Spectrum Concessions has chosen a mobile-ordering app from Noble Inc. to allow customers at several Spectrum venues to order and pay for food and drinks with a smart phone. The venues include the Hippodrome Theatre in Baltimore, the Long Center in Austin, Texas, and the Hennepin Theatre Trust in Minneapolis. …
Read More »Payments Firms Need To Keep Their Eyes on Regulators And the States, ETA Lobbyist Says
Regulators and the states currently are more active than Congress on issues affecting the payments industry, according to the Electronic Transactions Association’s point person on governmental affairs. The divided Congress probably won’t pass any major payments-related legislation before the 2020 elections, says Scott Talbott, a senior vice president at the …
Read More »While It Merges With FIS, Worldpay Looks to Expansion in Australia And New Zealand
Worldpay Inc. may be embroiled in combining its business with that of Fidelity National Information Services Inc., but that isn’t stopping the huge processor from seeking international expansion. Cincinnati-based Worldpay said on Wednesday it will open two new offices in Australia and has obtained a license to acquire card payments …
Read More »Square Lands Nationals Deal and other Digital Transactions News briefs from 3/27/19
Square Inc. said concession sellers at the Washington Nationals’ ballpark will be equipped with the Square Terminal device to process fans’ food-and-drink orders in their seats. Fans will also be able to use Square’s Caviar app to order food from concession stands. The Major League Baseball season starts Thursday. The …
Read More »Cash Discounts And Surcharging Remain the Hot Topic for ISOs
They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, …
Read More »T-Mobile Enters the Merchant Services Fray With a Branded Reader And TSYS Processing
Merchants will be able to choose merchant services from T-Mobile US Inc. now that the wireless carrier has launched GoPoint, a new product that includes one-price processing and mobile card readers. With processing provided by Total System Services Inc. (TSYS), GoPoint is aimed at small and medium-size businesses. The service …
Read More »Citigroup Building a Payments Unit and other Digital Transactions News briefs from 3/26/19
Citigroup Inc. says its treasury and trade solutions unit is building a capability to allow consumers to make payments to institutions. Payment methods will include cards, e-wallets, and new bank-transfer services such as request to pay and open banking. Chosen Payments said Hudson Software Inc., developer of software for the …
Read More »A Long Apple-Goldman Sachs Effort Yields a Potent New Card, But Questions Linger
Apple Inc. has been working on a payment card product with Goldman Sachs Group Inc. for at least a year, and on Monday the computer company that did much to put mobile payments on the map announced the results of that collaboration. Cobranded with Goldman and running on the Mastercard …
Read More »With Merchant Fees in Sight, a Blockchain-Based Credit Card Promises Lower Acceptance Costs
Thirty-five merchants in the Silicon Valley area are accepting the new Yosemite Card, which caps acceptance fees at 0.3%. The private credit card can do that because it uses blockchain technology to manage transactions. Typical discount rates for network-branded credit cards range from 2% to 3% or more. Palo Alto, …
Read More »Details on Apple/Goldman Card? And other Digital Transactions News briefs from 3/25/19
Apple Inc. on Monday is expected to make several major announcements, possibly including one regarding a credit card it is reportedly developing with Goldman Sachs Group Inc. that would work with the iPhone and Apple Pay, according to news services. Apple’s iOS 12.2 update will integrate a new wallet app …
Read More »