June 22, 2020
Acquiring, ATMs, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Maverick Payments launched its payment gateway, which supports 3-D Secure, account updaters, and interchange optimization.Digital-payments technology provider Checkout.com announced a $150 million Series B funding round, valuing the company at $5.5 billion. The round, led by technology fund Coatue, tripled the company’s value.ATM and point-of-sale hardware and software provider Diebold Nixdorf Inc. said it generated …
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June 18, 2020
Competitive Strategies, Credit Cards, Issuing/Originating, Marketing
Merchants that cobrand rewards cards to build business are often connected one way or another to the travel industry, but they may not have much to worry about even though the Covid-19 pandemic has kept consumers close to home. Twenty-three percent of these cardholders think they’re getting more value from …
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June 18, 2020
Acquiring, Automated Clearing House, Competitive Strategies, Debit Cards, Featured, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Wallets, Point-of-sale, Transaction Processing
ZipLine, the provider of private-label debit payment services for convenience stores like Cumberland Farms, has been acquired by Professional Datasolutions Inc., a c-store software developer and services company. Announced Thursday, the deal will enable Alpharetta, Ga.-based PDI to bundle ZipLine’s private-label debit and mobile-payment app with its Marketing Cloud Platform. …
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June 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
E-commerce spending in the United States surged 93% in May, compared to May 2019, according to Mastercard Inc.’s SpendingPulse data service.Installment-payment technology provider Splitit Payments Ltd. said it signed a multiyear deal with Mastercard Inc. to provide access to Splitit’s installment options through Mastercard’s merchant network. Split and Mastercard also plan to jointly …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Marketing, Point-of-sale
Store card provider Synchrony Financial on Wednesday launched a program that offers small businesses grants through community organizations and includes access to digital payment tools and consulting services. The initiative comes as many small businesses struggle with the economic disruption caused by the Covid-19 pandemic as well as closures and damage …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Mastercard Inc. announced Amazon.com Inc. will start using tokens to replace actual customer card data throughout 2020. Tokenization replaces actual card data with data strings that are meaningless to outside parties. The process also permits automatic credential updating when cards expire.Payments card standards body EMVCo made it official—consumer-facing online-payment checkout options based on …
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June 16, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale
In the wake of Covid-19, merchants continue to see more features added to cloud-based point-of-sale systems. In the latest updates, Lightspeed POS Inc. introduced on Tuesday new e-commerce services, including shipping, curbside pick-up, and appointment setting. And Revel Systems Inc. has refined its online ordering and order-pickup management. First up, …
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June 16, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Merchant processor Square Inc. said that as of June 10 its Square Capital service had facilitated more than $820 million in Paycheck Protection Program loans to 76,000 small businesses since April 29. PPP loans are part of the federal government’s stimulus program to combat the economic downturn caused by the Covid-19 pandemic.In …
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June 15, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Wallets, Transaction Processing
Paysafe Group said it has expanded its Knect loyalty program for its Skrill digital wallet to the U.S. market. The program offers points that can be redeemed for cash when users perform transactions using the digital wallet or a linked Skrill Visa prepaid card. Last week, Paysafe launched its Skrill Money Transfer service …
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June 12, 2020
Competitive Strategies, Credit Cards, Fraud & Security, Marketing, Mobile Wallets, Point-of-sale, Transaction Processing
Restaurants using Panasonic Corp. of North America’s kiosk systems will have a new option for their consumers to order and pay, while limiting their contact, with the integration of facial recognition and payment technology from PopID Inc. Announced Thursday, the integration with the Panasonic ClearConnect Kiosk app means Panasonic and …
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