Digital Transactions Authoritative, insightful and timely information for payments professionals
Green Dot Corp.’s chief executive on Wednesday hailed the company’s pending acquisition of Consumer Financial Protection Bureau <![endif]–> The company finished 2016 with $718.8 million in total operating revenue, up 3.5% over its 2015 revenue total. Net income for the year came in at $41.6 million, up 8% from $38.4 …
February, 2017
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23 February
Another Card Consolidator Debuts and other Digital Transactions News briefs
• Royal Dutch Shell plc said it is finalizing the deployment of EMV-compliant point-of-sale terminals for inside use at more than 11,000 of its U.S. locations. Currently, almost 80% of the locations are EMV-compliant, with the rest expected this spring. As the inside-the-store project is completed, the petroleum company will shift …
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23 February
Retailer Groups Ask Supreme Court to Affirm Rejection of 5-Year-old Interchange Settlement
By Kevin Woodward@DTPaymentNews As the U.S. Supreme Court gets nearer to considering the 2012 interchange settlement, the National Retail Federation and the Retail Industry Leaders Association asked the court to let stand an settlement. The trade groups, which for the most part represent large retailers, argue, in part, that the …
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22 February
COMMENTARY: The Deal for TIO Networks Follows a Pattern for PayPal’s Schulman
By Rick Oglesby @DTPaymentNews PayPal Holdings Inc. has always been an enigma. It’s not really a payment network, not really an independent sales organization or merchant acquirer, not really a wallet or a prepaid card issuer, not really a person-to-person payments solution, and not really a payment gateway. Yet, it …
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22 February
PayByPhone Adds Apple Pay and other Digital Transactions News briefs
• The National Retail Federation and the Retail Industry Leaders Association on Tuesday asked the U.S. Supreme Court to let stand an appellate court’s ruling last June striking down the controversial 2012 settlement between merchants on the one side and Visa, Mastercard, and some big banks on the other in a long-running antitrust class …
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22 February
Square Reports Strong Quarter; Could the Future Include Deals With ISOs?
By Jim Daly@DTPaymentNews Square Inc.’s gross payment volume rose 34% year-over-year in the fourth quarter, generating strong revenues and other financial metrics despite large merchants accounting for a bigger share of volume. The San Francisco-based merchant processor late Wednesday afternoon also gave an upbeat outlook for 2017, all of which …
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21 February
Synchrony Financial’s Growing CareCredit Unit To Buy Citi’s Health Card Portfolio
By Jim Daly@DTPaymentNews CareCredit, the health-care financing unit of the big private-label and cobranded credit card provider
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21 February
Klarna Allies With Radial As It Builds U.S. Market Share in Online And Mobile Payments
Up against formidable competitors like PayPal Holdings Inc., Sweden’s Klarna is seeking every edge it can find for increased U.S. market share in online payments. That effort received a boost on Tuesday with the announcement by omnicommerce specialist Radial that it has integrated Klarna on it platform, which supports hundreds …
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21 February
Gulf Pay, Built on P97 Tech, Will Join Growing List of Gas Wallets Later This Year
Gulf Oil L.P. becomes the latest fuel retailer to offer its own mobile-payment app with the introduction Tuesday of Gulf Pay. The service, scheduled to be tested at some New England and New York locations in the first half of 2017, eventually will accept Mastercard Inc.’s Masterpass digital wallet. Further …
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21 February
SignaPay Launches Cash Discount Program and other Digital Transactions News briefs
• Merchant processor SignaPay Ltd. announced the official launch of its PayLo software, which allows merchants to collect what the company calls a “small” service fee on each transaction processed on merchants’ point-of-sale terminals. The fee is waived if the customer uses cash or a gift card. SignaPay says the software is …
