Monday , January 20, 2025

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.

In a ‘Future That Arrived Early,’ Shopify Invests to Capitalize on Trends Accelerated by Covid

While many payments companies have had their hands full contending with the many impacts of the Covid-19 pandemic, payments firms with e-commerce platforms have thrived as consumers flocked to online buying. Shopify Inc. demonstrated Wednesday just how much it’s investing in shopping and payments apps to capitalize on the growth …

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PayPal Opens Its New Venmo Credit Card to Users Generally

PayPal Holdings Inc. on Tuesday threw the door wide open for applications for its new Venmo credit card. The Visa-branded card, which the company has had in the works since 2019 and began issuing to select users in October, includes a Quick Response code, a rewards structure, and, through the Venmo …

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Cryptocurrency Begins Its Move Up From the Minor Leagues for Mastercard And Visa

The two big card networks have made no bones about their interest in supporting cryptocurrency transactions, and this week both made big moves in that direction. The bigger move came from Mastercard Inc., which on Wednesday announced its intention to launch later this year the ability to send and receive …

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Despite a Tough Year, Digital Transfers Shone Brightly for Western Union

Hampered early on by Covid-19, The Western Union Co. late Wednesday said its growing digital-transfer business helped buoy its results for the fourth quarter and the full year. Overall, revenue from digital transfers, including activity on Westernunion.com, grew 36% in the fourth quarter year-over-year and accounted for just over one-fifth …

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Fiserv Looks to Units Like Clover And Carat to Help Bend Its Growth Trajectory Upward

Like many of its rivals, Fiserv Inc. is looking for ways to prosper as hope begins to rise for a recovery from the Covid-19 pandemic that has ravaged much of the world. Tuesday afternoon, the Brookfield, Wis.-based payments provider revealed a promising report card for its fourth-quarter performance, with high-flying …

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With Worldpay Firmly Onboard, FIS Sees Further M&A as ‘an Important Pillar’ in Its Strategy

Top management at FIS Inc. made it plain Tuesday morning that growth through further acquisitions is a key priority only about 18 months after the company completed its massive buyout of the merchant processor Worldpay. But while the Jacksonville, Fla.-based company still keeps its powder dry for M&A, executives on …

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With Google Cloud’s Technology, Global Payments Looks for a ‘Substantially’ Expanded Merchant Base

Global Payments Inc. will move its acquiring technology to Google Cloud and serve as a worldwide merchant acquirer for Google under a sweeping agreement announced Monday morning. The pact will also allow Global’s merchant clients to access a long list of Google Cloud services, ranging from payments to data and …

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Eye on Earnings: USA Technologies And Fleetcor Look for a Near-Term Rebound

With the coronavirus pandemic having reduced traffic to vending machines and other unattended retail devices, USA Technologies Inc. on Thursday reported quarterly results that included drops in both machine connections and revenue. But chief executive Sean Feeney sought to reassure investors that better days will arrive soon.  “While the rebound …

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PayPal Registered a Record Year in 2020 And Looks for an Even Bigger 2021

Buoyed by an explosion of e-commerce activity following the onset of Covid-19, PayPal Holdings Inc. last year enjoyed what turned out to be a record year for growth. Now, it looks to roll out a flurry of new services. “We released more products and services in 2020 than in any …

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Payoneer Agrees to a SPAC Merger That Will Take the Company Public

Global e-commerce payments provider Payoneer Inc. announced Wednesday morning it will go public via a merger with a blank-check company, confirming reports about a deal that first emerged last month. In the merger, which values Payoneer at $3.3 billion, the 15-year-old, New York City-based firm becomes the eighth payments-related company …

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Digital Transactions