Total System Services Inc. (TSYS) late on Tuesday said it has now deployed “thousands” of its new Vital point-of-sale devices, which were launched in January. The product is “showing strong out-of-the-gate momentum,” said M. Troy Woods, TSYS’s chief executive, during a call with stock analysts to discuss the Columbus, Ga.-based …
Read More »KeyBank Issuing Contactless Cards and other Digital Transactions News briefs from 4/24/19
KeyBank said it has begun issuing contactless-enabled Mastercard credit and debit cards. Diebold Nixdorf Inc. said KeyBank will upgrade its network of 1,400 ATMs with Diebold’s DN Vynamic portfolio of software applications that includes ATM management and more options for customers, including selection of bill denominations. Payments provider CCBill LLC announced …
Read More »First Data in Joint Venture To Buy Ireland’s Payzone and other Digital Transactions News Briefs from 4/19/19
Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …
Read More »In a Return to Mobile Financial Services, T-Mobile Launches Its Money App Nationally
In a sign that at least some U.S. wireless carriers haven’t given up on their ambitions in mobile payments, T-Mobile US Inc. on Thursday launched its T-Mobile Money service nationwide. But the service, which began as a pilot in November, goes beyond payments offerings to include some traditional banking services …
Read More »AmEx Card Volume up 7% and other Digital Transactions News briefs from 4/18/19
American Express Co. reported first-quarter U.S. card-billed business of $195.5 billion, up 7% year-over-year. International volume slipped 1% to $100.2 billion, bringing AmEx’s total billed business to $295.7 billion, a 4% increase from $283.8 billion a year earlier. Discount revenue rose 5% to $6.2 billion. AmEx said its average worldwide …
Read More »Dunkin’ Adds Other Payment Forms To Its DD Perks Loyalty Program at 1,000 Locations
Coffee, doughnut, and breakfast sandwich aficionados can now pay with credit and debit cards and even cash and still earn points in Dunkin’ Brands Group Inc.’s DD Perks loyalty program at more than 1,000 test stores, Dunkin’ announced this week. DD Perks is one of the nation’s largest rewards programs, …
Read More »CardFlight Unveils SwipeSimple Terminal, Extending Its Software Into the Smart POS Market
CardFlight Inc. is adding point-of-sale terminals to its roster of SwipeSimple-compatible products with the launch Tuesday of SwipeSimple Terminal. This puts the SwipeSimple POS software on more devices in addition to tablets, personal computers, and mobile devices. More than 50,000 merchants currently use SwipeSimple, CardFlight says. SwipeSimple Terminal initially is …
Read More »Payroc’s Surcharge Program and other Digital Transactions News briefs from 4/16/19
Independent sales organization Payroc LLC launched RewardPay and CashRewards, programs aimed at offering merchants card-network-compliant services for surcharging and cash discounts at the point of sale. A report from Transaction Network Services Inc. shows 26% of survey respondents in the United States, the United Kingdom, and Australia who own a …
Read More »Gift Transactions on Zelle Prompt Chase to Roll Out Gift Cards for Mobile And Digital Users
A surge in gift transactions on the Zelle person-to-person payment network has led JPMorgan Chase & Co. to roll out a feature allowing its mobile users to send digital gift cards. The new service, announced Monday, is available now for both mobile and online customers and enables more than 60 …
Read More »Shopify Launches a Brand Campaign That Could Give It Some Consumer Awareness
Merchant-services platform provider Shopify Inc. on Monday launched its first North American brand campaign, a marketing effort aimed at entrepreneurs that could have the side effect of making Shopify one of those rare payment processors that has a modicum of brand recognition among consumers. The reason for that is that …
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