Featured

May, 2018

• 23 May

  Kabbage’s Entry Into Payments May Be a Logical Next Step, But Also Likely a Costly One

  

  Online lender Kabbage Inc.’s ambition to enter payment processing by the end of the year, reported this week by Reuters, is a logical extension of their current platform, but one clouded by a host of uncertainties and rife with potential missteps, according to experts contacted by Digital Transactions News. Nine-year-old …
• 21 May

  Worldpay Shoots to Top U.S. Merchant Acquirer Spot As Integrated Software Model Takes Over

  

  What do you get when you add 4 and 11? In the case of Worldpay Inc., it’s 1. The merged version of the former Vantiv Inc. and Worldpay plc moved to the number-one position in The Strawhecker Group’s annual directory of U.S. merchant acquirers. Released Monday, the directory ranks industry …
• 10 May

  Wells Fargo’s Mobile App Moves Payments to Center Stage, Even Before the Log-in

  

  Ever since banks, merchants, and tech companies first introduced mobile services, they’ve looked for ways to entice more usage by streamlining the way consumers interact with little screens. Now Wells Fargo & Co. has decided to put frequently used payments services on the home screen of its mobile app, before …
• 9 May

  Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

  

  First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …
• 4 May

  The Same Old Problems Plague the ‘Pays’ As Adoption Levels Show ‘Signs of Slippage’

  

  Ever since Apple Pay emerged in 2014, experts have scratched their heads over the general failure of contactless mobile wallets to catch on faster with U.S. consumers. Now comes research indicating how wallet sponsors might turn things around by focusing on what consumers are most looking for in wallet services …
• 2 May

  Beyond P2P: As Rival Venmo Moves In-Store, Zelle Eyes a Big Move on Disbursements

  

  Since its official launch last June, Zelle has been all about carving out a healthy piece of the burgeoning person-to-person payments market for financial institutions. Now it’s promoting another service that leverages its network but could prove far more lucrative: disbursements. When companies, associations, or other organizations need to pay …
• 1 May

  Word-of-Mouth Recommendations Are Failing Mobile-Payments Services

  

  Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

April, 2018

• 27 April

  How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants

  

  Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
• 26 April

  EVO Payments Explores Going Public

  

  EVO Payments International says it plans to go public and has filed an S-1 registration statement with U.S. Securities and Exchange Commission. The Atlanta-based payments company announced the move late Wednesday. Though the registration statement does not reveal how much EVO expects to raise by going public, the company says …
• 25 April

  Cayan Lifts Merchant Revenues for TSYS; Helgeson Gets an ‘Expanded Role’

  

  Boosted by its $1.05 billion acquisition of the big independent sales organization and merchant processor Cayan LLC in January, payment processor Total System Services Inc. (TSYS) saw its merchant revenues rise nearly 22% in the first quarter. TSYS’s Merchant Solutions segment posted net revenues of $317.4 million, a 21.8% increase …