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Search Results for: independent sales organizations

20 Years And Counting. Thank You

Welcome to a party. Digital Transactions is 20 years old, and with this issue we’re celebrating that milestone with a package of stories tracing the development over the years of 10 key topics in digital payments. You’ll find that piece on page 18. But first, we wanted to pause and …

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Stax Adds Atlantic-Pacific Processing to Boost Its Multichannel Offering

Stax Payments has acquired payment-technology provider Atlantic-Pacific Processing Systems (APPS) for an undisclosed sum. The acquisition is expected to enable Stax to create a new end-to-end payments platform that includes an enhanced multi-channel offering, improved data reporting, and additional customization capabilities. “Our partners and customers want a simple, secure, multichannel …

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How NMI’s Deal for Sphere’s Commercial Division Will Ease New Merchant Accounts

Payments provider NMI LLC announced Thursday it has acquired the commercial division of Sphere, a cloud-based software and payments-technology company. Sphere Commercial Division primarily serves non-integrated small and mid-size businesses. Terms of the deal were not disclosed. Schaumburg, Ill.-based NMI says the acquisition will strengthen its underwriting and risk-management capabilities …

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SoftPOS Offers Many Advantages, But a Few Drawbacks, Too

The recently developed ability to accept card payments on an ordinary smart phone, with no additional hardware, has electrified the payments industry. But the technology, known as SoftPOS, comes with complications that could slow progress, a panel of experts warned Thursday. SoftPOS, which as the name implies relies on specialized …

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An Embedded Pricing Tool from TSG Aims for Fine Tuning

TSG, a payments advisory firm, released a service to help merchant acquirers and software vendors optimize pricing for merchants. Dubbed the Embedded Pricing Tool, it can help acquirers and software vendors get pricing right without over- or under-pricing merchants. Pricing data comes from the TSG database in its Acquiring Industry …

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PayPal Revenue at $7.3 Billion And Other Digital Transactions News briefs from 8/3/23

PayPal Holdings Inc. reported $7.3 billion in June-quarter net revenue, up 7% year-over-year, as total payment volume grew 11% to $376.5 billion. Payment transactions were up 10%, to 6.1 billion. Total active accounts increased only slightly to 431 million from 429 million a year ago. Net income swung from a loss …

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For ISOs And Other Acquirers, Picking a Sponsor Bank Entails Understanding Banks

Independent sales organizations can’t do much without a sponsor bank, also known as an acquiring bank, to get them access to the payment card networks. As with most business endeavors, the complexity of finding a sponsor bank has increased. It’s a challenge that attendees at the 2023 Midwest Acquirers Association …

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HipFinity Gateway Launches And Other Digital Transactions News briefs from 7/12/23

A payments-technology provider called HipFinity launched, offering a payment gateway and other services for independent sales organizations and other resellers. Payments-technology provider Stronghold introduced StrongholdNET, a network connecting merchants and providers of payment services. A blockchain-based startup called Decentral Zone launched to provide an e-commerce marketplace that allows consumers to transact with merchants via digital assets. …

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Ingenico Releases App Tool And Other Digital Transactions News briefs from 4/25/23

Payments-technology provider Ingenico launched its AXIUM Payment Experience, dubbed APEX, an app intended to make it easier for businesses to craft payments apps. U.S. payments provider InComm Payments introduced a new unit, InComm Payments Brazil Technology Ltda., to expand the company’s operations in Brazil. Embedded-finance specialist Maast launched a set of new technologies aimed at making …

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Looking to North American Expansion, the U.K.’s Miura Launches an Android POS Device

The United Kingdom-based point-of-sale technology specialist Miura Systems has launched its latest payment device, an Android-based terminal called the Miura Android Smart POS, or MASP. It’s the latest payment-acceptance device aimed at independent sales organizations and other third-party resellers to take advantage of the open-source capabilities of the Android operating …

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