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Out of the Chips
The microchip shortage has caught up with POS terminal makers. Now, with forecasts that production won’t meet demand until mid-2022, those makers are for bracing for more pain. Since late 2019, when the incipient Covid-19 pandemic first throttled back or temporarily shut down microchip production in China, manufacturers like mobile …
Read More »Allied in NYDIG Deal and other Digital Transactions News briefs from 7/6/21
Allied Payment Network Inc., a provider of online and mobile bill-payment services, said it will work with New York Digital Investment Group (NYDIG) institutions using Allied to offer customers the ability to buy, sell, and hold Bitcoin. Allied said it and NYDIG plan to add digital payments via Bitcoin.Reuters reported …
Read More »Shopify Recruits Google and other Digital Transactions News briefs from 5/28/21
Shopify Inc.’s 1.7 million-plus merchants will have access to Google Cloud technology in more regions under a new agreement.Buy now, pay later provider Klarna Bank AB said its U.S. user base more than doubled in April year-over-year, to 17 million. The user base worldwide totals 90 million.The big France-based processor Worldline S.A. has agreed to …
Read More »Reach your true potential as an NAB Integrated Partner
At North American Bancard, our promise is to deliver a frictionless partner experience, providing innovation and savings to your merchants, and maximizing your revenue. With our flexible Partnership Programs, you choose your level of investment and risk. Whatever arrangement you’re seeking, from Referral Partnerships to white-labeled ISV direct sales, …
Read More »MoneyGram’s Bitcoin Gambit and other Digital Transactions News briefs from 5/12/21
MoneyGram International Inc. said it and Coinme Inc., a cryptocurrency exchange, are jointly offering a service to enable consumers to purchase Bitcoin with cash and withdraw Bitcoin value in cash. Initially, the service will be available at select U.S. MoneyGram locations in coming weeks. Eventually, the service will expand to include …
Read More »Global Payments Opens Its Wallet for More Deals As Its Amazon And Google Ties Develop
The big processor Global Payments Inc. announced early Tuesday it will acquire Zego Inc., a payments and technology provider for managers of residential real estate, in a deal valued at approximately $830 million. The company also announced an agreement to buy the PayOne acquiring business in Austria belonging to the …
Read More »Worldline Revenue Drops and other Digital Transactions News briefs from 4/21/21
French processor Worldline S.A. reported its first-quarter merchant-services revenue dropped 8.7% year-over-year to 517 million euros ($621 million), while its terminals and software unit saw a 16.5% decline to 266 million euros ($320 million). Worldline acquired terminal maker Ingenico Group S.A. in October.FIS Inc. said it has won a domestic acquiring license for its Worldpay …
Read More »Card Brands Delay Interchange Updates and other Digital Transactions News briefs from 3/16/21
Responding to pressure from Sen. Dick Durbin, D-Ill., and other critics, Visa Inc. and Mastercard Inc. are delaying planned adjustments to their credit card interchange rates until April next year, Bloomberg News reported. The rate adjustments had been set for next month and involved an estimated net $889 million in increased fee income for …
Read More »Eye on POS: EVO Debuts SimpleTab for Hospitality And GiftLogic Pairs up With Paystri
EVO Payments Inc. says its new SimpleTab point-of-sale feature can reduce table-turnover time for hospitality merchants. Meanwhile GiftLogic says it has integrated Paystri, a payments-technology company, into its POS software. The SimpleTab payment feature from Atlanta-based EVO works with the Ingenico Move/5000 payment terminal and supports EMV, contactless, and swipe card …
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