Discover Global Network signed an agreement with Credit Mutuel Arkea to allow Arkea Group merchants in France and Europe to accept Discover, Diners Club International, and allied issuers’ transactions.Ingenico Group’s e-commerce division, Ingenico ePayments, said it will provide payments services to Yoozoo Games, a game development and distribution company.Barclaycard, a unit of …
Read More »Web Site Infections Found and other Digital Transactions News briefs from 8/28/19
Arxan Technologies, an application-security provider, said research it commissioned from Aite Group found 80 e-commerce sites that were actively compromised by groups using Magecart card-skimming technology. Magecart can infect e-commerce sites, without detection for long periods, and steal personal and financial information.Fitbit Inc. launched a new smart watch, Fitbit Versa 2, …
Read More »CardX Raises $2 Million and other Digital Transactions News briefs from 8/27/19
CardX LLC, which specializes in credit-card surcharging programs, said it secured $2 million in funding through Pace Financial Group. This brings CardX’s total capital raised to date to $8.62 million.Payments-automation provider AvidXchange agreed to acquire BankTEL Systems, which offers accounting technology to banks. With the deal, BankTEL will link clients to AvidXchange’s AvidPay network …
Read More »Shift4’s New Tableside Device and other Digital Transactions News briefs from 8/26/19
Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …
Read More »Wisconsin May Consider Requiring Cash Acceptance and other Digital Transactions News briefs from 8/23/19
Despite very few stores in Wisconsin refusing to accept cash payments, a member of the state Assembly recently introduced a bill that would require merchants to accept cash for face-to-face purchases, the Milwaukee Journal-Sentinel reported. The bill would impose fines of $200 up to $5,000 for violations. Similar proposals have passed or are pending in …
Read More »Bank App with P2P Payments Debuts and other Digital Transactions News briefs from 8/22/19
N26 Inc., the U.S. unit of German bank N26 GmbH, launched its mobile-banking app that includes MoneyBeam, a person-to-person payment service between N26 bank customers. Accounts also include a Visa debit card.Merchant processor Net Element Inc. said its Unified Payments subsidiary is providing Internet of Things payment services in the property-management market …
Read More »CannaTrac Inks Payments Deal With Distributor and other Digital Transactions News briefs from 8/21/19
CannaTrac Technology Inc., a cashless payment provider to the cannabis industry under the CannaCard brand, announced a letter of intent with an unnamed cannabidiol distributor to create an online-payment service using the CannaCard platform. CannaTrac said the distributor’s clients currently generate $80 million in annual revenue and will use CannaCard …
Read More »Scansource To Divest Global Units and other Digital Transactions News briefs from 8/20/19
Point-of-sale equipment maker Scansource Inc. announced it will divest distribution businesses in Europe, the United Kingdom, Colombia, Chile, and Peru, as well as its Miami-based export operation, as part of a strategic repositioning. The businesses totaled $623 million in net sales in fiscal 2019.Apple Inc. said its Apple Card is now open to all U.S. …
Read More »Rite Aid Picks BAMS for Processing and other Digital Transactions News briefs from 8/19/19
Rite Aid Corp. selected Bank of America Merchant Services to process transactions at its 2,400 stores nationwide and on its Web site. BAMS processes under an agreement with First Data Corp., now part of Fiserv Inc., though the companies announced July 30 the collaboration will end next year.The 7-Eleven Inc. convenience-store chain has launched in …
Read More »Cash Still Popular for Low-Value Transactions and other Digital Transactions News briefs from 8/16/19
A CreditCards.com poll found that 49% of U.S. adults usually pay with cash for transactions of less than $10. Thirty-five percent use debit cards and 16% use credit cards. The survey canvassed more than 2,500 adults in July.Eighty-two percent each of Generation X consumers and Baby Boomers buy in-store at least monthly, Blackhawk …
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