• Dissident shareholder Harvest Capital Strategies LLC, owner of 7.8% of prepaid card provider Green Dot Corp., nominated three director candidates for election at Green Dot’s upcoming annual shareholder meeting. Green Dot issued a statement saying it had recently offered Harvest Capital the opportunity to appoint one director immediately and …
Read More »Coinstar and Redbox Parent Firm Outerwall Looking at Strategic Alternatives
Its original Coinstar coin-counting business long overshadowed by its once-booming but now fading Redbox DVD and video-game rental business, Outerwall Inc. on Monday announced that it had hired investment banker Morgan Stanley & Co. “to explore strategic and financial alternatives” for Outerwall shareholders. The company simultaneously announced that would double …
Read More »Jet Capital Picks Integrity Payment Systems and other Digital Transactions News briefs
• Merchant processor Heartland Payment Systems Inc. announced an integration of its Portico Gateway with Computop Paygate in an arrangement that will give Heartland merchants access to international payments. Heartland is set to be acquired this spring by Global Payments Inc. in a $4.3 billion cash-and-stock deal announced in December. …
Read More »Visa Checkout Button Updated and other Digital Transactions News briefs
• Visa Inc. unveiled a new interactive button for its Visa Checkout online and mobile commerce service that allows shoppers to complete an online purchase by sliding a virtual image of their credit, debit or prepaid card across the screen of a smart phone, tablet, or laptop. • Visa will have its …
Read More »VeriFone’s U.S. EMV Focus Shifts From Large Retailers to Other Merchant Sectors
Multilane retailers provided much of the revenue lift that payment-acceptance hardware and software provider VeriFone Systems Inc. has enjoyed for the past couple of years as the U.S. prepped for the Oct. 1, 2015, EMV liability shift, but many of the big retailers have now completed their EMV purchases. Yet …
Read More »Pamela Joseph Named TSYS President and other Digital Transactions News briefs
• The nation’s movement toward faster payments took a step forward with Early Warning LLC’s announcement that it is now processing real-time peer-to-peer payments for Bank of America Corp. and U.S. Bancorp. Customers of these banks can send payments via mobile or online banking apps to other customers of either …
Read More »The Fed’s Payment System Improvement Task Forces Give a Progress Report
Some two-and-a-half years after it started, the Federal Reserve’s project to make U.S. payments faster and more secure is laying the groundwork for private industry to come up with something better than the mishmash that U.S. payments are today, but tangible results still could be years away. Fed officials and others …
Read More »In Its First Earnings Report, Square Says Product Breadth Will Aid its Financial Fortunes
Processor Square Inc. expects its strategy of providing what it calls a “cohesive” set of services to merchants will aid its efforts to reach profitability, the company reported Wednesday in its first-ever earnings result since becoming a publicly-traded company. It reported earnings for the fourth quarter and all of 2015. …
Read More »Jack Henry Supports New TCH Network and Other Digital Transactions News Briefs
• Processor Jack Henry & Associates Inc. said its JHA Payment Solutions unit will hook into the The Clearing House Payment Co.’s pending real-time payment system, which could bring 6,300 banks and credit unions served by Jack Henry into the new network. • Digital Check Corp. launched two products this …
Read More »Eye on Security: Fighting Online Fraud With Emerging Twists on Device Authentication
There’s nothing new about identifying e-commerce customers through the device they use, but now the proliferation of mobile devices has data scientists hatching new ways to thwart fraudsters. One way authenticates users through not-so-obvious links between the many devices they may rely on day-to-day. The other takes a close look …
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