Thursday , November 14, 2024

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

An Activist Social Network Alleges PayPal Is Still Processing for Supremacist Groups

Reacting to violent clashes a year ago in Charlottesville, Va., between white supremacist groups and counter demonstrators, several major payment systems shut down access for supremacist organizations that used the systems to process donations. But now a social network devoted to activist causes says PayPal Holdings Inc. is still processing …

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Why the Electronic Transactions Association Is Focusing on Canada

In response to Canada’s moves to introduce further regulation of its payments industry, the Washington, D.C.-based Electronic Transactions Association said this week it is “expanding” its advocacy effort into that country. So far, the ETA’s effort includes hiring a lobbyist to represent the interests of Canadian payments companies and U.S. …

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At Its Three-Year Mark, Samsung Pay Cites 2,000 Partners And a Billion-Plus Payments

Samsung Pay launched in South Korea three years ago Monday, and on Tuesday Samsung Electronics Co. Ltd. marked the anniversary by releasing some numbers for the mobile-payments platform. Widely known as one of three “Pays” that rely on near-field communication technology for in-store transactions (Apple Pay and Google Pay are …

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A Startup Opens a Concept Store to Compete With Amazon in Ditching Checkout Lanes

Amazon.com Inc. may not have a lock on the concept of a checkout-free store. A San Francisco-based startup company called Zippin said on Monday it has opened a store that lets consumers walk in, pick up the items they want to buy, and simply walk out. Zippin’s technology tracks what …

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Ripple Signs Three Exchanges to Support Cross-Border Payments As Pilots Near Completion

Distributed-ledger payments provider Ripple Labs on Thursday announced three cryptocurrency exchanges that will work with its xRapid cross-border payments product. XRapid uses Ripple’s XRP digital currency and depends on exchanges to translate transactions into local fiat currencies. San Francisco-based Ripple said it is partnering with Bittrex for exchanges to U.S. …

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With Fast-Growing Fintechs Taking a Toll, Banks Will Soon Claim Less Than 50% of Payments Revenue

Financial institutions have been battling fast-growing fintechs and other nonbanks for payments share and revenue for years, but now new research indicates banks, which have historically controlled this crucial business, are on the cusp of slipping from that dominant perch. In 2017, U.S. banks’ total payments revenue netted out to …

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Eye on Crypto: Square Takes Bitcoin to 50 States; A Former Top Visa Exec Touts Easier Transfers

Users of Square Inc.’s Cash App can now buy and sell Bitcoin in all states, according to a tweet the company sent at mid-day Monday. The Bitcoin capability, which Square introduced in November as a pilot, is hardly a major business for the San Francisco-based payments company, but it is starting …

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Commanding 92% of the Home Market, It’s No Wonder Chinese Mobile Giants Are Looking Abroad

One reason China’s Ant Financial Services Group and Tencent Holdings Ltd. are interested in facilitating mobile payments for Chinese travelers in foreign markets, including the United States, is that both companies are topping out in their home market. Combined, Ant’s Alipay and Tencent’s WeChat Pay controlled an estimated $15.5 trillion …

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Following Mastercard’s Crypto Patent, Intuit Wins One for Bitcoin Transfers Via Text Messages

Bitcoin’s volatility may have dampened the payments industry’s enthusiasm for the cryptocurrency, but payments players are now reaping patent awards for Bitcoin-related inventions they filed years ago. The latest example is Intuit Inc., the Mountain View, Calif.-based company behind the popular Quicken and QuickBooks accounting programs for consumers and small …

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Worldpay Finishes First Full Quarter of Combined Operations With $1 Billion in Revenue

Having completed its first full quarter of operation on June 30, Worldpay Inc. on Thursday reported just over $1 billion in net revenue for the period from business lines that include merchant processing, technology services, and card-issuer support. That’s up 11% from what Vantiv Inc. and Worldpay Group plc would …

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Digital Transactions