Independent sales organization Pineapple Payments announced it acquired rival Card Champ. Both ISOs are based in Pittsburgh. Terms were not disclosed. Diebold Nixdorf Inc. released the DN Series of ATMs. Diebold said 18 financial institutions in 13 nations are testing the machines. Payment Data Systems Inc. changed its name to …
Read More »Fiat Chrysler USA Is the Latest To Offer an In-Dash Market With a Payments Capability
FCA USA LLC, the automaker behind Chrysler, Dodge, Jeep, and Ram vehicles, will offer the Uconnect Market as part of its in-dash infotainment systems beginning later this year, the Auburn Hills, Mich.-based company announced Monday. The new service, which will deploy in the second half of the year as an …
Read More »Sezzle Enters Canada and other Digital Transactions News briefs from 6/24/19
Point-of-sale installment-loan provider Sezzle Inc. said its service is now available at “thousands” of online stores in Canada. SSI Group, a provider of payments-related software for the health-care industry, announced a capability that relies on machine learning to predict when providers will receive payments from payers. In related news, U.S. …
Read More »COMMENTARY: Artificial Intelligence Should Be the Next Big Payments Push
When we think about artificial intelligence (AI) and machine learning, the first image that comes to mind might be a chess-playing computer or a driverless car. In addition to such futuristic applications, these cutting-edge technologies are already changing and enhancing many aspects of our day-to-day lives, including how we make …
Read More »Eye on the Point of Sale: Shopify’s New Features; Casio’s Pay-At-Table Software
Shopify Inc. late on Tuesday announced a slew of services aimed at significantly broadening the support the Ottawa, Ontario-based provider offers to small and mid-size merchants. Among these are new point-of-sale software, a fulfillment network, and new checkout-integrated subscription-payment support. The fulfillment network is a first-of-its-kind offering for Shopify, the company …
Read More »Allied Payment Debuts Bill-Payment Tech and other Digital Transactions News briefs from 6/20/19
Online and mobile bill-payment provider Allied Payment Network announced what it says is a “first of its kind” real-time digital bill-payment technology. The company developed the product in collaboration with Finastra, a software provider to financial institutions. Payments provider International Bancard said it was named the official credit card processor …
Read More »Chip Cards Make Gains, but the U.S. Still Lags Most of the World in EMV Adoption
EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo. Some 53.5% of general-purpose U.S. card-present transactions in 2018 were so-called chip-on-chip, meaning both the point-of-sale terminal …
Read More »Commercial Bank of California’s Big ISO Ambitions
Commercial Bank of California’s announcement Tuesday that Group ISO Inc. joined its wholesale independent sales organization program signals greater ambitions for the Irvine, Calif.-based bank. Group ISO will use CBC’s BIN sponsorship, a term for bank identification numbers, which is required for acquirers to send and receive transactions from card …
Read More »Regulators Balk at Facebook’s Libra and other Digital Transactions News briefs from 6/19/19
The Facebook-led announcement of the Libra cryptocurrency is evoking blowback both in the United States and overseas. House Financial Services Committee chairwoman Maxine Waters (D-Calif.) called for Facebook to halt the planned launch of Libra until Congress has had a chance to hold hearings on the cryptocurrency. Elsewhere, the governor …
Read More »No Data Lost in Weekend Target POS Glitches and other Digital Transactions News briefs from 6/17/19
Target Corp. was hit by two point-of-sale glitches this past weekend. On Sunday afternoon the retailer was unable to process certain card transactions at some of its 1,800 stores for about 90 minutes due to an issue at a data center of its payment-services vendor, NCR Corp., Reuters reported. Sunday’s …
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