Wednesday , November 27, 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.

First New York Transit, Then Everywhere Else for U.S. Contactless Push

As New York’s Metropolitan Transportation Authority inaugurates contactless payment for fares Friday, major card brands are intensely marketing the tap-and-pay service. Mastercard Inc. announced its Fareback Friday program to reward cardholders for paying for their New York subway rides with a contactless Mastercard product. Consumers may be able to get …

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Malware Found in Multiple Checkers And Rally’s Fast-Food Locations

Checkers Drive-In Restaurants Inc. said malware was discovered and removed from its point-of-sale system at some Checkers and Rally’s locations. Checkers said 15% of its nearly 900 locations were affected. The timing of the malware exposure varies, with one Los Angeles location infected from Dec. 17, 2015 to March 26, …

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Klarna Launches a Direct-to-Consumer App With Installment Payments Built in

Klarna, the installment-payment specialist, has released an app that enables consumers to shop a variety of merchants and pay with Klarna without leaving the app. Announced Tuesday, the Klarna app presents the retailer’s site with a footer containing a Pay with Klarna button. When selecting that option, the shopper can pay …

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Another Major Deal Could Be on the Horizon As News Emerges of TSYS-Global Payments Talks

A potential merger, joint venture, or partnership may be in the offing for Global Payments Inc. and Total System Services Inc. (TSYS). The two merchant-processing powerhouses have held preliminary discussions about a combination of some sort, according to a report late Thursday by Bloomberg.com. In addition to traditional merchant processing, …

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Among Businesses, A Wider Array of Payouts to Consumers Is Gaining Attention

Consumer-payments services are starting to garner attention among businesses, with 76% of banks having corporate customers asking for automated business-to-consumer payment services. That’s the word from Bottomline Technologies Inc. in its 2019 B2B Payments and Working Capital Management Strategies Survey, released this week. The survey of more than 300 financial …

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Eye on Ride Share: Uber Picks Adyen’s 3-D Secure; Lyft Debuts Mastercard Card for Drivers

Processor Adyen N.V. said ride-share service Uber will use Adyen’s 3-D Secure service online and in-app. 3-D Secure is an online authentication standard that, now in its second iteration, uses multiple bits of data to verify elements of a transaction. Unlike the first version, 3-D Secure 2 aims to be …

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NCR Says Its Integration of Processor JetPay Into Its POS Systems on Track

Integration of JetPay, the processor NCR Corp. bought for $184 million in 2018, into NCR’s point-of-sale systems will be more broadly available in the second half of 2019, NCR said Tuesday. NCR intended to marry JetPay with its POS systems, including NCR Silver and Aloha, in an effort to offer …

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Under One Roof, Nxgen And Payscape Eye Expansion And Acquisitions

Payments providers Nxgen International and Payscape have come under one roof in a deal valued at $124 million and aided by investor Parthenon Capital Partners, the companies announced late last week. That will provide the impetus for both companies, whose brands will continue, to focus on expansion through organic growth …

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Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments

The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …

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Fiserv’s First Data Deal Remains on Track Despite Justice Request

Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …

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