Wednesday , September 18, 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.

Eye on Bitcoin: Get Set for the Latest ‘Halving;” Bitcoin Depot Welcomes Investors for its Kiosk Deployments

Bitcoin was designed to be a medium of exchange, like dollars, but it has become over time more like an investment, such as gold. Now, Bitcoin investors and consumers alike face an event that will significantly affect the value of their holdings, drive up Bitcoin’s price, and affect the digital …

Read More »

As Dining Heats up, Toast And Qu Aim at Increasingly Larger Restaurant Operators

Restaurants are roaring again, and now the companies that enable digital payments for them are setting their sites on the biggest chains. Two major players, Toast Inc. and Qu POS Inc., separately announced early Thursday initiatives aimed at bolstering their positions with regional and national restaurateurs. The moves come as …

Read More »

Eye on Fraud: Oracle Puts AI to Work Against Laundering, While the UK Works to Stop Misdirected Checks

Payments fraud takes many forms, forcing banks and processors to adopt fresh tactics. But sometimes the technology to prevent fraud can be expensive enough to wipe out any near-term expectation of return.  Early Monday, Oracle Corp. launched Oracle Financial Services Compliance Agent, a platform it says can leverage artificial intelligence …

Read More »

PayPal And Ripple Launch Stablecoin Initiatives As Crypto Values Rise And Plummet

The wild—and somewhat unpredictable—swings in value that beset digital currencies have begun to lead major payments players to consider a promising alternative: stablecoins, so named precisely because their values are pegged to a national currency, such as the U.S. dollar. Early on Thursday, PayPal Holdings Inc. and Ripple Labs Inc. …

Read More »

Wallets Aren’t Prepaid Cards, Says a Federal Judge in Opposing Fee Disclosure Rules From the CFPB

For the second time, PayPal Holdings Inc. has prevailed against the Consumer Financial Protection Bureau. This time, the case involved the Bureau’s effort to require PayPal to make disclosures regarding its fees associated with digital wallets. U.S. District Judge Richard Leon ruled Friday that wallets are not prepaid cards and …

Read More »

PayPal, Amazon, Apple, And Walmart Are Among the Big Winners in the Interchange Deal

The transaction-cost savings and tender steering provided for in the big interchange settlement reached earlier this week will be worth hundreds of millions of dollars annually for major merchants and the big mobile-wallet providers, according to estimates provided to Digital Transactions News by San Carlos, Calif.-based payments researcher Crone Consulting. …

Read More »

As Apple Opens up to Outside Payments, Big Tech Protests the Cost

Apple Inc. early Thursday said it has “fully complied” with a federal court ruling requiring the technology giant to permit app developers to process payments outside of Apple’s own system. The response came after five major technology companies on Wednesday filed a petition with the court protesting that Apple’s compliance …

Read More »

As McDonald’s Recovers From a Global Outage, It Looks to Prevention And Accountability

McDonald’s Corp. on Sunday showed signs it had largely recovered from a widespread system outage that began early Friday and shut down service, prevented card payments, and scrambled digital orders for hours at thousands of restaurants around the world. Now, the company is seeking the cause and promising to hold …

Read More »

How the CFPB’s Mobile Wallet Rule Is Raising More Questions Than Answers

The Consumer Financial Protection Bureau released its proposed rule on mobile wallets back in November, and comments on it closed Jan. 8, but that doesn’t mean the proposal isn’t still stirring up discussion as lawmakers, payments experts, and technology firms wrestle with its implications. The rule, which would define so-called …

Read More »

A New Mobile Wallet Is Set to Emerge for Electronic Games in Bars And Restaurants

With the proliferation of smart phones, mobile wallets have been specializing in recent years as businesses find ways to work them into their payments stream and consumers find the devices impossible to leave behind. Now, mobile payments are coming to the world of electronic games in bars and restaurants. TouchTunes …

Read More »
Digital Transactions