Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant processor Sterling Payment Technologies, a unit of EVO Payments International, has partnered with RPower Point of Sale, a vendor of point-of-sale software for restaurants, to offer an EMV solution for the hospitality industry.
• Merchant processor Square Inc. introduced Caviar pickup, a new feature on its Caviar restaurant food-ordering and delivery service that lets consumers order ahead and skip the line to pick up their meals at restaurants. Square also said it acquired the pick-up business of Kinetic Farm Inc.’s OrderAhead service; terms were not disclosed.
• The GSMA, a worldwide trade group for mobile operators, published its latest “State of the Industry Report on Mobile Money” showing that in the years since the launch of M-Pesa in Kenya more than half a billion registered mobile-money accounts have developed worldwide, with 174 million of these being active. The report shows the average cost of sending international remittances via mobile money is less than half the cost of using a global money-transfer operator.
• Online-payments provider Klarna is providing instant-credit options to customers purchasing from online mattress retailer GhostBed.
• DH Corp. (D+H) said Alaska’s Denali Federal Credit Union picked D+H to provide signature debit and credit card processing services.
• SegPay, a processor specializing in high-risk merchants, said it is relocating its corporate office from Coral Springs, Fla., to Deerfield Beach, Fla., effective March 3 and tripling its office space in preparation for an expansion of its European operations.
• Mastercard Inc. announced it will work with consumer-products company Unilever to bring digital-payments capability to small merchants operating in cash economies around the world.
• South Korea-based ATM maker Puloon Technology announced it will begin selling its Sirius I and Sirius II models in the United States.
• Technology startup Oxygen is preparing a payment wallet based on blockchain technology that will allow drivers of electric vehicles to pay for highway tolls, parking, and electric charging while on the go.
• Fraud-prevention technology provider Forter and the Merchant Risk Council issued a Fraud Attack Index for 2016 showing a 79% increase in fraud risk for online domestic holiday orders in the fourth quarter compared with the same quarter in 2015.
• Merchant processor Global Payments Inc. promoted Cameron M. Bready to senior executive vice president and chief financial officer. He joined the company in 2014 as executive vice president and chief financial officer.
