Digital Transactions Authoritative, insightful and timely information for payments professionals
• Merchant acquirer Global Payments Inc. reported net income of $69.1 million for fiscal 2016’s third quarter ended Feb. 29, up 10.4% from $62.6 million a year earlier. Revenues came in at $679.9 million, up 2.2%. Global Payments expects to complete its acquisition of Heartland Payment Systems Inc. this month.
• Merchant processor Square Inc. said it is adding two features to its Customer Engagement suite of services for merchants to communicate with shoppers after they’ve left the store, including Facebook Ad Integration to reach customers on the big social network, and Automated Campaign, an email service that asks customers to check out the Square merchant on the Yelp review site.
• ProPay, a unit of Total System Services Inc. (TSYS), says it now supports Samsung Pay, the mobile-payment service from Samsung Electronics Co. Ltd.
• E-coupon and digital gift card specialist CashStar Inc. reported more than $1 billion in gross merchant load in 2015.
• Payments company iPayment Inc. says it is offering merchant-related data services from Womply Inc. to its merchants via the iAccess Insights platform.
• Online-payments processor Klarna and digital payments hub Modo announced a partnership under which Modo will ease retailers’ implementation of the Klarna checkout service worldwide.
• Porter Airlines Inc. now accepts payments made by travelers using Universal Air Travel Plan Inc., a corporate-travel payment service.
• JPMorgan Chase & Co. capped ATM cash withdrawals by non-Chase customers at $1,000 per card per day, The Wall Street Journal reported; normally the customer’s bank, not the ATM owner, sets withdrawal limits, but some non-customers reportedly withdrew as much as $20,000 in a few single transactions at Chase ATMs.
• Processor Bank of America Merchant Services LLC announced it has entered the European market and set up a London-based unit called BofA Merrill Lynch Merchant Services (Europe) Ltd.
• Cryptocurrency technology provider Nuspay appointed Darrel Anderson, president of Conformance Technologies Inc. and a former Total System Services Inc. (TSYS) executive, to its board of advisors.
