Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …
Read More »ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18
Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …
Read More »ATM Surcharges Rise Again, but Foreign Fees Ease
The average ATM surcharge increased this year for the 14th year in a row, but ATM foreign fees eased a bit, according to Bankrate Inc.’s latest annual study of ATM and checking account fees. New York City-based Bankrate says the average surcharge is now $3.02, up 5 cents, or 1.7%, …
Read More »Eye on ATMs: Visa Will Lift Dynamic Currency Conversion Restriction at ATMs, Euronet Says; New PAI Leadership
In what may be a boon for ATMs, Visa Inc. will allow dynamic currency conversion for consumers using international ATMs beginning April 13, 2019, says Euronet Worldwide Inc. The Leawood, Kan.-based processor, which operates more than 41,000 ATMs globally, says the rule change enables acquirers and ATM operators to offer …
Read More »Payscape Signs Referral Deal and other Digital Transactions News briefs from 10/1/18
Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …
Read More »Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets
U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …
Read More »COMMENTARY: A New Coalition Unites Diverse Players to Confront Payments Fraud
When you flip over your debit card or go to an ATM, you see logos for companies like Shazam, First Data’s Star Network and others, but you may not think about the role these processors play in the payments system. As one of those processors, we simplify the connections that …
Read More »Transaction-Processor Stocks Beat the Market Once Again
Boosted by profits that mostly exceeded analysts’ expectations, payments companies in August once again beat the major stock indexes even though the markets themselves performed well, according to a new report from Barrington Research Associates Inc. Chicago-based Barrington said Wednesday that 27 publicly traded electronic-transaction processors it tracks posted a …
Read More »A $650 Million Loan Eases Diebold Nixdorf’s Financial Woes, At Least for Now
Shares of cash-strapped Diebold Nixdorf Inc. jumped 12% Monday morning in the wake of news from the ATM manufacturer and financial and payment software provider that it had secured a commitment for a $650 million loan, easing the liquidity problems that it had encountered in recent weeks. North Canton, Ohio-based …
Read More »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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