Private equity firm acquires Verifone for $3.4B

Verifone Systems Inc. and Francisco Partners, a technology-focused private equity firm, have entered into a definitive agreement under which an investor group led by Francisco Partners, and including British Columbia Investment Management Corp., will acquire Verifone for $23.04 per share...

Phillips 66 to integrate Masterpass within mobile app

MasterCard has announced that Phillips 66 will integrate Masterpass into its My Phillips 66 app later this year, according to a press release. MasterCard’s digital payment service will enable Phillips 66 customers to pay both at the pump and in...

Study: Few businesses cope well with emerging technology

Many company leaders believe they are prepared for the upheaval that accompanies emerging technologies. However, few businesses are coping well with the changes that have occurred already, according to a study by West Monroe Partners, a business and technology consultancy....

Certain Swedes rebel against a cashless society

In Sweden, there's a name for it: Kontantupproret.

3T Solutions launches financial center kiosk with C-store chain

3T Solutions Inc. has launched its financial center kiosk at Hop In C-stores, a 34-store chain in Memphis, Tennessee. The kiosk offers check-to-cash, check-to-card and touchscreen electronic bill payment.

Ingenico upgrades KFC's payments acceptance to include contactless, EMV

Ingenico Group recently announced that KFC has migrated its payments system in the U.S. to Ingenico's Telium Semi-Integrated product to help simplify its path to EMV card acceptance and to reduce PCI compliance scope, according to a press release. As...

Citi preps new mobile banking capabilities for iPhone users

After hinting at the possibility in a recent earnings call, Citi has now made it official: The FI will launch comprehensive, new mobile capabilities on the Citi Mobile App for iPhone to create a national digital banking network. New features...

ICICI Bank adds social media twist to mobile money transfers in India

ICICI Bank, India's largest private sector bank by consolidated assets, has announced the launch of a service that enables consumers outside of India to transfer funds to a beneficiary in India using social media like WhatsApp and e-mail. The service,...

Another data breach revealed, this one affecting Sears and Delta

The payment data of Sears, Kmart and Delta Air Lines customers may have been compromised in a cybersecurity attack on a software service provider. The breach, which happened in late September 2017 at [24]7.ai, was resolved on October 12 the...

Study: 2.1B consumers worldwide set to use a mobile wallet in 2019

A new Juniper Research study has found that nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up by nearly 30 percent on the 1.6 billion recorded at the end...

Uncertainty remains over Panera Bread data breach

Panera Bread might have accidentally leaked millions of customer records, according to a story published Monday by Brian Krebs, a former reporter for The Washington Post, on his website, Krebs On Security. The article said that the breach had been...

Walmart works with MoneyGram on global money transfer service

Walmart and MoneyGram International are coming together on a new international money transfer service called Walmart2World that will debut later this month at the retailer's U.S. locations, according to a press release. "We think sending money should cost the same...

Wirecard, Crédit Agricole partner to launch digital payment services in Europe

Crédit Agricole Payment Services, a fully-owned subsidiary of Crédit Agricole, and Wirecard have signed a comprehensive contract to start their next generation digital partnership in payment services, according to a press release. After starting initial negotiations in December 2017, the...

BitPay closes extended $40M Series B Round

BitPay has closed a $40 million extended Series B funding round, which brings its total raised capital to over $70 million, according to a press release. New investors in BitPay include Menlo Ventures, Capital Nine, G Squared, Nimble Ventures (an...

Octopus expands merchant acceptance via NFC-enabled mPOS app

Octopus Cards Limited has launched a new feature to enhance the Octopus App for Business, enabling merchants to accept Octopus card payment through their NFC mobile devices, according to a press release. Users of all Octopus cards and products (including...

ShopKeep expands payment processing capabilities to include TSYS' ProPay

ShopKeep and ProPay, a TSYS company, have announced a new partnership in which ProPay will manage payment processing via its Payment Facilitator service for the segment of ShopKeep's merchants who opt to self-serve onto ShopKeep's platform, according to a press...

Mobile payments set to reach $4.5B market value by 2023

Data from Allied Market Research suggests that the mobile payment market will expand at a compound annual growth rate of 33.8 percent from 2017 to 2023, to reach a market value of $4.574 billion. AMR attributes its growth projections to...

Hudson's Bay brands suffer payment card data breach

Hudson's Bay, a Canada-based department store operator whose brands include Saks Fifth Avenue and Lord & Taylor's, announced Sunday night that that hackers compromised some 5 million credit and debit cards. "Once we have more clarity around the facts, we...

Yandex adds online installment payment plan to digital wallet

Yandex Money, which is considered the equivalent of PayPal in Russia, has introduced a new feature to its Checkout product that enables online stores and services to provide their customers with an option of paying for purchases in installments, according...

Newegg opens bitcoin payments to Canadian shoppers

Newegg has announced Canadian consumers now have the option of paying with bitcoin on its site, according to a press release.  The company first offered a bitcoin payment option to its U.S. customers in August 2014 as one of the first major retailers to do so.

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