Fiserv Inc. is breaking new ground, at least in the payments industry, by putting not its company name but the brand of one of its leading products on a stadium. The processor announced Monday that First Data Field, a 7,000-seat stadium in Port St. Lucie, Fla., where the New York …
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Can You Deliver on Instant Payouts?
Across multiple industries, workers and consumers are increasingly looking for right-now funding. Businesses that want to thrive will have to meet that expectation. In a world where instant gratification is king, Freddie Mercury’s famous lyrics have never rung truer: “I want it all, I want it all, I want it …
Read More »Adyen Gets a Break Today With New McDonald’s Mobile-App Contract
Payment gateway Adyen N.V. reported Wednesday that fast-food giant McDonald’s Corp. picked it to handle payments generated on its mobile app in several markets, starting in the United Kingdom. Amsterdam-based Adyen, which has U.S. offices in San Francisco and New York, said in a statement “that it has entered into …
Read More »A Stubborn Scheme
Chip cards were supposed to make it harder to commit fraud at the point of sale and at ATMs, but card skimmers haven’t gotten the memo. If you think EMV cards have put a big dent in card skimming, think again. In October, the U.S. Attorney’s Office for the Southern …
Read More »Taking Merchants to School
Merchant education can be a strategic advantage if you do it right. That starts with showing merchants how they can benefit from technology. Keeping up with payment technology is not easy for merchants. As if the learning curve for EMV, which is still rolling out in some merchant segments, wasn’t …
Read More »FIS Adds P2P Tool and other Digital Transactions News briefs from 11/25/19
Processor Fidelity National Information Services Inc. (FIS) announced it has integrated IBM Corp.’s Safer Payments tool for its peer-to-peer payments products. Safer Payments relies on artificial intelligence and machine learning to sift through transactions for signs of fraud.Catch Hospitality Group, which operates the Catch NYC and Catch Steak restaurants, said it discovered malware on …
Read More »Newtek Makes Developer Bet and other Digital Transactions News briefs from 11/21/19
Newtek Business Services Corp., a provider of loans, merchant processing, and other services for small businesses, acquired a 51% stake in POS on Cloud, developer of payments and business-management systems for restaurants, retailers, assisted-living providers, and parks and golf courses.Fidelity National Information Services Inc. (FIS) said Eyefinity, a software developer for …
Read More »Checkers Contends With POS Malware and other Digital Transactions New briefs from 11/18/19
Checkers Drive-in Restaurants Inc., which in May said malware had affected certain of its Checkers and Rally’s locations, said it is aware the malware had affected one more Checkers and Rally’s location and also that the malware had been re-installed at “several” locations the company had previously identified as affected. The company …
Read More »U.S. Holiday Sales Could Top $1 Trillion, With Mobile Payments Growing 32%
Research firm eMarketer Inc. forecasted that 2019 U.S. holiday sales will surpass $1 trillion in value for the first time. Cyber Monday, the Monday following Thanksgiving, is expected to be the biggest online shopping day and could approach $10 billion in sales. With Thanksgiving falling on the last Thursday of …
Read More »20 European Banks Challenging Card Networks and other Digital Transactions News briefs from 11/6/19
Twenty European banks are working on setting up a pan-European payment system to challenge Visa, Mastercard and technology companies such as Google and PayPal, according to press reports. The project is code-named PEPSI, for Pan European Payment System Initiative.In a development that signals an opening in China’s long-protected payments environment, Chinese mobile-payment giants …
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