News

August, 2020

• 12 August

  Visa Joins Nacha’s Phixius Information-Exchange Pilot

  

  Card-brand giant Visa Inc. is joining a payment-information exchange test operated by Nacha, the network operator for the automated clearing house system. Dubbed Phixius, the exchange could expedite the sharing of payment information between payees and payers and can allow for multiple payment types, including ACH, wire, card, and others. …
• 12 August

  Acquirer Services Firm CardSmart.io Debuts and other Digital Transactions News briefs from 8/12/20

  

  Payments-industry veterans Con Coughlin and Mackenzie Walsh have formed CardSmart.io, aimed at providing services including portfolio acquisition and merchant funding while working with independent software vendors, independent sales organizations, agents, and resellers.Houston-based P97 Networks Inc. announced it has been chosen by ExxonMobil Asia Pacific Pte Ltd. to enable mobile payments at Mobil-branded stations …
• 11 August

  Eye On Dining POS: Shift4 Adds Uber Eats; SpotOn Transact Buys SeatNinja

  

  With the Covid-19 pandemic accelerating restaurants’ transition to digital payment technology, processors Shift4 Payments Inc. and SpotOn Transact Inc. have beefed up their platforms through deals to add third-party applications.  Allentown, Pa.-based Shift4 has agreed to integrate San Francisco-based Uber Technologies Inc.’s Uber Eats delivery app to its point-of-sale platform. …
• 11 August

  Eye on Contactless: Touchless Comes to Wynn Resorts And Klarna Adds a Google Pay Option

  

  More contactless payment options are coming for Las Vegas visitors and shoppers who want to make installment purchases in stores. FreedomPay says it has installed contactless and touchless payment systems at more than 100 venues at the Wynn Las Vegas and Encore Boston Harbor resorts. Meanwhile, installment-payment provider Klarna AB …
• 11 August

  Fortis and Blue Dog Merge and other Digital Transactions News briefs from 8/11/20

  

  Payments providers Fortis Payment Systems LLC and Blue Dog Business Services LLC announced they have merged. Terms of the transaction were not disclosed.ATM portfolio manager Payment Alliance International Inc. said it has acquired the Cash-N-Go ATM portfolio of Cash N Go ATM Network Inc. The deal adds almost 400 machines to Payment Alliance’s portfolio, …
• 10 August

  COMMENTARY: Have We Reached a Tipping Point for Digital And Mobile Wallets?

  

  North American shoppers are notorious for their devotion to plastic. Credit cards remain the leading consumer payment method across the Continent today. However, mobile-payment methods are slowly revolutionizing the way they pay.  In a recent consumer-behavior survey by Worldpay from FIS, 56% of respondents admitted they believed smart phones will …
• 10 August

  Billtrust BPN Volume Increases and other Digital Transactions News briefs from 8/10/20

  

  Helped by a collaboration with Visa Inc., Billtrust’s Business Payments Network recorded a 118% increase in payments volume in the first half of 2020 compared to the same period last year. BPN enables banks and corporate buyers to send digital payments to suppliers’ acceptance platforms.Capital Bank N.A. said it has upgraded its digital …
• 10 August

  E-Commerce And Other Payment Trends Were Catching Fire Even Before Covid, a Debit Study Shows

  

  Key payment trends now being driven by the Covid-19 pandemic were already gaining a full head of steam much earlier, according to debit card transaction data released early Monday by the Houston-based Pulse electronic funds transfer network. Stay-at-home policies and business closings starting in March drove consumers to spend online and …
• 7 August

  Kroger To Test Contactless Payment Acceptance and other Digital Transactions News briefs from 8/7/20

  

  The Kroger Co. is testing contactless payments at some of its QFC (Quality Food Center) locations. The test includes acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps, and contactless NFC cards. Kroger already accepts its Kroger Pay app. The QFC division is based in Seattle.ATM operator Cardtronics …
• 7 August

  With a Compliance Deadline Looming, Technology Emerges to Ease Gas Pump EMV

  

  Sound Payments Inc., a multichannel technology provider that offers point-of-sale solutions for the petroleum industry, expects its partnership with National Retail Solutions, a subsidiary of IDT Corp., to accelerate adoption of EMV at in-pump card readers among independent gas stations and convenience stores. Sounds Payments argues its EMV in-pump card …