News

April, 2017

• 18 April

  PayPal Furthers Its In-Store Ambitions With Deals With Android Pay And Wells Fargo

  

  When PayPal Holdings Inc. made deals last year with Visa Inc., Mastercard Inc., Citigroup Inc., and Fidelity National Information Services (FIS), one key part of the agreements was access to the card networks’ tokenization engines to reach bank-issued payment cards. On Tuesday,
• 17 April

  Set on Claiming a Big Piece of the P2P Pie, Zelle Touts Members’ Volume Already in Hand

  Financial institutions are determined not to be left behind as mobile person-to-person payments gain popularity and non-bank players invade the market. On Monday, Early Warning Services LLC, a company controlled by some of the nation’s biggest banks, said its Zelle P2P service has grown to include 20 banks and credit …
• 17 April

  Merchants And Issuers Alike Will Need Persuading on the New 3-D Secure 2.0

  

  In the run up to full implementation of 3-D Secure 2.0, a payment standard that aims to curb online fraud and prevent blocking legitimate transactions, merchants and issuers alike will need some convincing the technology will not impede e-commerce and mobile commerce. That’s the word from Tim M. Sherwin, chief …
• 17 April

  Euronet Promises MoneyGram Bid Review and other Digital Transactions News briefs

  • In the wake of a rival bid from Euronet Worldwide Inc., Ant Financial Services Group increased its offer for MoneyGram International Inc. from $880 million to $1.2 billion, or from $13.25 per share to $18. Euronet offered $1 billion for MoneyGram after Ant made its original bid. A special MoneyGram …
• 14 April

  Under New Leadership, Klarna’s U.S. Unit Targets Impatient Users With Streamlined Credit

  

  Klarna Inc.’s new boss has big ambitions. Jim Lofgren, vice president of global accounts and partnerships for the Swedish payments processor’s U.S. operation, tells Digital Transactions News there’s plenty of room for growth in what many might perceive as a saturated market for retail credit. “In the U.S., we see …
• 14 April

  ACH Volume Growth Again Surpasses 5% To Hit 25.6 Billion Transactions in 2016

  Automated clearing house volume grew by more than 1 billion transactions in 2016, ACH network governing body NACHA reported this week. Herndon, Va.-based NACHA says traffic on the network, which connects virtually all U.S. financial institutions, hit 25.6 billion transactions, up 5.3% from 2015. That grand total includes on-us transactions. …
• 14 April

  National ATM Council Issues Legislative Appeal and other Digital Transactions News briefs

  • The National ATM Council, a trade group for independent ATM deployers, has issued an appeal to its members in Illinois to join in opposing a bill in the legislature that the group says would “eliminate virtually all of the state’s current ATM base” by capping ATM fees at $1 per …
• 13 April

  In-Car Payments Pioneer Honda Broadens Its Focus Beyond Autos With a New R&D Unit

  

  In-car payments may be taking yet another step forward, along with related connected-car innovations. American Honda Motor Co. Inc. on Thursday said it is reorganizing its innovation arm, Honda Silicon Valley Lab, as a new company called Honda R&D Innovations Inc. The new entity has been created specifically to “expand …
• 13 April

  Vantiv To Offer Womply Data Services and other Digital Transactions News briefs

  • Merchant processor Vantiv Inc. announced it will work with data-science specialist Womply to offer Vantiv BizShield and Insights, a service for small and medium-sized merchants that offers real-time data, advanced analytics, online reputation management, and threat management. • Processor Global Payments Inc.’s Campus Solutions unit has introduced TouchNet OneCard VIP, which manages access to …
• 12 April

  Globally, the ‘Pays’ Ring up Eye-Popping Growth. But In the U.S., It’s a Different Story

  

  Mobile-wallet enthusiasts may have to look overseas for encouragement. A report released Tuesday indicates sizzling growth worldwide for the three major mobile-payments services—Android Pay, Apple Pay, and Samsung Pay—but researchers who follow the U.S. market say the trio are making little if any headway with consumers. The report from Juniper …