Digital Transactions Authoritative, insightful and timely information for payments professionals
Dutch payments processor Adyen N.V. is in the limelight just as the payments business has gotten hot. Ant Financial just raised the biggest private funding round ever—$14 billion at a $150 billion valuation, in part on the back of its Alipay unit. These are new and nontraditional entrants. The old …
June, 2018
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19 June
USAePay Notes Paradise POS Deal and other Digital Transactions News briefs from 6/19/18
Payment gateway Merchant Link said the Agilsys rGuest Pay v1.6 software for the hospitality industry is approved as a certified interface on Merchant Link’s network. Agilysis develops software for the hospitality industry. Payment gateway USAePay said the cash-discount program from Paradise POS, developer of iOS-based point-of-sale software, will be available …
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18 June
Electronic Payments Coalition Says Retailers Should ‘Pull Their Weight’ To Improve Payments
A lobbying group of payment networks and card issuers released consumer survey results Monday that it says show merchants should “step up and catch up” regarding payment card security and innovation. “Time and time again, retailers have shown they are more interested in cutting their own costs instead of making …
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18 June
ACH-Based GasBuddy Payment Service Marks 300,000-Plus Users
GasBuddy LLC, the fuel-price comparison service, said Monday more than 300,000 U.S. drivers have enrolled in Pay with GasBuddy, its fuel-discount program that uses the automated clearing house for transactions. Launched last year, Pay with GasBuddy connects a consumer’s checking account with a GasBuddy-issued card. After enrolling in the service …
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18 June
The U.K.’s Finastra Acquires Malauzai Software in a Bid for Mobile Services for Community Banks
Finastra, a London-based vendor of digital-banking software, announced Monday it has acquired Malauzai Software Inc., a 9-year-old company based in Austin, Texas. Terms were not announced. The deal brings to Finastra a company serving more than 350 community financial institutions with solutions for such digital services as mobile remote deposit …
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18 June
Gas Pump Maker Launches Retailer EMV Program and other Digital Transactions News briefs from 6/18/18
Fuel-pump maker Gilbarco Veeder-Root launched an exclusive EMV dispenser program for Chevron and Texaco retailers as the petroleum industry prepares for the 2020 EMV liability shift. Petroleum Card Services said the Oklahoma Petroleum Marketers & Convenience-Store Association named it as a payment-processing referral partner for its members. Garmin International Inc. launched …
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15 June
As Mobile’s Importance Increases, Ease of Use And Fraud Risk Take on a Higher Profile
By 2020, nearly 33% of merchants say the mobile channel will account for at least half of their total revenue. This, and other mobile-payments insights, come from the Kount Inc. 2018 Mobile Payments & Fraud Survey released Thursday. Now in its sixth year, the survey of almost 600 merchants found …
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15 June
Already Ahead of Venmo in Dollars, Zelle Is Poised to Jump Ahead in Users, a Forecaster Says
Now officially a year old, Zelle is steadily gaining momentum. San Francisco-based Bank of the West, the 29th largest bank in the country ranked by assets, announced Thursday it will join the bank-controlled person-to-person payment network, which already claims some of the biggest financial institutions in the country. Also this week, …
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15 June
JetPay Notes Software Integration and other Digital Transactions News briefs from 6/5/18
JetPay Corp. said Personify Inc., a technology provider for non-profits, has integrated JetPay’s payment-processing platform into its Personify360 system for managing memberships and business functions. In its first-ever fee change, online marketplace Etsy Inc. said it will increase its transaction fee to 5% on July 16 from the current 3.5%. …
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14 June
Sensing Strengths, Investors Send Adyen’s Valuation Skyrocketing
Experts have been saying that the payments business is hot, but few suspected it was this hot. The 12-year-old Dutch processor Adyen N.V. gained more ground Thursday on the Euronext Amsterdam exchange before closing the day at 438 euros, or $510, down 3.7%. That’s after finishing on Wednesday, its first …
