Now that Republicans in the wake of the November 2016 elections control both houses of Congress as well as the White House, there is a distinct possibility that the Dodd-Frank Act, which Republicans have opposed since a then Democratic majority in Congress enacted the sweeping banking-reform law in 2010, could …
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Square Debuts Caviar Pickup and other Digital Transactions News briefs
• Merchant processor Sterling Payment Technologies, a unit of EVO Payments International, has partnered with RPower Point of Sale, a vendor of point-of-sale software for restaurants, to offer an EMV solution for the hospitality industry. • Merchant processor Square Inc. introduced Caviar pickup, a new feature on its Caviar restaurant food-ordering and delivery service that …
Read More »Interac Fraud at Record Low and other Digital Transactions News briefs
• In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …
Read More »COMMENTARY: How 5G Networks Will Remake Payments—And the World
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 …
Read More »Evertec Merchant Acquiring Revenue Down and other Digital Transactions News briefs
• Puerto Rico-based Evertec Inc. said revenue in its merchant-acquiring unit declined 1% in the fourth quarter to $23.1 million while revenue in its payment-processing segment grew 0.4% to $28.9 million. Evertec announced it has an agreement to buy Chile-based EFT Group S.A., a payment processor and software company that uses the …
Read More »Another Card Consolidator Debuts and other Digital Transactions News briefs
• Royal Dutch Shell plc said it is finalizing the deployment of EMV-compliant point-of-sale terminals for inside use at more than 11,000 of its U.S. locations. Currently, almost 80% of the locations are EMV-compliant, with the rest expected this spring. As the inside-the-store project is completed, the petroleum company will shift …
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 »A Health Care Payment Option Launches and other Digital Transactions News briefs
• Abilene Diagnostic Clinic has adopted the One Bill solution from health-care payments processor InstaMed, allowing patients to deal with a single statement embracing all ADC locations. • In related news, Change Healthcare, a specialist in analytics software, introduced Personalized Communications for its billing and payments solution. The new service is aimed at billing …
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