ControlScan Inc., a major provider of PCI compliance and security services, has sold its business in two separate deals to Professional Datasolutions Inc. and Sysnet Global Solutions, respectively. PDI has purchased ControlScan’s Managed Security Services unit and Sysnet has acquired the company’s Managed Compliance Services Unit. Sysnet also acquired the …
Read More »Eye on E-Commerce: PSCU Registers Big E-Commerce Gains; Digital River Aids Manufacturers in D2C Sales
Card-not-present transactions continue to grow at financial institutions that use PSCU, a credit union service organization. In its weekly report released Monday, PSCU said CNP accounted for 55.5% of credit card purchase volume and 47.9% of transactions for the week ending Dec. 13. For debit, CNP represented 43.9% of purchase …
Read More »BitPay And Slide Mobile Look to Rewards to Spur Everyday Cryptocurrency Spending
Startup Slide Mobile is betting that consumer’s love of rewards, coupled with the growing momentum behind cryptocurrency as a contactless payment option during the Covid-19 pandemic, will entice more consumers to use its mobile-payments app. Slide announced this week it is partnering with BitPay Inc., an Atlanta-based processor that offers …
Read More »As Digital Payments Heat Up, Fiserv Agrees to Acquire Card-Control Technology Provider Ondot
Fiserv Inc. announced Wednesday an agreement to acquire, for an undisclosed sum, Ondot Systems Inc., whose technology includes so-called card controls, or tools that allow cardholders to switch usage on or off according to considerations of security or preferred usage. The deal is expected to close in the first quarter …
Read More »ATM Operator Cardtronics Will Go Private in a $2.3 Billion Deal With Hudson And Apollo
Less than a week after receiving a buyout offer, Houston-based ATM network operator Cardtronics Inc. has entered into a definitive agreement to be acquired by Hudson Executive Capital and Apollo Global Management for $35 per share. The purchase price is $4 per share more than the initial offer and represents a …
Read More »Will a U.K. Class Action Case Influence Interchange Policy in the United States?
A class of 46 million consumers in the United Kingdom cleared a major hurdle last week when the country’s Supreme Court ruled that a class-action suit brought against Mastercard Inc. for excessive interchange fees can proceed. But they still face a major challenge proving that consumers were materially harmed by …
Read More »Verizon Taps Fiserv’s Clover to Enable Contactless Payments For Its Business Customers
With merchant demand for contactless payments rising fast in the face of the Covid-19 pandemic, Verizon Communications Inc. announced Thursday its Verizon Business unit will begin offering Fiserv Inc.’s Clover Flex mobile point-of-sale device to its business customers. The deal gives Verizon clients access to Fiserv’s merchant services for online, mobile, …
Read More »Hudson Executive Capital And Apollo Global Management Bid to Take Cardtronics Private
Cardtronics plc, a leading non-bank ATM deployer, has been tendered an offer by Hudson Executive Capital and Apollo Global Management for its outstanding shares of stock at $31 per share in cash. Cardtronics, which operates more than 270,000 ATMs, has a less than 10% share of the global ATM business …
Read More »In a First, InComm Payments Enables Visa Gift Cards To Be Downloaded to Mobile Wallets
InComm Payments announced Tuesday that its Visa-branded Vanilla Gift Cards can now be downloaded to Apple Pay, Google Pay, and Samsung Pay mobile wallets, enabling the card to be used for contactless payments. It is the first open-loop Visa gift card to be supported on mobile wallets, InComm says. In …
Read More »How P97 Networks Plans to Fuel its Global Expansion Using Cybersource Gateway Connections
Less than a week after announcing its partnership with Cybersource, Houston-based P97 Networks Inc.’s plans to expand its PetroZone platform globally are coming into sharper focus. P97 intends to leverage Cybersource’s gateway connections to more than 140 acquiring banks globally to expand its reach to petroleum retailers. The company will …
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