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EMS Relocating Headquarters and other Digital Transactions News briefs from 1/5/18

Suburban Cleveland-based merchant processor Electronic Merchant Systems announced it will move its headquarters to downtown Cleveland in mid-2018. The new location offers about 48,000 square feet of space. Point-of-sale equipment maker Star Micronics released PromoPRNT, a service that enables merchants to create printed promotions in addition to receipts. U.S. Attorney …

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The ACH’s Hot Streak Cools off As Transactions Rack up a 3.8% Third-Quarter Jump

The automated clearing house network’s nearly uninterrupted growth tear took a breather in the third quarter, the period leading up to the introduction of same-day processing for ACH debit transactions. ACH transactions totaled 5.3 billion in the July through September quarter, according to NACHA, the Herndon, Va.-based governing body for …

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Gemalto’s Biometric Contactless Card and other Digital Transactions News briefs from 1/4/18

Unattended-payments specialist USA Technologies Inc. announced that vending-machine operator Jackson Brothers of the South is upgrading an additional 750 machines to accept cashless payments. When completed, the expansion will mean all 1,000 Jackson Brother machines will accept cashless transactions such as Android Pay and Apple Pay in addition to traditional …

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QR Codes Gain Momentum, But the Resurgence Could Be Short-Lived, a Report Warns

New mobile-phone capability, coupled with physical stores’ response to the encroachment of e-commerce, will help drive the volume of digital coupons in the next few years, according to a new report. Worldwide redemptions of coupons via mobile phones and online will grow at an average annual rate of 14.1% through …

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Clearent Buys an ISV and other Digital Transactions News briefs from 1/3/18

Payments provider Clearent LLC announced its acquisition of SPOT Business Systems LLC, an independent software vendor serving the dry-cleaning industry. Terms were not disclosed. Shares of MoneyGram International Inc. dived about 9% Wednesday morning in the wake of Tuesday’s news that China’s Ant Financial Services Group would not be acquiring …

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Pinpoint Intelligence Adds High-Risk Merchants and other Digital Transactions News briefs from 1/2/18

A startup called Prepaid2Cash announced the availability of its app for both iOS and Android. The app allows holders of network-branded prepaid cards to move money from the card to a bank account within three days. The service costs 7.5% plus $1.50. Payments provider Pinpoint Intelligence said it now serves …

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ATM Operator Prineta Makes Acquisition and other Digital Transactions News briefs from 12/29/17

Kansas-based ATM operator Prineta LLC said it has acquired 20 ATMs in Corpus Christi and Coastal South Texas. The seller’s identity was not immediately available. Prineta operates more than 1,000 ATMs nationwide, according to a spokesman. This is the company’s third ATM acquisition in 2017. Forever 21 Inc. reported encryption …

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Issuers Face Increased Chargeoffs and other Digital Transactions News briefs from 12/28/17

Merchant processor EVO Payments International said it has an agreement with Madrid-based Liberbank SA to buy Liberbank’s merchant-acquiring business in Spain; terms of the deal, which is expected to close by March 31, were not disclosed. Credit card delinquencies and chargeoffs have increased slightly over the past year, according to …

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Amazon’s Voice Shopping and other Digital Transactions News briefs from 12/27/17

Mastercard Inc.’s latest SpendingPulse report says year-over-year holiday sales increased 4.9%, their best showing since 2011. Online sales grew 18.1%. The report for the Nov. 1-Dec. 24 period covers all payment types, including cash and checks. Without being more specific, Amazon.com Inc. said “millions” of members of Amazon Prime shopped …

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CFPB Postpones Prepaid Rule Again and other Digital Transactions News briefs from 12/22/17

The Consumer Financial Protection Bureau announced its intention to extend once again the effective date of its massive 2016 rule governing prepaid accounts “to allow additional time for implementation of the final rule.” The announcement does not specify a new effective date. The agency had earlier extended the deadline from …

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Digital Transactions