Digital Transactions Authoritative, insightful and timely information for payments professionals
First Data Corp. launched CloverAchievers, a grant program for small-business owners that offers recipients a cash grant, Clover point-of-sale equipment, and a charitable donation in their names. Bank of America Merchant Services said it and subscription-management specialist Recurly are working together on products for merchants. Fraud-prevention firm ACH Alert named …
May, 2019
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3 May
Mastercard Adds To Its Bill-Pay Heft With Transactis Acquisition
In its latest move to enhance its electronic bill-payment services, Mastercard Inc. announced Friday it has a deal to acquire bill-pay platform provider Transactis Inc. New York City-based Transactis provides technology that enables small businesses and organizations such as schools and property owners that mostly deal with paper bills and …
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3 May
Integrated Payments in the U.S. and Abroad Prove Fruitful for EVO Payments
The integrated-payments phenomenon is paying off for EVO Payments Inc. in the United States and internationally. While Atlanta-based EVO reported a decrease in first-quarter earnings, its strategy of courting integrated software vendors and companies that support their point-of-sale software continues to reap rewards, which EVO management says will benefit the …
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3 May
Denver Transit Riders Can Now Use Uber To Buy Tickets
Denver light-rail and bus riders will be making a bit of electronic-payments history this spring and summer by being the world’s first commuters able to use Uber Technologies Inc.’s mobile app to buy and use transit tickets. The new service, which will be rolled out over the next few weeks, …
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3 May
Facebook Planning a Crypto Payments System? and other Digital Transactions News briefs from 5/3/19
Facebook Inc. reportedly is planning a cryptocurrency-based payment system using a digital coin with stable value that would enable the social-networking giant to avoid fees it incurs for conventional card payments, according to a report in The Wall Street Journal cited by the Associated Press. The report says Facebook is …
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2 May
Global Payments Touts Differentiated Strategy as Worldpay Reports Strong First-Quarter Results
The big merchant processors Global Payments Inc. and merger candidate Worldpay Inc. reported healthy first-quarter results Thursday. North America performed especially well for Atlanta-based Global Payments, generating $678.4 million in revenues, up 14% from $594 million in 2018’s first quarter. In contrast, European revenues slipped 0.3% to $142.9 million while …
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2 May
Mitek Chooses Independence and other Digital Transactions News briefs from 5/2/19
The board of directors of Mitek Systems Inc., the developer of remote deposit capture and identity-verification software, has concluded its “strategic review” of alternatives that could have led to the company being acquired, but now plans to remain independent. “Our board, following a thorough review of the results and in …
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1 May
Square’s Dorsey Not Troubled by the Acquiring Industry’s Mega-Mergers
Square Inc. has been a non-traditional merchant acquirer since its birth nearly a decade ago, and a wave of industry mergers won’t change that, according to chief executive Jack Dorsey. “I do think we will continue to see consolidation, but that doesn’t worry me,” Dorsey, who also is Twitter Inc.’s …
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1 May
EVO Buys Gateway and other Digital Transactions News briefs from 5/1/19
Merchant processor EVO Payments Inc. says it has a deal to acquire the payment-gateway assets of Mexico City-based SF Systems, which has developed integrations with many of Mexico’s largest point-of-sale systems. EVO has been working with SF Systems since it entered Mexico in 2015. Terms of the deal were not …
April, 2019
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30 April
Fiserv’s First Data Deal Remains on Track Despite Justice Request
Core processor Fiserv Inc. continues to expect its $22 billion deal to acquire First Data Corp. will close in 2019’s second half despite a U.S. Department of Justice inquiry about the merger, Brookfield, Wis.-based Fiserv reported Tuesday. The Justice Department asked for more information and documents on April 4, though …