QR Code Use Popularity and other Digital Transactions News briefs from 4/20/21
Some 83% of consumers said they had used a QR code in the past year to make a payment or complete a financial transaction, with 54% of those persons saying they had used a QR code for those purposes for the first time in only the past three months. Still, just 39% said they could identify a malicious QR code, according to a survey of 4,157 consumers in the United States, United Kingdom, France, Germany, China, and Japan by Ivanti...
The New Cantaloupe Looks for Renewed Growth in Vending And Adjacent Unattended Payments Markets
With its name change having become official Monday, Cantaloupe Inc. is looking to start a new chapter in the company’s history as it embarks on a strategy to penetrate new segments of the unattended retail market and...
With the Deadline Having Passed, Less Than Half of Sellers Comply With Gas Pump EMV
Saturday has come and gone, and it appears plenty of gas stations—including many branded by major oil companies—are still falling short of chip card acceptance at the pump, despite a deadline for EMV compliance that...
San Francisco Becomes the Fourth Transit System to Adopt Cubic Transportation Systems’ Contactless Payment App
San Francisco late last week became the fourth city to roll out Cubic Transportation Systems’ mobile contactless-payment application, joining Washington D.C., Chicago, and Los Angeles. Consumers can use the...
Mastercard To Acquire Ekata and other Digital Transactions News briefs from 4/19/21
Mastercard Inc. said it will acquire Ekata, a digital identity services company, for $850 million. Ekata helps identify good customers and businesses and bad actors in real time, it said. Ekata, formerly the business-to-business unit of Whitepages Pro, spun off in 2019 and adopted the new name. The deal is expected to close in the next six months.Humbl Inc. announced it has launched the first version of its Humbl Pay mobile app,...
As Covid Restrictions Ease, Consumers Are Using Debit Cards for Hotels, Motels, And Auto Rental
More evidence emerges of how consumer spending has changed in the past year. Consumers are using their debit cards more for transactions at hotels and motels within the travel sector, according to the PSCU Payments...
Nuvei To Acquire Mazooma for $56 Million and other Digital Transactions News briefs from 4/16/21
Payments provider Nuvei Corp. has agreed to acquire Mazooma Technical Services Inc., a payment-technology provider for sports betting, for $56 million plus additional consideration upon achievement of performance criteria.Payments fintech Mogo Inc. has closed on its acquisition of a nearly 20% interest in digital-asset trading platform Coinsquare Ltd.The Clipper app, introduced by Cubic Transportation Systems and San...
Coinbase Stock Soars on Opening Day and other Digital Transactions News briefs from 4/15/21
On its first day of trading as a public company, cryptocurrency exchange Coinbase Global Inc. saw its stock finish at $328.28 per share after starting the day at $381 and rising as high as $429.54 on the Nasdaq. The...
OLB Group Lands a Deal to Equip Three Amateur Baseball Stadiums With Contactless Payments
The OLB Group Inc. on Thursday became the latest processor to support contactless payments and ticketing in sports stadiums when it announced it is partnering with EZ Sports Technologies to equip three arenas that are...
Cardlytics Acquires Bridg and other Digital Transactions News briefs from 4/14/21
Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of digital payments and other services to veterinary hospitals, said it is working...
With the EMV-At-The-Pump Deadline Looming, a Retrofit Kit Promises to Ease Installation
With the deadline for EMV-at-the-pump compliance up to four days away—and with a shortage of installation technicians slowing compliance—Sound Payments Petro Solutions, a provider of technology solutions for the...
Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in
Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to...
More Than a Year Into the Pandemic, Concerns Are Still Swirling About Bans on Cash
More than a year after the Covid-19 pandemic hit, igniting fears that the virus could be spread by handling currency, a group of three financial associations and a Chicago-based cash-in-transit and money-protection...
Buy Now, Pay Later Reveals a ‘More Nuanced Picture,’ According to the Latest Research
The buy now, pay later capability now offered by myriad providers is sweeping the country, but may include a few drawbacks that could hinder future growth, according to a report issued Monday. Research for the report,...
Square Debuts in Ireland and other Digital Transactions News briefs from 4/9/21
Square Inc. entered the acquiring market in Ireland with its Early Access Program, which offers small and medium-size merchants what the company calls exclusive access to Square technology. Square expects to launch its technology generally in Ireland later this year.Transact Holdings Inc., a specialist in payments technology for college campuses, said its encryption features comply with a new rule from Nacha that requires bank account...
Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4
Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released...