In today’s 4G world, connected homes allow you to turn on lights, turn down thermostats, or activate sprinklers, all remotely. Wearables wake you up and tell you how long and how well you slept. Fingerprints, faces, even the rhythm of your heart are replacing passwords. There’s a lot happening on the connectivity …
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Rambus Debuts Unified M-Payments Service and other Digital Transactions News briefs
• Rambus Inc. introduced its Rambus Unified Payment Platform, which it says will enable mobile-wallet users to pay with credit, points, and coupons in a single transaction. • Payments provider Harbortouch Payments LLC announced a partnership with Strategic Funding Source, a merchant cash-advance provider. • Square Inc. will pay $54.8 million to Starbucks Corp. to cancel …
Read More »Green Dot Gets Set for a Major Role in Payroll Cards As It Prepares to Swallow UniRush
Green Dot Corp.’s chief executive on Wednesday hailed the company’s pending acquisition of Consumer Financial Protection Bureau <![endif]–> The company finished 2016 with $718.8 million in total operating revenue, up 3.5% over its 2015 revenue total. Net income for the year came in at $41.6 million, up 8% from $38.4 …
Read More »COMMENTARY: The Deal for TIO Networks Follows a Pattern for PayPal’s Schulman
By Rick Oglesby @DTPaymentNews PayPal Holdings Inc. has always been an enigma. It’s not really a payment network, not really an independent sales organization or merchant acquirer, not really a wallet or a prepaid card issuer, not really a person-to-person payments solution, and not really a payment gateway. Yet, it …
Read More »PayByPhone Adds Apple Pay and other Digital Transactions News briefs
• The National Retail Federation and the Retail Industry Leaders Association on Tuesday asked the U.S. Supreme Court to let stand an appellate court’s ruling last June striking down the controversial 2012 settlement between merchants on the one side and Visa, Mastercard, and some big banks on the other in a long-running antitrust class …
Read More »Klarna Allies With Radial As It Builds U.S. Market Share in Online And Mobile Payments
Up against formidable competitors like PayPal Holdings Inc., Sweden’s Klarna is seeking every edge it can find for increased U.S. market share in online payments. That effort received a boost on Tuesday with the announcement by omnicommerce specialist Radial that it has integrated Klarna on it platform, which supports hundreds …
Read More »SignaPay Launches Cash Discount Program and other Digital Transactions News briefs
• Merchant processor SignaPay Ltd. announced the official launch of its PayLo software, which allows merchants to collect what the company calls a “small” service fee on each transaction processed on merchants’ point-of-sale terminals. The fee is waived if the customer uses cash or a gift card. SignaPay says the software is …
Read More »TouchSuite Buys American Bankcard and other Digital Transactions News briefs
• TouchSuite, a merchant-services company operated by American Bankcard LLC, announced it purchased Merchant Bankcard Systems of America, which has approximately 1,000 merchants in its portfolio. Terms of the deal, which closed Feb. 7, were not disclosed. • Middleware provider Datacap Systems Inc. said it completed level 3 EMV certification with …
Read More »Chase Payments Extends Referral Plan and other Digital Transactions New briefs
• First Data Corp. expanded its deal with ShopKeep, a cloud-based point-of-sale provider, that makes ShopKeep’s POS software available through its distribution network. ShopKeep also will incorporate First Data’s payment processing and security tools. This includes the Clover Go software developer kit and enables ShopKeep software to operate on Clover hardware. • …
Read More »A $233-Million Deal for TIO Networks Catapults PayPal Into a Race for Bill-Pay Volume
By John Stewart @DTPaymentNews PayPal Holdings Inc., which hasn’t been shy about laying out big money to enter new businesses, said on Tuesday it will shell out $233 million to buy TIO Networks Corp., a cloud-based processor that will deepen PayPal’s penetration of the bill-payment market. The acquisition is expected …
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