Point-of-sale

October, 2019

• 3 October

  C&H Merges with Mann and other Digital Transactions News briefs from 10/3/19

  

  C&H Financial Services Inc. said it merged with Mann Merchant Processing Systems LLC to expand its East Coast operations and grow. The combined company will use the C&H brand. Terms were not disclosed.Merchant acquirer Elavon Inc., a subsidiary of U.S. Bancorp, acquired Gothenburg, Sweden-based payments provider Payius AB. Payius has been an …
• 1 October

  UnionPay International Claims 28 Million Merchants and 120 Million Cards

  

  The Shanghai-based UnionPay International payment network reported Monday that it now has 28 million accepting merchants outside of China and 120 million cards issued by non-mainland financial institutions since it launched its global business in 2004. But while UnionPay International now has a presence in 176 countries, with Chile and …
• 1 October

  Mobile Payments Firm AeroPay Launches a Cash-Back Incentive

  

  AeroPay, the mobile-payments service from Aero Payments LLC, debuted a 1% cash-back rewards program for its users. AeroPay, which uses a connection to the automated clearing house network for its transactions via Dwolla Inc., says consumers using its iOS or Android app can earn unlimited 1% cash-back rewards. The payout …
• 1 October

  Pricing Is Top FedNow Inquiry and other Digital Transactions News briefs from 10/1/19

  

  The Federal Reserve, which is taking industry comments on its upcoming FedNow real-time payments network until Nov. 7, said common questions so far involve pricing and the scope of the service. The first question can’t be answered yet, and the second touches on services that will be designed by financial institutions building on top …

September, 2019

• 30 September

  New York Sues Dunkin’ Over Breach and other Digital Transactions News Briefs from 9/30/19

  

  The New York attorney general is suing Dunkin’ Brands Group Inc. for allegedly violating the state’s data-breach notification act by failing to notify nearly 20,000 customers that their Dunkin’ accounts had been compromised in a series of brute force cyberattacks beginning in 2015. Hackers also gained unauthorized access to more than 300,000 accounts in …
• 27 September

  TSYS-Global Merger ‘Best of the Bunch’ and other Digital Transactions News briefs from 9/27/19

  

  The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …
• 26 September

  How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy

  

  Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …
• 26 September

  AmEx Issues Contactless Guide and other Digital Transactions News briefs from 9/26/19

  

  American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …
• 25 September

  Square Drops Longstanding 2.75% POS Pricing for a Percentage-Plus-Fee Plan

  

  Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …
• 24 September

  Sales Focus May Be ISOs’ Best Asset As They Court ISVs And VARs

  

  Merchant-services companies may already have the best tool for courting independent software vendors and software developers. It’s the sales model. That’s the word from a panel at last week’s Western States Acquirers Association conference in Rancho Mirage, Calif. Many payment providers are looking to integrated payments, often an integral part …