Tuesday , November 26, 2024

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

As EMV Comes to the U.S. Market, Canada’s NBS Buys Terminal Maker Equinox

Equinox Payments LLC has a new owner. In a bid to strengthen its hand in the market for EMV gear in the United States, NBS Payment Solutions Inc. announced late Thursday it bought the Scottsdale, Ariz.-based payment-terminal maker for an undisclosed amount from the private-equity investment firm Gores Group LLC. …

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Paydiant Expects Another Big Retailer To Debut Its Mobile Payment App Soon

Another large retailer, with as many as 100,000 locations, will begin using a mobile payments app developed by Paydiant Inc. within the next few weeks, Jed Rice, senior vice president of business development, told attendees at the Northeast Acquirers Association conference last week in West Dover, Vt. n He also …

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ISOs and Acquirers Advised Against Waiting To Make Their EMV Migration Moves

  With 20 months to go until a major liability shift associated with the migration of the U.S. payment system to chip card, independent sales organizations and acquirers should not wait to get themselves and their merchants ready for the October 2015 deadline, advised Leland S. Englebardt, group head of …

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PayPros Deal Supports Global’s Strategy, But Not at Expense of ISOs, Company Says

  Global Payments Inc.’s $420 million deal to buy integrated payments-software maker Payment Processing Inc., or PayPros, is furthering its strategy as the payment processor looks to grow its direct sales, says a Global Payments spokeswoman. Atlanta-based Global Payments announced the deal Friday to buy the Newark, Calif.-based PayPros, which …

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As WePay Shutters Its Hosted Checkout, A Rival Seeks to Sign up Disappointed Merchants

At least one competitor of payment-service provider WePay Inc. is working to take advantage of WePay’s decision to cease providing a hosted checkout service for online merchants. 2Checkout.com Inc., Columbus, Ohio, this week began wooing merchants that may want to stay with a hosted checkout service rather than use the …

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Twitter Getting Serious About Payments and Commerce? It Might Be

  Social media network Twitter Inc. may be on the verge of enabling full-fledged commerce, and payments, for the more than 230 million monthly active users of the service, according to a report on Re/code, a technology news site. In it, Re/code says Twitter is nearing a deal with Stripe, …

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Global Gateway Adyen Sees $14 Billion in 2013 Transactions, Up 40% from 2012

Global payment gateway provider Adyen processed more than $14 billion in global payments in 2013, a 40% increase from $10 billion in 2012, the company recently announced. n Mobile transactions in particular are growing for the Amsterdam-based company, and taking a larger share of overall transactions. Mobile payments accounted for …

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Aiming at Larger Enterprises, Roam Debuts a Centralized Management Tool for Mobile POS

U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …

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Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments

Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …

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Sequoia Promises Mobile Payments at Card-Present Rates, With No NFC or Bluetooth

A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n Using technology already inside smart phones, the app then creates an encrypted radio wave that is picked up by the Sequoia receiver attached to the payment terminal. That device creates …

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