Sunday , December 15, 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.

The U.K.’s Finastra Acquires Malauzai Software in a Bid for Mobile Services for Community Banks

Finastra, a London-based vendor of digital-banking software, announced Monday it has acquired Malauzai Software Inc., a 9-year-old company based in Austin, Texas. Terms were not announced. The deal brings to Finastra a company serving more than 350 community financial institutions with solutions for such digital services as mobile remote deposit …

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Already Ahead of Venmo in Dollars, Zelle Is Poised to Jump Ahead in Users, a Forecaster Says

Now officially a year old, Zelle is steadily gaining momentum. San Francisco-based Bank of the West, the 29th largest bank in the country ranked by assets, announced Thursday it will join the bank-controlled person-to-person payment network, which already claims some of the biggest financial institutions in the country. Also this week, …

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Sensing Strengths, Investors Send Adyen’s Valuation Skyrocketing

Experts have been saying that the payments business is hot, but few suspected it was this hot. The 12-year-old Dutch processor Adyen N.V. gained more ground Thursday on the Euronext Amsterdam exchange before closing the day at 438 euros, or $510, down 3.7%. That’s after finishing on Wednesday, its first …

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What Would Legal Sports Betting Look Like? Many Are Turning to Nevada for an Answer

As legislatures eye geysers of tax revenue in the wake of the May 14 Supreme Court decision leaving legal sports betting up to each state, officials wondering how much that haul could be are looking to Nevada. It’s the only state that permits wide-open wagering on a full menu of …

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In a Sharp Return to Volatility, Cryptocurrencies Shed Almost 13% of Value in One Day

The cryptocurrency market suddenly turned bearish over the weekend, with price drops Sunday among the top 10 coins ranging from 6% to 16%. Overall, the total market capitalization of more than 1,600 currencies tracked by Coinmarketcap.com stood at $296.3 billion Monday morning, compared to $339.4 billion around noon on Saturday, …

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Eye on Self-Checkout: Mobile Checkout That Ditches Apps, And New Locations for Amazon Go

The payments industry’s drive to bypass—or eliminate—the traditional retail checkout typically involves a mobile app, but on Thursday Moltin, a 5-year-old Boston-based developer, introduced a browser-based self-checkout capability that lets customers ring up their own goods. The first merchant to deploy the technology is a San Clemente, Calif.-based clothing maker …

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A New Report Delivers a Cold Dose of Reality on ‘Frictionless Payments’

In the United States, at least, mobile wallets and contactless transactions in general have been a hard sell, but now research results issued Wednesday indicate so-called frictionless payments may themselves hold less attraction for consumers than many had thought. Apps that allow users to set up a payment method and …

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As Interest in Crypto Trading Grows, Blockbid Adopts Brand-Name Risk Solutions

In their short history, trading platforms specializing in cryptocurrency have struggled with the suspicion of some that they are helpmates for shady activities that depend on anonymity. To dispel that notion, the Australian exchange Blockbid Pty Ltd. on Tuesday said it is working with LexisNexis Risk Solutions and ThreatMetrix to …

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Eye on Mastercard: An Assist for FIs on Artificial Intelligence, And New ATM Services

With demand for artificial-intelligence capability soaring across most industries, Mastercard Inc. on Monday announced it is making the technology available to client institutions through a program it calls AI Express. Also on Monday, Mastercard and ATM maker Diebold Nixdorf Inc. unveiled a pair of new cardless ATM features. The new …

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Delaware Moves to Wider Sports Betting As States Look to Exercise Newly Granted Discretion

Delaware will begin allowing single-game sports betting at three casinos starting June 5, the state announced on Thursday. The move makes Delaware only the second state to allow single-game bets and represents the latest result of the U.S. Supreme Court’s decision last month to strike down a 26-year-old law that …

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