Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …
Read More »Eye on Acquiring: Global Payments Ventures Into Fast Food; Shah Resigns As JetPay Chairman
Few businesses have been more targeted by the trend toward integrated payments than restaurants, and late on Thursday that trend unfolded further with Global Payments Inc.’s agreement to lay out $490 million in cash for Sicom Systems Inc., a Lansdale, Pa.-based developer of both front- and back-of-the-store management systems for …
Read More »Cash-Based Online Payment Service PayNearMe Adds Card And ACH Options
For nine years, PayNearMe has focused on enabling consumers without access to payment cards to make cash payments for online goods at point-of-sale terminals in what has grown to a network of some 27,000 merchant locations. On Thursday, the Sunnyvale, Calif.-based company said it now can process credit, debit, and …
Read More »Chase Adds Card Lock Feature and other Digital Transactions News briefs from 9/27/18
BNY Mellon has become the first bank client to sign a reseller agreement with Early Warning Services’ Zelle person-to-person payment network for tokenized disbursements to consumers. Zelle indicated earlier this year it would expand into disbursements as a potential field for fee-based payment services. Zelle also announced Dollar Bank now offers Zelle …
Read More »Square Adds Payroll Services and other Digital Transactions News briefs from 9/26/18
Payment gateway USAePay completed EMV certification for First Data Corp.’s Rapid Connect platform. USAePay said the certification enables merchants to accept EMV payments, particularly EMV PIN-debit transactions, via its mobile application. First Data Corp. launched a service for card issuers called FirstSense that combines threat intelligence with the company’s fraud-detection …
Read More »Visa Begins a U.S. Contactless Payments Push Again. This Time the POS Hardware Is in Place
It’s another go-around for contactless payments as Visa Inc. prepares an extensive campaign involving issuers, merchants, and consumers to push use of the payment method. The card brand on Tuesday debuted an infographic on contactless payments from across the globe, and touted the preparedness of the U.S. market for the …
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 »Bay Area Transit Board To Consider a Big Fare Contract, but Open-Loop Payments Aren’t Included
The San Francisco Bay Area’s Metropolitan Transportation Commission next week will consider a $461 million contract with Cubic Transportation Systems to modernize the Clipper fare-payment system used by 22 separate transit agencies in the region. The upgrade will retain the closed-loop Clipper card that uses near-field communication for contactless fare …
Read More »Amazon Could Have a Ready-Made Customer Base for a Bank, Bain Reports
With rumors circulating that Amazon.com Inc. is interested in getting into banking and also preparing to open thousands more cashier-less stores, new research results released by management-consulting firm Bain & Co. claim that a large pool of consumers would be willing to bank with the online retailing giant. “Our survey …
Read More »Heartland Adds APIs for Ingenico Device and other Digital Transactions News briefs from 9/17/18
Business-software provider Infor said it purchased Vivonet Inc., which provides point-of-sale software to the hospitality industry. Terms were not disclosed. Global Payments Inc. announced its Heartland acquiring and technology unit has developed application programming interfaces, end-to-end encryption support, and other software for Ingenico Group’s Desk/3500 terminal. PayPal Holdings Inc. announced …
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