Merchant cash-advance provider CAN Capital Inc. said it has returned to funding following a recapitalization by Varadero Capital, an alternative asset manager. CAN Capital said it will immediately begin funding small merchants eligible for renewal. It will work with a select set of sales partners for new merchant advances. Its products include term …
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Evertec Completes EFT Group Acquisition and other Digital Transactions News briefs
Puerto Rico-based payment processor Evertec Inc. completed its $38.5 million acquisition of Chile-based EFT Group S.A., which uses the PayGroup brand. PayGroup provides payment processing and software services to financial institutions throughout Latin America. Alipay, a mobile wallet used primarily in China and abroad by Chinese travelers, said Chinese food supplier Han Feng Inc., …
Read More »Interact Outage Resolved and other Digital Transactions News briefs
Payments provider Harbortouch Payments LLC said its point-of-sale systems will be featured on new episodes of Spike TV’s “Bar Rescue” program in an exclusive deal with the show. Canada’s Interac debit network announced Sunday that its e-Transfer person-to-person payment service was back online after sustaining an “internal technical issue” that first appeared intermittently Thursday …
Read More »Ripple Rolls Out Remittance Service and other Digital Transactions News briefs
Ripple Labs announced the rollout of a real-time remittance service between Thailand and Japan, based on Ripple’s blockchain. The rollout follows what was said to be the first blockchain-based commercial money transfer across borders, which occurred in April between Spain and Mexico and involved Ripple’s technology. CryptoCoin Creations released its CryptoCoinTracker 2.1, an …
Read More »POS Portal Sold to ScanSource and other Digital Transactions News briefs
Point-of-sale technology vendor ScanSource Inc. has agreed to acquire POS Portal, a supplier of payment devices and services, for $144.9 million in cash plus an earn-out payment up to $13.2 million contingent on earnings before interest, taxes, depreciation, and amortization for the 12 months leading up to Nov. 30. The deal is expected …
Read More »Ingenico Notes Integration Milestone and other Digital Transactions News briefs
Independent sales organization Bluefin Payment Systems said the U.S. Patent and Trademark Office issued the company two patents for data decryption; both patents encompass Bluefin’s Decryptx platform and online P2PE Manager System. Terminal maker Ingenico Group announced it has increased by 200% over the past year its integrations with integrated software vendors, acquirers, electronic …
Read More »Veem Makes Cross-Border QuickBooks Integration and other Digital Transactions News briefs
Discover Financial Services said it has enabled Samsung Pay on the latest Samsung Galaxy smart phones and wearables for its cards in the United States. Discover announced in 2015 that it would support Samsung Pay. Cross-border payments provider Veem, formerly known as Align Commerce, announced an integration with QuickBooks Online, used by small …
Read More »MRC Notes E-Commerce Fraud Arrests and other Digital Transactions News briefs
• The National Retail Federation announced that senior vice president and general counsel Mallory Duncan plans to retire at the end of August. Duncan joined the trade group in 1994 as general counsel and is a staunch advocate for merchants’ interests on payments issues. He plans to consult on payments and …
Read More »Choke Point Figure Moves On and other Digital Transactions News briefs
• Juniper Research released a study estimating retailers globally will sustain $71 billion in card-not-present fraud over the next five years. The firm cites the U.S. move to EMV and “delays” in the arrival of the 3D Secure 2.0 protocol among the reasons for the forecasted losses. • Michael S. Blume, …
Read More »With Its Deal for Whole Foods, Amazon Could Usher in Seismic Change for the Checkout
By John Stewart @DTPaymentNews If Amazon.com Inc.’s $13.7 billion acquisition of Whole Foods Market Inc. closes later this year as expected, it could set the stage for a radical redefinition not just of in-store payments, but of the checkout experience itself, observers say. The deal, which Amazon announced late last …
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