The ongoing consolidation of companies focused on point-of-sale systems for restaurants gave rise on Tuesday to an antitrust suit that seeks to reverse one of the most recent mergers among payment processors. Payment Logistics Ltd., a San Diego-based payments provider, alleges in its complaint that Shift4 Payments LLC is using …
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Prepaid card and payments specialist InComm announced it is adding 150 jobs and investing more than $20 million in the Atlanta and Columbus, Ga., areas. The moves follow its acquisition of the distribution rights to American Express Co.’s reloadable and gift card products, and the purchase of the AmEx Serve platform. …
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Contactless point-of-sale debit and credit card transactions are barely a blip on the U.S. payments screen, but on London’s vast public-transportation system, payments from contactless cards or smart phones now account for half of all pay-as-you-go fares on subways and rail lines, system operator Transport for London reported Tuesday. Contactless …
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Bitcoin is far from a mainstream payment method, but most merchants that accept the cryptocurrency are online sellers. On Monday, the Atlanta-based processor BitPay Inc. announced an update intended to bring Bitcoin and its recently hatched cousin, Bitcoin Cash, to more brick-and-mortar merchants. BitPay introduced its Checkout app, which works …
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Boston-based OneView Commerce announced that Australia Post signed a multiyear software-as-a-service agreement to use OneView’s Cloud POS service. Payments provider Merchant e-Solutions released an updated version of its payment-acceptance extension for the Magento e-commerce platform. Payouts company Transpay said outbound payments from the United States to other nations increased 93% …
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Driven by growth in the United States, Europe, and Russia, global remittances grew 7% in 2017 to $613 billion from $573 billion in 2016, the World Bank reported Monday. At the same time, the average cost of remittances fell, though expenses remain more than twice as high as the World …
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Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …
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The global payment networks announced last week their support for the EMVCo Secure Remote Commerce Framework (SRC) and mentioned proprietary programs being introduced predicated on this framework with the promise to deliver security, standardization, simplification, fraud reduction, and increased conversion for digital commerce. The promise sounds like a keeper. Yet …
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Ready, a company specializing in self-pay software for restaurants, has teamed with Squirrel POS, a supplier of point-of-sale software to the same industry, to allow customers to view, split, and pay their tab on their mobile phones. Automatic Laundry, which provides laundry-management services for multitenant buildings, announced the LaundryConnect Pay …
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RealPage Inc., a vendor of software and data analytics to the real-estate business, has agreed to buy ClickPay, a payments processor for rent and other housing receivables, for $218.5 million in cash and stock. The deal is expected to close within the next six months. Infinicept, a company that offers services to …
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