As Independence Day nears with all its festivities, fireworks stores are preparing for their largest selling season of the year with EMV chip card acceptance. It evoked a sigh of relief from Bill Weimer, vice president and general counsel of Phantom Fireworks, when the company’s point-of-sale system achieved EMV compliance. …
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The pending $145 million acquisition of point-of-sale terminal and equipment distributor POS Portal by ScanSource Inc. will bring together two companies that provide merchants with the equipment they need at checkout counters and back offices, but which have little overlap in their customer bases and distribution channels. Founded in 2000, …
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Payments provider Harbortouch Payments LLC said its point-of-sale systems will be featured on new episodes of Spike TV’s “Bar Rescue” program in an exclusive deal with the show. Canada’s Interac debit network announced Sunday that its e-Transfer person-to-person payment service was back online after sustaining an “internal technical issue” that first appeared intermittently Thursday …
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Apple Inc.’s “Lose your wallet” Apple Pay promotion apparently paid off handsomely for Square Inc. The promotion, which ran June 23-25, saw 36 local merchants in two San Francisco neighborhoods offer discounts or free items with a purchase when consumers paid for the purchase with Apple Pay, the brand’s mobile-payment …
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Ripple Labs announced the rollout of a real-time remittance service between Thailand and Japan, based on Ripple’s blockchain. The rollout follows what was said to be the first blockchain-based commercial money transfer across borders, which occurred in April between Spain and Mexico and involved Ripple’s technology. CryptoCoin Creations released its CryptoCoinTracker 2.1, an …
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Canadian merchants now have a self-service tool to accept digital cash in stores via the MintChip Retail Payment Platform announced Wednesday by nanoPay Corp. NanoPay purchased MintChip, a digital currency developed by the Royal Canadian Mint, in 2016. “Since acquiring MintChip from the Royal Canadian Mint, we have focused on enhancing …
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Point-of-sale technology vendor ScanSource Inc. has agreed to acquire POS Portal, a supplier of payment devices and services, for $144.9 million in cash plus an earn-out payment up to $13.2 million contingent on earnings before interest, taxes, depreciation, and amortization for the 12 months leading up to Nov. 30. The deal is expected …
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Checks currently account for almost half of business-to-business payments, but their share will decline to 34% by 2020 as automated clearing house payments surge from 32% of B2B payments today to 45% in three years. Those are some of the key results from a first-quarter survey by the Credit Research Foundation, …
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The two biggest cryptocurrencies are experiencing growing pains that could change their character and decide their fundamental purpose in the years to come. Bitcoin, the largest digital currency at a market capitalization of $42.6 billion as of Wednesday mid-morning, remains a volatile investment at the same time its users contend …
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Independent sales organization Bluefin Payment Systems said the U.S. Patent and Trademark Office issued the company two patents for data decryption; both patents encompass Bluefin’s Decryptx platform and online P2PE Manager System. Terminal maker Ingenico Group announced it has increased by 200% over the past year its integrations with integrated software vendors, acquirers, electronic …
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