Digital Transactions Authoritative, insightful and timely information for payments professionals
- Payments processor Computer Services Inc. reported record revenue of $284.2 million for fiscal 2020 ended Feb. 29, up 8% year-over-year. Revenue for the fiscal fourth quarter came to $72.7, also a record, up 14.1% year-over-year. For the coming months, the company said it expects Covid-19 will depress sales of new products and services, but digital-banking services will enjoy increased demand.
- Some 55% of consumers say they will use contactless payments more “in the short term” because of health and safety concerns, according to a survey of 8,000 persons in the United Kingdom, the United States, Canada, Germany, Austria, Bulgaria, and Italy. The survey is the latest installment of the “Lost in Transaction” research from payments provider Paysafe.
- Bluefin Payment Systems LLC said it and CDE Services Inc. recently provided more than 800 point-of-sale terminals and PIN pads equipped with point-to-point encryption to a large California health-care organization.
- Milwaukee retailers would be required to accept cash under a proposed city ordinance. A similar proposal was introduced in the Wisconsin Legislature last year but failed to pass.
- Payroc LLC released a software development kit that enables businesses to adopt a semi-integrated certified EMV service directly into their own mobile application to accept EMV and other payment types. It also is surcharging compliant and will add RewardPay, a Payroc-exclusive discount-pricing option that accepts Apple Pay and Google Pay.
- Core processor Jack Henry & Associates Inc. said more than 100 financial institutions are using its JHA PayCenter to link to the Zelle Network and The Clearing House’s Real Time Payments network for faster-payments service. Zelle is a real-time peer-to-peer payments platform from Early Warning Services LLC.
- Chinese payments provider Tencent Holdings Ltd. has become a “substantial shareholder” in Afterpay Ltd., a provider of installment-payment options. The extent of Tencent’s investment was not disclosed.
- Mastercard Inc. appointed Mark Barnett president of its European business, encompassing 53 countries. He succeeds Javier Perez, who is retiring at year’s end. Barnett formerly was divisional president for the United Kingdom, Ireland, Nordics, and Baltics.
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