Featured

June, 2018

• 5 June

  Adyen Moves Toward Stock Offering, Sets Its Valuation at up to $8.3 Billion

  

  Dutch payment processor Adyen B.V., which has a major U.S. presence, took another step toward its planned stock sale Tuesday when it published an offering prospectus and estimated its market capitalization at between €6.5 billion and €7.1 billion ($7.6 billion to $8.3 billion). Fast-growing Adyen is one of the most-watched …

May, 2018

• 31 May

  Digitally-Oriented Millennials Put Their Mark on Loyalty Programs

  

  Young adults like loyalty programs even more than older consumers, and the so-called Millennial generation has its own preferences for types of loyalty programs and the form factors for connecting merchants and consumers, according to new research from Hawk Incentives. For example, as a group, respondents to a Hawk Incentives …
• 24 May

  Time’s Up: What Will Be the Impact of Europe’s GDPR on U.S. Payments Companies?

  

  Procrastination is no longer an option. Time to comply with the massive General Data Protection Regulation for businesses that collect data about European Union consumers has run out. And with the regulation going into effect Friday, many U.S. payments companies have found they, too, have had to change their data-collection …
• 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 …