Friday , December 13, 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.

InComm Is Expanding in Canada With a Payments Deal With the Metro Grocery Chain

Prepaid payments specialist InComm Inc. announced a big step in the Canadian market this week with a deal to expand its services this summer to some 704 grocery stores in Ontario and Quebec using the Metro banner or affiliated brands owned by Metro Inc. InComm says it will offer Metro …

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The USDA’s Online EBT Program Gets a Covid Kick, According to New Fiserv Data

A program launched last year by the U.S. Department of Agriculture to let holders of electronic benefit transfer cards spend their benefits online has quickly expanded to 42 states and the District of Columbia, up from just seven states as recently as March, according to Fiserv Inc., which is working …

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E-Commerce And Other Payment Trends Were Catching Fire Even Before Covid, a Debit Study Shows

Key payment trends now being driven by the Covid-19 pandemic were already gaining a full head of steam much earlier, according to debit card transaction data released early Monday by the Houston-based Pulse electronic funds transfer network. Stay-at-home policies and business closings starting in March drove consumers to spend online and …

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FedNow Looks to Pilots Starting Next Year And Sticks to Its 2023 Or 2024 Launch Plan

While the Covid-19 pandemic has raised the issue of speeding stimulus payments and other relief to consumers and businesses, The Federal Reserve system is staying with its planned 2023 or 2024 launch date for its FedNow real-time payment service, officials said Thursday in an update that comes almost exactly one …

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As It Recovers From Covid-19 Shock, Shift4 Looks to Grow Its End-to-End Processing Business

The Covid-19 pandemic has taken a fearful toll on payments processing, and on Thursday, in its first earnings call as a publicly held company, Shift4 Payments Inc. proved it’s no exception. Stay-at-home orders and business shutdowns, with tentative reopenings, clipped the company’s full-service, lucrative end-to-end payment volume in the June quarter …

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Digital Services And Clover Help Fiserv Return to Growth in the Wake of a ‘Tumultuous’ Covid Impact

It’s been an eventful summer so far for Fiserv Inc., which was hammered by the recession caused by the Covid-19 pandemic but in July began to regain its footing, according to top executives who spoke Wednesday afternoon. Revenue for the Brookfield, Wis.-based payments processor dipped 1% in June but began …

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Green Dot Starts to Realize the Fruits of Its New CEO’s Insistence on Keeping Its Bank

Green Dot Corp. may be starting to show the fruits of new chief executive Dan Henry’s insistence on holding on tightly to the company’s bank and making it a linchpin of his strategy. The Provo, Utah-based institution, which Green Dot acquired in 2010, is key to three major card and …

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E-Commerce Helps Buoy FIS as Merchant Volumes Post Positive Growth Rates Again

FIS Inc. had only begun to digest the massive processor Worldpay, which it acquired in July last year, when the global Covid-19 virus broke out, leaving the company on Tuesday to report a challenging second quarter marked by a significant hit to its newly integrated merchant-processing business. Still, given the …

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Apple’s Mobeewave Deal Could Turn iPhones Into No-Dongle POS Devices—Just Not Right Away

Apple Inc. has reportedly acquired technology that enables smart phones equipped with near-field communication to act as point-of-sale devices with no other hardware. In the deal, news of which broke as the weekend began, the Cupertino, Calif.-based iPhone maker has bought Mobeewave Inc., a 9-year-old technology firm based in Montreal. …

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Digital Services Help Buoy MoneyGram As the Remittance Provider Logs a Tough Quarter

The Covid-19 pandemic has driven consumers and businesses to digital alternatives for payments, and money transfers are proving to be no exception. MoneyGram International Inc. reported Friday morning transactions online and through its app grew 106% year-over-year and accounted for 27% of all transactions in the June quarter, up from …

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Digital Transactions