Wednesday , August 12, 2020

Peter Lucas

Eye On Dining POS: Shift4 Adds Uber Eats; SpotOn Transact Buys SeatNinja

With the Covid-19 pandemic accelerating restaurants’ transition to digital payment technology, processors Shift4 Payments Inc. and SpotOn Transact Inc. have beefed up their platforms through deals to add third-party applications.  Allentown, Pa.-based Shift4 has agreed to integrate San Francisco-based Uber Technologies Inc.’s Uber Eats delivery app to its point-of-sale platform. …

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With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMV

Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations and convenience stores. Sounds Payments argues its EMV in-pump card …

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Restaurant POS System Provider TouchBistro Acquires Loyalty Tech Developer TableUp

TouchBistro Inc., a software developer for iPad POS systems in restaurants, on Wednesday announced the acquisition of loyalty marketing application provider TableUp. Terms of the deal were not disclosed.  The acquisition was driven by restaurant requests for ways to market and offer customer incentives to return as restaurants begin reopening …

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Processor Paya Will Go Public Via a So-Called SPAC Merger

Payments provider Paya Inc. today announced a merger with special acquisition merger company (SPAC) FinTech Acquisition Corp III. The merger is being consummated as part of Atlanta.-Ga.based Paya’s plans to take the company public. Currently, the company is owned by private-equity firm GTCR LLC.  Because Fintech Acquisition is already a …

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How the Pandemic Has Underscored the Crucial Role of Software in Processor Growth Plans

With the Covid-19 pandemic forcing merchants to beef up or add an e-commerce channel to service customers disinclined to enter a physical store, processors that have partnered with or acquired independent software vendors (ISVs) specializing in the online sales channel are well-positioned for growth, according to The Strawhecker Group. Since …

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As Contactless Gains, Will QR Codes Win Over NFC Adherents?

With consumer and merchant preferences shifting towards contactless payment methods in the wake of the Covid-19 pandemic, payments activated by Quick Response codes are gaining more attention. That’s because they are a low-cost way for merchants without NFC (near-field communication)-based applications, such as Apple Pay and Google Pay, to add …

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Fraudsters’ Schemes to Get a Share of Covid-19 Stimulus Funds Draw a Warning From FinCEN

With trillions of dollars in federal stimulus money sloshing around in the economy to help consumers who have lost their jobs due to Covid-19, fraudsters are ratcheting up their efforts to get a piece of that pie. Two popular plans of attack are imposter scams, where criminals impersonate representatives of …

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How Criminals Are Pushing Fake Content Online to Test Stolen Cards

Online fraud has always been a big problem, but now with consumers purchasing more online in the face of the coronavirus pandemic, criminals are finding even greater opportunity for illicit gain.  One big area of concern is content fraud on digital marketplaces, which can be used to perpetrate payment fraud …

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A Report Shows Why Cardless ATMs Are Growing More Popular in the U.S.

The number of ATMs providing the option of cardless withdrawals rose 26% in 2019, says a new report from research firm RBR. Leading the charge in the adoption of cardless ATMs is the United States, where the number of these machines has more than tripled, according to the research.  Bank …

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The PCI Council Plans More Rule Flexibility As It Eyes a Major Revision of Its Flagship Standard

Recognizing there is no one-one-size-fits-all approach to data security, the PCI Security Standards Council continues to evolve its requirements toward a goal of greater flexibility for payments providers. The new approach comes as the Council contemplates a new version of its core security standard. Gathering in Vancouver, B.C., this week …

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