Digital Transactions Authoritative, insightful and timely information for payments professionals
Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …
February, 2020
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19 February
USA Technologies Eyes Growth in Software-Based Services And Expansion Into Japan
While playing defense in a proxy war with the company’s largest shareholder, vending-machine payments provider USA Technologies Inc.’s top executives are looking for growth through software-based services, and expansion into adjacent markets and other countries, particularly Japan. “Our go-to-market strategy is to advance our sales efforts as an integrated software …
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19 February
How the Utility of APIs Also Makes Them Targets for Online Criminals
Enabling account access and payments between different platforms is the task of application program interfaces, a bit of software code that thousands of payments companies rely on. Dubbed APIs, the technology is vital to the connected payments experience consumers desire and companies want to provide. Criminals, too, desire access to …
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19 February
ParkMobile’s 18 Million Users and other Digital Transactions News briefs from 2/19/20
ParkMobile LLC, a provider of mobile parking payments, said it has reached 18 million users after a 110% two-year growth rate. It also said it has appointed John Brown chief operations officer. Brown previously held executive positions at Clutch Technologies, Cardlytics, and Fiserv Inc.Payment card provider CPI Card Group Inc. announced its …
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18 February
Survey: Americans Have $21 Billion in Unused Gift Card Balances
All those unredeemed gift cards in people’s drawers and on dresser tops are adding up. New research from Bankrate LLC estimates the total value of Americans’ unredeemed gift cards and leftover store credits at $21 billion. Bankrate says its survey, the firm’s first of its kind, found the average adult …
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18 February
Perk Hero Debuts as Glance Technologies Changes Its Name Amid a Quest for Younger Consumers
The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …
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18 February
Fiserv Tests PIN-on-Mobile and other Digital Transactions News briefs from 2/18/20
Fiserv Inc. said its First Data unit is piloting PIN-on-mobile technology in Poland, with plans to expand the program to the rest of Europe, the Middle East, Africa, and the Asia-Pacific region. The technology, which allows merchants to accept PINs on off-the-shelf mobile devices, was developed in collaboration with Visa Inc., Samsung Electronics …
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17 February
A German Company Unveils a Checkout Buster That Relies on Breakthroughs in RFID Scanning
As merchants and their technology partners continue to develop technology to ditch the familiar checkout, a German entrant on Monday demonstrated a system that would use radio-frequency identification to charge customers as they walk out with their goods. The system, dubbed “payfree,” involves an app that consumers would install in …
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17 February
Restaurant POS Systems and Payments Provider Toast Raises $400 Million in Expansion Drive
Toast Inc., a software, point-of-sale hardware, and payments provider for restaurants, has raised $400 million in another funding round. The Boston-based firm introduced its first POS device in the spring of 2018, and among its services it acts as a payment facilitator for restaurants. The company says revenue increased 109% in …
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17 February
Chargebacks911’s Tips on BOPUS Fraud and other Digital Transactions News briefs from 2/17/20
Chargebacks911 released a set of tips for retailers about managing buy-online, pickup-in store fraud.VersaPay Corp., a provider of electronic invoice presentment and payment, said its shareholders overwhelmingly approved acquisition of all outstanding common shares by 1233518 B.C. Ltd., an affiliate of private-equity firm Great Hill Partners. Shareholders will receive $2.70 Canadian …