January 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …
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January 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Transaction Processing
Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …
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January 17, 2020
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …
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January 16, 2020
Competitive Strategies, Digital Currency
When Facebook Inc. last year floated the idea of a digital currency called Libra, the notion of a currency backed by a powerful corporation with global reach stimulated some experts to begin thinking about digital money that could be issued not by private companies but by central banks. On Thursday, …
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January 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …
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January 15, 2020
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Data-security provider Very Good Security (VGS) announced an investment by Visa Inc. The amount of the investment was not disclosed.In related news, Visa announced it has met its goal to use 100% renewable electricity by 2020 across its worldwide operations. Visa set the goal in 2018.Google said it acquired Pointy, a company that helps local retailers …
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January 10, 2020
Competitive Strategies, Digital Currency, Fraud & Security, Issuing/Originating, Marketing, Mobile Wallets, Near-Field Communication (NFC), Transaction Processing
A major enterprise software company and a mobile-technology provider late on Thursday announced an agreement to develop a service they say will provide a universal connection to mobile wallets and “simplify mobile payments for anyone with a phone.” The proposed service will combine application programming interface technology from software vendor …
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January 10, 2020
Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Person-to-Person Payments, Transaction Processing
The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.Ternio LLC said it has cut the minimum balance on its …
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January 9, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …
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January 6, 2020
Competitive Strategies, Digital Currency, Issuing/Originating, Marketing, Point-of-sale, Pricing, Transaction Processing
Bitcoin entered 2020 on a high note but remains a volatile cryptocurrency, both in value and in transaction cost. That volatility can reward savvy users but continues to hinder the leading cryptocoin’s usefulness as a payment method. The coin exited 2019 with a value exceeding $7,000, roughly double what it …
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