Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor CardConnect Corp. unveiled a new release of its CardPoint Mobile app for smart phones and tablets that includes a feature called Catalog that allows businesses to label, price, discount, and categorize their products and services in one place.
• Point-of-sale terminal maker Equinox Payments announced that POS-equipment distributor POSDATA added the Equinox Apollo terminal targeted at the financial reseller market. In related news, middleware provider DataCap Systems Inc. completed EMV level 3 certification with processor Vantiv Inc. with the Equinox L5200 and L5300 terminals.
• Mobile-imaging software provider Mitek Systems Inc. reported that revenues for its first quarter of fiscal 2017 ended Dec. 31 increased 25% to $9.27 million from $7.4 million a year earlier; the company posted a net loss of $607,000 versus a $322,000 loss in fiscal 2016’s first quarter.
• Processor Fidelity National Information Services Inc. (FIS) said it has completed a previously announced sale of its public-sector and education businesses to Vista Equity Partners for $850 million.
• Vending payments specialist USA Technologies Inc. announced that vending operator Premier Services Inc. will use USAT’s cashless payment technology on 500 vending, coffee, and micro-market kiosks in the Denver region.
• Samsung Electronics Co. Ltd. plans to introduce a Web-based payments service by March 31 in its home market of South Korea for all smart phones using the Android operating system, according to Reuters. Users will download an app to use the service, called Samsung Pay Mini. Samsung’s existing service, Samsung Pay, is restricted to Samsung devices. The company did not say whether Samsung Pay Mini would ultimately be launched in other markets.
• PayPal Holdings Inc. said the latest findings from its Digital Goods Economy Survey, which queried 10,000 consumers in 10 nations, show that in the U.S., nearly 70% of consumers who watch movies and TV series made a purchase on their mobile device, and 72% of digital-music consumers used their mobile device to buy music.
