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- In advance of the Super Bowl on Sunday in Minneapolis, Visa Inc. said it has installed 700 upgraded point-of-sale terminals at U.S. Bank Stadium and additional POS devices at certain merchant locations in the city. The new devices are capable of handling contactless EMV transactions. An estimated 1 million people are expected to visit the city for the occasion of pro football’s championship game.
- The new Apple Pay Cash person-to-person payments service is “off to a terrific start,” Apple Inc. CEO Tim Cook told analysts Thursday during Apple’s quarterly earnings conference call. Without giving transaction volumes, he said “millions of people are already using it,” according to a SeekingAlpha.com transcript. Cook also said the Apple Pay mobile-payments service had its biggest quarter ever and is now accepted at more than half of U.S. retail locations.
- Customers of the HotelTonight online reservation service are 65% more likely to complete their bookings when they use the newly rebranded Google Pay mobile-payments service, Google CEO Sundar Pichai said Thursday during Google parent company Alphabet Inc.’s fourth-quarter earnings call, according to Seeking Alpha.com. Other Google Pay merchants include Airbnb and Instacart, he said.
- At just over $44 Friday morning, shares in Square Inc. have dropped about 6% since the company announced Wednesday it has made Bitcoin buying and selling available to most users of its Square Cash peer-to-peer transfer app. Bitcoin was trading in the mid-$8,000s after briefly dipping as low as $7,695, according to Coindesk.
- First American Payment Systems said Neil Randel, its chief executive, will serve a two-year term on the board of directors for the Electronic Transactions Association. Other First American executives will serve on various ETA committees.
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