News

February, 2018

• 9 February

  NCR’s ATM Revenues Dip as POS Equipment Sales Rise

  

  ATM manufacturer NCR Corp. reported Thursday that its ATM revenues declined 21% in the fourth quarter, but point-of-sale hardware revenues grew 23%. Total revenues at Atlanta-based NCR came in at $1.78 billion, down 1% from $1.8 billion in 2016’s fourth quarter and off 3% on a constant-currency basis. The company …
• 9 February

  March of the Cryptos: All of the Top 10 Digital Currencies Rise This Week

  

  The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …
• 9 February

  NRF’s 2018 Forecast and other Digital Transactions News briefs from 2/9/18

  

  The National Retail Federation predicts total industry sales this year will increase 3.8% to 4.4% over 2017’s levels, with online and other non-store retail sales rising 10% to 12%. A startup called WeTravel, which streamlines travel planning, booking, and payments for small businesses, has closed a $2 million funding round. …
• 8 February

  Digital and Other New Services To Drive 7%-Plus Annual Growth in the Prepaid Market, Aite Predicts

  

  The prepaid market can expect to grow more than 7% annually over five years, but unlike its early days in which plastic gift cards and government payments dominated, much of the growth will come from new virtual uses for prepaid products, according to a new Aite Group LLC report. Boston-based …
• 8 February

  Don’t Know About TLS? You, and Your Merchants, Soon Will

  

  A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …
• 8 February

  Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin

  

  It was probably only a matter of time before someone combined contactless payment, wearable devices, and cryptocurrencies. On Thursday, Fit Pay Inc. announced a device that will let users convert digital currency holdings into fiat currency for transactions at any point of sale capable of contactless interaction using near-field communication. …
• 8 February

  Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

  Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …
• 8 February

  Apptizer App Integrated into Verifone Carbon and other Digital Transactions News briefs from 2/8/18

  

  Payment-processing hardware and software provider VeriFone Systems Inc. said the Apptizer mobile order-ahead app is now integrated with its Verifone Carbon point-of-sale devices. In related news, VeriFone said Helsinki-based Euroloan Group Plc’s Mash application is now integrated into the Verifone Connect system, enabling consumers to select a pay-later option when …
• 7 February

  Fraudsters’ First Love: Signature Debit Cards

  

  Criminals target signature-based debit cards for fraud attempts far more than any other payment method, according to new findings from the Federal Reserve Bank of Minneapolis. The Minneapolis Fed’s survey last summer, which garnered responses from 283 banks and credit unions across the country, found that more than 90% of …
• 7 February

  ProPay Launches Payment Network for Software-as-a-Service Firms

  

  ProPay, a unit of Total System Services Inc. (TSYS), announced the debut of the ProPay Payment Network Wednesday. The service targets software-as-a-service providers and aims to make it easier for them to make payments among merchants, marketplaces, affiliates, consultants, and partners. TSYS says it does that through a single point …