 34% in Five Years, Forecaster Says
It’s what some may consider a bold forecast for contactless payments in the United States, but Juniper Research is predicting that, by 2022, 34% of electronic payments will be contactless, up from less than 2% in 2017. United Kingdom-based Juniper released its forecast Monday in a report called “POS and …
Read More »Revel Adds Data Integration Service for Multiple Business Functions
Tablet-based point-of-sale provider Revel Systems announced Thursday it will offer data-integration services from Dsync to its merchants. Australia-based Dsync provides systems-integration services that enable businesses to view disparate types of data in a single Web-based site. For example, Dsync says it can connect systems used to manage inventory, payments, e-commerce sites, …
Read More »Payments Players Urge Further Delay of the CFPB’s Huge Prepaid Rule Until 2019
While the Consumer Financial Protection Bureau is working toward an April 1, 2018, effective date for its massive rule for prepaid accounts, prepaid card industry advocates are urging the agency to further delay the rule by another year. In a comment filed this week with the CFPB, which regulates all …
Read More »Outback Franchisee Adding More Ziosk Tabletop POS Locations
Ziosk, a tabletop point-of-sale system owned by Tabletop Media LLC, said Wednesday that more than 100 Outback Steakhouse restaurant locations in the Southwest will use its devices. Cerca Trova Restaurant Concepts, the franchisee for Outback restaurants in Arizona, California, Colorado, Nevada, and New Mexico, is expanding the number of locations …
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