Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews CareCredit, the health-care financing unit of the big private-label and cobranded credit card provider
Read More »Synchrony Financial’s Growing CareCredit Unit To Buy Citi’s Health Card Portfolio
In the Cascade of Retailer Mobile Apps, Store Cards, Brand Strength Will Matter
By John Stewart @DTPaymentNews Not all private-label charge and prepaid card programs are equally successful, and so neither will be the proprietary mobile wallets recently launched by merchants. Factors that are likely to lead to a successful app include the strength of the retailer’s brand, its commitment to either convenience …
Read More »Ingenico Readies Its POS App Marketplace for U.S. Merchants And Acquirers
By Kevin Woodward@DTPaymentNews Point-of-sale terminal maker Ingenico Group is bringing its POS app store based on its Telium Tetra operating system to the United States this year, company officials tell Digital Transactions News. POS apps enable merchants to load and use business software than can help with employee scheduling, manage …
Read More »A Health Care Payment Option Launches and other Digital Transactions News briefs
• Abilene Diagnostic Clinic has adopted the One Bill solution from health-care payments processor InstaMed, allowing patients to deal with a single statement embracing all ADC locations. • In related news, Change Healthcare, a specialist in analytics software, introduced Personalized Communications for its billing and payments solution. The new service is aimed at billing …
Read More »U.S. Chip Card Saturation Helps Bring Global EMV Growth Nearly to a Standstill
By John Stewart @DTPaymentNews Big markets like the United States and China have been boosting EMV chip card shipments for years, but now those two growth engines are sputtering. Worldwide contactless EMV. Currently, most EMV cards in the U.S. market require users to insert the card into a chip reader …
Read More »TouchSuite Buys American Bankcard and other Digital Transactions News briefs
• TouchSuite, a merchant-services company operated by American Bankcard LLC, announced it purchased Merchant Bankcard Systems of America, which has approximately 1,000 merchants in its portfolio. Terms of the deal, which closed Feb. 7, were not disclosed. • Middleware provider Datacap Systems Inc. said it completed level 3 EMV certification with …
Read More »Visa Takes Another Step Toward IoT Payments, With the Help of IBM’s Watson Platform
By John Stewart @DTPaymentNews A year ago, Visa Inc. expanded its Visa Ready program beyond mobile point-of-sale terminals to support tokenized payments on a wide variety of Internet-connected devices. On Thursday, the payments company took the next step in that plan, announcing a collaboration with IBM Corp. that will allow …
Read More »Chase Payments Extends Referral Plan and other Digital Transactions New briefs
• First Data Corp. expanded its deal with ShopKeep, a cloud-based point-of-sale provider, that makes ShopKeep’s POS software available through its distribution network. ShopKeep also will incorporate First Data’s payment processing and security tools. This includes the Clover Go software developer kit and enables ShopKeep software to operate on Clover hardware. • …
Read More »A $233-Million Deal for TIO Networks Catapults PayPal Into a Race for Bill-Pay Volume
By John Stewart @DTPaymentNews PayPal Holdings Inc., which hasn’t been shy about laying out big money to enter new businesses, said on Tuesday it will shell out $233 million to buy TIO Networks Corp., a cloud-based processor that will deepen PayPal’s penetration of the bill-payment market. The acquisition is expected …
Read More »Poor Service Cost Retailers $150 Billion Last Year. Could Mobile Tech Stem the Loss?
By John Stewart @DTPaymentNews Brick-and-mortar retailers are struggling to keep up with online stores, but they’d struggle far less if they could better deploy in-store technology, according to a report issued Tuesday. A big issue for shoppers is lackluster customer service, which last year cost retailers $150 billion in lost …
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