Transaction Processing

A major enterprise software company and a mobile-technology provider late on Thursday announced an agreement to develop a service they say will provide a universal connection to mobile wallets and “simplify mobile payments for anyone with a phone.” The proposed service will combine application programming interface technology from software vendor …

The Western Union Co. announced it has worked with Du Xiaoman Financial, formerly the China-based fintech Baidu Finance, to launch Western Union international money transfers paid in real time into what the partners say is a majority of bank accounts in China.Ternio LLC said it has cut the minimum balance on its …

So-called sophisticated attacks monitored by Mastercard Inc. subsidiary NuData Security jumped 430% in late 2019, with fraudsters deploying more human-aided online attacks rather than fully automated ones in order to fool the defenders. Those findings come from NuData’s “2019: Fraud Risk at a Glance” report released Thursday. NuData is a …

Diebold Nixdorf Inc. released the Beetle A1150, an all-in-one point-of-sale system. Variations of the Beetle POS system have been available since at least 2002 from Wincor Nixdorf, a company Diebold acquired in 2016.Payments processor Computer Services Inc. reported fiscal third-quarter revenue of $72.1 million, up 6.6% year-over-year, and net income of $12 million, up 5.8%. …

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 …

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 …

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 …

In its latest pricing change, Square Inc. disclosed Tuesday that it will raise the cost of instant and same-day transfers from its merchants’ Square balances to their bank accounts to 1.5% per transfer from the previous rate of 1%. The change, announced on Square’s blog, took effect Tuesday for new …

After rolling out access to public transportation fare payments on its app in Denver last year, ride-hailing leader Uber Technologies Inc. has added a similar service in Las Vegas. Fare-payment software provider Masabi Ltd. said late Monday that it along with the Regional Transportation Commission of Southern Nevada (RTC) and …

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 …