In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …
Read More »It’s Official: NCR Succeeds In Its Bid to Acquire Cardtronics in a $2.5-Billion Deal
NCR Corp. entered into a definitive agreement Monday to acquire ATM network operator Cardtronics plc for $39 a share in an all-cash transaction valued at $2.5 billion, including debt. The deal, which NCR plans to finance with cash on hand and financing from Bank of America N.A., is projected to …
Read More »A Look at the Dark Web Shows How Thieves Market Payment Data—And the Prices They Get
Much has been written over the years about the seemingly unending succession of data breaches involving credit card and other personal payment data. But little is known about the so-called dark Web, the sites where these data thieves set up shop to sell what they’ve pilfered. It turns out these …
Read More »PDI Expands Its Relationship With EG Group to All of EG’s U.S. Convenience Stores
Professional Datasolutions Inc., which provides software, including payments services, to convenience stores and gasoline wholesalers, announced Monday it has reached an agreement with c-store and gas-station operator EG Group to expand the use of its payment technology to about 1,700 EG Group sites across the United States. The agreement builds …
Read More »CardFlight Enters the Register-Replacement Arena With a Trio of Devices for Multiple Markets
CardFlight Inc., a provider of payment hardware and software-as-a-service payment applications, announced Wednesday a major product line expansion into the burgeoning market for countertop point-of-sale devices that can function as cash-register replacements. The new line of terminals, on which merchants can run CardFlight’s SwipeSimple software, includes a trio of models …
Read More »Digital Transactions’ 2020 Top 10 Countdown
Count down the 10 most popular stories published in the Digital Transactions News daily newsletter in 2020. #10 Processor Paya Will Go Public Via a So-Called SPAC Merger (Aug. 3) #9 Feeling Heat, Square Explains Its New Reserve Policy (June 23) #8 After Beating Wells Fargo Twice in Court, USAA …
Read More »PayPal Lines up Early to Help Stimulus Recipients Turn Their Checks Into Ready Cash
With a second round of federal stimulus payments having passed Congress, payments firms are lining up to help recipients speed the funds’ availability. PayPal Holdings Inc., for example, said late Tuesday it will waive the fees for stimulus recipients that it normally charges consumers to cash checks using its app. …
Read More »Texas Grocer H-E-B Offers SNAP Acceptance for Curbside Pickup And Home Delivery
The confluence of digital payments and economic hardship during the Covid-19 pandemic has led another major supermarket chain to offer SNAP EBT acceptance through its mobile app and on its Web site for curbside pickup and home-delivery orders. H-E-B, with 329 stores in Texas and another 55 in Mexico, said …
Read More »Will a U.K. Class Action Case Influence Interchange Policy in the United States?
A class of 46 million consumers in the United Kingdom cleared a major hurdle last week when the country’s Supreme Court ruled that a class-action suit brought against Mastercard Inc. for excessive interchange fees can proceed. But they still face a major challenge proving that consumers were materially harmed by …
Read More »Credit Card Use Dips 2% and other Digital Transactions News briefs from 12/7/20
Overall U.S. credit card use dipped 2% for the week ending Nov. 29 compared with the week ending Dec. 1, 2019, according to the Tracking Transaction Trends report from PSCU, a credit union service organization. Meanwhile, debit card use increased 4.9% for the same period. Regionally, the largest credit card drop was …
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