February 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Marketing, Point-of-sale, Transaction Processing
E-commerce platform WooCommerce said it is offering CBD-selling merchants new services for monitoring security issues, printing shipping labels, and automatic tax calculation.Acadia POS and merchant-services provider GCG Consulting Inc. said they handled nearly 50,000 transactions on 77 PAX Technology point-of-sale devices at the recent Waste Management Phoenix Open.Business-payments firm Biller Genie said its clients are …
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February 12, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Marketing, Mergers & Acquisitions, Point-of-sale, Prepaid Cards, Pricing, Transaction Processing
News of impending interchange-rate revisions from Visa Inc. may have roiled the payments industry, but for processing giants like Global Payments Inc., the impact will simply be business as usual. Top Global executives made that point crystal clear Wednesday. “We see these [rate changes] all the time. We have to accommodate …
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February 12, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Prepaid Cards, Transaction Processing
PayPal Holdings Inc. said it and the Center on Crime and Community Resilience at Northeastern University, along with the University of Chicago Crime Lab, formed a research project to examine payment methods used to finance illegally-sourced firearms with the goal of combatting the illegal sale of guns.Processor Fiserv Inc. announced its “Scan to …
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February 10, 2020
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Transaction Processing
Buy-now-pay-later specialist Sezzle Inc. said it surpassed 1 million consumers using its online payment service. Launched in 2016, Sezzle said it had reached 500,000 customers only in August 2019. At the end of the fourth quarter, the company, with corporate headquarters in Australia, said more than 10,000 merchants offer its …
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February 7, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Marketing, Transaction Processing
A $57 million renovation at Clover Park in Port St. Lucie, Fla., the spring-training home of the New York Mets recently renamed from First Data Field, won’t be completed by Monday when pitchers and catchers report for preseason workouts, a local newspaper reported. St. Lucie County, which owns the stadium, now hopes …
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February 6, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Law and Regulation, Marketing, Point-of-sale, Pricing, Transaction Processing
Surcharges on credit card transactions could pick up momentum now that only four states effectively ban the practice, a panel of experts indicated Wednesday at a merchant-acquiring trade show. That momentum may benefit not only merchants wary of card-acceptance costs but also merchant-service providers that focus on surcharging as a …
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February 6, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Law and Regulation, Marketing, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The hotly competitive arena of integrated payments has prompted PointOS, a hospitality software developer, to register as an independent sales organization to gain better control over payment services it offers. The company, which serves customers, announced its ISO registration this week and calls its service PointOS Payments. “We became an …
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February 6, 2020
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Bitcoin ATM deployer Bitcoin Depot said its network now includes more than 500 machines worldwide, with more than 100 in the Atlanta area. The company projects it will have more than 1,000 Bitcoin ATMS by the end of 2020.Lael Brainard, a Federal Reserve Board governor, said in a Wednesday speech that the Fed, …
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February 5, 2020
Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Person-to-Person Payments, Transaction Processing
Cross-border payments specialist WorldRemit Corp. says a partnership with Alipay, a major Chinese mobile-payment service, will enable consumers to make international remittances to the Alipay mobile app. Announced Wednesday, the service harbors significant potential. Approximately 35 million Chinese citizens live abroad, and they sent home an estimated $67 billion in 2018, …
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February 5, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Australian financial regulators might intervene to stop banks from automatically routing contactless debit card payments to the Visa and Mastercard networks and instead give merchants the option of using the country’s EFTPOS network, Reuters reported.RevSpring Financial Services, a provider of collections-support services for health-care firms and other companies, debuted eVokePay, a payment …
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