News

July, 2017

• 27 July

  Eye on Networks: Mastercard’s Transactions Increase 17%; Pulse’s Pulse Quickens

  

  Mastercard Inc. reported Thursday that its switched transaction volume grew 17% in the second quarter. Meanwhile, Discover Financial Services’ Pulse debit network saw volume jump 15% after growing slightly in the first quarter following a long period of decline. Purchase, N.Y.-based Mastercard said its transaction count hit 16 billion versus …
• 27 July

  Apriva Notes Software Integration and other Digital Transactions News briefs

  

  PayPal Holdings Inc. and Bank of America Corp. announced an agreement whereby PayPal will tokenize BofA cards for in-store transactions based on the PayPal wallet. The in-store payments will work with a PayPal service using near-field communication that PayPal says is coming, without adding details. Discover Financial Services said in its second quarter earnings …
• 27 July

  PayPal Logs a Strong Quarter As Multiple Partnership Deals Start To Kick in

  

  PayPal Holdings Inc. has changed in ways large and small since Dan Schulman took over as chief executive two years ago, but perhaps its biggest change is its willingness to embrace collaboration with financial institutions, payment networks, and others once seen as keen rivals. At least some vindication of that …
• 26 July

  Are Subdermal NFC Payments Over the ‘Internet of Us’ the Next Big Thing?

  

  A Wisconsin supplier of kiosks for employee break rooms is getting national attention in the wake of its announcement that it plans to implant radio-frequency identification microchips in the hands of volunteer employees Aug. 1, chips the company says will support payments. Three Square Market, based in River Falls in …
• 26 July

  So You Want To Be a Payfac? There Are More Every Year, Despite Widespread Confusion

  

  The number of payment facilitators is growing rapidly, with technology platforms and independent software vendors alike increasingly taking on the role. Yet confusion remains about just how a payment facilitator—or payfac, in industry parlance—differs from a conventional merchant acquirer or even from a marketplace. That confusion clouds the responsibilities payfacs …
• 26 July

  USA Technologies Raises $43.1 Million and other Digital Transactions News briefs

  

  Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …
• 25 July

  Online Fraud Detection And Prevention Bill Will Hit $9.3 Billion by 2022, Says Juniper

  

  With a rapidly expanding e-commerce market, online fraud-detection and -prevention efforts are poised to grow over the next few years. Merchants are expected to spend $9.3 billion annually on these efforts by 2022, says Juniper Research. That’s a 22% increase from the 2017 spending total, though it pales in comparison …
• 25 July

  Will Faster Payments Arrive Fast Enough to Give a Helping Hand to Mobile Payments?

  

  Faster payments may be in the offing, according to the Federal Reserve, but that term refers to the speed of clearing and settlement. It doesn’t mean new payments methods will necessarily go mass market any more quickly. Take mobile payments, a form of digital value transfer based on smart phones …
• 25 July

  Bitcoin Miners Signal Expansion Support and other Digital Transactions News briefs

  

  Speculation of a possible buyout apparently is boosting the stock of payment processor Total System Services Inc. (TSYS), according to press reports; one equity analyst recently issued a report saying a buyout of TSYS by processor Fidelity National Information Services Inc. (FIS) would be “a home run.” TSYS is scheduled to …
• 24 July

  Paysafe To Buy Merchants Choice, but Itself May Be Acquired by a Private-Equity Consortium

  

  In a payments play on acquire and be acquired, Paysafe Group plc announced Friday that it has a deal to acquire Delta Card Services Inc., parent company of independent sales organization Merchants’ Choice Payment Solutions, for $470 million in cash. Separately, United Kingdom-based Paysafe also confirmed that it has received …