Friday , January 31, 2025

Credit Cards

JPMorgan Chase’s Merchant-Processing Volume Jumps 17%

With the economy still humming along in 2018’s fourth quarter, a nearly 17% increase in merchant-processing volume by JPMorgan Chase & Co. augurs strong volume growth by Visa Inc. and Mastercard Inc. when the bank card networks report financial results later this month. New York City-based JPMorgan Chase operates the …

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Worldpay Links Arms With Revel in the Latest Example of a Processor Trend To Smart POS Systems

Processing giant Worldpay Inc. announced early Tuesday it forged a new agreement with Revel Systems to support Revel’s iPad-based smart terminals for restaurants and other merchant locations. The agreement comes days after Total System Services Inc. (TSYS) said it is launching a line of smart POS devices and follows other …

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TD Ameritrade Enables Apple Pay Deposits and other Digital Transactions News briefs from 1/15/19

TD Ameritrade announced individual investors can instantly fund a brokerage account using Apple Pay through Apple Business Chat. The capability means investors can use a debit card to deposit up to $10,000 per day via Apple Pay, though the limit may vary by bank. The service is much quicker than …

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With Help From Citcon, North American Merchants Begin Accepting UnionPay QR Codes

With the rise of Chinese tourism, North American merchants have proved eager to accept Chinese mobile wallets like Alipay and WeChat Pay, and now they can add UnionPay cards to that mix. Citcon USA LLC said Monday it will enable merchants in the United States and Canada to accept quick-response …

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Kabbage in Alibaba Deal and other Digital Transactions News briefs from 1/14/19

Kabbage Inc., an online small-business financier, said it provides the Pay Later program for U.S. small-business buyers on Alibaba.com, an online marketplace. Payment-terminal maker Equinox Payments and payments-software provider Acceo Tender Retail announced the Equinox Luxe 8500i and Luxe 6200m terminals have achieved EMV end-to-end certification on First Data Corp.’s …

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Discover Looks to Europe And the Middle East for Merchant-Acceptance Expansion

Discover Financial Services is on the verge of a major expansion of Discover, Diners Club, and Pulse acceptance across Europe and the Middle East following Friday’s announcement of a deal with a third-party provider. Riverwoods, Ill.-based Discover says it will work with 3C Payment, a Luxembourg-based payment service provider that …

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Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19

Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …

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TSYS Revives Its Vital Brand as the Name for Its New POS Product Suite

Payment processor Total System Services Inc. (TSYS) on Thursday unveiled a line of point-of-sale terminals and services for small and mid-size businesses, and took its Vital brand out of a 13-year retirement as the name for the new product suite. The cloud-based Vital POS has three major components: Vital Mobile, an …

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Square’s Push Upmarket Leads It to Launch an SDK for In-App Transactions

Square Inc. released a software development kit to enable merchants and developers to use Square for their payments processing in apps. Announced Wednesday, the SDK marks a first for Square and creates a single platform for transactions made by Square merchants that also sell in stores. The SDK is available …

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Graylin Starts Another Payments Enterprise and other Digital Transactions News briefs from 1/10/19

  Will Graylin, a payments entrepreneur and former Samsung Pay executive, launched OV Loop, which includes two voice-activated messaging products, OV App and OV Pro. OV App includes OV Pay, a single-tap payment application under development with financial institutions. Online merchants that don’t process local currencies fail to consummate 6% …

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Digital Transactions