Electronic Merchant Systems announced the acquisition of Total Touch POS, a POS system developer for the hospitality industry. Terms were not disclosed. Bank of America Merchant Services, along with First Data Corp., announced it integrated BlueSnap Inc.’s All-in-one Payment Platform into its system. BAMS is the first integration since First …
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NCR To Take a Direct Role in Payments With its Pending $184 Million Acquisition of JetPay
Best known for its ATMs, NCR Corp. has long been close to the point-of-sale payment business with its software products such as Retail One, Aloha, and NCR Silver, and its hardware for retailers and the hospitality industry that includes self-checkout systems for grocery stores. Now NCR is about to dive …
Read More »Eye on POS Terminals: Equinox Sounds Out Payments; Verifone Helps the Blind Make a Payment; Ingenico’s Semi-Integrated Service
Point-of-sale terminal maker Equinox Payments announced an audible way to pay with the integration of LISNR ultrasonic technology. Phoenix-based Equinox said it is the first POS terminal maker to license the proprietary LISNR tech. Using inaudible sounds, the tech enables a smart phone to communicate and share data with devices …
Read More »ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18
Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …
Read More »Apptizer Launches Order Eat Pay Service and other Digital Transactions News briefs from 10/17/18
Prepaid card program manager Netspend Corp. and its business partners were scrambling Wednesday morning to clear up an apparent glitch preventing some users of a prepaid product for payroll from accessing their paychecks. Issuing partner MetaBank released a statement to news media indicating it is working to clear up the …
Read More »Tru Shop-by-Payment Launches and other Digital Transactions News briefs from 10/16/18
Payments-networking provider Transaction Network Services has agreed to acquire Advam, an Australian provider of unattended and e-commerce payments processing. Terms were not disclosed. E-commerce technology provider tru Payments LLC launched tru Shop-by-Payment, a cloud-based service that lets consumers shop for a new car and auto financing at the same time. Bill-payment specialist …
Read More »Dear Diary: Why Did Payment Transactions Decline in October 2017?
Unless you’re talking about check-writing or cash usage, just about every measure of transactions and volumes in payments is up, up, up these days. But a new study from the Federal Reserve Bank of Atlanta says consumers actually made fewer payments in October 2017 than they did a year earlier. …
Read More »Shopify Tries a Store Strategy and other Digital Transactions News briefs from 10/12/18
E-commerce processor Shopify Inc. opened its first brick-and-mortar “entrepreneur space” in downtown Los Angeles. The site will provide in-person support, training, and education to Shopify merchants, and the company’s suite of retail hardware products will be available. Shopify says it has 10,000 merchants in L.A. and 80,000 in California. Cybersecurity …
Read More »Mitek Rejects Takeover Offer and other Digital Transactions News briefs from 10/11/18
Sarah Friar, chief financial officer of merchant processor Square Inc., will leave the company in December after six years to become chief executive of Nextdoor, developer of a private social-network app for neighborhoods. David Viniar, Square’s lead independent director, will lead the search for a new CFO. Square’s stock fell …
Read More »ATM Surcharges Rise Again, but Foreign Fees Ease
The average ATM surcharge increased this year for the 14th year in a row, but ATM foreign fees eased a bit, according to Bankrate Inc.’s latest annual study of ATM and checking account fees. New York City-based Bankrate says the average surcharge is now $3.02, up 5 cents, or 1.7%, …
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