Financial-services processor Fiserv Inc. announced it has acquired real-time payments provider Dovetail Group Ltd. Terms were not announced. Payments provider Spectrum Payments said it joined the National Rural Health Association as a pipeline partner, enabling it to offer merchant services to association members. Blockchain technology firm BTCS Inc. said it has signed a non-binding letter of intent …
Read More »P20 Group Seeks Worldwide Payments Sway and other Digital Transactions News briefs
A global payments initiative called P20 will convene its first meeting Oct. 10 in London. Government officials and regulators from the United Kingdom and the United States are expected to attend, along with 20 payments-industry leaders. The conference is intended to promote the importance of payments and financial technology to …
Read More »Net Element Adds Bot-Payments Support and other Digital Transactions News briefs
Merchant processor and payments-technology provider Cayan has achieved EMV chip card certification with processor Worldpay US, adding to EMV certifications with Chase, Vantiv, First Data, and Elavon. Worldpay’s parent, Worldpay Group plc, will be acquired by Vantiv in a $12 billion deal expected to close early next year. Merchant processor Net Element Inc. said its PayOnline …
Read More »SWIFT in U.S. Faster Payments Offer and other Digital Transactions News briefs
The international financial-messaging service SWIFT is set to offer a gateway for U.S. financial institutions to link to a real-time payments facility offered by The Clearing House, a payments company owned by major U.S. banks. Team One Credit Union, a Michigan financial institution, has added Bukoski Agency, a fuel retailer, to its …
Read More »Struggling to Counter Cybersecurity Threats and other Digital Transactions News briefs
Merchant-payments provider iPayment Inc. is getting into the burgeoning merchant cash-advance business with iPayment Capital, a new unit expected to come online in the fall. Headed by former Bizfi executive Tomo Matsuo, the unit will initially focus on the funding needs of iPayment’s 137,000 merchants. IT security professionals are struggling to respond to cybersecurity …
Read More »An ISO’s POS Software Integration and other Digital Transactions News briefs
Factor4 LLC, which offers a white-label gift card and loyalty solution to independent sales organizations and small businesses, has integrated its platform with Click a Waiter Inc., an online-ordering service for restaurants. Payments provider Merchant Consulting Group Inc. announced its payments service will be integrated into Parkloco’s parking-focused software. Processor JetPay Corp. said second-quarter …
Read More »Consumer Credits Hits Record and other Digital Transactions News briefs
Consumer revolving credit outstandings, most of which are credit card debt, hit a record $1.02 trillion in June, the Federal Reserve reported this week. The new high is 0.1% higher than the old record set in April 2008, just as the financial crisis of 2008-09 was gathering steam. Relying on leaked …
Read More »ISO To Resell CardFlight Card Reader and other Digital Transactions News briefs
Mobile point-of-sale services provider CardFlight Inc. announced that payments provider Central Payment will offer CardFlight’s SwipeSimple mPOS reader to merchants. Fidelity National Information Services Inc. (FIS) said home-improvement retailer Lowe’s will use FIS’s BizNOW prepaid service—labeled as Lowe’s PreLoad—to enable contractors to automate their purchasing activities, eliminating the need for their employees to …
Read More »Less Cash Use Triggers ATM Contract Re-Bid and other Digital Transactions News briefs
Declining use of cash at Atlanta’s Hartsfield-Jackson International Airport has prompted the Atlanta City Council to re-bid a contract for banking services at the world’s busiest airport after only one bank, SunTrust, responded to the original proposal, the Atlanta Journal-Constitution reported. The incumbent, Wells Fargo, claims ATM revenues have declined and that its …
Read More »Wells Fargo Merchant Services Sued and other Digital Transactions News briefs
Worldpay has asked for second extension, this time to Aug. 11 after a first one to Aug. 8, of a British regulatory deadline as Worldpay and Vantiv Inc. executives put the finishing touches on Vantiv’s proposed $9.9 billion buyout offer for the London-based merchant acquirer. Reuters reported that the companies expect to announce a final …
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