Enabling account access and payments between different platforms is the task of application program interfaces, a bit of software code that thousands of payments companies rely on. Dubbed APIs, the technology is vital to the connected payments experience consumers desire and companies want to provide. Criminals, too, desire access to …
Read More »ParkMobile’s 18 Million Users and other Digital Transactions News briefs from 2/19/20
ParkMobile LLC, a provider of mobile parking payments, said it has reached 18 million users after a 110% two-year growth rate. It also said it has appointed John Brown chief operations officer. Brown previously held executive positions at Clutch Technologies, Cardlytics, and Fiserv Inc.Payment card provider CPI Card Group Inc. announced its …
Read More »Fiserv Tests PIN-on-Mobile and other Digital Transactions News briefs from 2/18/20
Fiserv Inc. said its First Data unit is piloting PIN-on-mobile technology in Poland, with plans to expand the program to the rest of Europe, the Middle East, Africa, and the Asia-Pacific region. The technology, which allows merchants to accept PINs on off-the-shelf mobile devices, was developed in collaboration with Visa Inc., Samsung Electronics …
Read More »Checks’ Last Bastions Include Older Consumers, Businesses, and Bill Payments
The decline of checks over recent decades is a well-known story, but there were still 14.5 billion check payments in 2018, according to Federal Reserve research. So just who’s still writing checks, and for what kinds of payments? “All things being equal, older, low-income, non-minority group members are more likely …
Read More »Ingenico Names New North America Executive and other Digital Transactions News briefs from 2/14/20
Ingenico Group S.A. named Peter Stewart executive vice president of Ingenico North America. Stewart has more than 25 years of experience in the technology industry. A specialist in point-of-sale equipment and processing, Ingenico Group has agreed to be acquired by processor Worldline S.A. in an $8.6 billion deal.CHR Corp., which does business under …
Read More »WEX’s Benefits and Corporate-Services Units Growing Faster Than Fleet Services
Best known for its big fleet-fueling card business, WEX Inc. lately is getting stronger growth from its two other segments, health-care and employee benefits and corporate and travel services. WEX reported Thursday that total fourth-quarter purchase volume grew 8.4% to $20.1 billion from $18.5 billion a year earlier. Portland, Maine-based …
Read More »With Expanded Merchant Business Thanks to Worldpay, FIS Seeks to Exploit Its Acquiring Chops
When Fidelity National Information Services Inc. closed on its $43 billion acquisition of Worldpay Inc. last summer, the payments industry knew the massive deal would boost FIS instantly into the top ranks of global merchant processors. On Thursday, the company let the world know just how big its position in …
Read More »WooCommerce Adds CBD-Specific Features and other Digital Transactions News briefs from 2/13/20
E-commerce platform WooCommerce said it is offering CBD-selling merchants new services for monitoring security issues, printing shipping labels, and automatic tax calculation.Acadia POS and merchant-services provider GCG Consulting Inc. said they handled nearly 50,000 transactions on 77 PAX Technology point-of-sale devices at the recent Waste Management Phoenix Open.Business-payments firm Biller Genie said its clients are …
Read More »The New Global Payments Looks to Value to Offset Impending Visa Rate Changes
News of impending interchange-rate revisions from Visa Inc. may have roiled the payments industry, but for processing giants like Global Payments Inc., the impact will simply be business as usual. Top Global executives made that point crystal clear Wednesday. “We see these [rate changes] all the time. We have to accommodate …
Read More »PayPal Funds Firearms Payments Research and other Digital Transactions News briefs from 2/12/20
PayPal Holdings Inc. said it and the Center on Crime and Community Resilience at Northeastern University, along with the University of Chicago Crime Lab, formed a research project to examine payment methods used to finance illegally-sourced firearms with the goal of combatting the illegal sale of guns.Processor Fiserv Inc. announced its “Scan to …
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