Saturday , January 11, 2025

Digital Transactions News staff

NCR Jockeys for POS Position with $1.2 Billion Deal for Radiant Systems

  NCR Corp. bolstered its position at the point of sale this week by announcing a deal to buy Radiant Systems Inc. for $1.2 billion in cash. Alpharetta, Ga.-based Radiant Systems is a specialist in POS software and hardware for various merchant segments, especially the hospitality industry and specialty retailers. …

Read More »

In a Surprising Twist, Reloadable Prepaid Not As Durbin-Proof As Originally Thought

  Reloadable general-purpose prepaid cards, once thought to be largely exempt from the debit card interchange restrictions of the Durbin Amendment, will be covered by that law in more cases now that the Federal Reserve has issued its final rule interpreting the amendment. Some experts see the new rule crimping …

Read More »

With $5 Million Round, Mobibucks Is Latest NFC Alternative to Draw Investors

  While point-of-sale payments using near-field communication (NFC) technology appear to be drawing closer, systems that let consumers make mobile payments in stores without NFC are drawing investor interest. This week, Mobibucks, a Louisville, Ky.-based startup, announced a $5 million Series A funding round led by Acadia Woods Partners. The …

Read More »

Looking Ahead: Fed’s Rule Will Complicate Debit Game for All Players

  n It also raises as many questions as it answers. n He refrained from speculating on what changes might be made, but the panel agreed the Fed’s room for maneuver is constrained by Congress. The Fed’s rule implements the Durbin Amendment to the Dodd-Frank Act, passed by Congress last …

Read More »

As Fed Debit Rule Sinks in, Merchant Class Action Grinds Toward Trial

Now that the Federal Reserve’s new debit card interchange regulations are finally out in the open, the profile of yet another payment card interchange and rules controversy is slowly rising. That’s the raft of merchant antitrust lawsuits pending in U.S. District Court in Brooklyn, N.Y., collectively known as “MDL 1720.” …

Read More »

Visa Will Defend Its PIN-Debit Business in the Post-Durbin World

Visa Inc. is bracing itself to lose some PIN-debit transaction volume in the newly regulated U.S. debit market, but the industry leader says it is ready to meet any challenges from competitors. “I still believe that we’re in a better position to compete in this environment than anyone else,” executive …

Read More »
Digital Transactions