Thursday , November 14, 2024

Kevin Woodward

Kevin's role at Digital Transactions is to write news and features stories for publication on the Web site and in the magazine. He also oversees the digital editorial aspect of the site and the Digital Transactions News daily newsletter.

MoneyGram Reports Growth in Digital Channels Amid Mixed Results for 2015

Dallas-based MoneyGram International Inc. posted a mixed set of financial results for all of 2015 and for the fourth quarter as it looks to continued growth in its online business. The money-transfer specialist also said Thursday it has settled for $13 million a legal inquiry into its fraud-prevention measures. For …

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Fiserv’s Popmoney Will Let P2P Recipients Claim Their Cash At Accel ATMs

Fiserv Inc., a Brookfield, Wis.-based bank core processor, says its Popmoney peer-to-peer money-transfer service will get a tweak later this year to enable recipients to go directly to an ATM to retrieve funds. Currently, funds sent via Popmoney must be deposited into an eligible account. The new service, dubbed Popmoney …

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Consumer Appeal of Peer-to-Peer Payments Widens As P2P Services See Volume Climb

With PayPal Holdings Inc. promoting its fast-growing Venmo peer-to-peer payments service and rumors that Apple Inc. is eyeing the business, P2P transfers are starting to take center stage in the consumer-payments business. And now a new survey indicates the service is growing in appeal to consumers for a variety of …

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A New Visa Tool Enables Transaction Limits for Credit, Debit, And Prepaid Cards

Visa Inc. has launched Visa Consumer Transaction Controls, a service that lets Visa-card issuing institutions offer cardholders the ability to set transaction limits with their credit, debit, and prepaid cards. Visa says it works with more than 14,000 financial institutions, but does not provide a U.S.-specific total. Announced Tuesday, the …

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Universal Card Coin Faces a Lawsuit Over Alleged Misrepresentations

The prospect of ubiquitous merchant acceptance and the ability to carry just one card in lieu of several was too much of a promise, alleges a lawsuit filed last week against Coin Inc., a startup offering a universal card service. Filed on behalf of two consumers who each purchased a …

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Eye on Branding: Vantiv Renames Mercury and Element; PayPal Debuts ‘New Money’ Campaign

Vantiv Inc. and PayPal Holdings Inc. are, separately, creating new looks for their brands. Vantiv, which bought integrated-payments specialist Mercury Payment Systems LLC in 2014  for $1.65 billion, is renaming Mercury and Element Payment Services, an integrated-payments provider it purchased in 2013, as a single unit called Vantiv Integrated Payments. This …

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Eye on Fraud: EMV Spurs Fraud Increase, Says Javelin; Landry’s Reports a POS System Breach

A new report finds that fraud activity is surging, while Landry’s Inc. says it has uncovered malware on its point-of-sale system and removed it. Identify fraud is on the rise, finds the 2016 Identity Fraud Study released Tuesday by Javelin Strategy & Research. The Pleasanton, Calif.-based research firm found that …

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Look, Ma, No Card! How Cardless ATMs Could Help Push Mobile Wallet Adoption

The introduction of cardless ATMs, which rely on a financial institution’s mobile wallet instead of a debit card to make an ATM withdrawal, could help further the adoption of mobile wallets and mobile payments. That’s the assessment of Jerimy Saldivar at Peoples Bank, a Bellingham, Wash.-based financial institution with 24 …

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How Mobile Marketing Can Help Boost Mobile-Wallet Adoption And Usage

Just as there are two sides to every coin, there’s a second side to the mobile wallet beyond payments. It’s marketing. That’s one of the takeaways from a recent survey from Vibes, a Chicago-based mobile-marketing specialist. Though the survey of more than 1,000 smart-phone owners found that only 32% of …

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MasterCard Posts Growth for Fourth Quarter And 2015 U.S. Purchase Volume And Cards

MasterCard Inc. on Friday said purchase volume made with its U.S.-issued credit and debit cards grew by 8.7% in the fourth quarter and 7.7% for all of 2015, compared with the same periods a year ago. MasterCard also said the number of U.S.-issued credit and debit cards increased. In the …

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