Digital Transactions Authoritative, insightful and timely information for payments professionals
Tablesafe, which specializes in point-of-sale systems for restaurants, said The Saltwater Grille has installed its technology, which includes EMV acceptance. The restaurant had been subject to rising chargebacks because it had not been EMV-compliant. Online installment-payments specialist Klarna signed its first U.S. merchant, Rancourt & Co., for a new service …
October, 2018
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12 October
Shopify Tries a Store Strategy and other Digital Transactions News briefs from 10/12/18
E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …
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11 October
Mitek Rejects Takeover Offer and other Digital Transactions News briefs from 10/11/18
Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …
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8 October
M-Payments Coming to C-Store Chain and other Digital Transactions News briefs from 10/8/18
Terminal maker Verifone Systems Inc. launched EX-Receipt, a cloud-based system that generates an electronic receipt at gas pumps via text or email for enrolled customers, replacing the customary paper receipt. NCR Corp. introduced mobile-payment and -loyalty capability for Enmarket Convenience Stores, a chain of 123 c-stores and 14 quick-service restaurants …
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3 October
SpotOn Buys EmaginePOS and other Digital Transactions News briefs from 10/3/18
Payments and software provider SpotOn Transact LLC acquired EmaginePOS, a vendor of point-of-sale software for restaurants and bars. Terms were not announced. Business-services provider CSG Systems International Inc. bought Forte Payment Systems Inc., an independent sales organization, for an undisclosed amount. Credit and debit card information of more than 28,000 …
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2 October
NACHA Acquires the Business Payments Directory Association To Bolster B2B Payments Services
NACHA reported Monday that it has acquired the non-profit Business Payments Directory Association, a move that deepens the presence of the U.S. automated clearing house network’s governing body in business-to-business payments and provides an entrée into blockchain-based payments. Herndon, Va.-based NACHA said the BPDA will operate as a self-governed group …
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1 October
Payscape Signs Referral Deal and other Digital Transactions News briefs from 10/1/18
Unattended payments provider USA Technologies Inc. reported that it was unable to file its overdue annual report for fiscal 2018 to the Securities and Exchange Commission within the 15-day extension it asked for in September. The company said it is still investigating certain contractual arrangements that prompted it to ask …
September, 2018
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28 September
Eye on Acquiring: Global Payments Ventures Into Fast Food; Shah Resigns As JetPay Chairman
Few businesses have been more targeted by the trend toward integrated payments than restaurants, and late on Thursday that trend unfolded further with Global Payments Inc.’s agreement to lay out $490 million in cash for Sicom Systems Inc., a Lansdale, Pa.-based developer of both front- and back-of-the-store management systems for …
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25 September
Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets
U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …
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25 September
Paycosmos’ ‘ISO in a Box’ Launches and other Digital Transactions News briefs from 9/25/18
Paycosmos, a provider of virtual and point-of-sale terminals, has teamed with payments provider linked2pay to launch “ISO in a Box,” a platform that offers sales agents support with acquiring and underwriting merchants and help with payments technology. Cashierless technology like that of Amazon Go will account for $45 billion in …
