Transaction Processing

Unattended-payments specialist USA Technologies Inc. said it added more than 3,600 new customers in its fiscal year ending June 30, bringing its customer count to approximately 23,000. It ended its 2019 fiscal year with 19,400 customers. The addition comes as Malvern, Pa.-based USAT finds itself with new management, a reorganized …

American Express Co. named Colleen Taylor president of U.S. merchant services. Taylor has been executive vice president of merchant services at Wells Fargo & Co. and had worked at Mastercard Inc.The financial newspaper Barron’s is reporting that publicly held Puerto Rico-based payments processor Evertec has hired Goldman Sachs to advise on plans for a sale …

The chargeback process was introduced more than four decades ago as a consumer-protection mechanism. It was meant to inspire consumer confidence in payment cards, which were still a novel concept at the time. Fast-forward to today, though, and these forced payment reversals have evolved into a significant problem for online …

PayPal Holdings Inc. and Visa Inc. are adding cross-border payments to an agreement to route payments made through PayPal’s Instant Transfer Service through the Visa Direct platform. The expanded agreement will allow consumers and small businesses to send or receive money to or from a Visa card account in real-time …

The years-long effort to bring real-time payments to the United States picked up steam on Thursday with an announcement from The Clearing House Payments Co. LLC that 70% of U.S. deposit accounts can now access real-time capability via agreements between TCH and third-party processors. “What we’re talking about here is …

Salido, a vendor of technology to the hospitality industry, announced it has been acquired by payments provider North American Bancard. Terms were not announced.MagTek Inc. said PyePOS, a hospitality point-of-sale system maker, will use MagTek’s DynaDip and DynaWave hardware in its quick-serve restaurant kiosks.EBay Inc. announced it will expand its managed-payments program to France, Italy, …

The pandemic has sparked a huge lift in online gift card sales as consumers make shopping for the plastic part of their e-commerce routine. The number of cards purchased online soared 57% in the first six months of this year compared to the first half of 2019. Some 52% of …

Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …

Payments provider FIS Inc. on Wednesday began rolling out Access Worldpay, a suite of application programming interfaces intended to make it easier and quicker for merchants to implement new payment capabilities, such as mobile payments or tokenization, without having to work with multiple payment partners. Access Worldpay provides a single …

With the economy still reeling from the Covid-19 pandemic, the ATM Industry Association is betting that offering a new Start Up membership category at a reduced cost will attract new members and entice back into the fold former members that dropped out during the pandemic for financial reasons. The new …