News

December, 2015

• 16 December

  Majority of Cards Presented to Merchants Bear EMV Chip: Report

  Efforts to get EMV chip cards into the wallets of U.S. consumers may be paying off. Some 52% of cards presented to merchants in the weeks following the Oct. 1 liability shift bear a chip, says CardFlight Inc., a mobile point-of-sale provider, in the debut of its EMV Migration Tracker. …
• 16 December

  Global Payments’ $4.3 Billion Heartland Deal Points up Industry Shift to Integrated Payments

  When Global Payments Inc.’s chief executive, Jeffrey S. Sloan, called his counterpart at Heartland Payment Systems Inc., Robert O. Carr, a couple of months ago, he had in mind the potential for a massive acquisition in the acquiring business. But, in making that call, he also took the latest step, …
• 15 December

  As Mobile P2P Grows, It’s Winning Adoption With a Broad Range of Age Groups

  The low cost and convenience of peer-to-peer payments may be ready to cannibalize a portion of the traditional wire-transfer market, according to a new report from Javelin Strategy & Research. The report also finds that mobile P2P is important to all consumers, not just Millennials, often considered the most likely …
• 15 December

  Despite the Rapid Rise of E-Payments, Cash Remains Stubbornly Popular Worldwide

  By John Stewart n If, as the saying goes, cash is king, it’s clinging stubbornly to its throne. Despite the emergence of e-commerce and the secular rise of payment cards around the world, cash usage is growing nearly as fast globally as cashless payments, according to a report released this …
• 15 December

  Global Payments To Buy Heartland in $4.3 Billion Cash-And-Stock Deal

  Confirming rumors that have been rife for days, merchant acquirer Global Payments Inc. announced late Tuesday that it will buy smaller rival Heartland Payment Systems Inc. in a cash-and-stock deal valued at $4.3 billion. At $100 per share, the deal represents an 18% premium over Heartland’s closing share price Tuesday. …
• 14 December

  The U.K.’s Yoyo Wallet Hopes Soon To Be Walking a Big Dog in U.S. Mobile Payments

  By John Stewart While many observers might argue the U.S. payments market has plenty of mobile-wallet entries for the time being, a U.K. startup called Yoyo Wallet figures there’s room for one more. London-based Yoyo, which launched with university cafeterias nearly two years ago and has expanded to catering operations …
• 14 December

  Mobile Payments Poised for 62% Growth in 2016, Says eMarketer

  2016 could be an auspicious year for mobile payments growth. That’s if a forecast from eMarketer Inc. proves correct. The New York-based research firm predicts that the number of consumers making mobile payments at the point of sale with smart phones will hit 37.5 million in 2016, a 61.6% increase …
• 14 December

  EMV Still Lifting VeriFone as Retailers Convert and the Oil Sector Begins Switchover

  The conversion of U.S. mall and Main Street retailers to EMV chip card acceptance continues to lift VeriFone Systems Inc.’s North American revenues, but now the leading U.S.-based point-of-sale terminal maker and payment-services provider is getting ready for a rush of orders from petroleum marketers preparing to meet a key …
• 11 December

  Bitcoin Value Rallies As the Digital Currency Closes out a Promising Year

  By John Stewart The Bitcoin digital currency is surging again. Factors ranging from the collapse of the Chinese yuan to the supposed unmasking of Bitcoin’s inventor have helped push the controversial currency’s price up 15% in the past week, to a close at $415.25 on Thursday, according to data compiled …
• 11 December

  Global Payments, Heartland Combo Would Produce an Acquirer of Wide Breadth

  There have been IPOs galore in the payment industry of late and merchant acquirer TransFirst is in the dock, and the acquisitions of independent sales organizations by bigger processors continues unabated. But there hasn’t been an acquisition of a big, publicly held payment processor by another in some time. That …