Digital Transactions Authoritative, insightful and timely information for payments professionals
ParkMobile LLC, a provider of mobile parking payments, said it has reached 18 million users after a 110% two-year growth rate. It also said it has appointed John Brown chief operations officer. Brown previously held executive positions at Clutch Technologies, Cardlytics, and Fiserv Inc.Payment card provider CPI Card Group Inc. announced its …
February, 2020
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18 February
Survey: Americans Have $21 Billion in Unused Gift Card Balances
All those unredeemed gift cards in people’s drawers and on dresser tops are adding up. New research from Bankrate LLC estimates the total value of Americans’ unredeemed gift cards and leftover store credits at $21 billion. Bankrate says its survey, the firm’s first of its kind, found the average adult …
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18 February
Perk Hero Debuts as Glance Technologies Changes Its Name Amid a Quest for Younger Consumers
The payment habits of Generation Z and Millennial consumers are providing some of the motivation for Glance Technologies Inc. to change its name and mission. Millennials were born between 1981 and 1996, and those born in 1997 and later are Gen Z members. Announced Tuesday, the new corporate name is …
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18 February
Fiserv Tests PIN-on-Mobile and other Digital Transactions News briefs from 2/18/20
Fiserv Inc. said its First Data unit is piloting PIN-on-mobile technology in Poland, with plans to expand the program to the rest of Europe, the Middle East, Africa, and the Asia-Pacific region. The technology, which allows merchants to accept PINs on off-the-shelf mobile devices, was developed in collaboration with Visa Inc., Samsung Electronics …
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17 February
A German Company Unveils a Checkout Buster That Relies on Breakthroughs in RFID Scanning
As merchants and their technology partners continue to develop technology to ditch the familiar checkout, a German entrant on Monday demonstrated a system that would use radio-frequency identification to charge customers as they walk out with their goods. The system, dubbed “payfree,” involves an app that consumers would install in …
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17 February
Restaurant POS Systems and Payments Provider Toast Raises $400 Million in Expansion Drive
Toast Inc., a software, point-of-sale hardware, and payments provider for restaurants, has raised $400 million in another funding round. The Boston-based firm introduced its first POS device in the spring of 2018, and among its services it acts as a payment facilitator for restaurants. The company says revenue increased 109% in …
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17 February
Chargebacks911’s Tips on BOPUS Fraud and other Digital Transactions News briefs from 2/17/20
Chargebacks911 released a set of tips for retailers about managing buy-online, pickup-in store fraud.VersaPay Corp., a provider of electronic invoice presentment and payment, said its shareholders overwhelmingly approved acquisition of all outstanding common shares by 1233518 B.C. Ltd., an affiliate of private-equity firm Great Hill Partners. Shareholders will receive $2.70 Canadian …
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14 February
How You Walk Could Some Day Soon Let You Pay to Ride
Two big trends in payments, mass-transit ticketing and advanced authentication technology, could come together soon as Mastercard Inc. develops a system that could identify users simply by the way they walk. Working on the idea that each person has a unique gait, Mastercard and its NuData Security unit are talking …
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14 February
Checks’ Last Bastions Include Older Consumers, Businesses, and Bill Payments
The decline of checks over recent decades is a well-known story, but there were still 14.5 billion check payments in 2018, according to Federal Reserve research. So just who’s still writing checks, and for what kinds of payments? “All things being equal, older, low-income, non-minority group members are more likely …
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14 February
Ingenico Names New North America Executive and other Digital Transactions News briefs from 2/14/20
Ingenico Group S.A. named Peter Stewart executive vice president of Ingenico North America. Stewart has more than 25 years of experience in the technology industry. A specialist in point-of-sale equipment and processing, Ingenico Group has agreed to be acquired by processor Worldline S.A. in an $8.6 billion deal.CHR Corp., which does business under …