Point-of-sale

February, 2020

• 28 February

  COMMENTARY: Worldline And Ingenico: The What, the Why, And What’s Next? Part I

  

  Worldline S.A.’s $8.6 billion bid to buy Ingenico Group S.A. would create a Gallic champion to take on America’s processing titans—Fidelity National Information Services Inc. (FIS), Fiserv Inc., and Global Payments Inc.—all of which have significant European businesses, though none has made headway in the Continent’s second-largest payment market, France.  …
• 28 February

  Fraud Schemes Get ‘Scary’ as Chip Cards Push Crime Away From the Point of Sale

  

  Payment-related fraud continues to diversify as EMV chip cards make counterfeit fraud at the point of sale far harder to commit. For example, the FBI last September said cumulative global losses, as reported to the bureau, from business email compromises and other email fraud totaled $26.2 billion from June 2016 to …
• 28 February

  USAePay Adds Shopaccino Integration and other Digital Transactions News briefs from 2/28/20

  

  Payment gateway USAePay announced it now offers the Shopaccino eCommerce product and an integration with the USAePay gateway to merchants via its resellers.Craver Solutions Inc., which provides a branded mobile app to restaurants, said it is now integrated with the Clover point-of-sale platform from Fiserv Inc.Sphere, a service of payments-software provider TrustCommerce, said …
• 27 February

  Visa Says Fuel-Pump EMV Upgrades Are ‘Doing Pretty Well,’ But Others Are Skeptical

  

  With just over seven months to go before a crucial liability shift, just how well is the conversion of U.S. gasoline pumps to accept EMV chip cards going? It depends on whom you ask. Visa Inc. says it’s progressing nicely. “I think we’re actually doing pretty well,” Julie Scharff, Visa’s …
• 27 February

  Cafe Settles Surcharging Case and other Digital Transactions News briefs from 2/27/20

  

  A Wichita, Kan.-based restaurant chain will settle for more than $60,000 a case alleging it illegally added 4% surcharges on credit card transactions, The Wichita Eagle reported. Kansas is one of the four states that prohibit credit card surcharging.Big U.S. banks are providing the best payments-acceptance experience for merchants, but non-banks such as PayPal Holdings Inc. and Square …
• 26 February

  Cash App Helps Drive Growth for a Surging Square

  

  Cash App may be turning into the product that ate Square Inc. The company on Wednesday reported a big fourth quarter for the 4-year-old product as officials pointed to a strong performance overall for the full year. “2019 was a very good year for us,” Square chief executive Jack Dorsey …
• 26 February

  Clover Station Pro Debuts and other Digital Transactions News briefs from 2/26/20

  

  Fiserv Inc. announced its Clover unit has launched Clover Station Pro, a cloud-based point-of-sale device featuring a customer-facing countertop display and software specific to quick-service and full-service restaurants on the Clover platform.Elavon Inc., the merchant acquiring unit of U.S. Bancorp, announced the sale of its Mexico-based operations to banking giant Santander …
• 25 February

  Ajay Banga, Architect of Mastercard’s ‘Multi-Rail’ Strategy, Will Step Down As CEO in January

  

  Ajay Banga, chief executive of Mastercard Inc. for the past decade and the strategist who converted what had been mostly a consumer card network into a player in non-card and real-time payments, said Tuesday he will step down Jan. 1 as CEO. He will then assume the role of executive …
• 25 February

  With $70 Million in Fresh Funding, PayRange Is Ready To Displace Cash in Unattended Payments

  

  PayRange Inc. said its recent procurement of $70 million in funding will help accelerate its efforts to displace cash and convert cash-and-coin-only machines to electronic payments. Announced Tuesday, the funding will help with PayRange’s 2020 Consumer Choice Program. That is an effort to convert cash-only machines to electronic payments. Laundry operators, …
• 21 February

  Shopify Joins Libra, Defying a Wave of Defections From the Cryptocurrency Venture

  

  The controversial Libra cryptocurrency project gained a new member Friday with Shopify Inc.’s announcement it will join the Libra Association, the governing body for the fledgling venture. Shopify’s decision comes in the face of a string of eight high-profile defections from the association since October, including decisions by Mastercard Inc., …