Friday , February 26, 2021

Search Results for: POS system

Reliable, Recurring Revenue Fuels Investor Interest in Payments

With the closing of three megamergers this year, one might think investment opportunities in payments and acquiring could shrink. But that would be an error. That was the assessment of investment professionals speaking Thursday at the Western States Acquirers Association annual conference in Rancho Mirage, Calif.  “It’s a massive industry. …

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COMMENTARY: How Your Partners May Be Hindering Your GDPR Compliance

The General Data Protection Regulation (GDPR) became enforceable on May 28, 2018, in the European Union (EU). Now, almost a year and a half later, things seem to be getting a bit more real as companies like British Airways and Marriott International are being hit with substantial fines and the Information …

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Turnkey Risk Rebrands as Humaitrix and other Digital Transactions News briefs from 9/17/19

Turnkey Risk Solutions, a risk-management firm specializing in first-party fraud, rebranded as Humaitrix LLC. Payments veterans John J. Leehy III joined the company as chief executive and Gregory W. Sahrmann joined as the chief operating officer. Amy Walraven, a former JPMorgan Chase & Co. risk executive, is founder, president, and chief …

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Treasurers See Plenty of Use Cases for Real-Time Payments, And They’re Writing Fewer Checks

Corporate treasurers can identify numerous use cases for real-time or otherwise faster payments, but they do worry about transaction security, according to the Association for Financial Professionals. Some 60% of respondents surveyed in the AFP’s newly released 2019 payments study said business-to-business transactions will benefit the most from faster and …

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An ISO’s Dry Cleaning Stake and other Digital Transactions News briefs from 9/12/19

United Merchant Services Inc. said it acquired the rights to Royal Western Computer’s assets, including its point-of-sale software for dry cleaning merchants, branding, trademarks, licensee database, and sales channels. Royal Western Computer holds more than 25% of the dry cleaning POS market, UMS said. The company intends to expand by combining …

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Chase And Its WePay Unit Aim Faster Funding at Cash-Flow Conscious Sellers

Speedier funding of merchant accounts has become a key part of the faster-payments trend as sellers seek ways to gain a competitive edge, and on Tuesday JPMorgan Chase & Co. entered the fray with a same-day deposit service for merchants that bank with Chase. The new service, which is being …

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Pricing, Disputed Transactions Among Undetermined FedNow Issues

The Federal Reserve’s proposed FedNow real-time payments service won’t be live for more than three years, but bankers and other interested parties peppered two Fed officials with plenty of questions about it Monday. The occasion was a 90-minute webinar in which the officials reviewed the ambitious FedNow plans unveiled last …

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Digital River’s WordPress Plugin and other Digital Transactions News briefs from 9/5/19

Digital River Inc. said it made an e-commerce plugin for WordPress users available. Among its features, the plugin enables payment processing, PCI compliance, and fraud screening.Puerto Rico-based payment processor Evertec Inc. said it will donate $100,000 for disaster relief in the Bahamas, which have been racked by Hurricane Dorian.Compulocks Brands Inc. released a …

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USA Technologies Seeks Another Deadline Extension for Filing Late Reports; Shares Plunge

Already nearly a year late in filing the first of several overdue financial reports and with its stock facing delisting, vending machine payments provider USA Technologies Inc. on Wednesday reported it has asked The Nasdaq Stock Market LLC for yet another extension to file required documents. The delay request is …

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A Sell-By Date for Passwords

Technical advances in identification and authentication are finally establishing an alternative to the alarmingly insecure username-­password combo. Owing to the increasing amount of digitization in all areas of life, secure identification and authentication are becoming more and more important. Particularly, the transfer of sensitive data such as payment transactions must …

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