Kabbage Inc., an online small-business financier, said it provides the Pay Later program for U.S. small-business buyers on Alibaba.com, an online marketplace. Payment-terminal maker Equinox Payments and payments-software provider Acceo Tender Retail announced the Equinox Luxe 8500i and Luxe 6200m terminals have achieved EMV end-to-end certification on First Data Corp.’s …
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Discover Looks to Europe And the Middle East for Merchant-Acceptance Expansion
Discover Financial Services is on the verge of a major expansion of Discover, Diners Club, and Pulse acceptance across Europe and the Middle East following Friday’s announcement of a deal with a third-party provider. Riverwoods, Ill.-based Discover says it will work with 3C Payment, a Luxembourg-based payment service provider that …
Read More »Ingenico’s Latest Acquisition and other Digital Transactions News briefs from 1/11/19
Point-of-sale terminal maker and payment-services provider Ingenico Group said it completed its acquisition of New Zealand’s Paymark payment network. Processor Bottomline Technologies Inc. said it has added The Access Bank UK Ltd. to the United Kingdom’s Faster Payments Scheme (FPS) via Bottomline’s Real Time Payments Service. Brex, a provider of corporate cards for startups, …
Read More »Square’s Push Upmarket Leads It to Launch an SDK for In-App Transactions
Square Inc. released a software development kit to enable merchants and developers to use Square for their payments processing in apps. Announced Wednesday, the SDK marks a first for Square and creates a single platform for transactions made by Square merchants that also sell in stores. The SDK is available …
Read More »COMMENTARY: Why Cryptocurrencies Are a Solution in Search of a Problem
When you look at the benefits that cryptocurrencies offer, it’s somewhat surprising that they aren’t an established method of payment yet. They are cheaper than other payment methods, they allow fast global money transfer, and they provide built-in security and encryption. However, cryptocurrencies haven’t really taken off and are more …
Read More »Visa Teams Up With SiriusXM in the Latest Connected-Car Development
The new year is only a week old, but it’s already looking to be a strong one for dashboard payments. On Monday, Visa Inc. and SiriusXM Connected Vehicles Services Inc. said they plan to offer the SiriusXM e-wallet to auto manufacturers that deploy SiriusXM’s connected-vehicle services. The Visa-SiriusXM announcement followed …
Read More »In-Store App Use Popular and other Digital Transactions News briefs from 1/8/19
Fifty-seven percent of consumers use a retailer’s mobile app while shopping in-store, finds the “Surviving the Retail Apocalypse” report from Yes Marketing. The survey of more than 1,000 consumers also found that many—65%—use the app to redeem coupons.Point-of-sale software provider Focus POS said its restaurant POS system is now available as a …
Read More »The Name-Dropping Network: Mastercard Erases Its Name From Its Logo
At first glance, a press released headlined “Mastercard Drops Its Name” might lead one to believe Mastercard will be the anonymous payment network going forward. But no, Mastercard Inc. is simply removing its name from its familiar interlocking circles logo, the company announced Monday. The name-drop marks the second time …
Read More »The SRC Express
A network-sponsored spec for streamlined digital payments rolls toward implementation later this year, promising cleaner checkouts but also stirring questions about how it will work. Remember all the excitement last spring about a so-called common buy button the major card networks were working on (“The Shared Checkout’s Slow Check-in,” June)? …
Read More »Buy Online, Steal in Store
In just a matter of months, this new e-commerce fraud has emerged to exploit weak or non-existent links between merchants’ online and physical stores. If you’re a retailer, what’s not to like about offering consumers the option to buy online and pick up in-store? Most customers who use the service …
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