Merchant processor Paysafe launched Paysafe Accelerated Funding, which allows merchants to receive settlement of funds on the same day or next day. The service relies on arrangements the company has made with Ingo Money, a push-payments provider, and Company.com, a business-software aggregator. Vending-payments specialist PayRange Inc. launched PayRange Air, a …
Read More »Xoom Makes Oxxo Pact and other Digital Transactions News briefs from 9/7/18
Xoom, PayPal Holdings Inc.’s international money-transfer service, said it has a pact with processor TransNetwork Corp. through which it will add 17,000 more cash pick-up locations in Mexico at Oxxo, the country’s largest convenience-store chain. Xoom said it is the first online-only remittance provider to partner with Oxxo. In related …
Read More »Ingenico In Toshiba POS Deal and other Digital Transactions News briefs from 9/6/18
TableSafe Inc., a provider of tabletop point-of-sale devices, has certified its RAIL platform for EMV chip cards with processor First Data Corp. Ingenico Group announced Toshiba Global Commerce Solutions is offering Ingenico’s payments-acceptance technology and services from its Telium Tetra platform to Toshiba’s existing and prospective customers. Merchants also can use …
Read More »Global Payments Completes Its AdvancedMD Acquisition and other Digital Transactions News briefs from 9/5/18
The Electronic Transactions Association launched the ETA Self-Regulation Program, which aims to improve security and reduce risk in the payments industry by identifying and acknowledging underwriters via an attestation process. Merchant processor Global Payments Inc. completed its previously announced $700 million acquisition of medical software provider AdvancedMD. Payments provider CCBill …
Read More »Allied Wallet Releases Gateway API Tools and other Digital Transactions News briefs from 9/4/18
Yardi, a payment service for property managers, introduced a feature in its Yardi Bill Pay service that lets managers make payments using single-use Mastercard virtual card numbers issued by Fifth Third Bank. Allied Wallet released what it said are new open application programming interface tools for its payment gateway, NextGen. …
Read More »Mangum Leaving Global Payments and other Digital Transactions News briefs from 8/31/18
Processor Global Payments Inc. announced its president and chief operating officer, David Mangum, plans to leave. No details were immediately available about why or when Mangum will depart. Chief executive Jeff Sloan and Cameron Bready, senior executive vice president and chief financial officer, have extended their employment agreements through August …
Read More »Square Reader Adds Lightning Connection and other Digital Transactions News briefs from 8/30/18
ControlScan said its SecureEdge platform now offers PCI Data Security Essentials, a service that enables payments providers to offer a more user-friendly alternative to the traditional PCI Self-Assessment Questionnaire to small businesses. Square Inc. released two ways to accept card payments, one via a computer and another using the Lightning …
Read More »3.1 Million Merchants Accept Chip Cards and other Digital Transactions News briefs from 8/29/18
In its latest update about the U.S. conversion from magnetic-stripe to EMV chip cards, Visa Inc. said more than 3.1 million merchant locations accepted chip cards as of June versus only 392,000 in September 2015. The number of Visa chip cards increased 214% in that time to 499.7 million. Some …
Read More »Processor Provides Prepaid Services and other Digital Transactions News briefs from 8/28/18
Merchant processor Payment Data Systems Inc. said its FiCentive prepaid card subsidiary will provide program management and processing and develop Web and mobile applications for University Fancards, which offers university-branded gift and reloadable prepaid cards. Speedpay Inc., Western Union’s bill-payment unit, has adopted a customer-guidance tool based on artificial intelligence …
Read More »Worldnet TPS Launches EMV Service and other Digital Transactions News briefs from 8/27/18
Worldnet TPS Ltd. launched GoChipNow, a service for virtual-terminal merchants to convert to EMV chip card acceptance. VSoft Corp., which specializes in information-technology products for financial institutions, said it will integrate a payment service from Payrailz into its digital banking platform. Total investment in startups specializing in artificial intelligence, an …
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