News

June, 2017

• 1 June

  As Sellers Adopt EMV And Apple Pay, Square Pushes Its EMV/Contactless Reader

  

  With chip cards and contactless mobile transactions gradually working their way into more merchant checkouts, Square Inc. is pairing a couple of tried-and-true offers to push an 18-month-old card reader that handles both EMV and Apple Pay. In the latest wave of a promotional campaign that was announced in January, Square earlier …

May, 2017

• 31 May

  Global Payments Supplies Online Car Purchase Tech and other Digital Transactions News briefs

  • POS Portal Inc., a point-of-sale equipment distributor, said it is now supplying payment equipment via Retail Realm, a POS software distributor. • Merchant processor Global Payments Inc. said it is providing payment technology for Hyundai Motor UK’s “Click To Buy” platform, which lets consumers buy a car online from any participating …
• 31 May

  Android Pay Debuts for Canadian Debit and Credit Card Payments

  

  The Android Pay mobile-payments service from Alphabet Inc.’s Google unit is now live or about to go live in Canada, payments companies and media outlets reported Wednesday. Canada’s Interac Association national debit network said that its Interac Debit service will be available for Android Pay mobile payments beginning June 5 …
• 31 May

  Banks And Non-Banks Play to Their Strengths As They Eye a $1.2 Trillion P2P Market

  Financial institutions and third-party providers of digital person-to-person payments may have the same goal—ubiquity of service and adoption—but they’ll have to take different paths to get there, according to “Digital Person-to-Person Payments in the U.S.: The Competitive Landscape,” a report released last week by the Aite Group LLC. The P2P …
• 30 May

  COMMENTARY: For Health-Care Providers, the Check Is Still in the Mail

  

  While the benefits of electronic transactions for health-care payments—reduced operating costs, efficient processing, enhanced reliability, and strengthened security—are widely acknowledged, the health-care industry has faced many challenges keeping pace with standard electronic-payment adoption rates. And the problem will only get worse unless payment-solution providers expand their offerings to support the …
• 30 May

  First Data Increases Its ISV Footprint With Its $750 Million Acquisition of CardConnect

  

  Just six months after declaring that it intended to become a player in the independent software vendor (ISV) payments space, processor First Data Corp. late Monday said it has a deal to buy a prominent ISV, CardConnect Corp., for $750 million. “CardConnect has been investing in technology, dedicated sales, and specialized …
• 30 May

  Breach Confirmed at Most Chipotle Locations and other Digital Transactions News briefs

  • PayRange Inc., which specializes in mobile payments for vending machines, has extended its service to coin-operated laundry machines. The service is available for Speed Queen and Maytag machines, with other makes to come, the company said. • Quick-serve restaurant chain Chipotle Mexican Grill Inc. updated consumers about a breach of its point-of-sale system …
• 26 May

  Chip Card Shipments Top 2.1 Billion in 2016 But Show Signs of Leveling off in U.S., China

  

  Global shipments of chip cards surpassed 2.1 billion in 2016, a 4% increase from 2015, says the Smart Payment Association. “Following significant EMV rollout programs in the United States and China, 2016 saw shipment volumes begin to normalize to reflect growing market maturity in most major global markets,” said Sylvie …
• 26 May

  From the Wreckage of the Durbin Repeal Effort, Will ‘Son of Repeal’ Emerge?

  

  The decision to strip repeal of the Durbin Amendment from a Dodd-Frank overhaul bill puts a brake on the movement to get rid of the amendment’s debit card rules, but that may not necessarily be the end of the matter. Leading advocates for repeal vow to keep fighting, while a …
• 26 May

  Payment-Security Firms ControlScan and EchoSat Announce Merger

  

  Two prominent names in payment card security, ControlScan Inc. and EchoSat Inc., announced Thursday that they will merge. The combined companies, to operate under the ControlScan name, will service more than 775,000 card-accepting merchants across North America. ControlScan works with merchant acquirers and payment processors to provide merchants with a …