Point-of-sale equipment maker ExaDigm Inc. changed its name to Nexgo Inc., which is a subsidiary of XGD Group. Bluefin Payment Systems LLC said Convenient Payments LLC, developer of the GovTeller point-of-sale software, will use Bluefin’s encryption services. Shift4 Payments released its RESTful application programming interface for its integration partners. A …
Read More »Zelle Posts $39 billion in P2P Payments on a 72% Transaction Increase
The bank-sponsored Zelle person-to-person payment service continued on its growth trajectory in the first quarter, with transaction volume up more than 70% and payment volume rising more than 50%. Zelle provider Early Warning Services LLC reported Wednesday that first-quarter payment volume hit $39 billion, a 54% increase from just over …
Read More »TSYS Signals Progress for Its Vital Line of Small-Business Processing Services
Total System Services Inc. (TSYS) late on Tuesday said it has now deployed “thousands” of its new Vital point-of-sale devices, which were launched in January. The product is “showing strong out-of-the-gate momentum,” said M. Troy Woods, TSYS’s chief executive, during a call with stock analysts to discuss the Columbus, Ga.-based …
Read More »KeyBank Issuing Contactless Cards and other Digital Transactions News briefs from 4/24/19
KeyBank said it has begun issuing contactless-enabled Mastercard credit and debit cards. Diebold Nixdorf Inc. said KeyBank will upgrade its network of 1,400 ATMs with Diebold’s DN Vynamic portfolio of software applications that includes ATM management and more options for customers, including selection of bill denominations. Payments provider CCBill LLC announced …
Read More »First Data in Joint Venture To Buy Ireland’s Payzone and other Digital Transactions News Briefs from 4/19/19
Allied Irish Banks p.l.c. and processor First Data Corp. formed a joint venture to acquire a 96% stake in Payzone, operator of Ireland’s largest retail payment network, for about €100 million ($112.5 million) including debt. AIB will own 75% of the joint venture and First Data 25%, according to The Irish …
Read More »In a Return to Mobile Financial Services, T-Mobile Launches Its Money App Nationally
In a sign that at least some U.S. wireless carriers haven’t given up on their ambitions in mobile payments, T-Mobile US Inc. on Thursday launched its T-Mobile Money service nationwide. But the service, which began as a pilot in November, goes beyond payments offerings to include some traditional banking services …
Read More »AmEx Card Volume up 7% and other Digital Transactions News briefs from 4/18/19
American Express Co. reported first-quarter U.S. card-billed business of $195.5 billion, up 7% year-over-year. International volume slipped 1% to $100.2 billion, bringing AmEx’s total billed business to $295.7 billion, a 4% increase from $283.8 billion a year earlier. Discount revenue rose 5% to $6.2 billion. AmEx said its average worldwide …
Read More »Dunkin’ Adds Other Payment Forms To Its DD Perks Loyalty Program at 1,000 Locations
Coffee, doughnut, and breakfast sandwich aficionados can now pay with credit and debit cards and even cash and still earn points in Dunkin’ Brands Group Inc.’s DD Perks loyalty program at more than 1,000 test stores, Dunkin’ announced this week. DD Perks is one of the nation’s largest rewards programs, …
Read More »CardFlight Unveils SwipeSimple Terminal, Extending Its Software Into the Smart POS Market
CardFlight Inc. is adding point-of-sale terminals to its roster of SwipeSimple-compatible products with the launch Tuesday of SwipeSimple Terminal. This puts the SwipeSimple POS software on more devices in addition to tablets, personal computers, and mobile devices. More than 50,000 merchants currently use SwipeSimple, CardFlight says. SwipeSimple Terminal initially is …
Read More »Payroc’s Surcharge Program and other Digital Transactions News briefs from 4/16/19
Independent sales organization Payroc LLC launched RewardPay and CashRewards, programs aimed at offering merchants card-network-compliant services for surcharging and cash discounts at the point of sale. A report from Transaction Network Services Inc. shows 26% of survey respondents in the United States, the United Kingdom, and Australia who own a …
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