Digital Transactions Authoritative, insightful and timely information for payments professionals
What’s the measure of a well-performing payment gateway? Time. Or, rather a lack of time. Gateways, which route online transactions to one of multiple payment processors, are judged on their speediness and reliability. That’s why The Strawhecker Group, an Omaha, Neb.-based payments consultancy, started its Gateway Enterprise Metrics platform. The …
July, 2017
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5 July
Evertec Completes EFT Group Acquisition and other Digital Transactions News briefs
Puerto Rico-based payment processor Evertec Inc. completed its $38.5 million acquisition of Chile-based EFT Group S.A., which uses the PayGroup brand. PayGroup provides payment processing and software services to financial institutions throughout Latin America. Alipay, a mobile wallet used primarily in China and abroad by Chinese travelers, said Chinese food supplier Han Feng Inc., …
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3 July
As July 4 Looms, Fireworks Stores Get Set for Hordes of Customers Armed With EMV Cards
As Independence Day nears with all its festivities, fireworks stores are preparing for their largest selling season of the year with EMV chip card acceptance. It evoked a sigh of relief from Bill Weimer, vice president and general counsel of Phantom Fireworks, when the company’s point-of-sale system achieved EMV compliance. …
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3 July
POS Portal Acquisition Will Add Payments Components to ScanSource’s Offerings
The pending $145 million acquisition of point-of-sale terminal and equipment distributor POS Portal by ScanSource Inc. will bring together two companies that provide merchants with the equipment they need at checkout counters and back offices, but which have little overlap in their customer bases and distribution channels. Founded in 2000, …
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3 July
Interact Outage Resolved and other Digital Transactions News briefs
Payments provider Harbortouch Payments LLC said its point-of-sale systems will be featured on new episodes of Spike TV’s “Bar Rescue” program in an exclusive deal with the show. Canada’s Interac debit network announced Sunday that its e-Transfer person-to-person payment service was back online after sustaining an “internal technical issue” that first appeared intermittently Thursday …
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1 July
How to Earn More Profit from Accepting High Risk Businesses
There is a desire to make money and the desire to avoid risk. In between is where profit lies. As many ISOs and merchant sales agents know, higher volume, complex, higher risk and hard to place merchants represent a significant profit opportunity. But to benefit, you need the …
June, 2017
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30 June
A Weekend Promotion Yields 30% of Transactions Made With Apple Pay at Square Sellers
Apple Inc.’s “Lose your wallet” Apple Pay promotion apparently paid off handsomely for Square Inc. The promotion, which ran June 23-25, saw 36 local merchants in two San Francisco neighborhoods offer discounts or free items with a purchase when consumers paid for the purchase with Apple Pay, the brand’s mobile-payment …
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30 June
Missouri Congressman Aims Two Guns at Operation Choke Point
Never mind that the Democratic administration that created Operation Choke Point is gone, a Republican Congressman wants to be doubly-certain that the controversial program that tries to cut off payment services to fraudulent merchants dies. So he has proposals to kill Operation Choke Point in not one but two bills. In …
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30 June
Ripple Rolls Out Remittance Service and other Digital Transactions News briefs
Ripple Labs announced the rollout of a real-time remittance service between Thailand and Japan, based on Ripple’s blockchain. The rollout follows what was said to be the first blockchain-based commercial money transfer across borders, which occurred in April between Spain and Mexico and involved Ripple’s technology. CryptoCoin Creations released its CryptoCoinTracker 2.1, an …
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29 June
FIS Expands Cardless Cash to Thousands of U.S. Cardtronics ATMs
Cardless cash access at ATMs is expanding. ATM operator Cardtronics plc, which owns or operates more than 233,000 ATMs globally, is adding FIS Cardless Cash access to its U.S. machines, Fidelity National Information Services Inc. (FIS) announced Thursday. Launched in 2015, FIS Cardless Cash enables consumers to stage cash withdrawals using …
