Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …
Read More »Gift Card Spending Doubles and other Digital Transactions News briefs from 1/8/20
Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …
Read More »MyPinPad Gets Added PCI Certification and other Digital Transactions News briefs from 1/7/20
MyPinPad, a provider of technology enabling PIN entry on off-the-shelf mobile devices, said it has been granted certification from the PCI Security Standards Council for its software-based PIN entry on a Commercial off-the-shelf (SPoC) product for iOS.Shift4 Payments Inc., which filed for a proposed public offering in December, said it completed certification …
Read More »MoneyGram Notes Growth and other Digital Transactions News briefs from 1/6/20
MoneyGram International Inc. announced online transactions grew more than 70% year-over-year between Dec. 1 and Dec. 25, a record growth rate for that period. The money-transfer provider, which did not report the actual transaction volume, said 80% of the transactions were initiated on a mobile device.PayPal Holdings Inc. has closed on its …
Read More »eBay Unfazed by Payment Critics and other Digital Transactions New briefs from 1/3/20
An eBay Inc. executive said the online marketplace will not back down on the introduction of its Managed Payments program in the face of criticism from some sellers regarding the program’s costs and policies. The company introduced the new payments program, which relies on gateway services from Adyen N.V., last year after years …
Read More »Lawsuits Filed Over Wawa Data Breach and other Digital Transactions News briefs from 1/2/20
At least six lawsuits seeking class-action status have been filed in U.S. District Court in Philadelphia against Wawa Inc., an 850-location convenience-store chain, in the wake of Wawa’s previously announced data breach. Most recently, the Goldman Scarlato & Penny P.C. law firm said its attorneys are investigating consumer claims concerning the breach. Data stolen …
Read More »Mercado Pago Adds PayPal Checkout Option and other Digital Transactions New briefs from 12/31/19
PayPal Holdings Inc. announced it has signed a commercial agreement with MercadoLibre, a major e-commerce marketplace in Latin America. As part of the deal, PayPal will become a payment choice in the Mercado Pago online checkout for customers in Brazil and Mexico, a move PayPal says could lead to PayPal users getting …
Read More »Everi Makes $25 Million Acquisition and other Digital Transactions News briefs from 12/30/19
Everi Holdings Inc., a provider of payment processing, slot machines, and various services to the gaming industry, said its Everi Payments subsidiary bought $25 million in “strategic assets” from Micro Gaming Technologies Inc., a privately held provider of loyalty and marketing products and promotional tools and apps for casinos. Under …
Read More »Amazon’s Record Holiday Season and other Digital Transactions News briefs from 12/27/19
E-commerce leader Amazon.com Inc. said the 2019 holiday shopping season was a record-breaker for the company, with “billions of items ordered,” including “tens of millions” of Amazon devices. The company didn’t disclose payment volumes.Following a 79% collapse last year, the cryptocurrency market rebounded in 2019 to a total value of $192.3 billion, up 58%, …
Read More »Citcon Prevails in Source Code Lawsuit and other Digital Transactions News briefs from 12/26/19
Citcon USA LLC said it prevailed in a lawsuit against Canada-based RiverPay Inc. over allegations of misappropriation of source code trade secrets. Citcon, which helps North American merchants integrate Chinese mobile wallet acceptance, sued RiverPay in 2018 in the U.S. District Court for the Northern District of California because it said RiverPay …
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