Digital Transactions Authoritative, insightful and timely information for payments professionals
Amadis, Advanced Mobile Payment Inc., and Texas Engineering Consulting Systems and Services said they launched the jointly-developed EMVMadeEZ, a pre-certified EMV migration product for automated fuel dispensers. The product enables convenience store operators, small chains, and single gas station owners with an EMV-at-the-pump service.Payments-technology provider AEVI International GmbH said it is …
March, 2021
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26 March
Fiserv Bulks up in Integrated Payments With a Deal for Pineapple Payments
Fiserv Inc. is adding more muscle to its payments-processing business, particularly with respect to integrated payments and relationships with independent software vendors. The big financial-services technology company announced Thursday afternoon it has agreed to acquire Pineapple Payments, a 5-year-old payments processor, for undisclosed terms. The deal is expected to close …
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26 March
Subscription Specialist Joins Stripe Program and other Digital Transactions News briefs from 3/26/21
Ternary Developments Inc. has joined the Stripe Partner Program, which enables clients to accept online payments via Stripe Inc. Ternary provides a cloud-based platform for Discord social-engagement communities.Appetize Technologies Inc., a provider of management software for the food-and-beverage industry, announced integrations with payments processor Paytronix Systems Inc., gift card provider Givex Inc,, …
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26 March
COMMENTARY: Part Two: How Network Regulation Overseas Could Resonate Here
Veteran payments practitioners will recall that, “in the beginning,” issuers paid interchange to merchants to incent them to accept credit card payments from the incipient Visa and Mastercard networks. By the inception of electronic draft capture (circa 1980), that acceptance was growing to a critical-mass level nationwide, and by the late …
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25 March
A Reported SEC Probe Casts a Spotlight on the Fast-Growing SPAC Trend
News late Wednesday that the U.S. Securities and Exchange Commission is inquiring into a newly popular alternative for going public comes as payments firms increasingly turn to the method in lieu of a traditional public offering. Reuters reported late Thursday the SEC is contacting Wall Street financial institutions to ask …
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25 March
Shift4 Lands Petco Park Processing and other Digital Transactions News Briefs from 3/25/21
Shift4 Payments Inc. said it will process all payment transactions at Petco Park, home of the San Diego Padres. The deal follows Shift4’s expansion into stadiums and other venues through its recent acquisition of VenueNext Inc.Payments provider SignaPay Ltd. announced a partnership with Valor PayTech to provide Valor’s countertop, handheld, and PIN pad equipment …
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25 March
COMMENTARY: Part One: How Intuit’s Network Suit Could Be a Blueprint for the DoJ
The now-you-see-it, now-you-don’t shuffle of interchange-rate changes planned for April may have betrayed a rare introspective moment at the payment networks—which are long used to imposing their fees and rules on the rest of the payments ecosystem at will. And that makes it hard to resist wondering what might be …
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24 March
Paay And OpenPath Prep a Universal 3-D Secure Service
As criminals continue to target e-commerce transactions, online retailers are tasked with employing advanced methods to thwart them. Paay LLC, an authentication-services provider, and OpenPath Inc., an Irvine, Calif.-based payment-services company, are developing a universal 3-D Secure plugin to help with that. Slated to be available in the second half …
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24 March
Major Brands Lag on Mobile Acceptance Despite a Drive for Contactless, a Study Finds
After the pandemic struck a year ago, stores scrambled to install technology to support a wide range of payment options, including tap-and-pay, to reassure skittish consumers. But now a new report indicates those efforts may not have gone as far as many have assumed, particularly in the area of contactless …
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24 March
Focus POS Releases @Table and other Digital Transactions News briefs from 3/24/21
Focus POS released its @Table service that enables customers to scan a QR code on the table that pulls up a menu on the device. They then can select and order items and receive confirmation their order is being prepared. They service can keep the tab open until the customer is …