News

May, 2018

• 9 May

  Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

  

  First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …
• 8 May

  First Atlantic Commerce Expands Into Canada and other Digital Transactions News briefs from 5/8/18

  

  Jim Lofgren has been appointed chief executive of Nosto, an online retail personalization firm. Most recently, Lofgren led Klarna AB’s North American operations. Payments provider First Atlantic Commerce announced an expansion into Canada through its virtual terminal for call centers. Bluefin Payment Systems is providing point-to-point encryption services as part …
• 8 May

  USA Technologies Nearly Doubles Its Connection Counts While Leveraging Its Cantaloupe Deal

  Unattended payments continue to bear fruit for USA Technologies Inc. as the company said its connections increased 92.3% in its fiscal third quarter from a year ago. Malvern, Pa.-based USAT said its connections totaled 969,000 in the quarter ended March 31, up from 504,000. Its total number of customers, at …
• 8 May

  Microsoft Enables Email Users to Pay Billers Without Leaving Outlook

  

  Microsoft Corp. is adapting its Microsoft Pay wallet to allow users of Outlook to pay bills and invoices they receive in the email program. The new feature, announced Monday at a company-sponsored developer conference, will become available to “a limited number” of users of Outlook’s Web-based service “over the next …
• 7 May

  Global Payments Goes Camping in Its Quest for New Integrated-Payments Partners

  

  Merchant acquirer Global Payments Inc. is teaming up with yet another company owned by private-equity firm Vista Equity Partners as it looks for new opportunities to integrate payment processing with software providers serving a wide range of businesses. Last week, Atlanta-based Global announced a deal with RA Outdoors LLC, which …
• 7 May

  SignaPay’s PayLo Program Signs Reseller and other Digital Transactions News briefs from 5/7/18

  

  Payments provider St. Louis Merchant Services announced it is offering the PayLo Cash Discount Progam from SignaPay Ltd. Fiserv Inc. has teamed with fraud-analytics firm Rippleshot to offer Card Risk Office, an early-detection service that allows client institutions to identify potential fraud anywhere from 30 days to 60 days before …
• 7 May

  An Airline Group Is Developing a Payment System That Would Bypass the Card Networks

  

  An airline trade group has teamed up with Germany’s Deutsche Bank to develop a payment system that would bypass the credit card networks, potentially saving users billions in interchange. The proposal comes from the International Air Transport Association, which says it has 280 members representing 83% of air traffic. The …
• 7 May

  Syncapay’s Acquisition Ambition Begins With Disbursements

  

  A new entry in the arena for payments-related acquisitions, Syncapay, is targeting specialists in disbursements and payouts. Plano, Texas-based Syncapay debuted last week with the intent to acquire payments companies that could benefit from shared services, while retaining the autonomy that differentiates them. “We are not looking at doing a …
• 7 May

  A Disappointed Investor Sues Ripple, Alleging Its XRP Is a Security, Not a Digital Currency

  

  Ripple Labs Inc. has notched a number of successes lately for its distributed-ledger technology, but now it finds its cryptocurrency, known as XRP, is caught up in a lawsuit that reflects a larger debate over whether such digital tokens constitute securities. Ryan Coffey, an investor who bought XRP in January …
• 4 May

  Risk Levels Surge for E-Commerce And for Payment Processors, Finds ThreatMetrix

  

  E-commerce attacks increased 93% in the first quarter of 2018 in comparison to the same quarter a year ago, finds the Q1 2018 Cybercrime Report from ThreatMetrix, a unit of LexisNexis Risk Solutions. Based on an analysis of 210 million attacks ThreatMetrix detected and stopped on behalf of its clients, …