Thursday , March 28, 2024

Search Results for: POS system

With an Added 50 Cents Per Share, ACI Ups the Ante in Its Bid for Control of S1

ACI Worldwide Inc. on Thursday sweetened its offer for rival payments-software vendor S1 Corp. Facing stiff resistance from S1’s management, ACI added 50 cents a share to the cash portion of its bid, increasing it from the $5.70 it first offered July 26 to $6.20. It is also offering about …

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Intuit Makes a Smart-Phone Payments Go of It With Verizon Wireless

It won’t be long until payment card acceptance applications and card readers for smart phones are as easy to get in stores as cornflakes or socks. The latest example: Intuit Inc. and Verizon Wireless on Thursday announced that Intuit’s GoPayment mobile application and reader are now available in Verizon Wireless’s …

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In a Shareholder Letter, S1 Seeks Support for Fundtech Deal And Fires Back at ACI

The heated rivalry between payment-software firms S1 Corp. and ACI Worldwide Inc. for the loyalty of S1’s shareholders took on yet more urgency on Monday as S1 urged owners of its shares to reject an offer from ACI. In a letter to shareholders seeking proxies in support of a proposed …

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ADA Rules, Skimming, And Windows Conversion Are Top ATM Priorities, Study Shows

  Bank ATM managers have slain one dragon, a transition to better data protection with the widespread rollout of the Triple Digital Encryption Standard. Some 99% of ATMs now use Triple DES, according to Aite Group LLC. But according to new survey results, ATM managers are still fighting several others, …

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By Going Directly to S1’s Shareholders, ACI Hopes to Scuttle Fundtech Deal

  ACI Worldwide Inc.’s effort to acquire rival payments-software firm S1 Corp. took a more hostile turn on Monday when ACI said it will go directly to S1’s shareholders, asking them to scuttle a proposed merger between S1 and Fundtech Ltd. The move by Elkhorn, Neb.-based ACI, spelled out in …

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How a Google-Motorola Combo Could Be ‘Good News’for NFC in the U.S.

At first glance, the nascent mobile-payments business doesn’t seem to be the major driver of Google Inc.’s $12.5 billion cash acquisition of cell-phone maker Motorola Mobility Holdings Inc. The deal, however, could spur payments using near-field communications (NFC) technology as software companies, phone manufacturers, and mobile-communications software companies jockey for …

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A Technical Glitch Short-Changes Developers Selling Apps on Android Market

  A technical gremlin has caused thousands of developers to be short-changed on payments they are due for applications they sell through Google Inc.’s online Android Market. The glitch, which developed some time in July, has created a mismatch between customers’ orders on Google Checkout, the Mountain View, Calif.-based Web …

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A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring

  Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …

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Visa Tries To Juice EMV And Mobile Payments with New Initiatives

Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …

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