News

March, 2020

• 3 March

  With Visa Issuing a Revenue Warning, the Coronavirus Takes a Further Toll on Payments Companies

  

  With some of its payments cohorts already having warned the coronavirus would hurt their businesses, it was no surprise Visa Inc. joined the crowd Monday in forecasting reduced cardholder spending would translate into lower revenues. More signs of growing concern about the impact of the virus, officially named Covid-19, on …
• 3 March

  Eye on Acquisitions: Fiserv Acquires ISO MerchantPro Express; RevSpring Adds Loyale Healthcare

  

  After a more than 10-year relationship with MerchantPro Express LLC, processor and banking-services provider Fiserv Inc. is bringing the Melville, N.Y.-based firm in house with an acquisition of the independent sales organization. Announced Tuesday, the deal sees the long-time partner—likely with First Data Corp., which Fiserv bought last year—acquired as a …
• 3 March

  Shazam To Offer TCH’s Real Time Payments and other Digital Transactions News briefs from 3/3/20

  

  Debit network Shazam Inc. said it will offer The Clearing House Payments Co. LLC’s Real Time Payments service to its member financial institutions.POS Supply Solutions said it acquired Paper-Net, a point-of-sale consumables supplier, earlier this year. Terms were not disclosed. Paper-Net will take on the POS Supply Solutions branding.Professional Data Solutions Inc. (PDI), …
• 2 March

  The Faster Payments Council Seeks a New Executive Director As Kim Ford Steps Down

  

  Kimberly Ford will step down as executive director of the U.S. Faster Payments Council effective May 6 after just 11 months on the job, according to sources. Ford’s resignation was confirmed by an email to members sent Friday and obtained by Digital Transactions News. Applications for the position are being …
• 2 March

  USAT Names CEO and other Digital Transactions News briefs from 3/2/20

  

  Donald W. Layden Jr. has been appointed chief executive of USA Technologies Inc., a specialist in unattended payments. Layden, who has been serving as interim CEO since October, will continue to serve on the company’s board but will step down as executive chairman. Among other moves at the board and executive …
• 2 March

  COMMENTARY: Worldline And Ingenico: The What, the Why, And What’s Next? Part II

  

  The combination of the French payments colossi Worldline S.A. and Ingenico Group S.A. spans multiple adjacent, but historically distinct, markets across the payments value chain. Issuer processing has been an oligopoly of ponderous, industrial-strength scale players such as Worldline, FIS, Fiserv/First Data, Total Systems, SIA/SSB, Nets, and Evry/Tieto. The traditional …

February, 2020

• 28 February

  COMMENTARY: Worldline And Ingenico: The What, the Why, And What’s Next? Part I

  

  Worldline S.A.’s $8.6 billion bid to buy Ingenico Group S.A. would create a Gallic champion to take on America’s processing titans—Fidelity National Information Services Inc. (FIS), Fiserv Inc., and Global Payments Inc.—all of which have significant European businesses, though none has made headway in the Continent’s second-largest payment market, France.  …
• 28 February

  Fraud Schemes Get ‘Scary’ as Chip Cards Push Crime Away From the Point of Sale

  

  Payment-related fraud continues to diversify as EMV chip cards make counterfeit fraud at the point of sale far harder to commit. For example, the FBI last September said cumulative global losses, as reported to the bureau, from business email compromises and other email fraud totaled $26.2 billion from June 2016 to …
• 28 February

  USAePay Adds Shopaccino Integration and other Digital Transactions News briefs from 2/28/20

  

  Payment gateway USAePay announced it now offers the Shopaccino eCommerce product and an integration with the USAePay gateway to merchants via its resellers.Craver Solutions Inc., which provides a branded mobile app to restaurants, said it is now integrated with the Clover point-of-sale platform from Fiserv Inc.Sphere, a service of payments-software provider TrustCommerce, said …
• 27 February

  Visa Says Fuel-Pump EMV Upgrades Are ‘Doing Pretty Well,’ But Others Are Skeptical

  

  With just over seven months to go before a crucial liability shift, just how well is the conversion of U.S. gasoline pumps to accept EMV chip cards going? It depends on whom you ask. Visa Inc. says it’s progressing nicely. “I think we’re actually doing pretty well,” Julie Scharff, Visa’s …