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.

Recent Pacts With Visa And MasterCard Begin to Bear Fruit for an Ambitious PayPal

Just three months after forging a landmark agreement with Visa Inc., and not quite two months after doing a similar deal with MasterCard Inc., PayPal Holdings Inc.’s top brass on Thursday indicated the agreements are already paying dividends for the San Jose, Calif.-based digital-payments company. “Our customers are now able …

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An Unexpected Slowdown in EMV Sales Casts a Shadow on VeriFone’s Latest Quarter

“Selling boxes is an unpredictable thing,” Paul Galant, chief executive of VeriFone Systems Inc., told stock analysts Thursday afternoon. Seldom has that been truer for terminal kingpin VeriFone than now, when an unexpected slowdown in EMV adoption by small and medium-size merchants has cut into the company’s sales and hurt …

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Eye on College Payments: More Convenience Fees, And a Nasty Tuition Scam

It’s back-to-school time, and that means it’s also time for college-age students and their parents to pay tuition charges. Most of the largest private, public, and community colleges accept credit cards for these charges, but a growing majority of these institutions also assess hefty so-called convenience fees to cardholders, according …

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Eye on Mobile Payments: Chase Pay Snags Phillips 66; Report Decries Wallets’ Value Void

JPMorgan Chase Co.’s Chase Pay mobile wallet, probably the most ambitious bank-operated U.S. mobile-payments service, on Wednesday announced it has signed up Phillips 66 Co., which sells gasoline under the Phillips 66, Conoco, and 76 brands, and will accept Chase Pay at its pumps and in its stores. No date …

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A New Mobile Wallet from Pharmacy Giant CVS Shows Further Migration From MCX

Slowly but surely, the big merchants that make up the stalled Merchant Customer Exchange LLC retailer consortium are finding their own way in mobile payments. The latest example is MCX stalwart CVS Health Corp., which on Thursday announced the launch of its CVS Pay mobile wallet. The Woonsocket, R.I.-based chain …

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MasterCard’s Banga Parries Queries About Staged-Wallet Fee in Wake of Visa-PayPal Deal

The shock waves generated by Visa Inc.’s new deal with PayPal Holdings Inc. reached MasterCard Inc. on Thursday, with chief executive Ajay Banga hailing the agreement while parrying questions from analysts about its possible effect on a fee MasterCard imposed in 2013 to deal with PayPal and other digital wallets that rely on …

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Apple’s Boss Sums up Apple Pay: ‘Astronomical’ Growth, But on a ‘Very Small’ Base

Apple Inc. is notoriously tightlipped about how its Apple Pay mobile-payments service is doing, and the occasion of the computing giant’s quarterly earnings call late Tuesday was no exception. Still, while Apple chief executive Tim Cook said little to satisfy widespread curiosity about the wallet’s adoption and usage among consumers, …

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With Checkbook, a Payments Veteran Creates a Souped-Up Engine for Check 21 Clearing

The United States remains one of the world’s last bastions of the paper check, a situation a startup called Checkbook Inc. sees as a massive opportunity. The Sunnyvale, Calif.-based company has been working for the last two years on a system that it says allows businesses and individuals to use …

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Visa’s Scharf Feels No Love for the ACH, But Is His Sentiment Based on the Facts?

Visa Inc.’s disdain for the automated clearing house as a competing payments network has been a given for years, but never did it come into focus more than it did last week when the giant card network announced its wide-ranging agreement with PayPal Holdings Inc. The deal smoothed over a …

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In the Face of the National ‘Pays,’ Some Small Institutions Hedge Their Bets

Few observers are surprised big banks like Capital One Financial Corp., JPMorgan Chase & Co., and Wells Fargo & Co. are getting into the mobile-wallet market, but what about smaller financial institutions like credit unions and community banks? While some might figure the small players will fall into the arms …

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