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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Discover Financial Services said it has enabled Samsung Pay on the latest Samsung Galaxy smart phones and wearables for its cards in the United States. Discover announced in 2015 that it would support Samsung Pay. Cross-border payments provider Veem, formerly known as Align Commerce, announced an integration with QuickBooks Online, used by small …
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Visa Inc. is investing in Klarna, a Sweden-based payment processor that offers retail credit options for merchants, the card brand announced Tuesday. The intent, Visa says, is to develop a “future strategic partnership,” which appears to focus on Europe, though Klarna also operates in North America. Visa says the deal …
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U.S.-based cross-border payments provider dLocal said it has added three major Chinese payment systems—WeChat Pay, AliPay, and UnionPay—to its platform. The three account for more than 70% of the Chinese market, according to dLocal. In related news, Flywire Corp., which recently expanded its cross-border payments business to include business-to business transfers, announced it has added …
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Seeking to leverage its brand while boosting its presence among Web merchants, merchant acquirer Square Inc. last week introduced Square Checkout, a Square-hosted system that enables consumers to pay online while providing merchants with access to the company’s technical and business services. Consumers usually don’t know, or care, which processor …
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As the nation’s automated clearing house network introduces faster payments, it’s also racking up steady increases in transaction volume. The system processed approximately 5.35 billion payments in the first quarter, notching nearly 7% growth over the first quarter of last year and rebounding smartly from a tepid 3.7% growth rate …
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Apple Pay users visiting restaurants that are part of Punchh Inc.’s restaurant-loyalty service will be able to earn and redeem points when using the mobile-payment service, Punchh announced Thursday. Smashburger, Quiznos, and MOD Pizza will offer the Apple Pay/Punchh service later this year, Mountain View, Calif.-based Punchhsays. Apple Pay users …
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