Digital Transactions Authoritative, insightful and timely information for payments professionals
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, …
July, 2017
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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 …
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29 June
NanoPay Debuts a Payment Service for Its Digital Currency, MintChip
Canadian merchants now have a self-service tool to accept digital cash in stores via the MintChip Retail Payment Platform announced Wednesday by nanoPay Corp. NanoPay purchased MintChip, a digital currency developed by the Royal Canadian Mint, in 2016. “Since acquiring MintChip from the Royal Canadian Mint, we have focused on enhancing …
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29 June
Mobile-Accepting Merchants Register Mixed Results in Risk Detection, Survey Reports
With much of the payments business focused on mobile payments, merchants are making progress in dealing with the payment method but are still lagging in key areas, such as the ability to identify overseas transactions, according to survey results released Thursday. Risk-detection, in particular, is an area where results are …
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29 June
POS Portal Sold to ScanSource and other Digital Transactions News briefs
Point-of-sale technology vendor ScanSource Inc. has agreed to acquire POS Portal, a supplier of payment devices and services, for $144.9 million in cash plus an earn-out payment up to $13.2 million contingent on earnings before interest, taxes, depreciation, and amortization for the 12 months leading up to Nov. 30. The deal is expected …
