Monday , November 25, 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.

VeriFone Unloads Its Taxi Business, But Confronts a Challenging U.S. Market

VeriFone Systems Inc. has finally shed its underperforming taxi business, but it still faces a North American market hampered by a three-year delay in an EMV deadline for U.S. petroleum marketers. The San Jose, Calif.-based point-of-sale company sold the taxi unit on Tuesday for $30 million. VeriFone, which will retain …

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Bitcoin’s Fast Rise Has Investors Giddy But Obscures a New Solution for Network Growth

Bitcoin’s heady rise this year has pleased investors and drawn the attention of derivatives exchanges and other institutional players, but it may also have obscured a development going on behind the scenes to solve one of the digital currency’s biggest drawbacks: its weakness as a payment method. Bitcoin, which started …

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How Should a Global Network Be Governed? An Answer from AmEx’s Chenault Sparks Debate

Whether he intended to or not, Ken Chenault may well have touched off a debate about what constitutes the ideal governance structure for a global payments network. Chenault, who will retire early next year as chairman and chief executive of American Express Co., charged this week that his two big …

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Square Expands Its Bitcoin Beta to More Cash App Users While Bitcoin Pierces the $13K Level

Square Inc. late Tuesday said it is expanding its Bitcoin pilot as the cryptocurrency continues to climb, briefly breaching the $13,000 level early Wednesday. The pilot, which Square launched four weeks ago for what it said was a “small” number of Square Cash users, is now being made available to …

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With the Launch of Apple Pay Cash, Apple Stakes Its Claim in a Crowded P2P Business

Apple Inc. on Monday officially entered an increasingly crowded arena of players looking to carve out a share of the market for person-to-person payments. Apple Pay Cash, which the Cupertino, Calif.-based tech giant first announced six months ago, went live following the release of iOS 11.2, Apple’s latest operating-system update …

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PayPal Says Its TIO Probe Found Evidence of a Breach Affecting Potentially 1.6 Million Customers

PayPal Holdings Inc. and its TIO Networks unit are arranging free credit monitoring for consumers after finding evidence of a data breach at TIO that the companies say has potentially affected personally identifiable information for about 1.6 million customers of TIO’s bill-pay service. The unauthorized access could have compromised data …

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With a Green Light From the CFTC, Three Trading Houses Get Set for Bitcoin Futures

CME Group Inc. said on Friday it will launch a futures contract for Bitcoin on Dec. 18, a move some expect will lend considerable stability to the market for the 8-year-old digital currency. Also on Friday, Chicago-based CME’s crosstown rival, Cboe Global Markets Inc., said it will announce “shortly” an …

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PayPal Restores Some TIO Service But Big Questions Linger Over TIO’s Security Issues

PayPal Holdings Inc. has restored some service in its TIO Networks bill-pay operation but pressing questions remain about the security vulnerability that spurred PayPal to shut down the service and about how TIO’s problems will affect PayPal chief executive Dan Schulman’s strategy to serve the underbanked population. The incident also …

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Bitcoin Jumps Past $11,000, But That’s Making Some Square Analysts Nervous

Much as cryptocurrency skeptics would like to set aside Bitcoin, the currency keeps intruding into the payments world. On Wednesday, Bitcoin began trading above $11,000, only a day after it sailed past the $10,000 mark and just three days after pushing past $9,000. But Bitcoin bullishness isn’t helping Square Inc. …

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A Bullish Market Pushes Bitcoin Past $9,000 As a P2P App for the Digital Currency Emerges

So far, nobody is making any money betting on Bitcoin to crash. The digital currency on Sunday soared past the $9,000 mark just five days after hitting $8,000 for the first time, and the $10,000 level could be in sight as early as later Monday, according to Coindesk, an online …

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