Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor Cayan has acquired Dallas-based Card Payment Services LLC, which processes more than $700 million annually for the waste-disposal industry. Terms were not announced.
• Beanstream, a Canada-based payments provider that operated in the United States as Beanstream USA, has adopted its parent company’s name—Bambora—and will now will act as the company’s North American hub, Bambora said. Bambora said it wants to add 10,000 merchants as clients this year. Bambora purchased Beanstream in 2015 from Digital River Inc.
• First Data Corp. introduced Clover Flex, a smart terminal that can be handheld or rest on the countertop and processes EMV, near-field communication, and mag-stripe transactions as well as handling PIN entry. Chip card transactions take less than three seconds. The device is the first PCI PTS 5.0 certified smart terminal on the market, according to First Data.
• More than 42% of consumers would leave their financial institutions after a false decline, according to a multigenerational survey of almost 1,100 consumers by iovation, a company specializing in device authentication, and Aite Group.
• Payments provider Sterling Payment Technologies said its payments services are now available to users of Biztracker POS, a developer of retail management systems.
• ACI Worldwide Inc. said its point-to-point encryption service was certified as meeting the PCI P2PE Solution standard managed by the PCI Security Standards Council.
• Bluefin Payment Systems announced that its point-to-point encryption products are now available to merchants using BridgePay Network Solutions, a payment gateway.
• Visa Inc. has worked with Cambia Health Solutions to allow patients to be reimbursed more quickly on health-insurance claims through Visa Direct, a service that processes payments directly to consumers’ debit cards.
