Point-of-sale terminal maker Ingenico Group is among many payments companies making announcements Monday at the National Retail Federation’s annual Big Show in New York City. France-based Ingenico says its ePayments division and its research arm Ingenico Labs now offer payment-enabled messaging bots for e-commerce merchants. Bots are an artificial intelligence …
Read More »POS Payment Options Proliferate at Annual Retailer Conference
The announcements about new point-of-sale and mobile-payment systems and related services came fast and furious Monday at the National Retail Federation’s annual Big Show underway in New York City. • Samsung Electronics America, Inc. and independent sales organization Total Merchant Services Inc. announced the availability of TMS’s Groovv POS Flex, …
Read More »First Data Launches Integrated Solutions Group in a Bid To Open Its Platform to Developers
First Data Corp.’s newest division, the Integrated Solutions Group, is designed to entice software developers to create tools that hook into the giant processor’s payments platform. Announced Friday, the division is meant to foster ties between the Atlanta-based processor and independent software vendors, value-added resellers, software developers, and systems integrators. …
Read More »Chase’s Merchant-Processing Volume Passed the $1 Trillion Mark in 2016
By Jim Daly @DTPaymentNews JPMorgan Chase & Co.’s merchant-processing subsidiary surpassed $1 trillion in payment volume last year, the New York City-based banking giant reported Friday. Chase Commerce Solutions, the No. 2 U.S. merchant acquirer after First Data Corp. and the biggest acquirer owned by a banking firm, posted merchant-processing …
Read More »BofA Card Volume Increases 4% and other Digital Transactions News briefs
• Bank of America Corp. reported combined credit and debit card purchase volume of $134.3 billion in the fourth quarter, up 4% from $129.5 billion a year earlier and up 6% when adjusted for earlier divestitures. • Wells Fargo & Co. reported debit card purchase volume of $78.4 billion in the fourth …
Read More »Mobile-Payments Tech Provider iZettle Raises $63 Million and Appoints New CFO
By Jim Daly @DTPaymentNews Stockholm-based mobile-payments technology provider iZettle AB, which operates in Europe and Latin America, reported Wednesday that it raised €60 million ($63 million) in a new funding round in which an affiliate of Chicago-based Victory Park Capital participated. The financing consists of equity from existing investors in …
Read More »Supreme Court Divided on Surcharge Case Merits and other Digital Transactions News briefs
• The U.S. Supreme Court seems divided over whether New York’s ban on credit card surcharges is a form of speech regulation as a group of merchants challenging the state’s anti-surcharge law assert, Reuters reported. The National Retail Federation said the case is about “being able to show the cost of using …
Read More »NovoPayments Launches Chatbot Capability and other Digital Transactions News briefs
• Independent sales organization Applied Merchant Systems announced it has increased its liquidity following an expansion of its credit line with Goldman Sachs Specialty Lending Group and Business Development Corporation of America. In conjunction, Blue Square Resolutions, also an ISO, became a shareholder in the company. • Miami-based NovoPayments, which processes payments throughout …
Read More »With Apple on Its Board, the ETA’s Leadership Increasingly Tilts Towards Tech
Founded in 1990 as the national trade group of independent sales organizations, the Electronic Transactions Association is taking on a decidedly technology-oriented hue as the payments industry rapidly evolves. The ETA announced last week that an Apple Inc. executive was elected to a two-year term on its board of directors, …
Read More »Global Payments Reports 2Q Results and other Digital Transactions News briefs
• The Second U.S. Circuit Court of Appeals rejected a U.S. Department of Justice request to reconsider a decision by a three-judge panel of the appellate court that, by reversing a lower-court ruling, allows American Express Co. to prevent its merchants from encouraging customers to use lower-cost forms of payment than …
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