Business-to-business payments specialist Billtrust said Priority Commercial Payments, a unit of Priority Technology Holdings Inc., joined the Billtrust Business Payments Network. Mastercard Inc. said it is collaborating with OpenText, an enterprise information-management firm, on a business payments service and initially is targeting the automotive industry. Mastercard also said it is …
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Mastercard Completes Transfast Deal and other Digital Transactions News briefs from 7/9/19
Mastercard Inc. completed its acquisition of Transfast, a cross-border payments specialist. Terms were not disclosed. Transfast provides B2B and person-to-person payment services through a network it says covers more than 125 countries and includes direct integrations with more than 300 banks and other financial institutions. The company also supports Mastercard …
Read More »eProcessing’s New Card Reader and other Digital Transactions News briefs from 7/8/19
Payments-technology provider eProcessing Network LLC introduced its Premier Verify SCN, an EMV-certified card reader that supports contactless payments, including Google Pay and Apple Pay. Aimed at small and mid-size merchants, the device is said to cut transaction times by 50%. Software provider Patientco launched two health-care payment applications for Epic …
Read More »COMMENTARY: From Channel to Consumer: Humanizing Payments (Part II)
(Editor’s Note: Part I of this two-part article appeared on Friday.) How can we in the payments business best mirror our services to fit the changing needs of a growing, global consumer base? One way is to focus on the consumer throughout the entire payment process. Almost 50% of consumers …
Read More »COMMENTARY: From Channel to Consumer: Humanizing Payments (Part I)
The payments landscape looks far different than it did even five years ago, and it will likely undergo even more rapid changes in the next five. We are moving further into the digital age, where a large portion of consumers include Gen Z, or those born after 1996. This group …
Read More »Adyen Adds Interac Debit on Mobile and other Digital Transactions News briefs from 7/3/19
Online and point-of-sale payments provider Adyen added Interac Debit on Mobile as a payment method for Canadian merchants. The method allows merchants to accept payments through Canada’s national Interac debit network via Apple Pay or Google Pay. Adyen added that it has expanded its agreement with on-demand delivery service foodora …
Read More »Datacap Picks up a Gateway and other Digital Transactions News briefs from 7/2/19
Point-of-sale middleware vendor Datacap Systems Inc. announced it has acquired the NETePay Hosted payment gateway from Octopi (formerly Monetary.co). Terms were not released. NCR Corp. acquired privately held D3 Technology Inc., a provider of online and mobile-banking applications for large financial institutions. Terms of the deal were not disclosed. A …
Read More »EU Appears Ready to OK FIS-Worldpay Deal and other Digital Transactions News briefs from 7/1/19
The proposed acquisition of Worldpay Inc. by Fidelity National Information Services Inc. (FIS) is about to clear another hurdle, according to Reuters. The news service is reporting that European Union antitrust regulators are poised to approve the deal without conditions. EVO Payments Inc. said its payments services are integrated into …
Read More »How the Twitter Guy Changed Payments
It’s been almost a decade since Square piled into the merchant-acquiring industry. How much disruption did this upstart cause? It’s late April of 2010 at automated clearing house governing body NACHA’s annual conference in the Seattle convention center. On stage before an audience of 2,000 bankers and other mostly buttoned-down …
Read More »Security Notes: The Uses of Digital Money
The Fed hesitates and the networks hold on to power, but technology breaks through. The efficiency and convenience of digital money are slowly but surely making it the currency you stuff your wallet with. While pure, airy cryptocurrencies without a central mint are still very much fringe money, the deeper …
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