By Jim Daly@DTPaymentNews The notion of the federal government auctioning off Bitcoin seized in drug busts and other actions looks like it’s an idea with some staying power. The U.S. Marshals Service on Monday scheduled yet another auction of the virtual currency in the wake of the four it conducted …
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Funding Data Confirms It: In-Store Tech Is Exploding As the Point of Sale Modernizes
By John Stewart @DTPaymentNews It’s no secret the U.S. point of sale is undergoing perhaps the most extensive overhaul in its long and storied history, but now there’s evidence that a crowd of technology startups are sharing in the bounty that sweeping modernization is generating. Point-of-sale startups will likely reap …
Read More »Green Dot Doubles 2Q Profit and other Digital Transactions News briefs
• Prepaid card provider Green Dot Corp. reported that second-quarter net income more than doubled from a year earlier to $7.78 million on a 2% increase in operating revenues to $173.5 million. While Green Dot’s active card count of 4.28 million was down 11% from a year earlier, purchase volume …
Read More »80% of MasterCard Credit Cards Have Chip and other Digital Transactions News briefs
• Processor Fiserv Inc. will market Early Warning LLC’s clearXchange person-to-person real-time payments network to its financial-institution clients under a new agreement. The deal follows a similar arrangement the companies reached last year for real-time bill payments and deposits. Fiserv also said adjusted second-quarter revenues in its payments segment increased nearly 11% …
Read More »MasterCard and Visa Join clearXchange, Enabling Use of Their Cards on the Peer-to-Peer Network
By Kevin Woodward@DTPaymentNews Early Warning Services LLC announced Tuesday that both Visa Inc. and MasterCard Inc. are now part of its clearXchange peer-to-peer network. The addition of the two largest card brands means customers of participating financial institutions will be able to send money to others using a U.S.-issued debit …
Read More »Bluepoint Image Capture Firm Sold and other Digital Transactions News briefs
• International Business Machines Corp. reportedly is in early talks to acquire iPad-based point-of-sale technology provider Revel Systems Inc., according to Bloomberg. • Investment firm Battery Ventures said it reached an agreement to acquire Bluepoint Solutions Inc., a privately-owned image-capture and document-management firm, and will merge it with Alogent, a …
Read More »Epson America Launches Partner program and other Digital Transactions News briefs
• FinTech Acquisition Corp. announced it has completed its acquisition of processor CardConnect LLC, which has become a wholly owned subsidiary. Renamed CardConnect Corp., the company began trading Monday on the NASDAQ under the symbol “CCN.” • Epson America Inc. launched the Envision mSelect Partner program to help mobile point-of-sale …
Read More »How Restaurant EMV Could Boost Mobile Wallets As Issuers Turn to PIN Verification
By John Stewart @DTPaymentNews Most mobile wallets in North America have struggled to win adoption and usage among consumers, and some apps backed by mobile networks have already fallen by the wayside. But one factor that could promote mobile payments is likely to come from a surprising source: restaurants. With …
Read More »MoneyGram Money-Transfer Volume Up and other Digital Transactions News briefs
• For its second quarter ended June 30, MoneyGram International Inc. reported transactions on its digital money transfer service grew 9% and accounted for 15% of all money-transfer transactions handled by the company. Revenue for the service increased 17% and accounted for 13% of overall money-transfer revenue. • Because of …
Read More »Eye on Earnings: Ingenico North America up 11%; Sales Up, Profits Down at TSYS
The U.S. migration to the EMV chip card standard continues to pay off for point-of-sale terminal maker Ingenico Group as the company reported a 14% increase in its North America revenue for the first six months of 2016. France-based Ingenico, in its earnings results released Tuesday, said it recorded 148 …
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