MagTek Launches E-Signature Service and Other Digital Transactions News Briefs From 4/18/18 |
Netherlands-based processor Adyen reported that it generated 114 billion in revenue last year up 400 million over 2016 on merchant volume of 122 billion up 61 Recent press reports have speculated that Adyen which has US operations headquartered in San Francisco is considering an IPO Shares in online marketplace eBay Inc were expected to get a lift Wednesday after a report from Morgan Stanley analyst Brian Nowak predicted the company could realize 26 billion in annual payments revenue by 2021 as a result of its shift to an in-house payments system that gradually displaces long-time provider PayPal Holdings Inc and relies on back-end processing by Adyen Payment-technology provider MagTek Inc announced the availability of QwickSign an electronic signature service developed with AssureSign a specialist in e-signature technology Merchant processor Clearent LLC rolled out its Cloud EMV payments service following integrations with several of its independent software vendor partners Point-of-sale equipment maker Ingenico Group announced distribution deals with five retail and hospitality software vendors including NCR Corps NCR Silver PayMyTab SecureTablePay eTouchMenu and iMobile3 Cross-border payments processor TransferWise has become the first nonbank company to gain direct access to the United Kingdoms 10-year-old faster-payments system The startup which was founded in 2011 processes more than 2 billion in payments monthly and has been trying for five years to gain a settlement account in the Bank of Englands Real Time Gross Settlement System according to its executives US Bancorp owner of merchant acquirer Elavon reported 363 million in first-quarter merchant-processing revenues up 25 from 354 million a year earlier Chevrolet and Shell announced what they say is the first fuel-payment system embedded in an automobile dash The system which offers fuel discounts and works with select vehicles at select stations is in pilot and is expected to roll out nationally over the coming months the companies say Elevate Credit Inc a credit provider for non-prime consumers announced a collaboration with Mastercard Inc to develop a new credit product for the approximately 160 million Americans with low or no credit scores The credit card is expected to launch this year and will feature on off functionality credit-score monitoring and a companion app The PCI Security Standards Council published updated data-protection guidelines for cloud-computing systems that handle payment card data