February 5, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
Australian financial regulators might intervene to stop banks from automatically routing contactless debit card payments to the Visa and Mastercard networks and instead give merchants the option of using the country’s EFTPOS network, Reuters reported.RevSpring Financial Services, a provider of collections-support services for health-care firms and other companies, debuted eVokePay, a payment …
Read More »
February 4, 2020
Acquiring, Competitive Strategies, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Six months after closing on its $22 billion acquisition of First Data Corp., Fiserv Inc. on Tuesday dropped some tantalizing hints about early benefits the deal has generated for the combined company. First Data’s Clover app-based platform for merchant checkouts, for example, saw its gross payment volume grow fully 40% …
Read More »
February 4, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Pricing, Transaction Processing
Visa Inc. reportedly is planning interchange rate changes that could raise merchants’ acceptance costs for card-not-present transactions but lower costs in some other categories, including purchases at big grocery-store chains. Citing a Visa document circulating among the network’s client banks, the Bloomberg news service reported Tuesday that interchange for a …
Read More »
February 4, 2020
Acquiring, Competitive Strategies, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Transaction Processing
One often overlooked market for mobile payments is sports betting, and now some payments providers are wagering that the segment is about to get hot with the ongoing rollout of 5G mobile-network connectivity. “We would urge sports-betting operators to be ready for the increased traffic on their platforms. It’s a …
Read More »
February 3, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Point-of-sale, Transaction Processing
The mega mergers aren’t over yet. In a global move with potentially major implications for the U.S. payments market, Ingenico Group S.A. said it has agreed to be acquired by Worldline S.A. for cash and stock consideration totaling approximately $8.6 billion. The transaction, expected to close in the third quarter, …
Read More »
February 3, 2020
Acquiring, ATMs, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Cornerstone Payment Systems announced the acquisition of Move Your Mountain, a crowd-funding platform. Terms were not disclosed.Digital cross-border payments provider Remitly Inc. launched Passbook by Remitly, a mobile app aimed at immigrants in the United States that features a no-fee account from Sunrise Banks N.A. and real-time transfers via Visa Inc.’s Visa Direct …
Read More »
January 31, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Checks, Fraud & Security, Law and Regulation, Marketing, Point-of-sale, Remote Deposit Capture, Transaction Processing
Small businesses using Square Inc. will be able to use turnkey UPS shipping services integrated into Square Online Store, the acquirer’s e-commerce platform, UPS announced. The Square-UPS deal includes special shipping rates that could be up to 55% off UPS daily rates.Amazon.com Inc. reported it now has more than 150 million Prime members …
Read More »
January 30, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Near-Field Communication (NFC), News, Person-to-Person Payments, Smart Cards, Transaction Processing
Improved online payments, tokenization, and contactless transactions all gained ground in 2019’s last three months for Visa Inc. as the network’s payment volume grew 8% year-over-year. Visa reported total U.S. payment volume of $1.06 trillion in its first quarter of fiscal 2020 ended Dec. 31, a 7.8% increase from $980 …
Read More »
January 30, 2020
Acquiring, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
How will 2019 be remembered for data breaches? Not well. The number of U.S. data breaches tracked by the Identity Theft Resource Center increased to 1,473, a 17% increase from 1,257 in 2018. Drilling into the payments sector, the increase was larger, according to a newly released report from the …
Read More »
January 30, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
The U.S. House of Representatives’ Task Force on Financial Technology held a hearing Thursday morning titled “Is Cash Still King? Reviewing the Rise of Mobile Payments.” Witnesses included representatives from PayPal, the U.S. Faster Payments Council, the Brookings Institute, Consumer Reports, and a New York City non-profit dedicated to financial …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
