The U.S. conversion to EMV chip card payments took a step forward Thursday when fuel-pump maker Gilbarco Veeder-Root announced what it says is the first EMV chip card transaction from a fuel dispenser. The transaction took place at a 49 Fuels gas station in Burlington, N.C., at an undisclosed time. …
Read More »Cloud-Based TouchPass Brings a Subscription Model to Transit Agencies for Fare Payments
The subscription model is coming to payments for transit fares. Delerrok Inc., a transit fare-system provider, launched TouchPass this week, a fare-collection service that transit operators pay for via a subscription. TouchPass, a product of transit veterans Bob Hamilton, Gary Yamamura, and Susumu Kusakabe, who is a patent holder for …
Read More »Eye on ATMs & Kiosks: Making the Card-Before-Cash Switch; Kiosks at McDonald’s
As the U.S. payments industry continues its massive migration to EMV, issues here and there, such as payment cards being left behind in ATMs, pop up. About six months after INTRUST Bank completed its ATM EMV conversion a year ago, the problem of unrecovered cards started, says Joe Morin, ATM …
Read More »Coinstar and Redbox Parent Firm Outerwall Looking at Strategic Alternatives
Its original Coinstar coin-counting business long overshadowed by its once-booming but now fading Redbox DVD and video-game rental business, Outerwall Inc. on Monday announced that it had hired investment banker Morgan Stanley & Co. “to explore strategic and financial alternatives” for Outerwall shareholders. The company simultaneously announced that would double …
Read More »Cardtronics To Lose Its Biggest Customer as 7-Eleven Shifts ATM Operations to Affiliate
By Jim Daly Retail ATM network owner and manager Cardtronics Inc. reported Tuesday morning that its biggest merchant customer, Dallas-based 7-Eleven Inc., picked a corporate affiliate to run its U.S. ATM fleet when the leading convenience-store chain’s 10-year placement contract with Cardtronics expires in July 2017. 7-Eleven accounted for 17.5% …
Read More »Walgreens Adds Western Union Money-Transfer Services to More Than 7,650 Stores
Finding a kiosk to make money transfers via Western Union Co. has become easier if there is a Walgreens or Duane Reade store nearby. Western Union and Walgreens announced this week a deal that makes Western Union money transfers available at the existing photo kiosks inside more than 7,650 Walgreens …
Read More »How a Digitally Minded Clientele Led a Small C-Store/Deli Chain to Install Bitcoin ATMs
With Bitcoin ATMs now having been deployed in scores of locations around the world, merchants are starting to see how the machines could potentially drive traffic and sales—especially with a younger, hipper clientele. The latest merchant to install Bitcoin machines is Locali Conscious Convenience, a three-store deli and convenience-store chain …
Read More »Mobile-App Developer Exploits a Growing Market for Virtual Tickets on Mass Transit
Technology continues to drive change in the way riders on America’s mass-transit systems pay fares. While a few agencies have cast their lot with contactless card systems that also accept general-purpose debit and credit cards with contactless chips, other systems are turning to smart phones as add-ons to existing fare …
Read More »Chicago Test of Mobile Payments for Parking Accelerates Into Massive City Rollout
The private operator of Chicago’s 36,000 parking meters announced Tuesday that drivers will be able to pay with mobile phones at all of the city’s metered street spaces later this summer. The expansion reportedly makes Chicago the biggest market for mobile parking payments in the country and comes just three …
Read More »Eye on Transit: A New Fare System for D.C.; New York Ponders a MetroCard Successor
America’s mass-transit systems in early 2014 are continuing their migration away from proprietary fare systems and toward so-called open-fare systems that can accept general-purpose payment cards as well as mobile payments. This week, the Washington Metropolitan Area Transit Authority, locally known as Metro, awarded a $184 million, 8-year contract to …
Read More »