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.

PayPal Gets a Key Boost at the POS Through a Wide-Ranging Deal With Samsung Pay

In a deal that follows months of partnership agreements with other payments companies, PayPal Holdings Inc. on Monday said its PayPal service will become available as a payment method in Samsung Electronics Co. Ltd.’s Samsung Pay wallet. When it goes live, the link is expected to go a long way …

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Cryptocurrencies Tumble in Value As Capacity And Acceptance Issues Dog Bitcoin

The overall value of the world’s most important digital currencies nose-dived over the weekend as developers and exchanges struggled with key questions related to transaction capacity, merchant acceptance, and other market dynamics. The 11 largest currencies by market capitalization lost 18% of their total value between midnight Friday and early …

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With Same-Day Debits Two Months Away, Experts Urge Measures to Control Expected Risk

As the nation’s automated clearing house network gears up to introduce same-day debits in September, observers are warning that faster processing is likely to open the door to more fraud unless businesses and financial institutions adopt new policies. Some caution the ACH network’s experience so far with same-day credits, which …

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Payroc Adds Enhancements to Its Payment-Facilitator Program And Its Gateway

With the growth of payment-facilitator programs and integrated payments, merchant-service companies are expanding services to take advantage of the trends. The latest is Payroc LLC, which on Wednesday announced it has enhanced both its payments gateway and payment-facilitator program. Payfac programs, as they’re called, allow a merchant-service provider to aggregate …

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Backed by NACHA, a New Payments Group Works Toward Standardized APIs

There’s nothing new about application programming interfaces. The code has been around for years, streamlining payments flows between otherwise unrelated apps. Recently, APIs have made possible the seamless integrations that mobile-payments users now take for granted. But now a group of payments executives are starting to worry that proprietary API …

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Aiming for Global Scale, Vantiv Agrees to Buy Worldpay for $9.9 Billion

In a play for scale in a rapidly expanding e-commerce market, Vantiv Inc. on Wednesday agreed to buy the United Kingdom-based processor Worldpay Group plc for approximately $9.9 billion. JPMorgan Chase & Co., which had also expressed interest in Worldpay, has withdrawn from the bidding. The boards of the two …

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Mobile-Wallet Payments Topped 1 Billion by End of 2015, Latest Fed Data Show

Mobile-wallet transactions in the United States grew 333% from 2012 through 2015, albeit on a relatively small base, according to data released Friday by the Federal Reserve. Wallets generated 1.3 billion payments in 2015, the Fed data show, versus 300 million transactions three years earlier. That robust rate of growth …

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Mobile-Accepting Merchants Register Mixed Results in Risk Detection, Survey Reports

With much of the payments business focused on mobile payments, merchants are making progress in dealing with the payment method but are still lagging in key areas, such as the ability to identify overseas transactions, according to survey results released Thursday. Risk-detection, in particular, is an area where results are …

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