Digital Transactions Authoritative, insightful and timely information for payments professionals
Unattended-payments provider USA Technologies Inc. announced late Wednesday that it has filed overdue financial reports for its fiscal years 2019 and 2018 ended June 30, as well as several late quarterly reports. The company also restated financial data for some periods dating back to fiscal 2015. The new filings and …
October, 2019
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9 October
Intuit To Bring More Small And Mid-Sized Businesses to Visa Direct
Small and mid-sized businesses using Intuit Inc.’s QuickBooks accounting software and payment-processing service will be able to get funds faster through Visa Inc.’s Visa Direct service, the companies announced Wednesday. Mountain View, Calif.-based Intuit rolled out Instant Deposit for its SMB customers using QuickBooks Payments. Instant Deposit uses the Visa …
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9 October
Eye on Blockchain: Ripple Teams up With Finastra; Firms Line up to Support Libra
The London-based financial-services technology provider Finastra said Wednesday that it has agreed to offer blockchain technology from Ripple Labs Inc. for cross-border payments processed by its client institutions. In related news, more than 1,500 firms have inquired with the Libra Association about joining the group, the association said, in the …
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9 October
Mercator Releases Prepaid Card Report and other Digital Transactions News briefs from 10/9/19
Mercator Advisory Group released its “Prepaid Cards: Continued Growth” report.Payment security technology developer Sequent Software Inc. named Richard Nassar vice president of product management. Nassar is a former Visa Inc. executive.Travel card provider UATP named David Jimenez chief commercial officer. Jimenez’s career includes stints at Chase Paymentech, Ingenico, and CenPOS.Point-of-sale finance provider Afterpay Touch Group said …
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8 October
The FBI Warns of Attacks on Multifactor Authentication Defenses
The Federal Bureau of Investigation recently notified cybersecurity companies about attacks that could defeat multifactor authentication systems protecting sensitive online personal and financial data, systems usually considered much stronger than two-factor authentication combinations such as user names and passwords. The FBI last month quietly sent a so-called private-industry notification (PIN)—a …
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8 October
Eye on Mobile Payments: More About Samsung Pay Cash; Zelle Eyes Community Banks
More details emerged Tuesday about Samsung Pay Cash, the virtual prepaid card Samsung Electronics America Inc. first announced late last week as the latest feature for its mobile wallet. Global Payments Inc., the big Atlanta-based processor that recently acquired Total System Services Inc. (TSYS), said Monday it has now integrated …
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8 October
CardFlight Adds Device Support and other Digital Transactions News briefs from 10/8/19
CardFlight Inc. released its SwipeSimple Terminal for the PAX A80 point-of-sale terminal. The software enables on-screen tip prompts, customizable digital receipts via text or email, and searchable transaction history, among other features.Point-of-sale finance provider Affirm Inc. debuted an app that allows consumers to shop and pay in installments at most stores. Consumers can …
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7 October
In the Wake of PayPal’s Defection, There’s ‘A Lot of Pressure’ on Key Libra Meeting Oct. 14
Friday’s news that PayPal Holdings Inc. is bailing out of Facebook Inc.’s Libra cryptocurrency project underscores the importance of an upcoming meeting of the project’s backers in Geneva, Switzerland, observers say. It has also heightened speculation about whether the project is likely to lose more of the remaining 26 companies …
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7 October
NCR Acquires POS System Provider and other Digital Transactions News briefs from 10/7/19
NCR Corp. said it acquired Anderson, Ind.-based Midwest POS Solutions Inc., a point-of-sale systems provider serving 1,000 restaurants in Indiana and Kentucky. Midwest POS was one of the first dealers of the NCR Aloha POS system for restaurants. Terms of the deal were not disclosed.ATM security specialist TMD Security launched One Touch Access, …
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4 October
Wavering PayPal Withdraws From Libra
Confirming speculation that it was having second thoughts about officially joining the Libra Association, PayPal Holdings Inc. disclosed Friday afternoon that it was withdrawing from the controversial cryptocurrency project proposed by Facebook Inc. “PayPal has made the decision to forgo further participation in the Libra Association at this time and …