Monday , March 17, 2025

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

ISO Buyers Looking for Balanced, Low-Attrition Portfolios, Finance Exec Says

The economy is still humming along, but that doesn’t mean independent sales organization owners and executives are having an easy time finding capital when they need or want it. “The credit markets are tight for the payments-industry space,” Jon Engleking, chief operating officer at Super G Capital LLC, said this …

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Payments Firms Need To Keep Their Eyes on Regulators And the States, ETA Lobbyist Says

Regulators and the states currently are more active than Congress on issues affecting the payments industry, according to the Electronic Transactions Association’s point person on governmental affairs. The divided Congress probably won’t pass any major payments-related legislation before the 2020 elections, says Scott Talbott, a senior vice president at the …

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Cash Discounts And Surcharging Remain the Hot Topic for ISOs

They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, …

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Debit Card Issuers’ Authorization Costs Fell 54% in Eight Years, the Fed Reports

Debit card issuers subject to the Durbin Amendment’s interchange price controls saw their average authorization, clearing, and settlement expense, excluding fraud, fall to 3.6 cents per transaction in 2017, down 54% since 2009, the Fed reported Thursday. The Durbin Amendment to 2010’s Dodd-Frank Act requires the Fed to issue a …

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Priority Technology Blames a Mastercard Subscription Rule for Its $19.5 Million Revenue Hit

Merchant processor Priority Technology Holdings Inc.’s fourth-quarter revenues fell by $19.5 million, a drop of 16.5%, in the face of a new Mastercard Inc. rule change tightening consumer notices on subscription billings. “This decline was being driven by one factor and one factor only,” Priority chairman and chief executive Thomas …

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Chase Replacing Prepaid Liquid Card With a Bank Account

Banking giant JPMorgan Chase & Co. is discontinuing its Chase Liquid general-purpose reloadable prepaid card and replacing it with a checking account called Chase Secure Banking, which has many of the same features but requires the customer to open a Chase bank account. Launched in 2012 and aimed mainly at …

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Instagram Testing Shoppable Ads With PayPal as Its Payments Partner

So-called shoppable ads could get a big boost if a tap-and-buy test announced Tuesday by Facebook Inc.’s Instagram social network succeeds, a test in which PayPal Holdings Inc. is the payment processor. Other social networks and Internet sites have rolled out or begun testing shoppable ads, including Pinterest, Snap Inc.’s …

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FIS And Worldpay: Merger Mania Probably Isn’t Over, Analysts Say

Close observers of the payment-processing industry predicted Fiserv Inc. would start a merger wave when it announced its $22 billion deal to acquire First Data Corp. in January. That prophecy seems to have come true with the even bigger $43 billion FIS-Worldpay merger announced Monday, and the consolidation wave probably hasn’t …

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First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …

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EVO Plans To Pump Up U.S. Growth While Eyeing Further Foreign Expansion

Merchant acquirer EVO Payments Inc. plans to reinvigorate its lagging U.S. e-commerce business while still pursuing expansion opportunities abroad, its chief executive said Wednesday. Atlanta-based EVO is one of the smaller publicly traded payment processors, and it has a unique business model. Its roots are in the U.S., but today …

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