Friday , January 31, 2025

News

May, 2016

  • 6 May

    Jumbo Acquirer Pricing Advantage Dissipating: Report

    Pricing advantages once held by super-large acquirers—those whose merchants process more than 3 million monthly credit and debit transactions—appear to have retreated, according to the Merchant Processing Pricing Benchmark Study recently issued by The Strawhecker Group. These jumbo acquirers had, on average, the lowest amounts for their processing and authorization …

  • 5 May

    Customer Contact Centers Are the “Fraud-Enablement Channel,” Researcher Says

    With the rollout of EMV chip cards in the United States shrinking opportunities for criminals to use counterfeit cards at the point of sale, fraud rings are turning their attention to customer-contact centers as a way to fraudulently order replacement credit and debit cards and take over consumer accounts. More …

  • 5 May

    Square’s Payment Volume Jumps 45%, but Growth Measures Cause Loss To Widen

    Boosted by a 45% increase in payment volume to $10.3 billion, Square Inc.’s adjusted revenues jumped 64% in the first quarter, but the merchant processor’s net loss doubled to $96.8 million on higher expenses as the company continued to invest like a startup for future growth. In its second earnings …

  • 4 May

    How the Details Strongly Influence Merchant-Portfolio Valuations

    Independent sales organizations and merchant-services salespeople considering selling all or part of their merchant portfolios have to consider more than finding the right buyer, said a panel of acquiring specialists. While some portfolio valuations might spike as high as the 40s—referring to a multiple of the net monthly processing revenue—that’s not …

  • 4 May

    Bitcoin Processor BitPay Introduces a Prepaid Visa Card

    BitPay Inc. made its name signing up merchants to accept the bitcoin digital currency, and now it’s adding a reloadable Visa prepaid card to its consumer-facing products. The card will enable users to make purchases at the millions of Visa-accepting merchants as well as the relative handful that accept bitcoin, …

  • 4 May

    Kohl’s Brings Loyalty To Apple Pay and other Digital Transactions News briefs

    • Retailer Kohl’s says customers can now pay for purchases using their Kohl’s Charge accounts and earn points in its Yes2You Rewards program in approximately 250 stores with a single tap using Apple Pay. Kohl’s expects national availability later this month. Kohl’s says it is the first retailer to offer a …

  • 4 May

    Green Dot Reports Mixed Results, but CEO Streit Says Prospects Are Improving

    With its contested annual shareholder meeting coming up in less than three weeks, embattled Green Dot Corp. chief executive Steve Streit on Wednesday said the prepaid card card and mobile-banking provider and tax-payment processor’s prospects are improving as key measures of customer activity strengthen. Pasadena, Calif.-based Green Dot reported first-quarter …

  • 3 May

    With Wearables Set to Soar, MasterCard Prepares to Support Device Payments Later in 2016

    MasterCard Inc. expects the first wearable payment devices for use on its network to be available later this year, Sherri Haymond, senior vice president for digital payments for MasterCard, tells Digital Transactions News. The devices are part of MasterCard’s Commerce for Every Device Program, which is intended to add payment …

  • 3 May

    Mitek’s Billion Deposits and other Digital Transactions News briefs

    • Imaging applications developer Mitek Systems Inc. said its Mobile Deposit service has processed more than 1 billion check deposits; more than 5,000 U.S. financial institutions and 70 million of their customers use Mobile Deposit. • Payments company Zooz closed on $24 million in funding that it will use for growth, …

  • 2 May

    While Still Volatile, Bitcoin’s Price Generally Moves Upward As Blockchain Interest Rises

    While the payments industry has been buzzing lately with talk about the blockchain, Bitcoin has been reaching pricing levels it hasn’t seen in more than a year. The rally comes amid fresh optimism for a solution to a vexing capacity problem and for the blockchain itself, the distributed ledger that …

Digital Transactions