Point-of-sale

January, 2020

• 8 January

  Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance

  

  For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …
• 8 January

  15 Campuses Adding Google Pay Support for Student IDs

  

  College and university payment and identity-services provider Transact Campus Inc. announced it is adding support for Google Pay, enabling eligible students to use Google Pay on campus. Phoenix-based Transact Campus said its Transact Mobile Credential for Google Pay, which is the mobile-payment app on most Android smart phones, will be …
• 8 January

  Gift Card Spending Doubles and other Digital Transactions News briefs from 1/8/20

  

  Consumers spent 7% more on gift cards during the 2019 holiday shopping season than in the same period in 2018, doubling the 3.4% gain seen in 2018 over 2017, according to data from prepaid program manager Blackhawk Network Holdings Inc., which did not release absolute spending numbers.The U.S. Treasury Department’s Bureau …
• 7 January

  MyPinPad Gets Added PCI Certification and other Digital Transactions News briefs from 1/7/20

  

  MyPinPad, a provider of technology enabling PIN entry on off-the-shelf mobile devices, said it has been granted certification from the PCI Security Standards Council for its software-based PIN entry on a Commercial off-the-shelf (SPoC) product for iOS.Shift4 Payments Inc., which filed for a proposed public offering in December, said it completed certification …
• 6 January

  For Bitcoin, 2019 Was a Bit Less Wild, But Volatility Still Haunts the World’s Biggest Digital Currency

  

  Bitcoin entered 2020 on a high note but remains a volatile cryptocurrency, both in value and in transaction cost. That volatility can reward savvy users but continues to hinder the leading cryptocoin’s usefulness as a payment method. The coin exited 2019 with a value exceeding $7,000, roughly double what it …
• 6 January

  MoneyGram Notes Growth and other Digital Transactions News briefs from 1/6/20

  

  MoneyGram International Inc. announced online transactions grew more than 70% year-over-year between Dec. 1 and Dec. 25, a record growth rate for that period. The money-transfer provider, which did not report the actual transaction volume, said 80% of the transactions were initiated on a mobile device.PayPal Holdings Inc. has closed on its …
• 3 January

  Payment Stocks Sputtered Toward 2019’s End, but They Still Outperformed the Market for the Year

  

  Payment-company stocks lost ground as a group in December and didn’t match the major market indexes in the fourth quarter, but they still bested the indexes for all of 2019, according to a new report. Twenty-six electronic-transaction processor stocks monitored by Chicago-based Barrington Research Associates Inc. posted a negative mean …

December, 2019

• 31 December

  Mercado Pago Adds PayPal Checkout Option and other Digital Transactions New briefs from 12/31/19

  

  PayPal Holdings Inc. announced it has signed a commercial agreement with MercadoLibre, a major e-commerce marketplace in Latin America. As part of the deal, PayPal will become a payment choice in the Mercado Pago online checkout for customers in Brazil and Mexico, a move PayPal says could lead to PayPal users getting …
• 26 December

  Citcon Prevails in Source Code Lawsuit and other Digital Transactions News briefs from 12/26/19

  

  Citcon USA LLC said it prevailed in a lawsuit against Canada-based RiverPay Inc. over allegations of misappropriation of source code trade secrets. Citcon, which helps North American merchants integrate Chinese mobile wallet acceptance, sued RiverPay in 2018 in the U.S. District Court for the Northern District of California because it said RiverPay …
• 23 December

  Fleetcor Contests FTC Lawsuit and other Digital Transactions News briefs from 12/23/19

  

  Fleetcor Technologies Inc., a payments processor for fleet-fueling cards and other products, issued a statement contesting a Federal Trade Commission lawsuit filed against the company Dec. 20 and asserting it will “vigorously” defend itself against the agency’s complaint in court. The FTC alleges Fleetcor charged customers “at least hundreds of millions of …