Digital Transactions Authoritative, insightful and timely information for payments professionals
Publicly-held merchant acquirers were the best-performing payments stocks of 2015, investment-advisory firm Keefe, Bruyette & Woods says in its “2016 Outlook: Pay for Growth in This Environment” report released Tuesday. Among the acquirers and processors KBW tracks are PayPal Holdings Inc., Global Payments Inc., Vantiv Inc., Heartland Payment Systems …
December, 2015
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8 December
Retailers, Bankers on Opposite Sides as House Panel Considers Data-Security Bill
The U.S. House of Representatives’ Financial Services Committee on Tuesday afternoon was scheduled to consider a data-security bill that is drawing fire from merchant trade groups and consumer advocates, but which has the support of the American Bankers Association. H.R. 2205, the Data Security Act of 2015, was introduced last …
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7 December
Rising Consumer Affinity for Subscription Billing Could Boost Payments Companies
Changes in consumer shopping behavior and new ways for companies to measure how they deliver a service are providing a boost in subscription billing, especially as cloud-based services become more mainstream. “The size of the subscription-billing service market is exploding with the advent of cloud-billing solutions being offered as a …
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4 December
Florida Lawmakers Hope To Add Octane to Lottery Sales Through Fuel-Pump Purchases
Point-of-sale terminals and fuel pumps as lottery-ticket dispensers? That’s a question some states continue to mull, though Minnesota tried it and didn’t like it. The latest state trying to juice lottery sales by making card payments easier is Florida. Bills introduced last month in the state House and Senate would allow …
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4 December
The ACH Continues to Sizzle, Racking up Nearly 6% Growth in the Third Quarter
By John Stewart It operates so much in the background that many payments professionals may not have noticed, but the automated clearing house network is on a hot streak. The 41-year-old system notched a 5.9% year-over-year increase in transactions in the quarter ended Sept. 30, reaching a total of 4.83 …
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3 December
Groceries, Drug Stores, C-Stores Yawn at Mobile Payments, Focus on E-Commerce
By John Stewart What kind of technology are grocery stores, drug stores, and convenience stores most interested in? Not mobile payments, at least not right now. That’s the conclusion of the Los Angeles-based Center for Advancing Retail & Technology LLC, which operates an online marketplace of retail solutions for merchants …
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2 December
What’s in Your (Digital) Wallet? Chances Are, At Least One Proprietary Card
By John Stewart Ever since the launch of Apple Pay more than a year ago, mobile wallets have followed a pattern of recruiting financial institutions to enable their network-branded credit and debit cards to work in the wallet apps. But retailers are getting in on this action, as well, with …
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2 December
A Holiday Rebound: Shoppers Back on Track, First Data’s Transaction Report Says
Consumer shopping during the Thanksgiving-holiday weekend increased 9.4%, almost tripling the growth rate last year, according to card-transaction data released by First Data Corp. In 2014, the holiday-shopping weekend grew by 3.5% over 2013. The Atlanta-based processor analyzed the volume of transactions made at more than 820,000 merchant locations that …
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2 December
ComScore: Cyber Monday Spending Surpasses $3 Billion as M-Commerce Grows 53%
It looks like Cyber Monday came through for e-commerce payment processors, if the latest spending numbers from comScore Inc. hold true. ComScore reported Wednesday that spending from desktop computers and smart phones and tablets on Nov. 30 hit $3.12 billion, a 21% increase from $2.59 billion on 2014’s Cyber Monday. …
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2 December
Attorneys Announce $39 Million Settlement for Target Data-Breach Class Action
Attorneys for financial-institution plaintiffs suing Target Corp. to recoup their costs arising from Target’s massive 2013 data breach announced a $39.4 million settlement on Wednesday intended to bring their class-action lawsuit against the big-box retailer to an end. A U.S. District Court judge in St. Paul, Minn., was expected to …