April 23, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Transaction Processing
Payments provider Moneris Solutions Corp. launched Moneris Core, software that will run its new Verifone and Ingenico countertop devices. Point-of-sale software developer SpectrumSoft Inc. selected Electronic Payments and its TableTurn restaurant-management platform as a preferred vendor for payment-processing services. Business-to-business e-commerce payments provider Resolve Corp. announced that it has spun …
Read More »
April 22, 2019
Acquiring, Credit Cards, Debit Cards, Issuing/Originating, Mobile Wallets, Near-Field Communication (NFC), Radio Frequency Technology, Smart Cards, Transaction Processing
The surprising revelation by J.C. Penney Co. Inc. over the weekend that it had ceased acceptance of contactless payments unmasked the little-noticed ability of contactless mobile wallets to work with point-of-sale technology that far predates them but which Visa Inc. wants banished. The blend of old and new has worked …
Read More »
April 22, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Mobile Wallets, Near-Field Communication (NFC), Transaction Processing
Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The move appears to involve a Visa Inc. contactless rule that took effect this month that may have broader implications for U.S. retailers. The confirmation came in a tweet …
Read More »
April 22, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mobile Wallets, Near-Field Communication (NFC), Transaction Processing, Vending
Apriva LLC, a payments provider for unattended retail, said its network will support the viv mobile-payments app from Vagabond, allowing college students to use virtual campus cards for vending-machine purchases. In related news, Apriva said it will support mobile payments for AveriGo LLC, a software provider for the vending and …
Read More »
April 19, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Wallets, Person-to-Person Payments, Transaction Processing, Vending
Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …
Read More »
April 18, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Person-to-Person Payments, Transaction Processing
American Express Co. reported first-quarter U.S. card-billed business of $195.5 billion, up 7% year-over-year. International volume slipped 1% to $100.2 billion, bringing AmEx’s total billed business to $295.7 billion, a 4% increase from $283.8 billion a year earlier. Discount revenue rose 5% to $6.2 billion. AmEx said its average worldwide …
Read More »
April 17, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Mergers & Acquisitions, Transaction Processing
In advance of a key European regulation taking effect late this summer, San Francisco-based payments provider Stripe Inc. has acquired Touchtech Payments, a developer of authentication software. Terms of the deal, announced Wednesday, were not disclosed. Founded in 2014, Dublin-based Touchtech specializes in code that establishes customer identities for financial …
Read More »
April 17, 2019
Acquiring, Debit Cards, Fraud & Security, Law and Regulation, Transaction Processing
A federal judge has banned payments provider Priority Payout Corp. and its owner Thomas Wells from ever directly or indirectly working in the payment-processing industry following a violation of a 2009 settlement with the Federal Trade Commission. Announced last week, the ban, ordered by U.S. District Court Judge James C. …
Read More »
April 17, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Transaction Processing
Mobile-authentication technology provider Payfone Inc. raised $24 million in a funding round led by credit-reporting agency TransUnion with participation from previous investor Synchrony Financial and two institutional investors. TransUnion said it will integrate Payfone’s Trust Platform and Trust Score with its identity products, and become Payfone’s primary partner for regulated …
Read More »
April 16, 2019
Acquiring, Competitive Strategies, Marketing, Pricing, Transaction Processing
CardFlight Inc. is adding point-of-sale terminals to its roster of SwipeSimple-compatible products with the launch Tuesday of SwipeSimple Terminal. This puts the SwipeSimple POS software on more devices in addition to tablets, personal computers, and mobile devices. More than 50,000 merchants currently use SwipeSimple, CardFlight says. SwipeSimple Terminal initially is …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
