Digital Transactions Authoritative, insightful and timely information for payments professionals
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
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Read More »The DoJ Anoints Gores As the Designated Buyer of Hypercom’s U.S. Assets
The U.S. Department of Justice announced Thursday that it had reached a settlement with point-of-sale terminal makers VeriFone Holdings Inc. and Hypercom Corp. that calls for the sale of Hypercom’s U.S. assets to a unit of private-equity firm Gores Group LLC. The settlement removed an obstacle that held up VeriFone’s …
Read More »DoJ Indicates Settlement Near in Antitrust Challenge to VeriFone-Hypercom Merger
The U.S. Department of Justice indicated Monday that a settlement of its antitrust challenge to the planned acquisition by VeriFone Systems Inc., the leading U.S. point-of-sale terminal maker, of rival Hypercom Corp. could be reached by Aug. 30. A DoJ court filing, however, does not give details about any …
Read More »Mobile-Payment Apps Store And Leak Critical Data, Security Expert Says
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Read More »Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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Read More »PayPal Will Process POS Payments for up to 20 Merchants in 2012, eBay Chief Says
PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …
Read More »Hypercom Pulls Plug on SmartPayments Software Amid Security Flaws
Security weaknesses have caused Hypercom Corp. to pull the plug on a software system that enables gateways and merchants using personal computers as virtual terminals to connect to payment-processing services. Scottsdale, Ariz.-based Hypercom sent a notice on July 15 to users of its SmartPayments Savannah Server and related products that …
Read More »NCR Jockeys for POS Position with $1.2 Billion Deal for Radiant Systems
NCR Corp. bolstered its position at the point of sale this week by announcing a deal to buy Radiant Systems Inc. for $1.2 billion in cash. Alpharetta, Ga.-based Radiant Systems is a specialist in POS software and hardware for various merchant segments, especially the hospitality industry and specialty retailers. …
Read More »As Fed Debit Rule Sinks in, Merchant Class Action Grinds Toward Trial
Now that the Federal Reserve’s new debit card interchange regulations are finally out in the open, the profile of yet another payment card interchange and rules controversy is slowly rising. That’s the raft of merchant antitrust lawsuits pending in U.S. District Court in Brooklyn, N.Y., collectively known as “MDL 1720.” …
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