Digital Transactions Authoritative, insightful and timely information for payments professionals
• Processor Fiserv Inc. said ATM services provider FCTI Inc., a U.S. affiliate of convenience-store giant 7-Eleven Inc.’s Japan-based parent company, picked it to provide transaction processing for 7-Eleven’s nearly 8,000 U.S. ATMs when FCTI takes over the portfolio next July from Cardtronics plc.
• Payment technology provider ACI Worldwide Inc. and VocaLink Holdings Ltd., operator of the United Kingdom’s ACH system, said they were teaming up to offer domestic or regional immediate-payments systems around the world. MasterCard Inc. plans to buy VocaLink under a pending $920 million deal.
• ATM manufacturer Diebold Nixdorf launched a “crowdstorming” program on the jovoto online platform to tap a pool of 80,000 participants for ideas about new services that financial institutions can offer consumers.
• The ATM Industry Association published a study on non-Microsoft Corp. operating systems for ATMs, including Linux and Android.
• The World Wide Web Consortium, or W3C, the Internet’s governing body, has brought together Google, Facebook, Apple, and more than 30 other companies to develop a new global standard for one-click online payments, The New York Times reported.
• Merchant processor Square Inc. says it cut 25% off the time of contact chip card transactions on its card reader, from 5.7 seconds to 4.2 seconds, and plans to get the time down to 3 seconds.
• Visa Inc., in partnership with Oracle Corp.’s Oracle Data Cloud service, introduced Visa Advertising Solutions, a suite of products to help merchants understand whether their digital-advertising efforts are influencing consumer purchase decisions online and in stores.
• CardConnect Corp. appointed Jason Williams as senior vice president of business development in charge of the merchant processor’s partner channel that includes independent sales organizations and banks; Williams is a 19-year veteran of processor Total System Services Inc. (TSYS).
