Fiserv Inc. said its First Data unit, together with Visa Inc. and Samsung Electronics, is demonstrating a new software-based point-of-sale technology that allows an everyday mobile device to accept contactless payments from contactless cards or phones or wearables equipped with near-field communication. A pilot of the technology is set for Poland …
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Small Shops Prove a Refuge for Last-Minute Buyers
Small merchants are often seen as threatened by e-commerce giants like Amazon.com Inc. that can deliver products to consumers in some cases hours after the order is placed. But it turns out local businesses across the country still do big business on the eve of major occasions like Christmas and …
Read More »CellPoint Mobile Changes Its Name and other Digital Transactions News briefs from 9/3/19
Travel-payments and services specialist CellPoint Mobile changed its name to CellPoint Digital and created two omnichannel units. Velocity is the payment platform and Voyage manages promotions, sales, payments, and customer self-service across all digital channels.ICBA Bancard, a unit of the Independent Community Bankers of America, launched the ICBA Bancard Digital Payments Strategy …
Read More »The Networks’ Shopping Spree
With fintechs nipping at their heels, the payment card networks are buying up companies big and small in a range of industries. How far will the networks venture beyond their core business—and at what price? Mergers and acquisitions tend to come in fits and starts, and lately M&A activity involving …
Read More »How Tech Is Remaking Rewards
From back offices to the point of sale, and from digital wallets to the blockchain, fintechs are fomenting a revolution in loyalty and rewards. Here’s how that’s playing out—and where it’s heading. By Maria Arminio and Bo Berg Bank and merchant card issuers are looking for ways to distinguish their …
Read More »Discover Expands Acceptance Network and other Digital Transactions News briefs from 8/29/19
Discover Global Network signed an agreement with Credit Mutuel Arkea to allow Arkea Group merchants in France and Europe to accept Discover, Diners Club International, and allied issuers’ transactions.Ingenico Group’s e-commerce division, Ingenico ePayments, said it will provide payments services to Yoozoo Games, a game development and distribution company.Barclaycard, a unit of …
Read More »Eye on Digital Commerce: Google Wallet Beyond Payments; W3C’s Payment Form Goes Live
Alphabet Inc.’s Google subsidiary is adding more services to its Google Wallet for Android mobile devices, and Google’s Chrome Web browser now supports a common e-commerce payment form for merchants that is expected to be integrated into the other major browsers too. United Airlines Inc. in May became the first …
Read More »Why Mobile Payments Don’t Deliver for Merchants
Mobile payments so far account for a mere 2% or less of U.S. general-purpose card payments, according to some estimates, and that’s no surprise to some executives who believe mobile payments haven’t delivered for many merchants. “I don’t think anyone in the market is solving problems for the retailers,” Laura …
Read More »Instant Payments Give Citigroup’s CitiConnect APIs a Lift
Launched in November 2016, the CitiConnect set of application programming interfaces for payments and related functions is gaining traction, particularly from companies supporting instant-payment services in Asia and Europe, Citigroup Inc. reported Monday. The New York City-based global banking giant said CitiConnect has processed 157 million API calls, or requests …
Read More »Shift4’s New Tableside Device and other Digital Transactions News briefs from 8/26/19
Shift4 Payments LLC released Tableside, a new order- and pay-at-the table point-of-sale device. Tableside integrates with multiple Shift4 POS systems, including Harbortouch, Restaurant Manager, Future POS, and POSitouch. Additional integrations are expected.Payment Alliance International said it acquired ATM operator Eclipse Cash Systems for an undisclosed amount. Eclipse operates more than 15,000 ATMs, …
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