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05.04.17

PayNearMe Expands Bill-Pay Service with CVS Deal

With 27 percent of U.S. households unbanked or underbanked, according to the most recent FDIC report on the subject, PayNearMe continues in its efforts to make it easier for such consumers, as well as those who prefer not to use plastic or checks, to pay bills using cash.

05.03.17

Chipotle Investigates Breach

Chipotle has suffered a breach of its payment card processing system, and is reportedly analyzing transactions that took place between March 24 and April 18 for more evidence of the intrusion.

04.12.17

PayPal’s TIO Offer Wins Shareholder Approval

PayPal’s bid to acquire Vancouver-based bill payment specialist TIO Networks has been approved by TIO shareholders, who overwhelmingly voted in favor of the proposed sale at a special meeting this week.

04.11.17

Harland Clarke Pays $630 Million Premium for RetailMeNot

No doubt banking on the value consumers will place on integrating online coupons into the purchasing experience, payments provider Harland Clarke has agreed to purchase merchant offers marketplace RetailMeNot Inc., in a deal valued at around $630 million.

04.04.17

Amazon Enables Cash Account Loads via Retail Locations

In a bid to reach unbanked consumers as well as those who prefer cash, Amazon has debuted a new service that enables consumers to load cash to Amazon accounts at U.S. brick-and-mortar merchant locations and then use those funds to make online purchases through Amazon.

03.21.17

Walmart Pushes Omnichannel Shopping with New Tech Incubator

Walmart recently announced another step toward further developing its e-commerce business with the creation of a technology incubator called Store No. 8 to create new retail online businesses as well as help the retail giant better compete against Amazon.com.

03.16.17

Consumers Are Open to Payment Innovation, But First Improve Existing Tools

Retail transactions promise to become more vocal and mobile in 2017, according to a new U.K. survey report. Even so, the mainstreaming of chat bots and other new tools appears a while off, given the relatively low level of awareness enjoyed by those innovative technologies.

03.15.17

Fill ’Er Up: Samsung Pay Is Now Good at ExxonMobil Stations

Samsung Pay took another stride this week, with ExxonMobil announcing that its customers can now use the mobile wallet at the pump to pay for gas. This expansion comes only months after Samsung launched a points-based rewards program for Samsung Pay.

03.08.17

Verifone Investigates Breach that Targeted U.S. Merchants

Terminal maker Verifone says it’s investigating a breach that involved an attempt to get into its corporate network and targeted U.S. merchants. The company, which sells point-of-sale technology, says the Jan. 17 incident has not resulted in any misuse of data.

03.07.17

As Gifting Evolves, First Data, FLEETCOR Combine Gift Card Operations

With gifting loads hitting nearly $300 billion annually in the U.S. according to Mercator Advisory Group, First Data and FLEETCOR Technologies are banding together in a new joint venture that will consolidate each company’s gift card operations into a new, single entity, in a bid to give clients a “broader international reach and a more robust end-to-end offering.”