Monday , November 25, 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.

Is Shift4 Seeking a Buyer? News Reports Say So, But the Company Stays Mum

Shift4 Payments Inc. went public in June 2020 after more than two decades as a privately held processor, but now its senior management may be looking for greater returns via an acquisition by an outside company. Both the processing giant Fiserv Inc. and a Spain-based reservations-processing company called Amadeus could …

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With Appetize and Finaro on Board, Shift4 Plots Expansion in the U.S. and Europe

Having closed on two key acquisitions, the big processor Shift4 Payments Inc. is looking to expand its business in Canada and Europe and build on its new beachhead in sports arenas, top management said early Tuesday. With its $100-million deal last fall to acquire Appetize Technologies Inc. from SpotOn Transact …

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Post Worldpay, FIS Looks to Share Buybacks And Growth in Digital Payments

Having completed on Feb. 1 a 55% spin-off of its massive Worldpay processing operation, FIS Inc. is now looking to concentrate on priorities including digital banking, real-time payments, and share buybacks, the company’s top executives said early Monday. Nor is the big Jacksonville, Fla.-based processor ignoring its potential gains from …

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Block’s Dorsey: Cash App Is Your New Bank, And Square May Enlist ISOs

Block Inc. posted double-digit increases in net income for its December quarter and for 2023, but its co-founder and chief executive let it be known late Thursday the company has work to do. “Across the board, we’ve been going through an exercise in how we work so we can move …

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For Cap One, the Pulse Network Is the ‘Rare Asset’ in Its $35.3 Billion Deal for Discover

(Editor’s Note: This story follows up on news late Monday concerning a planned acquisition of Discover Financial Services by Capital One Financial Corp.) On the Tuesday morning after news broke that credit card giant Capital One Corp. intends to shell out $35.3 billion in an all-stock deal to acquire Discover …

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The EU’s Fine Against Apple in Its Spotify Case Echoes a Familiar Story

The European Commission is planning to announce a fine of about 539 million euros ($500 million) on Apple Inc. next month after investigating a complaint from Sweden-based music app maker Spotify Technology SA regarding Apple’s policy of restricting apps from linking out to their own sites for services such as …

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Toast Reports a Robust 2023 And Fourth Quarter As Dining Maintains Its Rebound

Shares in restaurant point-of-sale specialist Toast Inc. were trading modestly up early Friday following the company’s release late Thursday of December-quarter and full-year results indicating double-digit increases in client locations and payments volume and offering further evidence of the hospitality industry’s recovery from the 2020 pandemic. The results came as …

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Global’s ‘Profac’ Model Starts Paying Dividends for Its Acquiring Business

A new tactic Global Payments Inc. began pursuing last year is delivering continuing benefits for the company as its merchant-solutions unit saw year-over-year point-of-sale volume growth of around 20% in the fourth quarter, top management at the big Atlanta-based processor said early Wednesday. Much of the credit for the growth …

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At a Double-Digit Growth Rate, BNPL Isn’t Cooling off

The buy now, pay later trend emerged in the U.S. market in a big way in 2020 in the wake of the pandemic as a means to let strapped consumers make point-of-sale and online transactions with partial payments, while financing the balance over a short term. Since then, the U.S. …

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PayPal’s New CEO Begins Acting on His Promise to Shake up the Payments Giant

When Alex Chriss came from Intuit last fall to take over as chief executive of PayPal Holdings Inc., he made it plain there would be big changes in strategy coming soon. On Wednesday, he began delivering on that promise, asserting the payments company is going to promote so-called branded checkout …

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