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.

Francisco Partners Closes on Its $3.4 Billion Verifone Deal

As of Monday, point-of-sale terminal maker Verifone Systems Inc. once again is a privately-held company. Announced in April, the $3.4 billion deal also sees Michael Pulli, former chief executive of Pace plc, step into the same role at San Jose, Calif.-based Verifone, replacing Paul Galant, who became CEO in 2013. Galant …

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Glance Pay Links With Brewhound To Help Consumers Find Glance Pay Venues

Glance Technologies Inc., developer of mobile-payment service Glance Pay, announced a cross-licensing and cobranding agreement with Brewhound Inc., maker of the restaurant and bar locator The Happy Hour App. The dual integration means consumers using Brewhound’s app in the Vancouver, British Columbia, area can locate venues that accept Glance Pay, while …

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Priority Buys POS Software Makers and other Digital Transactions News briefs from 8/20/18

Priority Technology Holdings Inc., the new corporate name for Priority Payment Systems following a deal with M I Acquisitions Inc., announced the acquisition of RadPad and Landlord Station, business software for landlords. Just a day after the FBI warned bankers about a looming malware scheme to make ATMs dispense cash …

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Change at Payment Alliance International As Three Top Execs, Including Two Cofounders, Exit

Payment Alliance International, the Louisville, Ky.-based ATM operator, is in the midst of a strategic shift, one that has seen three top executives resign from the firm. John J. Leehy III, president and chief executive, Greg Sahrmann, executive vice president and chief operating officer, and Donna Embry, chief payments advisor, …

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Poll: Most Financial-Services Professionals Expect Little Relief From Payments Fraud

Don’t look for many optimists in the payments industry when it comes to a future with less fraud. Fully 84% of those surveyed by TD Bank say payments fraud will become a bigger threat over the next one to two years. Released Tuesday, the survey, conducted this spring at the …

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A POS System Provider Lands a Cannabis POS Deal

Point-of-sale system provider POSaBIT Inc. announced nine stores of the Starbuds recreational marijuana-dispensary chain will use its POS system. Though POSaBIT, in its press release, did not disclose specifically which payments Starbuds will accept via the POS system, its Web site lists debit card and cryptocurrency acceptance as alternatives to …

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Apple Pay Use Increases With A Lot of Growth Internationally in Users And Transactions

More than 252 million iPhone owners globally use Apple Pay, a figure that equates to 31% of the active iPhone base, says Loup Ventures, a Minneapolis-based venture-capital firm. A year ago, the figure was 25%. That growth mostly is coming from international consumers, who Loup Ventures says account for 85% …

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CPI Card Group’s Results Improve Amid Double-Digit Prepaid Card Revenue Growth

Payment-card maker CPI Card Group said Thursday that new sales from an existing customer boosted its U.S. prepaid debit card revenue 26% in the second quarter. Littleton, Colo.-based CPI also reported that sold its United Kingdom business to private-investment firm SEA Equity for $4.5 million. With revenue of $15.4 million …

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Apple Pay on Top of Consumer Reports’ Mobile P2P Assessment

With a focus on data privacy and security, a review of five mobile person-to-person payment services places Apple Pay at the top, Consumer Reports says. Released Monday, the report from the product-review magazine evaluated Apple Inc.’s Apple Pay, PayPal Holdings Inc.’s Venmo, Square Inc.’s Cash app; Facebook Inc.’s Messenger, and Early …

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Cash Favoritism Still Benefits Cardtronics, Especially in the Wake of Payment-Network Failures

Cardtronics plc may have been one of the few companies to benefit from Visa Inc.’s June 1 outage in Europe. It notched a record high volume in the United Kingdom, Edward H. West, Cardtronics chief executive and director, told analysts during a conference call Thursday to discuss the ATM deployer’s …

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