By Kevin Woodward@DTPaymentNews One-third of the payments that consumers made using Pay with Amazon in 2016 were on a mobile device, e-commerce giant Amazon.com Inc. revealed Tuesday. Pay with Amazon enables consumers to use their Amazon wallets to pay for merchandise on other retailer’s Web sites. In a rare release …
Read More »• Processor Fidelity National Information Services Inc. (FIS) reported its revenue grew 30.4% in the fourth quarter ended Dec. 31, to $2.4 billion, from $1.9 billion in the same quarter a year earlier. Net earnings from continuing operations increased to $207 million from $105 million. For the year, revenue jumped 40.1%, to …
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The cofounders of Revel Systems, an early maker of iPad-based point-of-sale systems, have left the company following a fresh investment by private-equity firm Welsh, Carson, Anderson & Stowe, which has long been active in the payments industry. The press release from Welsh does not say why cofounders Lisa Falzone, who …
Read More »• Payment gateway USAePay launched a browser-based EMV application the enables merchants to accept credit and debit chip card payments. • Pizza Inn has launched a rewards app offering points to customers who order through the company’s Web site. The app was developed by marketing-services firm Punchh. • Sweden-based e-commerce-payments provider Klarna said it is buying …
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By John Stewart @DTPaymentNews Bitcoin may be commanding higher prices these days, but the flow of investment cash pouring into Bitcoin and blockchain startups is slowing down. Global funding totaled $550 million last year, up just 5% from 2015, while the number of deals slipped from 161 to 132, according …
Read More »• President Donald Trump is poised Friday to order a review of the Dodd-Frank Act, which in addition to creating new bank regulations established the Consumer Financial Protection Bureau and the Durbin Amendment on debit interchange, The Washington Post reported. • Some observers believe fear of President Donald Trump’s plan to finance his proposed Mexican border …
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By Jim Daly@DTPaymentNews As the new chief executive of Visa Inc., a company that is still digesting its former European franchisee, Alfred Kelly has had a busy couple of months. Since taking charge from former CEO Charles W. Scharf in December, Kelly has stopped by 12 Visa offices globally, met …
Read More »• Merchant processor CardConnect Corp. unveiled a new release of its CardPoint Mobile app for smart phones and tablets that includes a feature called Catalog that allows businesses to label, price, discount, and categorize their products and services in one place. • Point-of-sale terminal maker Equinox Payments announced that POS-equipment distributor POSDATA added the …
Read More »It was only a matter of time before the 120-year-old automobile became a payments device. At the 2017 CES, a consumer electronics exhibition in Las Vegas, American Honda Motor Co. Inc. early last month demonstrated an in-vehicle payments system for parking and paying for fuel. Honda held the demonstration in …
Read More »• Processor Vantiv Inc. reported its Merchant Services unit increased net revenue in the quarter ended Dec. 31 14% to $412 million from $363 million in the year-ago quarter on a 13% rise in transactions and 1% increase in net revenue per transaction. For all of 2016, Merchant Services’ net revenue jumped …
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