Saturday , December 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.

Walmart in Canada Will Introduce Debit on Apple Pay And Google Pay Via Interac

Walmart Inc. will start next spring allowing customers in Canada to pay with debit in-app and in-browser using wallets like Apple Pay and Google Pay, the Canadian national payments network Interac announced Tuesday. Interac positions the new service as enabling so-called proprietary wallets, which it confirmed includes the apps from …

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Its SPAC Merger Behind It, Paya Reports Growth ‘Momentum’ From ACH

Paya Holdings Inc. is known for its base in integrated payments and for its processing concentration in card-not-present transactions. But what also became clear early Monday is its growing strength in bringing capability for automated clearing house payments to its roster of clients. “We have good momentum there,” said chief …

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Cash App Delivers for Square in a Tough Year for Merchant Processing

In a year in which a fearsomely spreading virus has shut down many businesses and wrecked some, merchant-services provider Square Inc. has had to lean more heavily than ever on the other part of its business—the 7-year-old peer-to-peer payment service Cash App. And in the quarter ended Sept. 30, Cash …

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Its Deal for 3dcart Catapults an Ambitious Shift4 Into E-Commerce Processing

Shift4 Payments Inc. on Thursday jumped into e-commerce payments processing with both feet with its acquisition of 3dcart, a 23-year-old web-store platform with some 14,000 clients globally. Terms were not announced. The deal diversifies Allentown, Pa.-based Shift4’s product mix but also buttresses its long-term strategy aimed at moving merchants from …

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Small Sellers See Higher Tickets And Fewer Transactions, But Is Covid’s Surge the Culprit?

October ended on a whimper for small-business payment volumes, but whether that’s because of a new surge in Covid-19 or due to seasonality is hard to tell, experts say. CardFlight Inc., which supplies point-of-sale technology for small businesses and has been tracking their sales since the Covid-19 pandemic set in …

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PayPal Enjoys a Robust Quarter As It Outlines a ‘Fundamental Overhaul’ of Its Apps

PayPal Holdings Inc.’s top executives late Monday laid out what chief executive Dan Schulman called “a fundamental overhaul” of the company’s PayPal and Venmo apps that will include a new cryptocurrency feature as well as bill payment and QR code capability on top of near-field communication technology and PayPal’s Pay …

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With Real-Time Networks on the Way, Processors Prepare to Give Businesses a Piece of the Action

As consumers adopt real-time payments in the coming years, payments providers are expecting businesses large and small to follow suit. News released Monday indicates preparations are already under way. Canadian processor Everlink Payments Services Inc. and Fintainium Inc., a Jacksonville, Fla.-based developer of cloud-based technologies for financial institutions, have agreed …

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Visa Looks for Brighter Skies in 2021 As It Emerges From a Year Darkened by Covid’s Impact

Visa Inc. may be bidding good riddance to a Covid-haunted fiscal 2020, but the giant payments network made it plain Wednesday afternoon it is looking forward to a very different fiscal 2021. “The pandemic is still with us,” noted Vasant Prabhu, the company’s chief financial officer, but “fiscal year 2021 …

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Mastercard’s Top Brass Points to Signs of a Recovery But Warns of Recent Restrictions

As were all payments networks, Mastercard Inc. was hammered by the novel coronavirus pandemic, but its leaders Wednesday morning pointed to a tentative recovery. “Overall, we see signs of improvement, but we’re not out of the woods yet,” noted Ajay Banga, Mastercard’s outgoing chief executive, during a conference call with …

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Buoyed by Merchant Acceptance, Fiserv Comes Close to Returning to Pre-Covid Levels

Led by its merchant-acquiring unit, Fiserv Inc. in the quarter ended Sept. 30 continued its rebound from the wallop it took from Covid-19. The Brookfield, Wis.-based company reported total revenue, adjusted for its First Data Corp. acquisition in July 2019, of $3.59 billion for the quarter, down a slight 1% …

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