News

November, 2018

• 6 November

  In the Shadow of Amazon, 7-Eleven’s Scan & Pay Brings Mobile Checkout to the C-Store Chain

  

  Consumers shopping at 14 7-Eleven Inc. stores in the Dallas area can test the convenience-store chain’s new Scan & Pay feature to make purchases without stopping at the checkout counter, 7-Eleven announced Monday. The service, part of the 7-Eleven app that also houses the 7Rewards loyalty feature, enables consumers to …
• 5 November

  October’s Market Tumult Ensnares Most Processor Stocks

  

  The stock-market volatility in October, which saw the Standard & Poor’s 500 stock index decrease 7.8% by the end of the month, spared few of the publicly held payment processors tracked by Barrington Research, a Chicago-based investment firm. In its monthly report, Barrington Research says only Puerto Rico-based Evertec Inc., …
• 5 November

  How Two New Collaborations Could Speed up the Move Toward Digital B2B Payments

  

  Payments between businesses have long remained ensnarled in paper processes that consumer payments have largely left behind, but lately signs have emerged that technology is at work streamlining business-to-business transactions. On Monday, fleet-fueling and corporate-payments specialist WEX Inc. said it will work with American Express Co. to allow clients to …
• 5 November

  Mitek Rejects ASG’s ‘Underwhelming’ Buyout Offer

  

  Mitek Systems Inc. reported early Monday that its board of directors “unanimously rejects” last week’s unsolicited buyout offer from business software firm ASG Technologies Inc., saying it “is not in the best interests of Mitek’s shareholders.” Today’s announcement is no surprise. Chairman Bruce Hansen on Thursday signaled that he and …
• 5 November

  Cardtronics Lands RaceTrac ATM Placement and other Digital Transactions News briefs from 11/5/18

  

  Cardtronics plc said it is the exclusive ATM provider to 121 RaceTrac convenience stores in the Dallas-Fort Worth area. The ATMs bear the Credit Union of Texas brand. Worldpay Inc. announced a multiyear agreement to be the exclusive provider to the National Association of Convenience Stores Payment Processing Program, which …
• 2 November

  Cardtronics Feels 7-Eleven Impact and other Digital Transactions News briefs from 11/2/18

  

  ATM network owner Cardtronics plc reported revenues of $340.2 million for the third quarter, down 15% from $402 million a year earlier primarily because of the removal of its ATMs from its former largest retailer customer, 7-Eleven Inc., and currency effects. U.S. same-store withdrawal transactions rose 6%, driven by growth …
• 2 November

  The ACH Network Extends Its Hot Streak And Looks to Even Bigger Gains for Same-Day Volume

  

  Transactions on the nation’s automated clearing house network exceeded 5.6 billion in the quarter ended Sept. 30, rising by 354 million transactions, or 6.7%, compared to the same quarter in 2017, according to numbers released Thursday by NACHA, the regulatory body for the ACH. The third-quarter growth means volume has …
• 1 November

  Eye on Mobile: Apple Pay’s Growth Surge Continues; Mitek Cool to Buyout Offer

  

  Apple Pay continues to gain strong adoption, Apple Inc. chief executive Tim Cook reported Thursday. Also on Thursday Mitek Systems Inc., a small but prominent provider of software for mobile remote deposit capture and identity verification, gave a decidedly cool response in its first comments about a $425 million buyout …
• 1 November

  Eye on the Checkout: Target Adds Mobile Checkout; Harry & David Updates Online Checkout

  

  Target Corp. is adding mobile checkout to its stores in time for the holiday shopping season, the Minneapolis-based retailer announced Thursday. Target employees, equipped with handheld devices, can accept card payments anywhere in a store after scanning each product in a shopping cart. The service enables consumers to skip the …
• 1 November

  Software Firm Tries Again To Buy Mitek Systems

  

  Software developer ASG Technologies Group Inc., a portfolio company of the hedge fund Elliott Management Corp., on Wednesday announced a $425 million offer to buy Mitek Systems Inc., a leader in the mobile remote deposit capture software market that also provides identity-verification and related applications. San Diego-based Mitek issued no …