Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews The lingering impact of some retailers’ slow conversion to EMV chip card acceptance continued to plague prepaid card services provider Blackhawk Network Holdings Inc. in the fourth quarter. Blackhawk reported late Wednesday that revenues fell short of its expectations in part because of a “continued EMV headwind” …
February, 2017
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16 February
Chase Payments Extends Referral Plan and other Digital Transactions New briefs
• First Data Corp. expanded its deal with ShopKeep, a cloud-based point-of-sale provider, that makes ShopKeep’s POS software available through its distribution network. ShopKeep also will incorporate First Data’s payment processing and security tools. This includes the Clover Go software developer kit and enables ShopKeep software to operate on Clover hardware. • …
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16 February
Canadian Small Businesses To Get an Interchange Cut From Mastercard
Small merchants that belong to the 109,000-member Canadian Federation of Independent Business will get interchange reductions of 12.5% or more on Mastercard purchases beginning April 3 under a deal announced Thursday by the CFIB and Mastercard Inc. The new rates will be available to CFIB members through all Canadian merchant …
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15 February
With Its New Line of ATMs, NCR Hopes To Attract ‘Digital Natives’
By Jim Daly@DTPaymentNews ATM manufacturer NCR Corp. on Tuesday unveiled its line of SelfServ 80 Series, machines NCR says are designed for “today’s mobile-first, omni-channel consumers.” The line currently has 4 models, and several large banks and mid-sized credit unions have already begun deploying them. “There are in the thousands …
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15 February
A $233-Million Deal for TIO Networks Catapults PayPal Into a Race for Bill-Pay Volume
By John Stewart @DTPaymentNews PayPal Holdings Inc., which hasn’t been shy about laying out big money to enter new businesses, said on Tuesday it will shell out $233 million to buy TIO Networks Corp., a cloud-based processor that will deepen PayPal’s penetration of the bill-payment market. The acquisition is expected …
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15 February
Cayan Debuts an Integrated POS Handheld Device for EMV, NFC, And PIN Transactions
By Kevin Woodward@DTPaymentNews Merchant-services provider Cayan released a semi-integrated mobile-payment device that accepts EMV chip card payments, the Boston-based company announced Tuesday. Dubbed Genius Handheld, the device enables clerks to accept multiple forms of payment while standing in a store aisle or at a popup location to shorten checkout queues. …
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15 February
Shopify Notes Merchant Apple Pay Use and other Digital Transactions News briefs
• E-commerce platform provider Shopify Inc. said it added 133,000 merchants in 2016, bringing the total to 377,500 by year’s end; gross merchandise volume hit $5.5 billion in the fourth quarter, up 94% from a year earlier. Shopify also says that since it launched Apple Pay for the Web, more than …
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14 February
Poor Service Cost Retailers $150 Billion Last Year. Could Mobile Tech Stem the Loss?
By John Stewart @DTPaymentNews Brick-and-mortar retailers are struggling to keep up with online stores, but they’d struggle far less if they could better deploy in-store technology, according to a report issued Tuesday. A big issue for shoppers is lackluster customer service, which last year cost retailers $150 billion in lost …
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14 February
Mobile Commerce Comprises 21% of All Online Commerce, comScore Says
By Kevin Woodward@DTPaymentNews How enthusiastic are consumers about shopping on their smart phones and tablets? Enough that mobile commerce grew to $22.7 billion in the fourth quarter of 2016, up 45% from $15.6 billion in the same period a year prior, says comScore Inc., a Reston, Va.-based data-measurement firm. That …
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14 February
After Absorbing Wincor Nixdorf, Diebold Looks to a More Diversified Future
Diebold Nixdorf, the ATM manufacturer formed last August when North Canton, Ohio-based Diebold Inc. bought Germany’s Wincor Nixdorf AG, on Tuesday reported results for its first full quarter as a combined company. The merged firm, double the size of the former Diebold Inc., is now looking to expand globally and …