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The already-delayed $7.8 billion buyout of Alliance Data Systems Corp. by private-equity firm The Blackstone Group may not be consummated, the Dallas-based payment processor disclosed on Monday. The news sent Alliance Data's shares down 34% and fueled speculation that the deal announced last May 17 would become the latest victim …
Read More »Growth at Spin-offs TSYS, Metavante, But Not All Is Rosy
Newly independent of their founding bank owners, payment card processors Total System Services Inc. (TSYS) and Metavante Technologies Inc. weighed in this week with their fourth-quarter financials. The numbers by and large showed growth after a thicket of one-time spin-off and other expenses is cleared away, but both companies have …
Read More »Merchant Signings Help Fuel Fourth-Quarter Gains for PayPal
E-commerce sales increases outpaced those at brick-and-mortar merchants during the 2007 holiday shopping season (Digital Transactions News, Jan. 14), and that strong growth along with the recruitment of new online merchants gave a fourth-quarter lift to Internet transaction processor PayPal Inc. The San Jose, Calif.-based company handled 203.9 million transactions …
Read More »Nova’s Deal for Southern DataComm Gives It a Hospitality Gateway
U.S. Bancorp's Nova Information Services Inc. merchant-acquiring subsidiary is diving headfirst into the increasingly competitive payment-gateway business with its pending acquisition of Southern DataComm Inc., a gateway with a big presence in the hospitality sector. Largo, Fla.-based Southern DataComm handles an estimated $50 billion-plus in annualized payment volume, according to …
Read More »Phishing Sites Proliferate, But Experts Say Help Is on the Way
The population of Web sites dedicated to the crime of phishing jumped markedly in October after dipping late in the summer, according to the latest data from the Anti-Phishing Working Group. The good news, though, is that experts appear to be working out a new way to shut down these …
Read More »Global Payments Looks to New Platform for Faster Merchant Integration
Having introduced a new processing platform to ease integration with payment software and hardware products, Global Payments Inc. on Wednesday announced it will work with NitroSell, a supplier of shopping-cart software, to allow NitroSell's merchants to process e-commerce transactions on the new system. Atlanta-based Global Payments last week announced it …
Read More »Final Numbers Show Robust Increases in Holiday Spending Online
While 2007-08 holiday-season spending overall fell short of expectations, e-commerce sales soared, according to final numbers compiled by Dallas-based processor Chase Paymentech Solutions LLC. Ten online merchants for which Chase Paymentech processes transactions saw their total traffic jump 29% for the season, to 108.4 million transactions. Dollar volume grew at …
Read More »Mocapay Readies for a National Rollout of Its M-Commerce Service
Fledgling mobile-payments processor Mocapay Inc., which has been handling transactions for about 200 merchants in the Boulder, Colo, and Cincinnati areas, plans to launch a national rollout of its service this spring, the company's chief marketing officer tells Digital Transactions News. The 2-year-old company plans to complete work on its …
Read More »With Its Fiserv Deal, Viewpointe Sees a Big Year for Image Sharing
After a year in which networks that traffic electronic check images racked up big volume gains, the concept of sharing?rather than exchanging?images took center stage this week with the news that Fiserv Inc. will make its proprietary image archive part of the massive storehouse of images maintained by Viewpointe Archive …
Read More »A Rising Imaging Tide Lifts ECCHO’s Roster Past the 1,000 Mark
As the electronic exchange of check images grows, so too does membership in the Electronic Check Clearing House Organization, or ECCHO, a Dallas-based nonprofit banking-industry group that develops rules for image exchange and electronic check presentment. ECCHO president and chief executive David Walker tells Digital Transactions News that membership more …
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