Restaurant-services specialist LevelUp is being sold to Grubhub Inc. for $390 million. Announced Wednesday, the deal weds Boston-based LevelUp, with its expertise in digital ordering, payment, and loyalty, with Grubhub’s online and mobile food-ordering services. Chicago-based Grubhub also owns the Seamless, Eat24, AllMenus, and MenuPages brands. The deal is an …
Read More »An Integrated Payments Strategy Is Paying Off for TSYS
An integrated payments strategy appears to be paying off for processor Total System Services Inc. (TSYS). The Columbus, Ga.-based company says it signed 45 new integrated payments partners in the second quarter. “Coupled with a strong pipeline of software providers across a diverse set of verticals, we believe this high-growth …
Read More »eBay Adds Apple Pay Acceptance And Square Capital As It Unwinds Its PayPal Connection
Marketplace giant eBay Inc. will add Apple Pay acceptance for consumers and access to merchant funding via Square Inc.’s Square Capital this fall as the San Jose, Calif.-based company works on managing its own payments system. EBay is disengaging from payment services provided by PayPal Holdings Inc. In January, PayPal …
Read More »Blockchain Startup MakeCents Tests a Payments Platform It Says Bypasses Networks
With hopes of providing merchants with a lower-cost network to make and accept electronic payments, startup MakeCents announced Friday a test of its blockchain-based platform. New York City-based MakeCents says its decentralized platform is designed to “disrupt the $420 trillion global payments infrastructure by leveraging its blockchain technology to connect …
Read More »Walmart Shoppers More Likely To Use Apple Pay In Walmart Than Walmart Pay
Walmart Inc. shoppers apparently aren’t as loyal to the giant retailer’s own mobile-payment service as they are to Apple Inc.’s Apple Pay. That’s one takeaway from the latest Mobile Pay Tracker from Auriemma Consulting Group. New York City-based ACG found that Walmart shoppers who use Apple Pay and have a …
Read More »To Fight Skimming, a Major Credit Union Servicer Adds a Cardless ATM Program
The days of dipping a card into an ATM to withdraw cash may not be as frequent for even more consumers with the announcement Wednesday that Co-Op Financial Services launched its Cardless Cash Access service. Rancho Cucamonga, Calif.-based Co-Op, a credit-union service organization, says the service can be used on …
Read More »PPRO Raises $50 Million in an Expansion Bid
Cross-border payment specialist PPRO Group raised $50 million in a funding round led by PayPal Holdings Inc., Citi Ventures, and HPE Growth Capital, the London-based company announced Monday. The funds will be used to expand internationally, including the United States, where it opened an Atlanta office earlier this year. PPRO …
Read More »Ease in Payments And Ordering Are Central to Restaurant Success, a Survey Finds
What do diners want most when they go out to eat? Apparently, easy ordering and payment. That’s the big takeaway in the “Restaurant Digital Crossroads: The Race to Meet Guest Expectations” report released Thursday. Hassle-free ordering and payment are especially important to younger consumers, defined as those between 18 and 37 …
Read More »What’s the Cost of a Data Breach? About $233 Per Person, a Report Finds
Maybe being number one in something isn’t always all it’s cracked up to be. For instance, the United States leads the world in the per capita cost—$233—of a data breach, finds the “2018 Cost of a Data Breach Study: Global Overview,” released Wednesday. That figure bests Canada, at $202 per …
Read More »NFC-Equipped POS Terminals Will Reach 112.3 Million by 2022, a Forecast Predicts
Expect more point-of-sale terminals equipped with near-field communication capability over the next four years as the market is forecasted to grow at a 15.6% compound annual growth rate through 2022, says Berg Insight, a Sweden-based research firm. By the end of 2017, POS terminal makers had shipped an estimated 24.7 …
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