Digital Transactions Authoritative, insightful and timely information for payments professionals
China’s central bank informed American Express Co. that it would “formally accept” its application to clear and settle domestic bank-card transactions, potentially making AmEx the first U.S. card network to get permission to operate in China, The Wall Street Journal reported. Visa Inc.’s stock has produced a total shareholder return …
April, 2018
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25 April
Visa Checkout’s Future: Secure in the Short Term, Cloudy in the Long Term
Visa Inc. isn’t about to pull the plug on Visa Checkout, but judging from comments Visa’s top executives made Wednesday, the online and mobile-payment service’s long-term outlook looks quite iffy. The future of both Visa Checkout and Mastercard Inc.’s Masterpass equivalent was called into question last week when The Wall …
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25 April
A Surging Performance From P2P Services Helps Boost Results for PayPal’s First Quarter
The PayPal Holdings Inc. machine just keeps chugging. The company announced on Wednesday added momentum in the first quarter, driven in part by gains in consumer and merchant accounts, results for Venmo, its popular peer-to-peer payments app, and strong performance for One Touch, its streamlined checkout technology. Without offering details, …
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25 April
Cayan Lifts Merchant Revenues for TSYS; Helgeson Gets an ‘Expanded Role’
Boosted by its $1.05 billion acquisition of the big independent sales organization and merchant processor Cayan LLC in January, payment processor Total System Services Inc. (TSYS) saw its merchant revenues rise nearly 22% in the first quarter. TSYS’s Merchant Solutions segment posted net revenues of $317.4 million, a 21.8% increase …
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25 April
Shift4 Is Embroiled in an Antitrust Suit Alleging It Shuts out Rival Restaurant Processors
The ongoing consolidation of companies focused on point-of-sale systems for restaurants gave rise on Tuesday to an antitrust suit that seeks to reverse one of the most recent mergers among payment processors. Payment Logistics Ltd., a San Diego-based payments provider, alleges in its complaint that Shift4 Payments LLC is using …
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25 April
Keeping Up with the Evolving Payment Experience
Over the years, merchants have been continually forced to adapt to the changing needs and preferences of consumers. Now more than ever, we are living in a consumer-driven economy, and with evolving technologies, the power of the consumer has filtered all the way to the payments experience. As consumers increasingly …
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25 April
Agility and the MLS: Maintaining Relevance in a Changing Market
Michael Nardy, Founder and CEO Working through the challenges of the market, today’s MLS need to be as agile as ever, often changing their marketing approach, sales pitch, and even reevaluating verticals they tackle in order to stay competitive. Recently, the growth of Surcharging and Cash Discount programs have …
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25 April
Upserve Opens Denver Office and other Digital Transactions News briefs from 4/25/18
Prepaid card and payments specialist InComm announced it is adding 150 jobs and investing more than $20 million in the Atlanta and Columbus, Ga., areas. The moves follow its acquisition of the distribution rights to American Express Co.’s reloadable and gift card products, and the purchase of the AmEx Serve platform. …
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24 April
Contactless Payments Continue To Gain Share on London’s Transit System
Contactless point-of-sale debit and credit card transactions are barely a blip on the U.S. payments screen, but on London’s vast public-transportation system, payments from contactless cards or smart phones now account for half of all pay-as-you-go fares on subways and rail lines, system operator Transport for London reported Tuesday. Contactless …
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24 April
BitPay Targets Physical Stores for Cryptocurrency With a Refreshed Checkout App
Bitcoin is far from a mainstream payment method, but most merchants that accept the cryptocurrency are online sellers. On Monday, the Atlanta-based processor BitPay Inc. announced an update intended to bring Bitcoin and its recently hatched cousin, Bitcoin Cash, to more brick-and-mortar merchants. BitPay introduced its Checkout app, which works …
