Digital Transactions Authoritative, insightful and timely information for payments professionals
Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …
October, 2020
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19 October
Billtrust to Go Public and other Digital Transactions News briefs from 10/19/20
Billtrust, a provider of accounts-receivable software for businesses, said it will go public at a valuation of $1.3 billion through a merger with South Mountain Merger Corp., a publicly traded special purpose acquisition company, or SPAC. Going public via a SPAC has become an increasingly popular option in recent months.In …
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19 October
COMMENTARY: Super Apps Are Coming. Don’t Get Left Behind
China has historically pioneered the evolution of money. From the ancient use of cowry shells as commodity money, the standardization of bronze coins around 1000 B.C., leather-made promissory notes during the Han dynasty, or the introduction of paper currency around the seventh century, China has shown the way. It should then come …
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16 October
Square Releases an API to Allow Its Terminal to Ease Acceptance of Contactless Payments
Much has been written about the need for merchants to adopt various forms of contactless payments to suit jittery customers and cashiers in the midst of Covid-19, but often the conversion to touch-free transactions is easier said than done. In response, Square Inc. late Thursday unveiled an application programming interface …
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16 October
Covid-19 Prompts the PCI Council to Take a Flexible Approach to Its Security Standard
Because of Covid-19, many employees who have access to payments data are working from home, making it awkward if not impossible for data-security assessors to conduct onsite inspections. In response, the PCI Security Standards Council says it plans to make the next version of its data-security standard more reflective of …
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16 October
MoneyGram Adds International Partners and other Digital Transactions News briefs from 10/16/20
MoneyGram International Inc. reached an agreement with Lulu Money in which consumers in Hong Kong can send or receive money at any Lulu Money location and also link to the MoneyGram network.In related news, MoneyGram and PayMaya, a payments provider in the Philippines, have agreed to launch a service that will allow …
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15 October
E-Commerce Will Flourish This Holiday Season, But Watch Out for Fraud, ACI Warns
The economy may have fallen into recession, but processors and online stores can expect a healthy holiday season this year, according to projections released Thursday by ACI Worldwide Inc. The Naples, Fla.-based payments provider said e-commerce transactions will jump 27% globally in the fourth quarter compared to the same period …
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15 October
Covid-19’s Long Shadow Is Prompting a Rise in Gift Card Sales, Including Digital Cards
With a looming holiday shopping season inflected by uncertainties surrounding the effects of the Covid-19 pandemic, payments firms are trying to work out how consumers may change spending habits this year. A study released Thursday indicates processors expect a healthy jump in e-commerce volume, including a surge for gift cards. …
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15 October
Ziosk Expands Its Device Platform and other Digital Transactions News briefs from 10/15/20
Restaurant technology specialist Ziosk expanded its Ziosk Platform to now include a Quick Response code service for contactless menu browsing, ordering, and payment. It also includes handheld and integration models of its service. Ziosk said the average use rate for its original devices is 92%, an average increase of almost 30% since …
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14 October
In One of Its First Post-SoFi Deals, Galileo Adds $7 Billion in Transaction Processing Via Fintech Save
Fintech startup Save has reached an agreement to use Galileo Financial Technologies Inc.’s API-driven payments-processing platform for its Debit Invest debit cards and Save Market Savings accounts. Galileo’s platform is expected to make it easier for Save customers to open and fund their accounts and integrate them with Save’s bank …