Digital Transactions Authoritative, insightful and timely information for payments professionals
USA Technologies Inc., a provider of contactless-payment devices for vending machines, announced an expanded agreement with JPMorgan Chase & Co. to market cashless-payment capability in self-serve markets. Fast-casual restaurant chain Panera Bread Co. gets more than a quarter of its orders through digital order-ahead transactions, and that excludes digital orders that are paid …
July, 2017
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6 July
Backed by NACHA, a New Payments Group Works Toward Standardized APIs
There’s nothing new about application programming interfaces. The code has been around for years, streamlining payments flows between otherwise unrelated apps. Recently, APIs have made possible the seamless integrations that mobile-payments users now take for granted. But now a group of payments executives are starting to worry that proprietary API …
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6 July
Publicly Held Payments Companies Rewarded Investors in 2017’s First Half
The stock market has had a pretty good run so far this year, but shares of publicly traded payments firms are doing even better than the overall market. A group of thirty payment-related stocks tracked by Chicago-based Barrington Research Associates Inc. posted a mean return of 23.86% for the first …
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6 July
Upserve Notes Investment by Vista and other Digital Transactions News briefs
Merchant cash-advance provider CAN Capital Inc. said it has returned to funding following a recapitalization by Varadero Capital, an alternative asset manager. CAN Capital said it will immediately begin funding small merchants eligible for renewal. It will work with a select set of sales partners for new merchant advances. Its products include term …
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5 July
Aiming for Global Scale, Vantiv Agrees to Buy Worldpay for $9.9 Billion
In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two …
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5 July
Mobile-Wallet Payments Topped 1 Billion by End of 2015, Latest Fed Data Show
Mobile-wallet transactions in the United States grew 333% from 2012 through 2015, albeit on a relatively small base, according to data released Friday by the Federal Reserve. Wallets generated 1.3 billion payments in 2015, the Fed data show, versus 300 million transactions three years earlier. That robust rate of growth …
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5 July
With Transaction Time Critical, a Strawhecker Platform Monitors Gateway Performance
What’s the measure of a well-performing payment gateway? Time. Or, rather a lack of time. Gateways, which route online transactions to one of multiple payment processors, are judged on their speediness and reliability. That’s why The Strawhecker Group, an Omaha, Neb.-based payments consultancy, started its Gateway Enterprise Metrics platform. The …
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5 July
Evertec Completes EFT Group Acquisition and other Digital Transactions News briefs
Puerto Rico-based payment processor Evertec Inc. completed its $38.5 million acquisition of Chile-based EFT Group S.A., which uses the PayGroup brand. PayGroup provides payment processing and software services to financial institutions throughout Latin America. Alipay, a mobile wallet used primarily in China and abroad by Chinese travelers, said Chinese food supplier Han Feng Inc., …
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3 July
As July 4 Looms, Fireworks Stores Get Set for Hordes of Customers Armed With EMV Cards
As Independence Day nears with all its festivities, fireworks stores are preparing for their largest selling season of the year with EMV chip card acceptance. It evoked a sigh of relief from Bill Weimer, vice president and general counsel of Phantom Fireworks, when the company’s point-of-sale system achieved EMV compliance. …
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3 July
POS Portal Acquisition Will Add Payments Components to ScanSource’s Offerings
The pending $145 million acquisition of point-of-sale terminal and equipment distributor POS Portal by ScanSource Inc. will bring together two companies that provide merchants with the equipment they need at checkout counters and back offices, but which have little overlap in their customer bases and distribution channels. Founded in 2000, …
