Fidelity National Information Services Inc. (FIS) reported $935 million in revenue in its merchant solutions segment in the first quarter of 2020, a 1,770% increase from $50 million a year ago. That’s a reflection of the integration of acquirer Worldpay, which FIS purchased last year. Sales were up in non-discretionary verticals, online …
Read More »AmEx Extends Fuel-Pump EMV Liability Shift Date and other Digital Transactions News briefs from 5/5/20
American Express Co. tells Digital Transactions News that it is postponing its EMV liability shift for automated fuel dispensers by six months, until April 16, 2021. The move comes four days after Visa Inc., citing the problems created by the Covid-19 pandemic, notified the fuel-retailing industry that it was postponing its October 2020 …
Read More »Star, Accel Raise PINless Limits and other Digital Transactions News briefs from 5/1/20
Processor Fiserv Inc. announced it is temporarily increasing the limit for PINless transaction approval on its Star and Accel debit networks from $50 to $100 effective Friday. Issuers are required to support the new cap, while it is optional for merchant acquirers and merchants.MoneyGram International Inc. reported digital transactions, which accounted for 18% of all …
Read More »Euronet Transfer Volume up 3% and other Digital Transactions News briefs from 4/29/20
Money-transfer specialist and ATM operator Euronet Worldwide Inc. reported 27.4 million money-transfer transactions in the first quarter of 2020, up 3% from 26.6 million a year ago. Euronet said its ATM count of 42,176 at the end of the quarter is up from 42,034 last year. The company just acquired Dolphin Debit, a …
Read More »Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition
It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …
Read More »Payroc Acquires Gateway Payments and other Digital Transactions News briefs from 4/23/20
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
Read More »Another Marriott Data Breach and other Digital Transactions News briefs from 4/1/20
In its second major data breach in two years, hotel giant Marriott International Inc. disclosed a “property system incident” affecting personal information on 5.2 million guests. Fraudsters apparently gained access to Marriott’s systems in mid-January using the login credentials of two employees at a franchised property. Marriott, which said it discovered the …
Read More »Visa Volume Down 7% and other Digital Transactions News briefs from 3/31/20
With the coronavirus pandemic freezing economic activity in the U.S. and many other countries, Visa Inc. reported in a regulatory filing that U.S. credit card payment volume was down 7% year-over-year for the March 1-28 period while debit payments were down 1%. Cross-border volume on a constant-dollar basis was off 19%. …
Read More »Diebold Nixdorf Withdraws Full-Year Financial Guidance and other Digital Transactions News briefs from 3/27/20
ATM and retail-checkout equipment manufacturer Diebold Nixdorf Inc. withdrew its full-year financial guidance, saying that in some locations it “is seeing instances of product installation disruptions from coronavirus-related logistics challenges, which impacts the company’s ability to forecast product revenue.” The company also postponed its planned May 21 Investor Day event.PAR Technology Corp., …
Read More »SMBs Expect Further Demand Drop and other Digital Transactions News briefs from 3/25/20
A national survey of 850 small businesses found 69% have seen a “large drop” in demand because of the coronavirus pandemic, while 60% say they believe demand will drop further. The survey was conducted by America’s Small Business Development Centers and Thryv Inc., a software vendor specializing in small businesses.The U.S. Faster Payments …
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