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- Among debit card issuers Apple Pay made up 77% of mobile-wallet transactions, Auriemma Consulting Group said in an analysis of mobile wallets. Samsung Pay and Google made up 17% and 6% of transactions, respectively.
- Rich Consulting and Double Diamond Group launched a suite of services to aid acquirers, independent sales organizations, and payment facilitators participating in the Electronic Transactions Association’s new Self-Regulation Program. The service audits how well the client complies with the program’s requirements and suggests remedies.
- Square Inc. announced Square Installments, an online payment option that enables consumers to spread a purchase over several months. The service currently is available in 22 states for purchases between $250 and $10,000. Monthly payments are on three-, six-, or 12-month terms with interest rates ranging from 0% to 24%.
- Processor Computer Services Inc. reported its revenues grew 9.6% year-over-year in the quarter ended Aug. 31 to $67.1 million. Net income was up nearly 71% to $13 million.
- Invoice Ninja, developer of an open-source invoicing app for freelancers, announced its latest app is based on Google’s Flutter framework, making for a faster user experience. The app connects to 45 payment gateways.
- Northwest U.S. regional fast-food chain Burgerville says a data breach may have compromised credit and debit cards used at its locations between September 2017 and Sept. 30 of this year. Burgerville, which learned of the breach from the FBI in late August but didn’t disclose it until Wednesday, believes the cyberattack originated with Fin7, an Eastern European crime group.
- Grocer iFresh Inc. said it now accepts UnionPay transactions in all of its stores, which include nine supermarkets in the eastern United States, via a partnership with Citcon, a cross-border mobile payments specialist. The grocer began accepting Alipay from Alibaba earlier this year.
- The National Retail Federation forecasted that 2018 holiday sales in November and December will increase between 4.3% and 4.8% over 2017 for a total of $717.45 billion to $720.89 billion. Over the past five years the average annual increase has been 3.9%.
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