Thursday , April 25, 2024

Acquiring

Square Invests $25 Million in Eventbrite; Adds Apple Pay E-Commerce Integration

Merchant processor Square Inc. will provide payment services to Eventbrite Inc., which provides a platform for ticket sales, and will invest $25 million in the company, Square announced Thursday. Earlier, Square said it will make Apple Inc.’s Apple Pay service available to merchants using its Square Checkout online service. Square said …

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ATMIA Releases Operation Choke Point Resource and other Digital Transactions News briefs

Consumer-goods manufacturer Shinola has signed up to use the point-of-sale financing service from Affirm Inc. The ATM Industry Association released an Operation Choke Point resource kit for ATM operators. The association said ATM operators continue to receive account-closure notices despite the Department of Justice’s public statement to end the enforcement program. Merchant services provider SignaPay Ltd. released the PayLo …

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GasBuddy’s New Payment Service Discounts Gasoline Prices

Consumer affinity for the cheapest gas prices birthed smart-phone app GasBuddy, and now the app has sired a way for consumers to actually make the payment at fill up. Boston-based GasBuddy recently announced its Pay with GasBuddy service, which connects a consumer’s checking account with a GasBuddy-issued card. After enrolling …

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Credit Union Activates Zelle P2P Feature and other Digital Transactions News briefs

First Tech Federal Credit Union has activated the Zelle person-to-person payment service in its mobile-banking app, which has 110,000 users. Puerto Rico-based payment processor Evertec Inc. said it will donate $1 million for relief efforts and that it continues to process ATM and point-of-sale transactions on the island, which was devastated by Hurricane Maria. …

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A Mobile-Wallet Friendly SMB Mastercard and other Digital Transactions News briefs

Independent sales organization Merchant Consulting Group Inc. said its payments services are now available in the Tracker Management Systems dispatch software designed for the towing and wrecker industry. BMO Harris introduced Small Business Mastercard, which works with the Masterpass, Apple Pay, Android Pay, and Samsung Pay digital wallets. Now that Apple Inc.’s new …

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Fraud-Control Expenses and Chargebacks Consume More of Merchants’ Revenues

Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …

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BluePay To Offer Datacap Product and other Digital Transactions News briefs

Payments provider BluePay Processing LLC said it will offer TranCloud, an EMV-enabled payments application from Datacap Systems Inc., to merchants. ATM network operator Cardtronics plc said the Speedway convenience-store chain added ATMs at 1,500 stores in eight states to Cardtronics’ Allpoint Network, which means that all 2,550 ATMs in 20 states where Speedway operates …

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Only a Year After Admitting Credit Cards, Aldi Says It Will Accept Contactless Payments

The Aldi Inc. supermarket chain, which only last year began accepting credit cards, said in a press release on Thursday it now “accepts all forms of contactless payment,” including Apple Inc.’s Apple Pay and Alphabet Inc.’s Android Pay mobile wallets. The Batavia, Ill.-based company has already activated contactless payments chainwide, …

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Digital Transactions