Payments-technology provider eProcessing Network LLC introduced its Premier Verify SCN, an EMV-certified card reader that supports contactless payments, including Google Pay and Apple Pay. Aimed at small and mid-size merchants, the device is said to cut transaction times by 50%. Software provider Patientco launched two health-care payment applications for Epic …
Read More »COMMENTARY: From Channel to Consumer: Humanizing Payments (Part II)
(Editor’s Note: Part I of this two-part article appeared on Friday.) How can we in the payments business best mirror our services to fit the changing needs of a growing, global consumer base? One way is to focus on the consumer throughout the entire payment process. Almost 50% of consumers …
Read More »PayPal Launches Instant Transfer in Canada Using Visa Direct
PayPal Holdings Inc. added Instant Transfer capability for individuals and small businesses in Canada. The move relies on Visa Direct, a real-time push-payments service. Announced Tuesday, the service can move money from a PayPal account to a bank account via a Visa debit card. All transfers are subject to a …
Read More »Datacap Picks up a Gateway and other Digital Transactions News briefs from 7/2/19
Point-of-sale middleware vendor Datacap Systems Inc. announced it has acquired the NETePay Hosted payment gateway from Octopi (formerly Monetary.co). Terms were not released. NCR Corp. acquired privately held D3 Technology Inc., a provider of online and mobile-banking applications for large financial institutions. Terms of the deal were not disclosed. A …
Read More »Cumberland Farms Adds a Payment Card Option to Its Mobile App
Convenience-store operator Cumberland Farms released a new mobile-payment app with two payment options. In addition to linking to a checking account to pay for fuel at the pump, the SmartPay function within the app also enables consumers to link to a Netspend prepaid account or use a credit or debit …
Read More »Fiserv Offers Billers a Service That Lets Consumers Pay Bills From a Mobile Wallet
Fiserv Inc. on Monday announced a feature that lets consumers upload bills to a mobile wallet via a quick-response code, pay the bill, and have the bill automatically update with each new cycle. The move comes as billers seek ways to leverage rising mobile usage to digitize bills and hike …
Read More »Punchh Launches Customer Data Tool and other Digital Transactions News briefs from 6/28/19
Digital-marketing specialist Punchh launched a product that uses machine learning to allow physical retailers to calculate the lifetime purchases of individual customers and craft marketing plans accordingly. Standards body EMVCo said it will have an educational session about the new Secure Remote Commerce specification for online payments at a U.S. …
Read More »With Its New Installment-Payment APIs, Visa Enters a Crowded But Enticing Market
Visa Inc. said on Thursday it is getting into the point-of-sale installment-payment business weeks after rival Mastercard Inc. announced it bought Austin, Texas-based POS credit fintech Vyze Inc. The move also comes as volumes are growing for the product, driven in part by offerings from non-banks like Affirm Inc. and …
Read More »Point-of-Sale Credit Resonates Best With Regular Debit Card Holders, Research Finds
Installment lending at the point of sale has drawn both startups and established companies, including banks, in recent years, but who among consumers finds that offer most attractive? The answer, according to New York City-based Auriemma Research, is consumers who pay with debit cards exclusively or say they prefer to. …
Read More »Sezzle Enters Canada and other Digital Transactions News briefs from 6/24/19
Point-of-sale installment-loan provider Sezzle Inc. said its service is now available at “thousands” of online stores in Canada. SSI Group, a provider of payments-related software for the health-care industry, announced a capability that relies on machine learning to predict when providers will receive payments from payers. In related news, U.S. …
Read More »