Competitive Strategies

• Payment security technology provider MagTek Inc. and Payment Alliance International (PAI), an ATM independent sales organization and processor, said PAI now supports MagTek’s QwickCodes system for cardless transactions and will deploy it across its nationwide network of more than 74,000 ATMs. • Entertainment operator Live Nation Entertainment Inc. said mobile-ticket …

By John Stewart @DTPaymentNews The U.S. election is just 24 hours away, but if it were up to the readers of Digital Transactions News, Donald Trump would be the next President of the United States. He’d be bound for the Oval Office, however, with a very weak mandate. Republican candidate …

By Jim Daly@DTPayment News First Data Corp. said attrition in its small and mid-size North American merchant portfolio eased off in the third quarter, but chief executive Frank Bisignano cautioned that getting attrition down to acceptable levels will take more time. “Q3 saw a meaningful reduction in the annualized attrition …

• In yet another event related to payment card data security at hotels, Sentinel Hotel announced it is investigating an incident involving cards used at its front desks after receiving reports from some of its guests of unauthorized charges. • While 22% of consumers overall prefer to receive coupons through …

• A Colorado State University management professor and a Ph.D. student in finance at the University of Utah co-wrote a blog post saying that the “legal incoherence” in federal policy regarding financial services for legal marijuana businesses is hurting an otherwise fast-growing industry that in Colorado alone generated nearly $1 …

By Kevin Woodward@DTPaymentNews Add Wal-Mart Stores Inc. to the list of merchants that will accept Chase Pay transactions. JPMorgan Chase & Co., backer of the nascent Chase Pay mobile wallet, says the massive retailer will begin accepting the bank’s payment service in more than 5,000 Walmart and Sam’s Club stores, …

• Lengthy negotiations for some large contract renewals caused payments software and processing provider ACI Worldwide Inc. to reduce its 2016 financial guidance; the company posted third-quarter revenues of $217 million, down 9% from a year earlier, and a loss of $9.83 million compared with net income of $14.8 million …

By John Stewart @DTPaymentNews Shopify Inc. reported on Wednesday that it is starting to see positive response from its very recent moves to adopt Messenger for their users. Besides the Apple Pay and Messenger initiatives, Shopify also launched a new app in September that the company says allows merchants to …

• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …

Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch last month of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …