Digital Transactions Authoritative, insightful and timely information for payments professionals
Prepaid card specialist Green Dot Corp. has agreed to buy rival UniRush LLC in a deal valued at a minimum of $147 million and expected to close by the end of March. Pasadena, Calif.-based Green Dot, perhaps best known for managing Wal-Mart Stores Inc.’s MoneyCard operation, said the deal will …
January, 2017
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30 January
Momentum Is Building for Mobile Wallets Overseas—And Also in the U.S., Report Says
Mobile wallets have struggled in the United States to win consumer adoption and usage, but worldwide the technology is growing smartly. And even in the U.S. market, it’s expected to pick up momentum. That’s according to a report issued Monday by U.K.-based Juniper Research. The firm estimates global payments volume …
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30 January
Eye on Mobile: Vantiv To Resell CardFlight mPOS; USAePay Cinches Certifications
Merchant processor Vantiv Inc. has agreed to offer a mobile point-of-sale platform from CardFlight Inc. The platform, called SwipeSimple, includes an EMV reader, a mobile app for iOS and Android, and a back-office reporting portal. New York-based CardFlight says the devices will be co-branded with Vantiv’s branding and will be …
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30 January
Green Dot May Be Interested in UniRush and other Digital Transactions News briefs
• Bloomberg reported that prepaid card services provider Green Dot Corp. is in talks to buy UniRush, a smaller competitor co-founded by Russell Simmons, the music-industry entrepreneur behind the rap label Def Jam. • In another possible deal, U.K.-based accounting and payroll software firm Sage Group plc is mulling a sale of its U.S. …
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30 January
Eye on Apple Pay: Analytics Firm IDs Leading Merchants
A San Francisco analytics company with access to transaction data on 3 million consumer credit and debit cards says usage of Apple Inc.’s Apple Pay mobile-payment service rose steadily in 2016. TXN Solutions Inc. also says that among brick-and-mortar merchants Apple Pay usage is highest at New York City-area pharmacy …
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27 January
More Than 400 Million Visa EMV Cards Issued and other Digital Transactions News briefs
• Coffee giant Starbucks Corp. reported its Mobile Order and Pay feature, which allows customers to order and pay on their mobile phone and then pick up the order later without waiting, accounted for 7% of all transactions in U.S. company-operated stores in the fourth quarter, up from 3% a year earlier. …
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27 January
TMS Adds Its Groovv POS System to Its Free-Hardware Program for Merchants And ISOs
Independent sales organization Total Merchant Services Inc. has added its Groovv POS system to its free hardware program, a move that places all of its products in the program. Prior to this week’s announcement, only point-of-sale terminals were part of the program, says Woodland Hills, Calif.-based TMS. This should make it …
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26 January
Credit Cards Compromised in 19% of Data Breaches, Researchers Find
Credit card numbers were involved in just under one-fifth of the 4,000-plus data breaches worldwide reported in 2016, data-security services provider Risk Based Security Inc. reported Wednesday. RBS says the latest release of its annual Data Breach QuickView found that 4,149 data breaches occurred or became publicly known in 2016, …
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26 January
Ant Financial, Backer of Alipay, Shells out $880 Million for No. 2 U.S. Money Transmitter MoneyGram
The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …
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26 January
TSYS in FTC Settlement Talks Over NetSpend and other Digital Transactions News briefs
• Total System Services Inc. (TSYS) reported that it is talking with the Federal Trade Commission to settle the FTC’s November lawsuit accusing TSYS’s NetSpend prepaid card unit of deceptively marketing reloadable prepaid cards. TSYS took a $13 million charge in the fourth quarter in connection with the settlement talks. • Newtek …
