Tuesday , November 5, 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.

FIS’s Top Brass Combats a ‘Bear Case’ As the Company Reports Strong Merchant Results

Top executives with FIS Inc. spent a good deal of time Thursday morning countering what they said is a “bear case” that has developed among at least some investors and observers of the company. “The bear case is that FIS is standing still and not able to compete. This is …

Read More »

Klarna Launches a New App That Brings BNPL Capability to Any Online Store

Two trends have buoyed the payments business since the onset of the pandemic—online shopping and buy now, pay later capability—and on Wednesday Klarna AB launched a new app that exploits both trends by letting consumers use Klarna’s BNPL service regardless of whether the store is a Klarna merchant. The new …

Read More »

Global Payments Ramps up While Reporting New Ties to PayPal And Growth in BNPL

The big processor Global Payments Inc. on Tuesday morning reported a busy third quarter that included an expansion of its relationship with PayPal Holdings Inc., ventures in the hot buy now, pay later market, recovery from the pandemic’s impact, and growth in the company’s issuer business stemming from its link …

Read More »

Open Banking Is Due for Explosive Growth, Posing a Threat to Cards, a New Report Says

The rising prominence of open banking, particularly in Europe and the United States, poses a “growing threat to the dominance of cards within e-commerce,” says a report released early Monday by the United Kingdom-based firm Juniper Research. The report comes against a backdrop in which e-commerce transactions are growing fast …

Read More »

AmEx’s New Debit Card Is Part of a Big Thrust Commercial Banks Should ‘Watch Closely’

With its launch on Thursday of a digital checking account for business and an associated debit card, American Express Co. could be poised to shake up the payments business in ways not seen before, observers say. “This announcement represents the greatest threat to financial institutions who are competing for the …

Read More »

Mastercard Eyes Deeper Involvement in A2A Transfers And Crypto As It Reports a Strong Third Quarter

Mastercard reported a strong third quarter on Thursday as it builds out the foundations for a near-term future in which it sees itself playing a central role in new transaction flows involving account-to-account (A2A) transfers and digital-currency payments. Mastercard has been laying the groundwork for A2A business for at least …

Read More »

[UPDATE] POS Device Maker Pax Draws Scrutiny Following Allegations of ‘Strange Network Activity’

[UPDATED TO REFLECT A STATEMENT FROM PAX] A report released on Tuesday detailing a raid by federal investigators at a Florida warehouse linked to Pax Technology Inc. has stunned the payments industry and left some observers concerned about the big point-of-sale device maker’s reported reaction to allegations its technology was …

Read More »

BNPL Offers Big Potential for Market Share But Also Flashes Caution Signs for the Unwary, a Panel Says

The rapidly unfolding buy now, pay later business holds huge potential for point-of-sale lenders but flashes caution signs for players that jump in without doing their homework, a panel of experts said Tuesday at the Money 20/20 exposition in Las Vegas. The BNPL product, which generally allows shoppers to pay …

Read More »

Microsoft Signs up With FIS’s Worldpay for Online Processing Beyond Latin America

Microsoft Corp. will significantly expand its processing arrangement with the big Worldpay unit of FIS Inc. to include the Americas, Europe, and Asia-Pacific under a new agreement announced Tuesday. The agreement will support credit and debit card transactions Microsoft receives on online properties, including Xbox, Microsoft Advertising, and Microsoft Azure, …

Read More »

A New Report Shows Just How Many Consumers Have Adopted Digital Payments Since Covid

It has been known anecdotally over the past year that the impact of the Covid-19 pandemic has shifted consumers to digital payments. On Monday, survey results emerged to show just how extensive that shift has been. Roughly one-third of consumers who now use such services as digital wallets, peer-to-peer payments, …

Read More »
Digital Transactions