For the last four years, Square Cash has been a popular person-to-person payment app, but now Square Inc. is adding another function: buying and selling Bitcoin. The San Francisco payments company is testing the new feature with an undisclosed number of Square Cash users, according to the company and users’ …
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Digital-Coupon Redemptions Will Top $91 Billion in Five Years, Says Juniper
Chatbots, quick-response codes, and so-called invisible payments will spur digital-coupon redemption volume to $91 billion worldwide by 2022, forecasts Juniper Research Ltd. These three technologies will propel redemption as consumers increasingly become accustomed to them, says the United Kingdom-based research firm. For example, chatbots, a form of machine learning that …
Read More »ShopKeep’s Yext Integration and other Digital Transactions News briefs from 11/14/17
ShopKeep, a provider of tablet-based point-of-sale equipment and services, announced an integration with online-information management service Yext Inc. The integration will allow ShopKeep clients to check and modify information about their businesses across platforms like Google, Apple, Facebook, Bing, and Yahoo. Point-of-sale terminal maker Ingenico Group released the Moby/8500 mobile …
Read More »Visa And Mastercard Grow In Europe As Issuers Drop Electron and Maestro Brands
As in the United States, Visa Inc. and Mastercard Inc. dominate card payments in Europe, but now the two U.S.-based card brands are growing on that continent partly at the expense of smaller brands they own. European issuers are systematically switching Visa Electron and Mastercard Maestro cards to simply Visa …
Read More »Gift Card Recipients Spend More and other Digital Transactions News briefs from 11/10/17
Private-equity firm Thoma Bravo LLC announced it plans to acquire ABC Financial Services Inc., an independent sales organization and software company serving more than 6,700 health clubs in North America and Europe. Terms of the deal, which is expected to close by year’s end, were not disclosed. Morgan Stanley Wealth …
Read More »CPI Notes Slow EMV Card Demand and other Digital Transactions News briefs from 11/9/17
Backers of the so-called SegWit2x proposal to double block size for Bitcoin suspended the effort on Wednesday, citing a lack of “consensus for a clean blocksize upgrade.” The move, which would have occurred around Nov. 16, was an effort to increase transaction capacity for Bitcoin and relieve upward pressure on …
Read More »Gone With the Wind: Hurricanes Blow a Hole in a Puerto Rican Processor’s Volumes
Hurricanes Irma and especially Maria devastated Puerto Rico-based payment processor Evertec Inc.’s business in September, and the company’s merchant business is in for a long recovery as the island struggles to restore electric power and other essential services to businesses and residences. In reviewing Evertec’s third-quarter results during a Tuesday …
Read More »Square Cuts Its Net Loss in Half And Lays Stress on Selling to Large Merchants
Square Inc. is still losing money, but less so, and the company made it clear Wednesday its sights are firmly fixed on selling its products and services to larger merchants. “We’re not just about micro-merchants,” chief financial officer Sarah Friar told equity analysts in a conference call to discuss the …
Read More »Phoenix Group Sold to Ingram Micro and other Digital Transactions News briefs from 11/8/17
NCR Corp. launched the NCR Silver Quantum point-of-sale system that features an integrated payment device with mobile wallet acceptance, a customer loyalty program, and a scanner that are loaded onto a Samsung Galaxy Tab A tablet. NCR Silver Quantum, in addition to the NCR Silver POS software, is the first …
Read More »AmEx Launches Analytical Service and other Digital Transactions News briefs from 11/7/17
USA Technologies Inc., which provides payment technology for unattended merchant locations, announced it has an $85 million cash and stock deal to acquire Cantaloupe Systems, a San Francisco-based software provider serving the vending-machine industry. Cantaloupe operates in the U.S., Canada, and several international markets, and its Seed Cloud applications include …
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