Digital Transactions Authoritative, insightful and timely information for payments professionals
A new regional association for independent sales organizations will be unveiled later this month. Following on the heels of similar groups serving ISOs in the Northeast, Southeast, and Midwest regions, the new group will be called the Western United States Acquiring Association and will cover U.S. territory west of Colorado. …
September, 2003
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22 September
Investor Interest Boosting Industry Valuations
One of the electronic transactions industry’s most active buyers of independent sales organizations and other transaction-services firms says the steady flow of transaction revenue these businesses generate is attracting increasing interest from pension funds and private-equity players, thus driving up valuations. TransFirst, a Dallas-based processor that has grown from 2.5 …
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22 September
Vital’s New Market Push
Transaction processor Vital, a joint venture owned by Visa USA and TSYS, is pushing on multiple fronts into new markets. The Tempe, Ariz.-based company is gearing up to grab a chunk of the market for PIN-based debit, in part by demonstrating to merchants how the money they now save on …
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22 September
How the Wal-Mart Settlement Could Pay for PIN Pads
This spring’s settlement between the bank-owned card associations and retailers led by Wal-Mart Stores Inc. has been widely interpreted as a blow to the fortunes of so-called PIN-based debit, or debit card transactions effected by a consumer’s personal identification number rather than his signature. That’s because the settlement terms required …