Digital Transactions Authoritative, insightful and timely information for payments professionals
The recently completed acquisition of Total System Services Inc. (TSYS) by Global Payments Inc. is “the best of the bunch” among the three megamergers in the payment-processing industry this year, investment research firm Morningstar Inc. says in a new report. The Global-TSYS deal “has the most capacity to reduce costs …
September, 2019
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27 September
COMMENTARY: Here’s Why the Fed Should Stay Out of Real-Time Payments (Part I)
The Fed has amassed enormous—in practice, unaccountable—power, and taken roles natural to government and to the private sector. It’s the central bank, paramount financial-system regulator, and a payments operator. It shouldn’t, however, undertake activities better and naturally performed in the private sphere. The latest example: On its own prerogative, the …
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26 September
How Fiserv’s First Data Deal Cemented Its Long-Term Payments Strategy
Fiserv Inc.’s acquisition of First Data Corp. this year was the first of a trio of big mergers that has made 2019 the year of the megadeals in payments. On Thursday, a key Fiserv executive close to the action explained how the $22-billion acquisition served as the capstone to a …
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26 September
Eye on Crypto: Libra a ‘Wake-up Call;’ Crypto.com Debuts E-Commerce Plugin
Policymakers have much work ahead when reviewing cryptocurrencies like the proposed Libra, a European regulator said Wednesday. In related news, a cryptocurrency payment plugin debuts for WordPress. The Libra cryptocurrency project led by Facebook Inc. has “undoubtedly been a wake-up call for central banks and policymakers,” said Benoit Coeure, a …
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26 September
AmEx Issues Contactless Guide and other Digital Transactions News briefs from 9/26/19
American Express Co. posted an online guide for consumers about contactless cards. Beginning in July of 2019, all newly issued AmEx consumer and small-business cards are contactless-enabled, and starting next month all newly issued corporate cards will be contactless-enabled.P97 Networks, a provider of mobile payments and rewards programs for petroleum retailers, …
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25 September
ATM Deployers’ Suit Against Visa and Mastercard Resumes With Class-Certification Request
One of the longest-running antitrust lawsuits in the payments industry is getting into gear again with a new request by independent ATM deployers for class certification in their action against Visa Inc. and Mastercard Inc. The National ATM Council Inc. (NAC) trade group and 13 ATM independent sales organizations originally …
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25 September
In This Mega Merger Landscape, Is Your ISO with a Processor or a Partner? What To Ask and Why It Matters
By: John Newton, Vice President of Sales, Strategic Partner Channel, First American Mega mergers have created enormous financial technology companies with scope and reach that far exceed the needs of a traditional ISO channel. As a result, ISOs are now just one of many drivers of new merchant acquisition and …
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25 September
As Fraud Attempts Increase, So Do the Costs of Mitigating Them
More types of retailers and e-commerce merchants are facing more fraud attempts as the number of attacks increased for every merchant type covered in the 2019 True Cost of Fraud report issued Tuesday by LexisNexis Risk Solutions. And with the growth comes an increase in the cost to counter the …
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25 September
Transcend: North American Bancard’s Premiere Payment Conference
We’ve all been to sales conferences before. Good ones, and not so good ones. When North American Bancard first started talking about hosting a Sales Partner conference, there were a number of elements that went into the planning and positioning the conference. NAB wanted to not just have another sales …
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25 September
Square Drops Longstanding 2.75% POS Pricing for a Percentage-Plus-Fee Plan
Merchant processor Square Inc. on Nov. 1 will drop its longstanding 2.75% point-of-sale rate for a new pricing plan of 2.6% plus 10 cents. Based on recent U.S. purchase dollar- and transaction-volume statistics from the bank card networks, Digital Transactions News calculates the new pricing plan will generate about 1% …
