USA Technologies Inc., a vendor of payment-acceptance technology for self-serve machines, launched its ePort G9 in Canada. The device accepts contactless debit cards equipped with Interac Flash. The Western Union Co. said it has been asked by Amazon.com Inc. to develop a service that will allow overseas shoppers to pay …
Read More »Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce
Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year …
Read More »Fast-Growing Adyen Bolsters Its North American Market With a Move Into Canada
Adyen N.V. has had a busy year, and on Tuesday it made yet another significant move by announcing it is now doing business in Canada. The Dutch payments company, which already operates in the United States and Latin America as well as Europe and Asia, also announced four brands as …
Read More »Pushpay Updates for the Religious Sector and other Digital Transactions News briefs from 10/30/18
Prepaid-card provider Card.com said it will feature images of top National Football League players on Visa-branded prepaid cards in a deal with the NFL Players Association. More than 200 player image cards are available. Pushpay Holdings Ltd., a specialist in payments to the U.S. religious sector, said it now offers more …
Read More »First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants
First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …
Read More »As the Fed Mulls an Entry Into Real-Time Payments, a TCH Executive Flashes a Caution Flag
If the Federal Reserve decides to compete in the developing market for real-time payments, it will face considerable obstacles, one of which has to do with whether such competition is really needed, according to an official with The Clearing House Payments Co. LLC. The Clearing House, which is recruiting financial …
Read More »AmEx Acknowledges Investigation and other Digital Transactions News briefs from 10/24/18
Processor Total System Services Inc. (TSYS) said its Merchant Solutions unit processed 1.53 billion point-of-sale transactions in the third quarter, a 22% increase from 1.26 billion a year earlier. Sales volume rose 30% to $40.9 billion. The Consumer Solutions segment, which includes the Netspend prepaid card operation, posted gross dollar …
Read More »The Zelle P2P Payment Service Posts 83% Transaction Growth in the Third Quarter
The Zelle person-to-person payment service continued to gain traction in the third quarter. Zelle Network reported Tuesday that it processed $32 billion in the three months ended Sept. 30 on 116 million transactions. The latest figures represent a year-over-year growth rate of 67% in payment value and 83% in transactions. …
Read More »EMS Buys POS System Developer and other Digital Transactions News briefs from 10/23/18
Electronic Merchant Systems announced the acquisition of Total Touch POS, a POS system developer for the hospitality industry. Terms were not disclosed. Bank of America Merchant Services, along with First Data Corp., announced it integrated BlueSnap Inc.’s All-in-one Payment Platform into its system. BAMS is the first integration since First …
Read More »NCR To Take a Direct Role in Payments With its Pending $184 Million Acquisition of JetPay
Best known for its ATMs, NCR Corp. has long been close to the point-of-sale payment business with its software products such as Retail One, Aloha, and NCR Silver, and its hardware for retailers and the hospitality industry that includes self-checkout systems for grocery stores. Now NCR is about to dive …
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