Roller, a developer of payments and management technology for attractions and events, launched Analytics, a platform incorporating technology from Google’s BigQuery offering to generate business insights. The average ransom payment to decrypt data locked up by cyberthieves is now $2 million, up five-fold from a year ago, according to data …
Read More »Paysafe Adds a Pay by Bank Option for Online Bettors
Payments platform Paysafe, already a competitive processing option for online gaming sites, added a pay-by-bank option enabling online bettors to fund deposits instantly in their accounts. It also can be used for cashing out winnings. The service, which Paysafe says carries no fees to bettors but offers a tiered pricing …
Read More »As EV Charging Stations Spread, New Payment Terminal Controllers Rise in Priority
Microchip Technology Inc. has launched a new line of touchscreen controllers aimed at making unattended payment terminals at electric-vehicle charging stations more secure. The new line of controllers, which are part of Microchip Technology’s maxTouch family of touchscreen controllers, encrypt data that flow into the terminal via the touch screen, …
Read More »PayStand Acquires TeamPay and other Digital Transactions News briefs from 4/26/24
Paystand Inc., a business-to-business payments fintech, announced it has acquired Teampay, a developer of spend-management software. Terms were not announced. Treez Inc. released an e-commerce application for cannabis retailers using its Treez point of sale technology. The new service lets stores create an online storefront and accept payments. Payments platform RevoluGroup Canada Inc. said …
Read More »Visa Joins the Amazon Partner Network As Fintechs Turn to the Cloud for Payments Acceptance
Visa Inc. said early Thursday it has joined a network of service providers maintained by Amazon.com Inc. The e-commerce giant’s AWS Partner Network will enable Visa to reach new clients for its payment services, particularly fintechs and independent software vendors (ISVs) accustomed to operating through cloud computing, Visa said. The …
Read More »QuickCharge And Just Walk Out Tech and other Digital Transactions News briefs from 4/25/24
Quickcharge, a division of Transact Campus Inc., completed an integration of Amazon.com Inc.’s Just Walk Technology at St. Joseph’s Hospital in Tampa that enables employees to use their badges to pay for food and beverages. Payments processor Elavon said it is expanding a partnership in Europe with commerce-technology platform FreedomPay to include …
Read More »Steady Consumer Spending Helps Buoy Visa As It Strikes Deals for Open Banking
Citing “relative stability” across key business metrics, such as cross-border volume, Visa Inc. late Tuesday reported March-quarter increases of 10% year-over-year in both net revenue ($8.8 billion) and net income ($4.7 billion). Driven by stable consumer spending, dollar volume grew 8%, while total cross-border dollar volume grew 16% and processed …
Read More »Square Broadens Offline Mode and other Digital Transactions News briefs from 4/24/24
Block Inc.’s Square point-of-sale unit announced offline-payments capability is now available on all Square devices in all geographies around the world. The move covers Square Stand and Square Reader for contactless and chip, in addition to Square Register and Square Terminal. Square Reader for magstripe, the original Square device, has been covered …
Read More »A Fast-Expanding Clover Provides a Hot Engine for Growth at Fiserv
Fiserv Inc. has been an acquisitive payments processor in recent years, but it’s a deal the company concluded nearly five years ago that is energizing growth at the company. Fiserv’s $22-billion acquisition of First Data Corp. in the summer of 2019 brought Clover, a set of point-of-sale technologies that today …
Read More »MPC’s New CCCA Ad and other Digital Transactions News briefs from 4/23/24
The Merchants Payments Coalition released a 30-second TV ad that says the Credit Card Competition Act, a measure that would stipulate merchants have credit card routing choices, would prohibit China’s credit card network UnionPay from processing U.S. credit card transactions. Currently, no regulation prohibits that the MPC says. The CCCA, if passed, would …
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