Saturday , November 23, 2024

Digital Transactions News staff

USA Technologies Picks New CEO and other Digital Transactions News briefs from 5/11/20

USA Technologies Inc. named Sean Feeney chief executive officer, effective May 8. Feeney most recently was CEO of DefenseStorm Inc., a provider of cloud-based cybersecurity management for financial institutions. USAT processes payments for vending-machine operators. Hudson Executive Capital, USAT’s largest shareholder, recently installed eight new directors on the company’s board after winning …

Read More »

Cardtronics Eyes Long-Term Covid-19 Business Impact and other Digital Transactions News briefs from 5/8/20

Cardtronics plc chief executive Edward West pointed to a long-term effect from the Covid-19 pandemic that he said could prove beneficial for the company, the world’s largest ATM operator. “We also believe that this crisis will likely accelerate the trend of bank branch transformation as several leading retail banks have already …

Read More »

FIS’s Merchant Revenue Balloons and other Digital Transactions News briefs from 5/7/20

Fidelity National Information Services Inc. (FIS) reported $935 million in revenue in its merchant solutions segment in the first quarter of 2020, a 1,770% increase from $50 million a year ago. That’s a reflection of the integration of acquirer Worldpay, which FIS purchased last year. Sales were up in non-discretionary verticals, online …

Read More »

CPI’s EMV Card Boost and other Digital Transactions News briefs from 5/6/20

Payment card manufacturer CPI Card Group Inc. said first-quarter sales of credit and debit cards rose 22% from a year earlier to $59.8 million, driven in part by strong demand for dual-interface EMV cards that support contactless payments. The company reported first-quarter net income of $2.42 million versus a loss of $3.06 …

Read More »

AmEx Extends Fuel-Pump EMV Liability Shift Date and other Digital Transactions News briefs from 5/5/20

American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 …

Read More »

CSI Revenue up 8% and other Digital Transactions News briefs from 5/4/20

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 …

Read More »

Star, Accel Raise PINless Limits and other Digital Transactions News briefs from 5/1/20

Processor Fiserv Inc. announced it is temporarily increasing the limit for PINless transaction approval on its Star and Accel debit networks from $50 to $100 effective Friday. Issuers are required to support the new cap, while it is optional for merchant acquirers and merchants.MoneyGram International Inc. reported digital transactions, which accounted for 18% of all …

Read More »

Sour Ratings for Some Payments Companies and other Digital Transactions News briefs from 4/30/20

Citing the risk to their businesses from the coronavirus pandemic, securities rating agency Fitch Ratings revised its outlook to negative for seven publicly traded consumer-finance companies, including American Express Co., Discover Financial Services, and Synchrony Financial.Main Event Entertainment Inc. issued a notification indicating malware collected data from cards used on point-of-sale devices for food-and-beverage and entertainment …

Read More »

Euronet Transfer Volume up 3% and other Digital Transactions News briefs from 4/29/20

Money-transfer specialist and ATM operator Euronet Worldwide Inc. reported 27.4 million money-transfer transactions in the first quarter of 2020, up 3% from 26.6 million a year ago. Euronet said its ATM count of 42,176 at the end of the quarter is up from 42,034 last year. The company just acquired Dolphin Debit, a …

Read More »

New Leadership at Merchant e-Solutions and other Digital Transactions News briefs from 4/28/20

Payments provider Merchant e-Solutions announced new leadership, including chief executive Mike Rouse and eight other top executives.Shift4 Payments launched SkyTab Takeout, an online-ordering system for restaurants it is offering with no setup, order, or monthly fees.HomeAdvisor, an online marketplace linking homeowners to service providers, launched HomeAdvisor Pay, which allows homeowners to make contactless payments …

Read More »
Digital Transactions