Friday , February 7, 2025

Credit Cards

POS Developer Adds Stripe Terminal Support for Card-Present Transactions

SuiteRetail, a Wilmington, Del.-based point-of-sale software developer, completed integration of  Stripe Inc.’s merchant-processing services into its apps, giving merchants the ability to use Stripe for their in-store and online transactions. Merchants using SuiteRetail’s SuitePOS for NetSuite or Salesforce now can complete their online processor and store set-up for Stripe. The …

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A Year Into His Own Merger, Worldpay’s CEO Offers Advice to Fiserv And First Data

The global processor Worldpay Inc. is beating its own expectations in knitting together the assets combined in the huge merger of Vantiv Inc. and Worldpay plc and is looking to make more acquisitions this year, top executives said Tuesday. Speaking to stock analysts to discuss Cincinnati-based Worldpay’s fourth-quarter and full-year …

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Hackers Strike Again and other Digital Transactions News briefs from 2/26/19

Hackers gained unauthorized access to credit or debit card data stored with software company CentralSquare Technologies and used for one-time water-bill payments made through the city of Pompano Beach, Fla.’s Web site from Aug. 30 to Dec. 6, 2018, the South Florida Sun-Sentinel reported. Nearly 3,800 customers made one-time payments …

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Evertec’s Payment Volumes Surge as Hurricane-Ravaged Puerto Rico Recovers

Puerto Rico-based payment processor Evertec Inc. suffered along with the rest of the island when hurricanes Irma and especially Maria swept through in September 2017 and destroyed homes, businesses, and the electrical grid, but now Evertec’s payment volumes are surging as the island recovers. Puerto Rican transaction volumes were up …

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Network Fee Boosts Are Taking a Big Bite out of Merchants’ Durbin Savings, Research Says

A bevy of fees levied by the two major card networks is offsetting much of the fee relief merchants receive from the 7-year-old Durbin Amendment, according to new findings from a payments-research firm that is studying the issue on behalf of the retail industry. While the Durbin caps on debit …

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NCR Acquires Hospitality POS Provider and other Digital Transactions News briefs from 2/25/19

NCR Corp. announced it acquired BEC, said to be a leading provider in Colorado of point-of-sale technology for the hospitality industry. BEC, which accounts for 2,600 sites, has been an NCR reseller for 23 years. Terms were not announced. After years of unsuccessful attempts to win government approval to operate …

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The Brooklyn Federal Court Gives a ‘Preliminary’ OK to a $6.24 Billion Deal in Interchange Case

The federal court handling the long-running class-action litigation between merchants on one hand and big banks and Visa Inc. and Mastercard Inc. on the other announced on Friday it has granted “preliminary approval” to a settlement that could award between $5.54 billion and $6.24 billion to merchant plaintiffs. The parties …

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PayPal Debuts Rainbow Card for Venmo and other Digital Transactions News briefs from 2/22/19

PayPal Holdings Inc. introduced a so-called rainbow card for users of its Venmo peer-to-peer payments service. The colorful plastic, available for a limited time, is the latest version of a debit card PayPal launched last year to allow users to pay merchants with their Venmo balance. As with the original …

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Goldman Sachs in Apple Credit Card Deal and other Digital Transactions News briefs from 2/21/19

Apple Inc. and the Goldman Sachs Group Inc. will begin issuing a joint credit card this spring, The Wall Street Journal reported. The new card will tie into the Apple Wallet. Apple’s brand already is on a credit card issued by Barclaycard. It is unknown what will happen to that …

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NAB Integrates With Vend and other Digital Transactions News briefs from 2/20/19

Payments provider North American Bancard Holdings LLC said it is integrating its capabilities with retail-management and point-of-sale software provider Vend. The joint service will be available to retailers through NAB’s resellers. Digital Debit Group, a unit of Qondado LLC, released a Quick Response code-based app for iOS and Android devices …

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Digital Transactions