Mobile remote deposit capture software provider Mitek Systems Inc. reported that chief financial officer Jeffrey C. Davison, who in August said he would resign effective Nov. 30, has changed his mind and won’t quit. Mitek’s board of directors accepted the rescission. Long-time chief executive Jim DeBello recently left and has …
Read More »Secret Service Targets Skimmers on Fuel Pumps and other Digital Transactions News briefs from 11/26/18
Worldpay Inc. and Paysafe Group announced a partnership to establish a payments platform for the U.S. online-gaming and sports-betting sector. The U.S. Secret Service lit up Operation Deep Impact last week in a nationwide initiative to find and remove credit and debit card skimming devices on fuel pumps. Following a …
Read More »Pineapple Payments Links With Software Vendor and other Digital Transactions News briefs from 11/21/18
Processor Pineapple Payments said it is offering merchant services on the platform of OnPay Solutions, a provider of accounts-payable and accounts-receivable automation services for businesses. First Data Corp. launched its Clover Mini and Clover Flex smart point-of-sale terminals in Argentina. Elo, a bank-owned payment network in Brazil, agreed to work with …
Read More »Citi Payment Insights Expands and other Digital Transactions News briefs from 11/19/18
Mene Inc., an online jewelry merchant, agreed to use a real-time consumer-credit program from Affirm Inc., a payments and lending platform. Citigroup Inc.’s treasury and trade solutions unit said it extended its Citi Payment Insights service to 20 new markets, bringing to 70 the number of global markets where the …
Read More »SignaPay’s Cash Discount App for Agents and other Digital Transactions News briefs from 11/16/18
Payments provider SignaPay released a mobile app for Apple and Android devices called PayLo Mobile Sales to help sales agents selling the PayLo Cash Discount product. Installment-payments provider Sezzle said it raised $100 million in funding from Bastion Capital. Since launching the service more than a year ago, Sezzle says …
Read More »AmEx Launches Virtual Payment Service and other Digital Transactions News briefs from 11/15/18
Boosted by its 2017 acquisition of Singular Payments, merchant processor Payment Data Systems Inc. said its credit card transactions rose 109% year-over-year in the third quarter and dollar volume rose 112%. Revenues increased 80% to $6.47 million from $3.59 million in 2017’s third quarter. The company reported a net loss of …
Read More »Sionic Mobile Announces Single Account Service and other Digital Transactions News briefs from 11/14/18
Sionic Mobile, a provider of payment and rewards technology, announced a single account through which users can pay a range of providers through mobile devices or in-car commerce. Gas Pos, which sells EMV-acceptance services to fuel retailers, announced a $1 million investment from Merus Capital, a venture-capital firm. Bluefin Payment …
Read More »Fed Forms Faster Payments Council and other Digital Transactions News briefs from 11/13/18
The Federal Reserve formally announced the creation of the U.S. Faster Payments Council, an industry organization intended to promote the adoption of secure faster-payment systems through industry collaboration and education. The 22 founding members include payment card networks, banks, Walmart Inc., and automated clearing house network governing body NACHA. The group is …
Read More »JetPay Reports 14% Revenue Increase and other Digital Transactions News briefs from 11/12/18
Addressing doubts among at least some sellers, eBay Inc. seller advocate Jim “Griff” Griffith said sellers “can put [their] consternation aside” regarding the marketplace giant’s new managed-payments program, which will not include traditional eBay payment method PayPal until next year. Online payments provider Stripe Inc. agreed to use Visa Inc.’s push-payment …
Read More »Most—73%—Will Shop in Stores This Holiday Season and other Digital Transactions News briefs from 11/9/18
A survey of 1,000 U.S. adults found 73% will shop at a store for gifts this holiday season, but 13% will also use a virtual assistant, such as Siri or Alexa. Some 57% will use a computer and 42% a mobile device, according to the poll, conducted by merchant processor …
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