Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …
Read More »Eye on Crypto: Jeweler Adds Crypto Acceptance; Many Consumers Want Investment Option
Marks Jewelers is the latest merchant to begin accepting digital currencies, including Bitcoin and Litecoin. Announced Tuesday by e-commerce platform Shopping Cart Elite, which is supplying the enabling acceptance technology, the move means the Montgomeryville, Pa.-based jeweler also accepts Bitcoin Diamond, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, and Zcoin for …
Read More »BitPay Adds Cryptocurrency Settlement Options and other Digital Transactions News briefs from 10/15/18
American Express Co. said it is using the Ethoca Eliminator service from chargeback-mitigation specialist Ethoca, which can help prevent disputes for U.S. merchants by providing more detailed transaction information in real time to AmEx card users when they spot an unrecognized charge. Blockchain-payments provider BitPay said merchants now can receive their …
Read More »USA Technologies Could Be Delisted and other Digital Transactions News briefs from 10/9/18
Merchant processor Elavon rolled out its self-test platform for providers of payment hardware and software developers to streamline needed certification processes from the card networks and for EMV chip card acceptance; Elavon says the platform can reduce previous four-week certification times to 24 to 48 hours and eliminate the need …
Read More »Carr Co-Defendant Settles With SEC and other Digital Transactions News briefs from 10/5/18
Priority Payment Systems LLC said it is making an online installment-payment service from Sezzle available to its merchants. Sezzle pays the merchant in full, upfront, and assumes all repayment risk. A little more than one week into its managed-payments program, eBay Inc. reported it is working on adding PayPal as …
Read More »SpotOn Buys EmaginePOS and other Digital Transactions News briefs from 10/3/18
Payments and software provider SpotOn Transact LLC acquired EmaginePOS, a vendor of point-of-sale software for restaurants and bars. Terms were not announced. Business-services provider CSG Systems International Inc. bought Forte Payment Systems Inc., an independent sales organization, for an undisclosed amount. Credit and debit card information of more than 28,000 …
Read More »Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18
Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
Read More »PayRange Debuts PayRange Air and other Digital Transactions News briefs from 9/10/18
Merchant processor Paysafe launched Paysafe Accelerated Funding, which allows merchants to receive settlement of funds on the same day or next day. The service relies on arrangements the company has made with Ingo Money, a push-payments provider, and Company.com, a business-software aggregator. Vending-payments specialist PayRange Inc. launched PayRange Air, a …
Read More »Bitcoin Has Calmed Down—And Fees Have Gotten Cheaper—But Will Merchants Bite?
For all the gyrations Bitcoin and its enthusiasts have experienced over the past 12 months, the digital currency has managed to trace a relatively calm track lately. It remains, however, an acquired taste for users, and while some independent sales organizations have begun efforts in recent weeks to sell it …
Read More »Allied Wallet Releases Gateway API Tools and other Digital Transactions News briefs from 9/4/18
Yardi, a payment service for property managers, introduced a feature in its Yardi Bill Pay service that lets managers make payments using single-use Mastercard virtual card numbers issued by Fifth Third Bank. Allied Wallet released what it said are new open application programming interface tools for its payment gateway, NextGen. …
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