News

January, 2021

• 11 January

  Mastercard And Partners Will Test Common Android Phones And Tablets As Contactless POS Devices

  

  Mastercard Inc. will test contactless payment acceptance using common Android smart phones and tablets in the United States. The technology, relying on software developed by Mastercard Labs, enables these off-the-shelf devices to accept contactless payments with no special hardware.  Announced Monday, the service, called Tap on Phone, intends to capitalize …
• 11 January

  How Its Deal for Kount Lets Equifax Reinforce Its Capabilities Against Online Fraud

  

  With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …
• 11 January

  NCR Makes Its Cardtronics Bid and other Digital Transactions News briefs from 1/11/21

  

  NCR Corp. confirmed it is the party that has made a $39-per-share cash offer to acquire international ATM network operator Cardtronics plc. The last-minute bid trumps a previous, $35-per-share offer from investment firms Hudson Executive Capital and Apollo Global Management.Citizens Financial Group Inc. said it has expanded the reach of its point-of-sale …
• 10 January

  MiCamp Solutions Pioneers Game-Changing Payment Solutions Products

  One of the fastest-growing and cutting-edge financial technology companies in the United States, MiCamp Solutions recently introduced its newest offering, which includes the game-changing Mi-Payment Choice and a unique gateway. Founded in 2007, and recently named to the Inc. 5000 for the third year in a row (#1,328), MiCamp Solutions …
• 8 January

  A New, Unnamed Player Makes a Richer Bid for Cardtronics

  

  Nearly three weeks after reaching a definitive agreement with Hudson Executive Capital and Apollo Global Management to be acquired for $35 per share, ATM network operator Cardtronics plc has received an unsolicited offer from an unnamed buyer for $39 per share. The offer was disclosed by Cardtronics in a proxy …
• 8 January

  Bitcoin’s Notorious Volatility Clouds Optimism As the Digital Currency Zooms Past $40,000

  

  One week into the new year, Bitcoin’s dizzying rise is prompting questions about what’s fueling it and how long it can go on before yet another crash. One factor, as it turns out, could be greater clarity concerning Bitcoin’s potential to enter the mainstream of retail payments after a dozen …
• 8 January

  SoFi Makes a Move to Go Public and other Digital Transactions News briefs from 1/8/21

  

  Social Finance Inc. said it will use the special purpose acquisition tool to become a publicly traded company. Known as SoFi, the company will merge with Social Capital Hedosophia Holdings Corp. V, a SPAC, to enter the public market. SoFi’s equity value is pegged at $8.65 billion in the deal. SoFi, which …
• 7 January

  Shift4 Adds to Its In-Venue Gambling Business Via an Expansion Into Online Sports Betting

  

  Processor Shift4 Payments Inc. on Thursday expanded its presence in the gambling industry to include online gambling and fantasy leagues through a partnership with Sightline Payments, a provider of cashless gaming and betting solutions. The partnership complements Shift4’s existing relationships with Las Vegas casinos and other betting venues around the …
• 7 January

  Covid—And a New Partnership—Help Push ParkMobile Into the Garage

  

  The pandemic has in a few months’ time brought changes to the payments business that otherwise might have taken years—even in mundane environments like parking. One big development emerged Thursday with the announcement that TIBA Parking Systems, which manages access to more than 1.9 million parking spaces in the United …
• 7 January

  NCR Acquires Freshop and other Digital Transactions News briefs from 1/7/21

  

  NCR Corp. said it acquired Freshop, a grocery e-commerce services provider. Terms were not disclosed. NCR estimates that buy online, pick up in store shopping will increase 25% per year through 2025.Payment Alliance International said it acquired the ATM portfolio of B & B Music & Video, consisting of 580 company-owned and …