The idea of allowing consumers to use PIN debit cards to pay online merchants has been a tough sell in the payments business, but observers hope a deal announced Thursday may give it a much-needed boost. Processing kingpin First Data Corp. said it will acquire Acculynk Inc., a 9-year-old Atlanta-based …
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Global Payments’ EdgeXpress Cloud and other Digital Transactions News briefs
• Samsung Electronics Co.’s soon-to-be-released Galaxy S8 smart phone will employ facial-recognition technology for mobile payments, including the company’s
Read More »UnionPay International’s Vast Reach and other Digital Transactions News briefs
• China-based UnionPay International says more than 41 million merchants and more than 2 million ATMs in 160 countries and regions now accept its UnionPay card, as do 10-million-plus Web-based merchants. More than 80% of U.S. merchants accept the card, the company says. • Point-of-sale terminal maker Equinox Payments said …
Read More »StubHub Users Soon Can Pay With Visa Checkout and other Digital Transactions News briefs
• Point-of-sale system maker E la Carte Inc. launched the PrestoPrime EMV Terminal designed for pay-at-the-table use. In addition to chip-card acceptance, the device also works with contactless payments, such as Apple Pay, Samsung Pay, Android Pay, and Quick Response code-based services. • Visa Inc. said StubHub users soon will be able …
Read More »Chase’s Technology Deal With MCX Is Likely to Boost Chase Pay As CurrentC Declines
The long downward spiral of Merchant Customer Exchange LLC reached another milestone Friday with JPMorgan Chase & Co.’s announcement that it is acquiring technology assets from MCX. The money-center bank will use the technology to help launch its fledgling Chase Pay mobile wallet with more merchants. Waltham, Mass.-based MCX is …
Read More »Payment Data Systems Buys an ISO and other Digital Transactions News briefs
• Private-equity fund Vista Equity Partners said it would buy Canadian payments and financial software provider DH Corp. (D+H) for C$4.8 billion ($3.6 billion) in cash and merge it with one of its portfolio companies, United Kingdom-based Misys, a software provider for retail and corporate banking. • Merchant processor Payment Data Systems Inc. said …
Read More »Eye on Acquisitions: D+H and Misys To Merge; Payment Data To Acquire Singular Payments
The week started out on a fusion theme when a private-equity firm said it would buy Canadian payments and financial software developer DH Corp. for C$4.8 billion ($3.6 billion) and merge it with one of its portfolio companies, United Kingdom-based Misys, a software provider for retail and corporate banking. Also …
Read More »Clearent Completes PAI Merchant Deal and other Digital Transactions News briefs
• Payments provider Clearent LLC completed its purchase of Payment Alliance International’s Merchant Services Division. The deal expands Clearent’s annual processing volume to $14 billion. • International payment-services provider Planet Payment Inc. reported that it processed a total of 191.6 million settled transactions in 2016, down 16% from 227.5 million transactions in …
Read More »Some Data from Chase May Show How the Fledgling Zelle Could Outrun PayPal’s Venmo
All eyes in the person-to-person payments business may be on Venmo these days, but a few tantalizing numbers released last week by JPMorgan Chase & Co. could indicate that a new, bank-controlled payments service set to launch this year will literally give PayPal Holdings Inc.’s P2P app a run for …
Read More »Building a Base of Mobile Payers May Require Players To Pay
For mobile-wallet providers, card issuers, and merchants trying to attract consumers to their mobile-payment services, the way to build a base of active customers can be summarized in two words: pay up. New findings from Auriemma Consulting Group based on research with 1,505 payment card holders eligible for mobile-payments programs …
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