Featured

June, 2019

• 19 June

  Commercial Bank of California’s Big ISO Ambitions

  

  Commercial Bank of California’s announcement Tuesday that Group ISO Inc. joined its wholesale independent sales organization program signals greater ambitions for the Irvine, Calif.-based bank. Group ISO will use CBC’s BIN sponsorship, a term for bank identification numbers, which is required for acquirers to send and receive transactions from card …

May, 2019

• 31 May

  Payments Companies Are Getting Pricier, Researcher Says

  

  Note to payments-company owners: now just might be the right time to sell. Buyers in 2019 have paid more for firms in the payment-tech space since at least 2010, according to a new analysis by 451 Research of more than 1,100 deals over nearly a decade. The median price to …
• 21 May

  Hedge Fund Takes 12% Stake in “Undervalued” USA Technologies

  The beaten-down shares of vending-machine payments provider USA Technologies Inc. jumped nearly 15% Tuesday on news that a hedge fund had taken a 12% stake in the company. In a regulatory filing, New York City-based Hudson Executive Capital LP said it believes USAT’s “shares are undervalued and are an attractive …
• 17 May

  TCH Says Avidia Bank Is Just the First Smaller Bank Lining up For Real-Time Payments

  

  The real-time payments network built by The Clearing House Payments Co. LLC is often viewed as a creature of the big banks, including the ones that own and control TCH, but on Friday it became clear that some of the nation’s smallest financial institutions are ready to sign up for …
• 15 May

  AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

  

  Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …
• 6 May

  As Estep Opts for Retirement, Larimer Will Take Over As NACHA CEO in July

  Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

April, 2019

• 10 April

  Amazon Go Stores To Accept Cash, Eventually

  

  Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …

March, 2019

• 28 March

  ISO Buyers Looking for Balanced, Low-Attrition Portfolios, Finance Exec Says

  

  The economy is still humming along, but that doesn’t mean independent sales organization owners and executives are having an easy time finding capital when they need or want it. “The credit markets are tight for the payments-industry space,” Jon Engleking, chief operating officer at Super G Capital LLC, said this …
• 27 March

  Cash Discounts And Surcharging Remain the Hot Topic for ISOs

  

  They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, …
• 15 March

  First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

  

  First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …