The Faster Payments Task Force issued a final report in July with an eye-popping goal: National, real-time payments by 2020. Here’s a guide to the 16 providers that might just do the job. In July, the Federal Reserve-sponsored Faster Payments Task Force capped off two years of hard work with …
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Tabletop POS On the Menu
It’s where dining out, consumer affinity for self-service, and a desire to know more about consumers converge. Consumers are expected to spend $736.3 billion—yes, billion—on dining out in 2017. That’s a lot of credit and debit card payments. It’s enough to make the tabletop point-of-sale market a fiercely competitive one, …
Read More »Google Aims To Leverage Its Millions of Credit Card Credentials for Mobile Commerce
Google plans soon to give merchants access to the vast trove of credit card credentials it has in its databases to speed customer checkout for mobile and online payments. The search-engine giant, however, is not putting itself in competition with payment card networks, a Google executive said this week. The …
Read More »An ISO’s POS Software Integration and other Digital Transactions News briefs
Factor4 LLC, which offers a white-label gift card and loyalty solution to independent sales organizations and small businesses, has integrated its platform with Click a Waiter Inc., an online-ordering service for restaurants. Payments provider Merchant Consulting Group Inc. announced its payments service will be integrated into Parkloco’s parking-focused software. Processor JetPay Corp. said second-quarter …
Read More »New Data Helps ISOs Court SMB E-Commerce Merchants in the Top U.S. Cities
Acquirers wanting to tap into the ever-growing number of e-commerce merchants, especially small businesses, might do well to target a handful of U.S. cities with large bases of retail entrepreneurs. E-commerce platform provider Volusion released this week a list of the top 10 cities based on volume of merchants and …
Read More »Digital Transactions 2017 Buyer’s Guide
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Read More »Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium
In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …
Read More »Vantiv’s Bank Referral Deal and other Digital Transactions News briefs
Retailer J.C. Penney Co. Inc. announced it now accepts Apple Pay in its stores. The Penney store card will be available for use with Apple Pay, enabling cardholders to earn shopping points through JCPenney Rewards, the store’s loyalty program. Merchant processor Vantiv Inc. announced it has been selected by Columbia Bank, Tacoma, Wash., to provide …
Read More »Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
• A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. • Square Inc. announced that Randy Garutti, chief executive of …
Read More »Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs
A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. Square Inc. announced that Randy Garutti, chief executive of the …
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