Digital Transactions Authoritative, insightful and timely information for payments professionals
Few payments technologies have gained headwinds from Covid fears as much as contactless parking, and now drivers have an option to locate, reserve, and pay for a space from their in-car touchscreen. Xevo Inc., a developer of connected-car technology, announced Thursday it is enabling the parking feature with Reef Technology, …
October, 2020
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1 October
Worldline/Ingenico Deal Moves Ahead and other Digital Transactions News briefs from 10/1/20
Ingenico Group S.A. said the European Commission approved Worldline S.A.’s $8.6 billion deal to acquire the point-of-sale terminal maker. Ingenico also said the French financial markets authority set Oct. 15 as the closing date for the tender offer for Ingenico securities. If successful, the acquisition could close Oct. 28, Worldline said.In related news, Ingenico …
September, 2020
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30 September
Square Promotes QR Codes for Eateries As the Contactless Technology Gains a U.S. Payments Footing
Square Inc.’s announcement Tuesday of its new QR code service for restaurants helps bring the contactless technology into the limelight, but it’s only the latest in a string of moves payments providers have made in recent months to position the barcode as a payments enabler. In Square’s scenario, eateries that …
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30 September
Blackhawk’s New Gift Card Issuing Service and other Digital Transactions News briefs from 9/30/20
Blackhawk Network launched its Issuance and Program Management Solution, a service that enables companies to outsource their gift card and digital gift programs through Blackhawk. The new service is enabled by the company’s recent acquisition of SVM, a provider of open- and closed-loop gift card technology.Payroc LLC said its affiliate invested $2.6 …
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29 September
Restaurants Turn to Technology to Keep Sales Tax on the Operations Menu
Paying sales tax is part of doing business for restaurants, but not all restaurants are adept at collecting it. With this in mind, Davo Technologies, a provider of an automated sales tax collection application, has integrated its app into Heartland Payment Systems Inc.’s POS platform for restaurants. The Davo app …
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29 September
After Months of Preparation, Amazon Launches Its Palm-Payment Technology
Amazon.com Inc.’s venture in letting consumers pay with the palm of their hand officially launched Tuesday at two Amazon Go stores. But the retailing giant’s latest payment technology could face an uncertain future even as stores struggle with how to introduce contactless methods in the face of the Covid-19 pandemic. …
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29 September
Nuvei Makes a Bet on Colorado and other Digital Transactions News briefs from 9/29/20
Nuvei Corp. said it received a sports betting vendor license in Colorado, enabling it to process payments there for regulated sports betting sites and apps.Mastercard Inc. and ACI Worldwide Inc. said they will collaborate to support real-time payments capabilities, initially for central banks, payments networks, financial institutions, and payments providers.To help businesses …
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28 September
Eye on IoT: More Wearables Gain Payment Functionality And Loop Insights Makes a Property Deal
Despite the slowdown in manufacturing as a result of the Covid-19 pandemic, shipments of wearable devices, which are often fitted for payments, are forecast to hit 396 million units in 2020, a 14.5% increase from 2019, says International Data Corp. During the first half of 2020, 38% of all wearable …
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28 September
Mobile Wallet Debit Card Use Grows and other Digital Transactions News briefs from 9/28/20
Consumers appear to like using their mobile wallets for payments, with PSCU, a credit union service organization, reporting a 70.3% increase in the use of debit cards for the week ending Sept. 20 over the week ending Sept. 22, 2019. Credit card use in wallets was up 50.4%.Some 76% of small-business owners will …
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25 September
Contactless Is Gaining Favor Fast Among Consumers And Merchants, AmEx Data Show
Consumer demand is so strong that 81% of merchants surveyed by American Express Co. intend to make contactless payments a permanent option at the point of sale. Some 70% of merchants say their customers have asked for contactless payments, J.J. Kieley, vice president of the AmEx Payments Consulting Group, tells Digital …