Saturday , September 21, 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.

After a Decade of Experience, Banks Get More Comfortable With Mobile-Capture Risk

Ten years after remote deposit capture became a commercial proposition, banks that offer the service are progressively allowing customers to deposit larger and larger sums. Indeed, as of this month, slightly more than half are applying per-item limits somewhere between $2,001 and $5,000, compared to 49% a year ago and …

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While It Merges With FIS, Worldpay Looks to Expansion in Australia And New Zealand

Worldpay Inc. may be embroiled in combining its business with that of Fidelity National Information Services Inc., but that isn’t stopping the huge processor from seeking international expansion. Cincinnati-based Worldpay said on Wednesday it will open two new offices in Australia and has obtained a license to acquire card payments …

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A Long Apple-Goldman Sachs Effort Yields a Potent New Card, But Questions Linger

Apple Inc. has been working on a payment card product with Goldman Sachs Group Inc. for at least a year, and on Monday the computer company that did much to put mobile payments on the map announced the results of that collaboration. Cobranded with Goldman and running on the Mastercard …

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In an Active Week for Worldpay, the Big Processor Says It Will Be Amazon Pay’s First Acquirer

As if the announcement of its pending merger with Fidelity National Information Services Inc. wasn’t enough news for one week, Worldpay Inc. on Wednesday said it will acquire Amazon Pay transactions for online merchants. The news means Cincinnati-based Worldpay has become the first merchant acquirer to work with the retailing …

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The Cboe’s Move to Stop Bitcoin Futures Trading May Not Be All That Hard a Hit

The decision by Cboe Global Markets Inc. to shut down its Bitcoin futures market, news of which emerged late last week, may have been seen as yet another blow to the digital currency’s bid for mainstream respectability. But in some respects Bitcoin may not be any worse off for the …

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Weeks After Fiserv’s Bid for First Data, FIS Puts up $43 Billion to Snap up Worldpay

The other shoe has dropped. Fidelity National Information Services Inc.’s $43-billion cash-and-stock deal to acquire Worldpay Inc., announced early Monday, will create a processing behemoth that will compete globally across a sweeping range of payments businesses, including merchant acquiring, e-commerce, faster payments, and core processing. And though the bosses of …

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Can Square Succeed Where Walmart Fell Short? Bankers Are Set on Ensuring It Doesn’t

While the nation’s banking industry may not welcome the development, experts say Square Inc.’s recent efforts to establish an industrial loan corporation, a form of bank, could well succeed where others have failed. “Fighting the ILC designation is a good way for the banks to slow a dangerous competitor, but …

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PayPal Extends Faster-Funds Availability With Instant Transfers to Users’ Bank Accounts

As money movement gets faster, consumer expectations are increasingly pushing payments providers to make funds available sooner. PayPal Holdings Inc. on Tuesday bowed to that reality with the latest in a series of faster-payment services. The new service, called Instant Transfer to bank, relies on connections to real-time payments pioneer …

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An Analyst Argues Historic Patterns Could Augur a Soaring Price for Bitcoin

Could the price of Bitcoin be headed back up into the stratosphere? One noted analyst is saying it’s a distinct possibility. Based on what he sees as recurring patterns in the cryptocurrency’s pricing history, Michael Graham says Bitcoin could be starting its upward climb now toward the neighborhood of $20,000, …

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Eye on Contactless: CPI Card Group Sees ‘Gradual’ Growth for Dual-Interface EMV; A Cashless Forecast

Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed Wednesday morning as CPI Card Group Inc., one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” …

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