Digital Transactions Authoritative, insightful and timely information for payments professionals
Not many merchants are doing it yet, but surcharging credit card transactions will soon gain more acceptance as businesses do whatever they can to reduce their card-acceptance costs. That’s the expectation of merchant-processing executives who participated in a panel Tuesday at the Southeast Acquirers Association annual conference in Orlando, Fla. …
March, 2018
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13 March
With Integrated Processing on the Rise, Gateways Have Become a ‘Hot M&A Target’
Independent sales organizations and acquirers looking for a payment gateway have another resource to use. Payments consultancy The Strawhecker Group recently released its Payment Gateway Directory, which catalogs 58 data points about 73 companies. The report also analyzed the performance of the gateways by assessing the account-boarding process, evaluating developer …
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13 March
A Cooling EMV Market And Slipping Chip Card Prices Show up in a Card Maker’s Results
If the payments industry needed further evidence that the EMV frenzy unleashed in the United States in 2015 is cooling off, it can find it in the fourth-quarter 2017 and full-year results posted Monday by CPI Card Group, one of the country’s chief manufacturers of chip cards. U.S. sales of …
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13 March
Fitbit’s New Smart Watch and other Digital Transactions News briefs from 3/13/18
Transaction Network Services announced its Global Wireless Access service now supports 4G roaming in more than 60 nations for use with mobile point-of-sale terminals. Fitbit Inc., maker of wearable fitness devices, released the Fitbit Versa smart watch that includes a contactless-payments capability. Payments provider i2c Inc. announced plans to open …
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12 March
Despite Challenges, Travel Companies Forge Ahead on Mobile Payments, a Report Says
More than anything else, customer demographics will drive mobile-commerce strategies for airlines, finds a study from CellPoint Mobile, a mobile-commerce vendor specializing in the travel industry. In the Miami-based company’s “Mobile Outlook 2018 Report” released last week, it found that, among airline payment professionals in the North America, 56% cited …
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12 March
Food Distributor Selects FTNI and other Digital Transactions News briefs from 3/12/18
VeriFone Systems Inc. introduced its Carbon Mobile 5, a point-of-sale device that fits in the palm of the hand and can run payment, loyalty, and inventory-management applications on the Android operating system. Financial Transmission Network Inc. (FTNI) said Merchants Foodservice, which FTNI says is the 12th-largest U.S. food-service distributor, will …
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11 March
American Express Will Shave Its Discount Rates To Grow Merchant Acceptance
In an effort to make its cards more financially attractive to merchants, American Express Co. plans to cut its worldwide discount rate by potentially up to three times the level it had previously predicted for 2018. AmEx, generally the costliest of the major card brands for merchants to accept, typically …
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9 March
Veem Now Offers Working Capital and other Digital Transactions News briefs from 3/9/18
Cross-border payments provider Veem announced it now offers working capital to merchants through a deal with merchant-financier BlueVine. Payments provider Bluefin Payment Systems LLC said its services will be available to users of practice-management software from Rev360 that is designed for use in eye-care practices. Payments provider Century Business Solutions …
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8 March
VeriFone’s Services Side Grows as Its North American Petroleum Business Struggles
VeriFone Systems Inc.’s North American revenues dipped sharply in the quarter ended Jan. 31, but the point-of-sale terminal and payment software provider nonetheless said it exceeded its financial expectations as software and services sales rose even as hardware sales fell. San Jose, Calif.-based VeriFone on Thursday reported total revenues of …
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8 March
E-Commerce Specialist Stripe Snaps up Faster EMV Developer Index in Multichannel Play
The search by online-payments kingpins for avenues into physical-world stores reached a new milestone with the acquisition by Stripe Inc. of point-of-sale technologist Index Inc. Terms of the deal were not disclosed, according to an Index spokesperson, who added the company has no immediate comment on the transaction. A Stripe …