Wednesday , November 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.

Data Security And Privacy Matter Most to Online Shoppers Globally, Survey Shows

Shoppers around the world value privacy and security most when buying online, and are most likely to abandon a shopping cart simply because they’ve changed their mind about buying the product—not so much because of factors like long delivery times or non-acceptance of preferred payment methods. These are among the …

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Could Online Sports Betting And U.S. Football Prove a Toxic Mix for Payments Firms?

The imminent arrival of the NFL season, coupled with a U.S. Supreme Court decision last year that leaves legalized sports betting up to the states, could sack payments firms’ efforts to control fraud, observers warn. The professional football season kicks off Sept. 5 and is widely expected to draw strong …

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AnywhereCommerce Alleges Square Infringed Patents on Tech Linking Readers to Mobile Devices

(This story has been updated to include a statement from Square). Square Inc. is often seen as the exemplar of technology that lets small merchants process card transactions via a simple reader linked to a mobile device. But now a rival point-of-sale technology provider has sued Square alleging that the …

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Adyen Says It’s Ready to Take on the Majority of eBay’s Volume Next Year

PayPal Holdings Inc.’s shares dipped slightly late  Thursday after a key Adyen N.V. executive told stock analysts that the Amsterdam-based company is “ready” to process “the majority” of eBay Inc.’s volume when eBay shifts to Adyen next year. Adyen also reported it is proceeding with an application for a banking license …

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Contactless Gets Another Boost With Mass Transit’s Embrace of Tap-And-Pay in Miami

Is 2019 turning into the year of contactless payment for mass transit? Miami-Dade County announced Wednesday it has started accepting contactless cards and mobile wallets at gates at 23 commuter train stations, with plans to include bus fares later this summer. The move follows New York City’s adoption in May …

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Facebook’s WhatsApp Negotiates to Support E-Commerce Payments in Indonesia

Facebook Inc.’s WhatsApp peer-to-peer payments service is reportedly working to enter the second international market in which it would support a broader array of payments, including e-commerce. The company is in talks with digital-wallet providers in Indonesia to handle transactions through those services, according to a report Tuesday by Reuters. …

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Venmo’s Latest Instant-Transfer Gambit Leverages Faster Payments As It Digs for Revenue

With real-time payments in the headlines these days, it’s not surprising payments companies are jumping on the faster-payments bandwagon. But some, like PayPal Holdings Inc., are finding ways to use speedier funds to bolster revenue. PayPal on Monday announced its latest instant-transfer service, this one allowing Venmo users to move …

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Wall Street Punishes Green Dot As Growth Slows

Photo by Rick Tap on Unsplash

Green Dot Corp.’s shares plummeted Thursday morning after the company reported a slowdown in year-over-year revenue growth and a drop in active accounts that surprised some observers. The Pasadena, Calif.-based company, which specializes in prepaid products and banking services, reported adjusted second-quarter revenue of $265 million, up 5% year-over-year but …

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It’s Official: The Fed Is Jumping Into Real-Time Payments With FedNow

Ending months of speculation, the Federal Reserve confirmed Monday it will launch a real-time payments service by 2023 or 2024. The banking regulator, which also published Monday a notice in the Federal Register outlining its plan and requesting comment, will thus take what it says is its biggest move in …

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Will It Or Won’t It? The Fed May Announce Its Decision on Real-Time Payments Monday

The Federal Reserve is widely expected to announce Monday whether it will enter the business of real-time payments as an operator competing with existing private-sector players.  A so-called public option from the national banking regulator could please retailers and small financial institutions concerned about whether the nascent real-time payments market …

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