News

January, 2021

• 13 January

  COMMENTARY: PCI And EMVCo Have No Business Setting Standards

  

  Standards are the prerogative of the International Organization for Standardization (ISO) for most industries around the world. According to ISO, “ISO standards are internationally agreed by experts” and “should be thought of as a formula that describes the best way of doing something.”  Unfortunately, the roles of ISO and its …
• 13 January

  Visa Ends Plaid Deal and other Digital Transactions News briefs from 1/13/21

  

  Visa Inc. has dropped its year-old, $5.3-billion bid for the data network Plaid Inc. in the wake of an antitrust lawsuit filed by the U.S. Department of Justice. The DoJ feared Visa could use Plaid’s links to financial institutions to stifle competition in the debit market, a contention Visa denied.The big drugstore chain Walgreen …
• 12 January

  Walmart’s Fintech Startup Is Expected to Pack A Potent, Low-Cost Punch

  

  Unlike many fintech startups, Walmart’s Inc.’s new financial company is expected to be a formidable player right out of the gate. The retail giant unveiled plans late Monday to partner with Ribbit Capital to create a fintech that will provide what Walmart describes as “modern, innovative, and affordable financial solutions.” …
• 12 January

  Eye on Restaurants: Torchy’s Tacos Taps CardFree, And GoTab Debuts a Contactless Ordering Kit

  

  Mobile point-of-sale specialist CardFree Inc. announced Torchy’s Tacos, with 83 locations across seven states, has adopted its contactless ordering and services technology. Also, restaurant commerce provider GoTab Inc. debuted a contactless ordering starter kit for hospitality operators. San Francisco-based CardFree says the Austin, Texas-based Torchy’s Tacos started with online ordering and …
• 12 January

  Another Bank Joins TCH Real Time Payments and other Digital Transactions News briefs from 1/12/21

  

  Wells River Bank has agreed to join the Real Time Payments network operated by The Clearing House Payments Co. LLC. The bank will connect to the network through the Shazam EFT network’s Shazam Pay faster-payments gateway.Payments provider Lightspeed POS Inc. launched its Lightspeed Supplier Network, a platform aimed at North American merchants to …
• 11 January

  Mastercard And Partners Will Test Common Android Phones And Tablets As Contactless POS Devices

  

  Mastercard Inc. will test contactless payment acceptance using common Android smart phones and tablets in the United States. The technology, relying on software developed by Mastercard Labs, enables these off-the-shelf devices to accept contactless payments with no special hardware.  Announced Monday, the service, called Tap on Phone, intends to capitalize …
• 11 January

  How Its Deal for Kount Lets Equifax Reinforce Its Capabilities Against Online Fraud

  

  With consumers and businesses flocking to online commerce, companies of all sizes are reinforcing their technology for accepting transactions and rating them for risk. The latest example is the giant credit-reporting company Equifax Inc., which on Friday said it is paying $640 million to buy Kount Inc., a 14-year-old Boise, …
• 11 January

  NCR Makes Its Cardtronics Bid and other Digital Transactions News briefs from 1/11/21

  

  NCR Corp. confirmed it is the party that has made a $39-per-share cash offer to acquire international ATM network operator Cardtronics plc. The last-minute bid trumps a previous, $35-per-share offer from investment firms Hudson Executive Capital and Apollo Global Management.Citizens Financial Group Inc. said it has expanded the reach of its point-of-sale …
• 10 January

  MiCamp Solutions Pioneers Game-Changing Payment Solutions Products

  One of the fastest-growing and cutting-edge financial technology companies in the United States, MiCamp Solutions recently introduced its newest offering, which includes the game-changing Mi-Payment Choice and a unique gateway. Founded in 2007, and recently named to the Inc. 5000 for the third year in a row (#1,328), MiCamp Solutions …
• 8 January

  A New, Unnamed Player Makes a Richer Bid for Cardtronics

  

  Nearly three weeks after reaching a definitive agreement with Hudson Executive Capital and Apollo Global Management to be acquired for $35 per share, ATM network operator Cardtronics plc has received an unsolicited offer from an unnamed buyer for $39 per share. The offer was disclosed by Cardtronics in a proxy …