Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor Heartland Payment Systems Inc. announced an integration of its Portico Gateway with Computop Paygate in an arrangement that will give Heartland merchants access to international payments. Heartland is set to be acquired this spring by Global Payments Inc. in a $4.3 billion cash-and-stock deal announced in December. …
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Gift Card Provider SVM Buys 1to1 Card and other Digital Transactions News briefs
• In-store mobile payments made with wallets enabled with near-field communication will total nearly $240 billion worldwide by 2021 as mobile-wallet competition intensifies and the contactless-payment infrastructure matures, predicts researcher Strategy Analytics. • Closed-loop gift card provider SVM LP acquired 1to1 Card, a prepaid card management-services firm for incentive, loyalty and …
Read More »In Its First Earnings Report, Square Says Product Breadth Will Aid its Financial Fortunes
Processor Square Inc. expects its strategy of providing what it calls a “cohesive” set of services to merchants will aid its efforts to reach profitability, the company reported Wednesday in its first-ever earnings result since becoming a publicly-traded company. It reported earnings for the fourth quarter and all of 2015. …
Read More »CardFlight’s Stripe Integration Deal Aimed at Developers of In-App, Card-Present Payments
With an eye to easing the integration of EMV payment acceptance in mobile apps used for card-present transactions, mobile point-of-sale provider CardFlight now offers integration with Stripe, a payments provider specializing in online transactions. Developers can use the CardFlight software development kit and gateway to add EMV acceptance to apps …
Read More »Jack Henry Supports New TCH Network and Other Digital Transactions News Briefs
• Processor Jack Henry & Associates Inc. said its JHA Payment Solutions unit will hook into the The Clearing House Payment Co.’s pending real-time payment system, which could bring 6,300 banks and credit unions served by Jack Henry into the new network. • Digital Check Corp. launched two products this …
Read More »ExxonMobil’s Speedpass+ App Enables Apple Pay Transactions at the Pump
Apple Pay has pulled up to the fuel pump at ExxonMobil Corp. gas stations with the release Tuesday of Speedpass+, an iOS app that enables consumers to use Apple Inc.’s mobile-payment service to pay for gas within the app. The app also is available for Android devices. It also works …
Read More »Update on Powa Breakup And Other Digital Transactions News Briefs
• Four directors of cash-strapped Powa Technologies Ltd., including the startup’s founder and chief executive, Dan Wagner, were ousted from the board as long ago as Feb. 19, according to a report on BusinessInsider.com. The news follows the development on Thursday in which accounting firm Deloitte, appointed as administrator of …
Read More »Opening up the Club
An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A sexy business? Definitely …
Read More »8 SMB Payment Security Tips for 2016
This year brings a lot of opportunity for small and medium businesses (SMBs). The International Monetary Fund (IMF) expects world economic growth for 2016 to be somewhere around 3.6 percent – higher than the predicted 2015 growth of 3.1 percent. Unfortunately, amidst this positive backdrop lurks the negative threat posed …
Read More »Opening up the Club
By Jim Daly An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A …
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