NCR Corp. confirmed it is the party that has made a $39-per-share cash offer to acquire international ATM network operator Cardtronics plc. The last-minute bid trumps a previous, $35-per-share offer from investment firms Hudson Executive Capital and Apollo Global Management.Citizens Financial Group Inc. said it has expanded the reach of its point-of-sale …
Read More »GO2bank, a Mobile-Banking App, Is Green Dot’s Latest Bid for the Underbanked Market
As part a strategy to widen its market for banking solutions, Green Dot Corp. Wednesday launched GO2bank, a mobile-banking application intended to help the 7.1 million unbanked households in the United States manage their finances. Green Dot says it is launching the program as a way to eliminate the costly …
Read More »Qualpay Adds Google Pay Support and other Digital Transactions News briefs from 1/6/21
Payments platform Qualpay said it is now supporting Google Pay transactions in recognition of increasing consumer usage of mobile wallets.Payments-technology provider Cardknox launched a beta version of its partner portal, intended for the use of sales partners and independent sales vendors to onboard and manage merchant-processing accounts.Digital-payments provider Payrailz has launched Action Insights, a service intended …
Read More »Mobile Wallet Use up and other Digital Transactions News briefs from 1/5/21
In the week before and the week of Christmas, consumers markedly increased their use of mobile wallets, with mobile wallets loaded with a debit card increasing 79.2% from the same weeks a year ago, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Use of mobile …
Read More »Bitcoin at 4X Value at Year’s End and other Digital Transactions News briefs from 12/31/20
Bitcoin, the world’s largest and most well-known digital currency, is ending the year above $28,000, a quadrupling of its value since the start of 2020. Its market capitalization as of Dec. 30 is $536 billion, up from $133 billion at Jan. 2.RevoluGroup Canada Inc. has launched the RevoluEX Cryptocurrency Exchange that …
Read More »COMMENTARY: How Merchants Are Methodically Moving Issuing Under Their Tent
Little by little and step by step, merchants have been taking tighter control over their payments businesses. No longer merely the endpoint in a cardholder’s lifecycle, merchants are leveraging fintech in ways not possible just a few short years ago. This is why we’re seeing the big fintech-centric acquirers like …
Read More »MoneyGram To Monitor SEC’s Ripple Lawsuit and other Digital Transactions News briefs from 12/24/20
MoneyGram International Inc. said it is will “continue to monitor for any potential impact” from a recent lawsuit against cryptocurrency payments firm Ripple Labs and two top executives by the U.S. Securities and Exchange Commission. MoneyGram has used Ripple’s foreign exchange blockchain since June 2019 to trade in four currencies, though the company …
Read More »An ISO Sees Opportunity in Digital Payments for an Often Neglected Niche—Churches
Just as businesses are fast-tracking their efforts to accept digital payments as a result of the coronavirus pandemic, so too are houses of worship. Pushpay Holdings Ltd., a Redmond, Wash.-based independent sales organization, says the number of churches using its donor-management system is growing rapidly. While churches were already adopting …
Read More »PayPal Lines up Early to Help Stimulus Recipients Turn Their Checks Into Ready Cash
With a second round of federal stimulus payments having passed Congress, payments firms are lining up to help recipients speed the funds’ availability. PayPal Holdings Inc., for example, said late Tuesday it will waive the fees for stimulus recipients that it normally charges consumers to cash checks using its app. …
Read More »Grocer Picks NCR POS System and other Digital Transactions News briefs from 12/23/20
NCR Corp. said Big Y Foods Inc., with 85 New England locations, selected the NCR Emerald point-of-sale system for its checkouts.With the pandemic shutting down casinos, gambling is moving online, where the volume of wagers is expected to nearly double to $92.9 billion in 2023 from $59 billion this year, Statista forecasts.Payments provider Paysafe …
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