The Nasdaq Stock Market LLC granted an extension to USA Technologies Inc. allowing the provider of vending-machine payments technology more time to file financial statements. The new deadline is Sept. 23.Everlink Payment Services Inc., a payments provider in Canada, expanded deployment of the UP Payments Risk Management platform to eScore, Everlink’s machine-learning antifraud service. …
Read More »Fiserv Debuts Contactless POS Tech and other Digital Transactions News briefs from 9/6/19
Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …
Read More »COMMENTARY: Why Software is Eating Payments (Part 1)
In 2011, Marc Andreessen wrote his now-famous article, Software is Eating the World, which predicted that software companies would “take over large swaths of the economy.” Due to the wide adoption of broadband, mobile, and cloud-computing technology, Andreessen pointed out that the ingredients were in place for a huge boom …
Read More »Small Shops Prove a Refuge for Last-Minute Buyers
Small merchants are often seen as threatened by e-commerce giants like Amazon.com Inc. that can deliver products to consumers in some cases hours after the order is placed. But it turns out local businesses across the country still do big business on the eve of major occasions like Christmas and …
Read More »Discover Expands Acceptance Network and other Digital Transactions News briefs from 8/29/19
Discover Global Network signed an agreement with Credit Mutuel Arkea to allow Arkea Group merchants in France and Europe to accept Discover, Diners Club International, and allied issuers’ transactions.Ingenico Group’s e-commerce division, Ingenico ePayments, said it will provide payments services to Yoozoo Games, a game development and distribution company.Barclaycard, a unit of …
Read More »TCH Forges on with Its Real-Time Payments Network as the Fed Crafts a Rival Service
The private-sector operator of the only national real-time payments network wasn’t too enthused when the Federal Reserve announced earlier this month that it would launch a rival service in 2023 or 2024, but the Fed’s move sparked at least a temporary windfall for The Clearing House Payments Co. “One of …
Read More »Instant Payments Give Citigroup’s CitiConnect APIs a Lift
Launched in November 2016, the CitiConnect set of application programming interfaces for payments and related functions is gaining traction, particularly from companies supporting instant-payment services in Asia and Europe, Citigroup Inc. reported Monday. The New York City-based global banking giant said CitiConnect has processed 157 million API calls, or requests …
Read More »COMMENTARY: Visa Next’s Installment APIs Solve Only Part of the Problem
Following Klarna’s recent raise of $460 million looking to expand its payments presence in the United States, and Mastercard Inc.’s recent acquisition of Vyze, the consumer-finance space is heating up with the big players of the finance world entering the arena. It is a further indication of the importance of easily …
Read More »Shift4’s New Tableside Device and other Digital Transactions News briefs from 8/26/19
Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …
Read More »Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami
Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …
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