Digital Transactions Authoritative, insightful and timely information for payments professionals
While denying any wrongdoing in the matter, card manufacturer CPI Card Group Inc. settled two patent lawsuits with Gemalto S.A. Under the terms of the settlement, CPI Card Group agreed to make a one-time $750,000 payment in the fourth quarter. Both lawsuits will be dismissed and both parties agreed not …
October, 2017
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2 October
Delivering a Unified Service Beyond Today’s Omnichannel World
In order to compete in the marketplace, ISOs and agents are going to have to adapt and learn to navigate the rapid tech-driven needs of their merchants based on the consumer demand. Omnichannel is cited as the leading digital priority for 22 percent of retailers [i], providing consumers with …
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2 October
Processing Execs Push ISOs to Adopt New Thinking on Topics From Pricing to Technology
A panel of processing executives on Thursday sought to shake an audience of merchant-sales representatives out of traditional ways of thinking about critical matters ranging from pricing to new technology. In some cases, years-old tactics came under attack. “How many of you are giving a free terminal away and competing …
September, 2017
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29 September
ISVs Aren’t Likely to Elbow ISOs Aside Any Time Soon, a Panel of Acquirers Argues
With the rise of the independent software vendor, do traditional independent sales organizations still have a role to play—and if they do, what is it? That question may have been unthinkable a few years ago, but now some observers see ISVs shoving ISOs aside as they code new applications for …
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29 September
Faster Payments by 2020: Incredibly Unrealistic, Doable, or Both?
The Federal Reserve’s call for a faster-payments system to be in place in the United States by 2020 has been termed everything from a vision to a goal, a soft goal, or a deadline. One thing it isn’t is a mandate. So can faster payments arrive in less than two …
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29 September
Whole Foods Reports Taproom Breach and other Digital Transactions News briefs from 9/29/17
Grocer Whole Foods Market, now a unit of Amazon.com Inc., said it is investigating a breach of the point-of-sale software used in its taprooms and full-service restaurants in some of its stores. Whole Foods did not say how many locations or how many cards are affected. It said the payment system for the …
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28 September
Operation Choke Point Officially Is Dead, but an ATM Trade Group Believes Its Ghost Lingers
It was just over a month ago that a ranking U.S. Department of Justice official told Congress that Operation Choke Point had ended. But the ATM Industry Association on Wednesday said it is distributing materials to its members to help them deal with the “lingering impact” of the controversial program. …
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28 September
First Data Debuts Disbursement Service and other Digital Transactions News briefs
Canadian pension-fund manager Caisse de depot et placement du Quebec and private-equity firm Novacap said they would invest in Quebec-based Pivotal Payments, valuing the merchant processor at about C$525 million ($424 million), Pivotal Payments announced. Processor First Data Corp. introduced its “Disburse-to-Debit” service that pushes funds across debit networks so that businesses can …
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28 September
Square Invests $25 Million in Eventbrite; Adds Apple Pay E-Commerce Integration
Merchant processor Square Inc. will provide payment services to Eventbrite Inc., which provides a platform for ticket sales, and will invest $25 million in the company, Square announced Thursday. Earlier, Square said it will make Apple Inc.’s Apple Pay service available to merchants using its Square Checkout online service. Square said …
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27 September
Look for the Faster-Payments Landscape To Come Into Sharper Focus in the Coming Months
There are still many unknowns, but siding and the roof are on order for the frame of the Federal Reserve’s faster-payments project. That’s the message conveyed Tuesday by Fed officials and payments-industry executives who participated in a years-long effort to speed up U.S. electronic payments as well as make them …
