Friday , January 10, 2025

Competitive Strategies

Amazon Go Stores To Accept Cash, Eventually

Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …

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eBay Adds PayPal to Payments Platform and other Digital Transactions News briefs from 4/10/19

EBay Inc. announced Monday that its managed-payments platform, introduced in September, has now added PayPal on top of Google Pay, Apple Pay, and credit, debit, and gift cards. A report Wednesday, however, indicates PayPal availability is limited. A startup called Obligo said it is enabling renters to make so-called move-in …

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Most Full-Service Restaurants Are Frustrated With Their Payments Services, a Survey Finds

Frustration with payments runs high among full-service restaurant operators, so much so that only 20% expressed no frustrations in a new TouchBistro Inc. report released Monday. The other 80% had some issue with their payments services, with many of them, 21%, citing a lack of transparency on pricing. That was …

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ACH Fraud up, Says AFP and other Digital Transactions News briefs from 4/9/19

There has been a “noticeable increase” in fraud on credits and debits on the automated clearing house network, according to the latest “Payments Fraud and Control Survey Report” from the Association for Financial Professionals. Some 33% of responding organizations reported ACH debit fraud in 2018, up from 28% in 2017, …

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A New Refund Policy From PayPal Will Stop Returning Fees to Sellers on Canceled Sales

PayPal Holdings Inc. has posted some important policy changes set to take effect soon, including one that will stop refunding sellers for the commission part of the fee they pay on sales when buyers cancel. Sellers on forums like Reddit have been reacting for at least the last five days …

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i3 Verticals Buys Net Data for $24 Million and other Digital Transactions News briefs from 4/8/19

i3 Verticals Inc. completed its $24 million acquisition of Northeast Texas Data LLC and Graves Humphries Stahl LLC, collectively known as Net Data, which provides software services, including payment acceptance, to municipalities and local government agencies primarily in Texas. Millersville University adopted the ACI student payment portal from ACI Worldwide …

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COMMENTARY: It’s Time We Finally Got a True Picture of Acceptance Costs

A recent Forbes article attempted to refute many of the conclusions of a prior Wall Street Journal article that had illustrated how the card schemes (Visa Inc. and Mastercard Inc.) have dramatically increased their fees in recent years. In response, the Forbes article challenged the Journal article by completely changing …

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Investor Lawsuit Challenges Planned Fiserv-First Data Merger

A First Data Corp. shareholder filed a proposed class-action lawsuit Wednesday challenging the planned acquisition of the payment processor by Fiserv Inc. The $22 billion all-stock merger benefits First Data’s controlling shareholder, the investment firm Kohlberg Kravis Roberts & Co., “to the detriment of the company’s noninsider stockholders,” says the …

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Nxt-ID Closes in on a Spin-Off of Its Fit Pay Payments And Tokenization Unit

Nxt-ID Inc. is getting closer to spinning off its Fit Pay Inc. unit, which markets the contactless-payment technology behind Garmin Pay and Swatch Pay and also this week began shipping a contactless device to allow consumers to spend their Bitcoin holdings at stores. The spin-off, first announced in September, will …

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Cardtronics Add Cardless Cash Feature to 11,000 ATMs and other Digital Transactions New briefs from 4/5/19

Cardtronics plc completed the integration of FIS Cardless Cash into 11,000 ATMs and expects to add 8,000 machines over the next several months. Cardtronics and Fidelity National Information Services Inc. (FIS) announced the integration in 2017. Online lending platform OnDeck said it will begin funding small-business clients with same-day credits …

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