News

June, 2020

• 1 June

  Shift4 Looks to Raise Up to $315 Million Through Its IPO

  

  Shift4 Payments Inc.’s pending initial public offering took a step forward Monday when the merchant processor filed an amended prospectus stating it plans to sell 15 million shares of common stock at a range of $19 to $21 per share. At the maximum price, the sale would yield $315 million …
• 1 June

  ACH Sender Receives Certification and other Digital Transactions News briefs from 6/1/20

  

  Nacha, the automated clearing house rule maker, awarded its Nacha Certified status to Secure Payment Systems. Nacha Certified is a voluntary program for third-party senders.ACI Worldwide Inc. said Conductor, a Brazil-based processor, is entering the Latin American acquiring business using ACI’s UP Retail Payments and UP Payments Risk Management software products.Tokyo-based …

May, 2020

• 29 May

  A Majority of Online Transactions Are Now Made With Mobile Devices, comScore Finds

  

  Mobile devices have captured more than 50% of online purchase transactions in many large countries, according to new research findings from comScore Inc. Mobile wallets, however, still account for only a minority of total mobile purchases. Reston, Va.-based comScore, which researches Internet usage, says mobile’s share of online transactions rose …
• 29 May

  Green Dot Links With Welcome Technologies to Bring Banking Services to Hispanic Immigrants

  

  Green Dot Corp.’s new chief executive, Dan Henry, made no bones earlier this month about the strategic importance of the company’s bank, and now a new banking-as-a-service program from the Pasadena, Calif.-based company shows how that asset can be deployed to win the loyalty of one of America’s largest immigrant …
• 29 May

  Vesta Notes $125 Million Investment and other Digital Transactions News briefs from 5/29/20

  

  Vesta, a vendor of fraud-fighting technology, said it has received a $125 million growth-capital investment from Goldfinch Partners.Fiserv Inc. said True Sky Credit Union will move to its platform for core account processing, including access to the Zelle peer-to-peer payments network.Mastercard Inc. launched Recovery Insights, a set of data and tools aimed at …
• 28 May

  Merchants Turning to Small Business Credit Cards to Improve Cash Flow

  

  ISOs tap into card issuing revenue One of the biggest challenges for small businesses is the availability of credit according to a recent study* by the Federal Reserve. Many merchants address this by taking out short-term business loans or using personal credit cards to bridge the gap. While credit cards …
• 28 May

  The U.S. EMV Chip Card Count Surpasses 1 Billion

  

  Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up …
• 28 May

  A New Study Shows How Acquirers Can Help Merchants Recover From Covid-19’s Heavy Toll

  

  Fully 25% of U.S. merchants that accept payment cards experienced a drop of 56% or more in card volume in April compared with February, finds a new study from The Strawhecker Group. After analyzing billions of transactions from more than 1 million card-accepting merchants across the United States, the Omaha, …
• 28 May

  Visa Names Chief Strategy Officer and other Digital Transactions News briefs from 5/28/20

  

  Visa Inc. appointed Chris Newkirk as chief strategy officer, a newly created position in which he will lead strategic planning for Visa overall and work with Visa’s regional teams. Newkirk, who will report to chairman and CEO Al Kelly, comes to Visa from Capital One Financial Corp., where he held a …
• 27 May

  2020 Sanctions Compliance Report

  

  Today’s technology empowers organizations to engage a global pool of customers. But this digital reach is often accompanied by increased scrutiny to ensure your organization remains compliant with the latest sanctions regulations. As regulators prioritize sanctions compliance, those who negate this responsibility are unnecessarily setting themselves on a potential collision …