Digital Transactions Authoritative, insightful and timely information for payments professionals
• The National Retail Federation and the Retail Industry Leaders Association on Tuesday asked the U.S. Supreme Court to let stand an appellate court’s ruling last June striking down the controversial 2012 settlement between merchants on the one side and Visa, Mastercard, and some big banks on the other in a long-running antitrust class …
February, 2017
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22 February
Square Reports Strong Quarter; Could the Future Include Deals With ISOs?
By Jim Daly@DTPaymentNews Square Inc.’s gross payment volume rose 34% year-over-year in the fourth quarter, generating strong revenues and other financial metrics despite large merchants accounting for a bigger share of volume. The San Francisco-based merchant processor late Wednesday afternoon also gave an upbeat outlook for 2017, all of which …
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21 February
Synchrony Financial’s Growing CareCredit Unit To Buy Citi’s Health Card Portfolio
By Jim Daly@DTPaymentNews CareCredit, the health-care financing unit of the big private-label and cobranded credit card provider
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21 February
Klarna Allies With Radial As It Builds U.S. Market Share in Online And Mobile Payments
Up against formidable competitors like PayPal Holdings Inc., Sweden’s Klarna is seeking every edge it can find for increased U.S. market share in online payments. That effort received a boost on Tuesday with the announcement by omnicommerce specialist Radial that it has integrated Klarna on it platform, which supports hundreds …
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21 February
Gulf Pay, Built on P97 Tech, Will Join Growing List of Gas Wallets Later This Year
Gulf Oil L.P. becomes the latest fuel retailer to offer its own mobile-payment app with the introduction Tuesday of Gulf Pay. The service, scheduled to be tested at some New England and New York locations in the first half of 2017, eventually will accept Mastercard Inc.’s Masterpass digital wallet. Further …
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21 February
SignaPay Launches Cash Discount Program and other Digital Transactions News briefs
• Merchant processor SignaPay Ltd. announced the official launch of its PayLo software, which allows merchants to collect what the company calls a “small” service fee on each transaction processed on merchants’ point-of-sale terminals. The fee is waived if the customer uses cash or a gift card. SignaPay says the software is …
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21 February
As Retailers Ramp Up Their Mobile Wallets, Android Pay Also Expands Its Reach
By Jim Daly@DTPaymentNews As retailers such as Wal-Mart Stores Inc. and Kohl’s Corp. ramp up their mobile wallets, the tech companies that offer general-purpose SimplyTapp Inc. developed the original HCE technology. Google, now the main subsidiary of Mountain View, Calif.-based Alphabet, included HCE in late 2013 in Android 4.4, also …
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20 February
In the Cascade of Retailer Mobile Apps, Store Cards, Brand Strength Will Matter
By John Stewart @DTPaymentNews Not all private-label charge and prepaid card programs are equally successful, and so neither will be the proprietary mobile wallets recently launched by merchants. Factors that are likely to lead to a successful app include the strength of the retailer’s brand, its commitment to either convenience …
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20 February
Ingenico Readies Its POS App Marketplace for U.S. Merchants And Acquirers
By Kevin Woodward@DTPaymentNews Point-of-sale terminal maker Ingenico Group is bringing its POS app store based on its Telium Tetra operating system to the United States this year, company officials tell Digital Transactions News. POS apps enable merchants to load and use business software than can help with employee scheduling, manage …
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20 February
A Health Care Payment Option Launches and other Digital Transactions News briefs
• Abilene Diagnostic Clinic has adopted the One Bill solution from health-care payments processor InstaMed, allowing patients to deal with a single statement embracing all ADC locations. • In related news, Change Healthcare, a specialist in analytics software, introduced Personalized Communications for its billing and payments solution. The new service is aimed at billing …
