July 31, 2019
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Mergers & Acquisitions, Mobile Wallets, Near-Field Communication (NFC), Transaction Processing
Fidelity National Information Services Inc. (FIS) said it has closed on its $43-billion cash-and-stock acquisition of processor Worldpay Inc. The deal was announced in March. Wednesday’s announcement follows approval of the merger by Worldpay shareholders last week and by the Federal Trade Commission in April.Apple Inc. CEO Tim Cook reported the Apple Pay mobile-payments service is now completing nearly …
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July 30, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Pricing, Transaction Processing
The Kroger Co. and Visa Inc. have settled a 2016 federal lawsuit in which Kroger alleged Visa interfered with its transaction-routing plans for EMV debit cards, Digital Transactions News has learned. In a separate dispute, however, the leading stand-alone supermarket chain is still boycotting Visa credit cards in some of …
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July 30, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Featured, Transaction Processing
Big merchants like Amazon.com Inc. are celebrated for virtually friction-free transaction flows, and now that’s putting pressure on the point-of-sale vendors that serve small businesses. That’s because clients want the same kind of experience for their customers, but don’t know how to go about it, a panel of experts said …
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July 30, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Pricing, Transaction Processing
The end of Bank of America Merchant Services, a merchant-acquiring joint venture between Bank of America Corp. and First Data Corp., is at hand. Charlotte, N.C.-based BofA said Monday it will pursue an independent merchant-acquiring strategy beginning in June 2020, though First Data, which that same day became part of …
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July 30, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Prepaid Cards, Smart Cards, Transaction Processing
Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions globally in the three months ending June …
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July 30, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Transaction Processing
Major credit card issuer Capital One Financial Corp. said it detected a data breach this month in which an intruder gained access to records affecting 100 million persons in the United States and 6 million in Canada. Affected data included such information as names, addresses, Zip Codes, and dates of birth, though …
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July 29, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Marketing, Mobile Commerce, Transaction Processing
Two payments players separately have added partner programs to boost their presence among merchants. Shift4 Payments LLC debuted its third-party point-of-sale marketplace with the DoorDash delivery service as a strategic participant. The Shift4 program enables companies like DoorDash to offer their applications to merchants within the Shift4 POS marketplace. For …
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July 29, 2019
Digital Currency, Fraud & Security, Law and Regulation, Transaction Processing
Mastercard Inc. has become the first payment card network to join the NoMoreRansom initiative sponsored by Europol, a support-services organization for law-enforcement agencies in the European Union. Europol says the 3-year-old NoMoreRansom public-private partnership project has helped 200,000 ransomware victims recover their computer files free of charge and has prevented …
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July 29, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
Fiserv Inc. formally announced the closing of its $22-billion, all-stock acquisition of processing giant First Data Corp.MagTek Inc. said its DynaPro Go PIN pad now offers Bluetooth LE connectivity. The company also launched its iDynamo 6 mobile card reader that works with iOS, Android, and Windows operating systems.Utah’s Deer Valley Resort said it detected malware on May …
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July 26, 2019
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Mergers & Acquisitions, Person-to-Person Payments, Transaction Processing
Shareholders of payment processor Worldpay Inc. this week voted overwhelmingly in favor of the company’s planned merger with Fidelity National Information Services Inc., which is expected to close in the third quarter.The Bancorp Inc., owner of The Bancorp Bank, a major prepaid card issuer, reported gross dollar volume on the bank’s prepaid cards …
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