Bank card merchant acquirers participating in American Express Co.’s OptBlue program signed 1 million small businesses for AmEx acceptance last year, an AmEx executive tells Digital Transactions News. The push came as New York City-based AmEx drives toward chief executive Kenneth I. Chenault’s goal of having AmEx’s merchant base reach …
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How the Growing Mobile-Ordering Phenomenon Is Creating Opportunities for Payment Firms
Starbucks Corp. showcased it, and now more and more restaurants are adding mobile order-ahead and payment services in an effort to generate new business—and payments firms are only too happy to help them. “Restaurants and other retail merchants are realizing that mobile order ahead is a new sales channel with …
Read More »Mastercard Buys NuData Security And Other Digital Transactions News Briefs
• Mastercard Inc. has agreed to acquire NuData Security, whose technology identifies users from their online, mobile-app, and smart-phone interactions. Terms were not disclosed. • Fair Isaac Corp., otherwise known as FICO, said it detected 70% more compromised debit cards at U.S. ATMs and point-of-sale terminals in 2016 than it did …
Read More »Veteran Card Execs Form Card Startup And Other Digital Transactions News Briefs
• Several veteran credit card executives, mostly from Bank of America and Capital One, have formed a new company to issue a credit card branded “Ollo.” Rob Habgood, formerly with both BofA and Capital One, is chief executive of the newly formed issuer, Fair Square Financial Holdings. Other executives with …
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 »Royal Bank Talks up Siri and other Digital Transactions News briefs
• Punchh, provider of mobile loyalty systems for restaurants, has introduced a chatbot that allows customers to “converse” with dining clients on Facebook Messenger, Amazon.com Inc.’s Alexa, and other platforms. Punchh says the chatbot integrates “quickly and easily” with existing point-of-sale, loyalty, and ordering programs. • Royal Bank of Canada said …
Read More »With McDonald’s Saying ‘I’m Lovin’ It’ to Order Ahead, Mobile Payments Could Get a Boost
Mobile order-ahead-and-pay functionality has been adopted lately by restaurants ranging from Starbucks Corp. to Chick-fil-A. But with the announcement on Wednesday by McDonald’s Corp. that it will offer the service on its mobile app, the world’s largest hamburger chain could finally push mobile payments into the consumer mainstream. At an …
Read More »Eye on ATMs & Kiosks: Making the Card-Before-Cash Switch; Kiosks at McDonald’s
As the U.S. payments industry continues its massive migration to EMV, issues here and there, such as payment cards being left behind in ATMs, pop up. About six months after INTRUST Bank completed its ATM EMV conversion a year ago, the problem of unrecovered cards started, says Joe Morin, ATM …
Read More »Dwolla Debuts Transfer Web App and other Digital Transactions News briefs
• McDonald’s Corp. is adding order-ahead and payment features to its mobile app as part of a new global growth strategy; mobile order and pay will be enabled in 20,000 restaurants in the U.S. and other countries by year’s end, the fast-food giant giant said. • Dwolla Inc. has introduced Transfer, …
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