Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart As the holidays approach, retailers and banks can expect to sell more electronic gift cards than ever, if research released Monday by Bankrate.com is any indication. The survey, which covers 60 general-purpose and proprietary gift cards, shows two-thirds are available as e-cards, up from 59% last year. …
Read More »Square Looks To Raise Up to $333 Million as IPO Gets Closer
Square Inc. on Friday set a price range for its planned initial public offering of stock in which the high end could generate about $333 million for the merchant processor. Square filed an amended registration statement with the Securities and Exchange Commission stating that it plans to sell 25.65 million …
Read More »Green Dot Continues Clawing Back From Its MoneyPak Closure
Prepaid card issuer and services provider Green Dot Corp. on Thursday said it is over the hump of business lost when it closed its popular MoneyPak reload product early this year. MoneyPak was a long-established product that Pasadena, Calif.-based Green Dot sold in stores to enable the reloading of prepaid …
Read More »Visa And MasterCard Remain Top Dogs in Global Acceptance, But China Is Rising Fast
Just as Visa Inc. prepares to swallow up the 38-country Visa Europe system, at least one market researcher has released a report expressing some doubt about how long Visa and its bank card rival, MasterCard Inc., will be able to maintain their share of card-accepting merchants around the world. On …
Read More »The Bank Card Networks Dole Out Billions in Incentives To Build Traffic
Visa Inc. and MasterCard Inc. are shelling out ever more dollars to buy issuer loyalty and induce merchants to route transactions onto their networks. A Digital Transactions News analysis shows the two leading payment card networks are on track to spend approximately $6.75 billon on so-called rebates and incentives in …
Read More »For Visa, Electronic Payments Produce a River of Cash
Visa Inc. may be in the business of credit and debit cards, mobile wallets, tokenization, EMV chips and virtually anything involving electronic payments, but its latest financials tell the real story—it’s all about cash. On a day dominated by news of its pending $23 billion takeover of Visa Europe, Visa …
Read More »How MCX’s Deals with Chase Pay And BIM Networks Help Fill a Tender Gap in CurrentC
With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks …
Read More »Why PayPal Plans to Extend Its Fast-Growing Venmo Service Into Merchant Payments
Up to now, PayPal Holdings Inc.’s Venmo payments service has been strictly a mobile person-to-person product appealing largely to twenty-somethings, but within a year users will be able to pay with Venmo at PayPal merchants if the parent company’s plan works out as expected. PayPal disclosed Wednesday in its quarterly …
Read More »Samsung Pay Adds Card Issuers and Brings Verizon on Board
Samsung Pay, the mobile-payments service from Samsung Electronics Co. Inc., has added 14 Visa-MasterCard payment card issuers. In addition, Verizon Wireless, the holdout mobile carrier that was absent from Samsung Pay’s launch a month ago, is now supporting the service, a Samsung executive said Wednesday. “We’re expanding our ecosystems,” Thomas …
Read More »Eye on Money 20/20: OmnyPay Launches and TMS Adds a POS Terminal
A new mobile-payments service that includes loyalty and rewards has launched with the goal of providing retailers with a single source of mobile engagement with their consumers. Dubbed OmnyPay, the service is just one of the many announcements made this week at the annual Money 20/20 conference in Las …
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