Metra, the commuter-rail agency in the Chicago area, will cease selling tickets on its Web site in late June, partly to avoid payment card security expenses. Riders, however, will still have a mobile-ticketing option through the Chicago Transit Authority’s Ventra fare system. Metra, which operates 11 transit lines and carries …
Read More »
Bank processors over the past several years have worked to combine cardless technology with a continuing consumer demand for cash, a trend that took on momentum on Wednesday with an announcement from Fiserv Inc. that three ATM manufacturers are now supporting the company’s 3-year-old CardFree Cash service. ATM makers Genmega, …
Read More »
POS equipment maker Ingenico Group said KFC Corp., a unit of Yum! Brands Inc., migrated its U.S. payment system to Ingenico’s Telium semi-integrated POS service. Consumers now can make chip-and-sign, chip-and-PIN, magnetic-stripe, and contactless transactions at KFC locations. Online shopping-cart provider 3dcart said its upcoming version 8.1 will support Google …
Read More »
Wire-transfer provider MoneyGram International Inc. and Walmart Inc. announced a new international service Tuesday dubbed Walmart2World that the companies say enables recipients to get funds in as little as 10 minutes. The long-time partners also renewed for two years the contract under which Walmart offers MoneyGram’s various money-transfer and bill-pay …
Read More »
Lately, the cryptocurrency craze has raised any number of questions, but probably the most pressing one for the payments business is whether any of these hundreds of tokens can ever succeed as an actual payment device. But while fluctuating trading values plague all of the digital currencies, one stands out …
Read More »
Data from 5 million stolen credit and debit cards is coming up for sale, and a cybersecurity firm says the cards were used at retailers Saks Fifth Avenue, Lord & Taylor, and Saks’ off-price chain Saks Off Fifth. Many details about the breach remain unknown, including the extent to which …
Read More »
While mobile-payments growth has fallen short of expectations in the United States, worldwide mobile volume will grow at an average annual rate of 33.8% through 2023, reaching $4.57 trillion by that year, according to projections by Allied Market Research. Market drivers include consumer preference for digital and cashless payments, the firm …
Read More »
NXT-ID Inc., a provider of authentication and contactless-payment technology, reported on Monday that its revenue tripled last year compared to 2016 while its adjusted earnings before interest, depreciation, taxes, and amortization swung positive. The Melbourne, Fla.-based company is best-known in the payments market for its Fit Pay Inc. unit, which …
Read More »
Advent International, a private-equity firm with considerable experience in the payments space, announced Friday that it had acquired a majority stake in the big independent sales organization and payment processor Clearent LLC and merged it with FieldEdge, an independent software vendor serving home-services contractors. Advent had also bought FieldEdge. Financial …
Read More »
The Request Network, a decentralized payment network built on the Ethereum digital currency, says it is now live on the main network used by Ethereum. This development enables requesting and sending cryptocurrency payments for goods, services, or as peer-to-peer payments, Request Network says. These initial digital-currency payments are available only …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
