FCA USA LLC, the automaker behind Chrysler, Dodge, Jeep, and Ram vehicles, will offer the Uconnect Market as part of its in-dash infotainment systems beginning later this year, the Auburn Hills, Mich.-based company announced Monday. The new service, which will deploy in the second half of the year as an …
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PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …
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Celero Commerce announced two acquisitions, those of Elmhurst Financial Services and Tandem Innovative Payment Solutions. Following the deals—financial terms were not disclosed for either—Celero will have approximately 25,000 merchants and process approximately $10 billion in annual payment volume. Payment Alliance International said it acquired ISA-ECash, an ATM operator and developer …
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Circle Internet Financial Ltd. will cease supporting its 5-year-old Circle Pay mobile app beginning next month in order to concentrate on its blockchain and cryptocurrency ventures. Circle Pay is a no-fee peer-to-peer payments app that enables users to send money using the recipient’s phone number or email address. The service …
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The debut of cashless stores has led to pushback by several cities, the state of New Jersey, and a member of Congress concerned that card or mobile-payments-only options will leave cash-dependent consumers unable to shop in such stores. Now, new research from the Federal Reserve Bank of Atlanta concludes that …
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Los Angeles-area merchants that sell transit tickets on behalf of 25 transit agencies will adopt an Android-based app for ticket sales, Cubic Corp. announced Thursday. Cubic says its Cubic Transportation Systems division is upgrading the existing point-of-sale infrastructure more than 450 retailers use to accommodate the Cubic Mobile for Merchants …
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A survey of more than 3,000 consumers in the United States, United Kingdom, and Australia, sponsored by Transaction Network Services, shows the heaviest adoption of mobile-payment apps in the U.S., at 59% of respondents, but the highest adoption of contactless payments in the U.K., at 79%. Perhaps not surprisingly, younger …
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Private-equity firm Acuity Capital Partners LLC acquired specialty gift card manufacturer Sterling Card Solutions, according to Sterling’s financial advisor, the investment bank Capstone Headwaters. Terms of the deal were not disclosed. Besides gift cards, Sterling makes hotel key cards, identification cards, phone cards, and other products. Half the world’s population, …
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Publix Super Markets Inc. is adding a payments feature to its mobile app, first with a version for iOS devices and later for Android devices, according to The Ledger in Lakeland, Fla. Publix has 1,218 grocery stores in the Southeast, including 800 in Florida. Amazon.com and Synchrony Financial launched the …
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A standards body controlled by the major card networks released on Friday a long-awaited standard aimed at simplifying and securing consumer checkouts on the Web and in apps. By mid-morning, American Express Co., Discover Financial Services, and Mastercard Inc. had announced they intend to implement the spec later this year. …
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