News

August, 2016

• 1 August

  How Restaurant EMV Could Boost Mobile Wallets As Issuers Turn to PIN Verification

  

  By John Stewart @DTPaymentNews Most mobile wallets in North America have struggled to win adoption and usage among consumers, and some apps backed by mobile networks have already fallen by the wayside. But one factor that could promote mobile payments is likely to come from a surprising source: restaurants. With …

July, 2016

• 29 July

  Making Sense of the Relentless Tech-Driven Changes in the Merchant-Acquiring Industry

  

  It might be a cliché, but the saying that the more things change, the more they stay the same has some validity for merchant acquirers despite the rapid introduction of new technologies and the entrance of new competitors in recent years. For example, the top 10 U.S. merchant acquirers in …
• 29 July

  MoneyGram Money-Transfer Volume Up and other Digital Transactions News briefs

  • For its second quarter ended June 30, MoneyGram International Inc. reported transactions on its digital money transfer service grew 9% and accounted for 15% of all money-transfer transactions handled by the company. Revenue for the service increased 17% and accounted for 13% of overall money-transfer revenue. • Because of …
• 28 July

  MasterCard’s Banga Parries Queries About Staged-Wallet Fee in Wake of Visa-PayPal Deal

  

  The shock waves generated by Visa Inc.’s new deal with PayPal Holdings Inc. reached MasterCard Inc. on Thursday, with chief executive Ajay Banga hailing the agreement while parrying questions from analysts about its possible effect on a fee MasterCard imposed in 2013 to deal with PayPal and other digital wallets that rely on …
• 28 July

  Global Payments’ Heartland Merger On Track, Executives Say

  

  The $4.3 billion merger of Global Payments Inc. and Heartland Payment Systems Inc. appears to be paying off. Atlanta-based Global Payments released its fiscal fourth-quarter and year-end results Thursday. For the year, which ended May 31, total revenue of $2.9 billion was up 4.5% from $2.8 billion in the prior year. …
• 28 July

  MasterCard and PayPal Extend Card Agreement and other Digital Transactions News briefs

  • Square Inc. introduced Scheduled Deposit, a service aimed at larger merchants, allowing them to set up regular daily deposits with accelerated access to funds. The service differs from Instant Deposit, a service Square introduced a year ago, in that deposits are automated and so don’t require manual entry by …
• 28 July

  New Federal Trade-Secret Law Could Prove To Be a Double-Edged Sword for ISOs

  

  Every business, including merchant processors and independent sales organizations, wants to protect its trade secrets, and a new federal law gives them stronger tools to do that than available before. But the law also could expose ISOs to damages should they unwittingly hire sales representatives who use somebody else’s stolen …
• 27 July

  Apple’s Boss Sums up Apple Pay: ‘Astronomical’ Growth, But on a ‘Very Small’ Base

  

  Apple Inc. is notoriously tightlipped about how its Apple Pay mobile-payments service is doing, and the occasion of the computing giant’s quarterly earnings call late Tuesday was no exception. Still, while Apple chief executive Tim Cook said little to satisfy widespread curiosity about the wallet’s adoption and usage among consumers, …
• 27 July

  Eye on Earnings: Ingenico North America up 11%; Sales Up, Profits Down at TSYS

  

  The U.S. migration to the EMV chip card standard continues to pay off for point-of-sale terminal maker Ingenico Group as the company reported a 14% increase in its North America revenue for the first six months of 2016. France-based Ingenico, in its earnings results released Tuesday, said it recorded 148 …
• 27 July

  Apriva Completes First Data EMV Certification and other Digital Transactions News briefs

  • Venmo, the peer-to-peer payment service from PayPal Holdings Inc., said all Venmo users now can use the service to make in-app purchases at participating merchants. Announced earlier this year, the in-app payment is available with 11 merchants. • Wireless transaction gateway Apriva said it has completed EMV certification for …