A new entry in the arena for payments-related acquisitions, Syncapay, is targeting specialists in disbursements and payouts. Plano, Texas-based Syncapay debuted last week with the intent to acquire payments companies that could benefit from shared services, while retaining the autonomy that differentiates them. “We are not looking at doing a …
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Mobile Traffic Grows for Shopify and other Digital Transactions News briefs from 5/1/18
Toast, a 7-year-old provider of point-of-sale and payments software to restaurants, has launched its first POS device, a handheld that servers can use to accept payments and handle other functions. The device replaces a Samsung model the company used. Commerce platform Shopify Inc. reported transactions from mobile devices amounted to …
Read More »Postpone the Requiem for Cash
Despite what you hear about electronic payments displacing coins and folding money, the real story is a little more complicated. The world is flat. Or at least that’s what most people believed until Aristotle around 330 B.C. provided evidence of a spherical Earth. Even then, it was slow to catch …
Read More »How Machine Learning Can Deliver Faster—And More Secure—Payments
With consumer expectations higher than ever, analytic tools that can meet those demands while weeding out fraud are more important than ever, says Luke Reynolds. A recent survey conducted by Juniper Research predicted the overall value of fraudulent online transactions globally will reach $25.6 billion by 2020. Of that activity, …
Read More »Payment Improvements Take the Long Way Home
The U.S. is finally moving toward faster and more secure payments, but the process is far more deliberate than it needs to be. Look at Australia for an example of how it could be done better. Observers of the U.S. payments industry can be forgiven for wondering—in the wake of …
Read More »10th Annual Field Guide to Alternative Payments
We list 37 entries this year, of which only three appeared in our original Guide nine years ago. This year’s Field Guide represents our 10th annual effort to catalog the broad currents in electronic payments by listing some of the more salient players providing alternatives to the big network brands. …
Read More »What Ails the Mobile Wallets?
General-purpose mobile wallets have yet to convince most merchants and consumers that they have real value. Can that change, and if so, when? The hype over mobile wallets hasn’t ceased ever since Google Checkout launched way back in 2006, and it’s only become louder since Apple Inc. unveiled Apple Pay …
Read More »How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants
Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
Read More »Shift4 Is Embroiled in an Antitrust Suit Alleging It Shuts out Rival Restaurant Processors
The ongoing consolidation of companies focused on point-of-sale systems for restaurants gave rise on Tuesday to an antitrust suit that seeks to reverse one of the most recent mergers among payment processors. Payment Logistics Ltd., a San Diego-based payments provider, alleges in its complaint that Shift4 Payments LLC is using …
Read More »RealPage Buys ClickPay and other Digital Transactions News briefs from 4/20/18
RealPage Inc., a vendor of software and data analytics to the real-estate business, has agreed to buy ClickPay, a payments processor for rent and other housing receivables, for $218.5 million in cash and stock. The deal is expected to close within the next six months. Infinicept, a company that offers services to …
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