Klarna Bank AB, a leading exemplar of the trend toward offering installment-plan payments online and at the point of sale, has received backing from Ant Financial Services Group in a deal that cements an existing alliance between the two companies and could add considerable propulsive force to Klarna’s relatively new …
Read More »
Bluefin Payment Systems LLC said several devices were added to its PCI-validated point-to-point encryption listing.Forte Payment Systems, a unit of CSG International Systems Inc., launched BillPay, a billing product that features security enhancements, the ability for users to pay online, via kiosk, or in person, and other enhancements.Installment-payment specialist Splitit Payments Ltd. said …
Read More »
With some of its payments cohorts already having warned the coronavirus would hurt their businesses, it was no surprise Visa Inc. joined the crowd Monday in forecasting reduced cardholder spending would translate into lower revenues. More signs of growing concern about the impact of the virus, officially named Covid-19, on …
Read More »
After a more than 10-year relationship with MerchantPro Express LLC, processor and banking-services provider Fiserv Inc. is bringing the Melville, N.Y.-based firm in house with an acquisition of the independent sales organization. Announced Tuesday, the deal sees the long-time partner—likely with First Data Corp., which Fiserv bought last year—acquired as a …
Read More »
Debit network Shazam Inc. said it will offer The Clearing House Payments Co. LLC’s Real Time Payments service to its member financial institutions.POS Supply Solutions said it acquired Paper-Net, a point-of-sale consumables supplier, earlier this year. Terms were not disclosed. Paper-Net will take on the POS Supply Solutions branding.Professional Data Solutions Inc. (PDI), …
Read More »
Kimberly Ford will step down as executive director of the U.S. Faster Payments Council effective May 6 after just 11 months on the job, according to sources. Ford’s resignation was confirmed by an email to members sent Friday and obtained by Digital Transactions News. Applications for the position are being …
Read More »
Donald W. Layden Jr. has been appointed chief executive of USA Technologies Inc., a specialist in unattended payments. Layden, who has been serving as interim CEO since October, will continue to serve on the company’s board but will step down as executive chairman. Among other moves at the board and executive …
Read More »
The combination of the French payments colossi Worldline S.A. and Ingenico Group S.A. spans multiple adjacent, but historically distinct, markets across the payments value chain. Issuer processing has been an oligopoly of ponderous, industrial-strength scale players such as Worldline, FIS, Fiserv/First Data, Total Systems, SIA/SSB, Nets, and Evry/Tieto. The traditional …
Read More »
Worldline S.A.’s $8.6 billion bid to buy Ingenico Group S.A. would create a Gallic champion to take on America’s processing titans—Fidelity National Information Services Inc. (FIS), Fiserv Inc., and Global Payments Inc.—all of which have significant European businesses, though none has made headway in the Continent’s second-largest payment market, France. …
Read More »
Payment gateway USAePay announced it now offers the Shopaccino eCommerce product and an integration with the USAePay gateway to merchants via its resellers.Craver Solutions Inc., which provides a branded mobile app to restaurants, said it is now integrated with the Clover point-of-sale platform from Fiserv Inc.Sphere, a service of payments-software provider TrustCommerce, said …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
