• China-based Ant Financial Services Group’s $880 million bid for wire-transfer provider MoneyGram International Inc. is generating increasing opposition in Congress on national-security grounds, according to press reports from Washington. U.S.-based Euronet Worldwide Inc. last month submitted an unsolicited $1 billion bid for MoneyGram. • Avangate, a subscription-management and e-commerce platform, announced …
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Apple Pay Victory in Australia and other Digital Transactions News briefs
• CORRECTION: The March 30 issue of Digital Transactions News mischaracterized the business in which eProcessing Network LLC engages. It is a payment gateway. DTN regrets the error. • In a victory for Apple Inc. and its Apple Pay mobile-payments service, the Australian Competition and Consumer Commission denied a request from four …
Read More »Mastercard Buys NuData Security And Other Digital Transactions News Briefs
• Mastercard Inc. has agreed to acquire NuData Security, whose technology identifies users from their online, mobile-app, and smart-phone interactions. Terms were not disclosed. • Fair Isaac Corp., otherwise known as FICO, said it detected 70% more compromised debit cards at U.S. ATMs and point-of-sale terminals in 2016 than it did …
Read More »Mobile Execs Mull Checkout Tech, Open Vs. Closed Networks, And Acceptance Costs
By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …
Read More »Cardtronics Renews With Scotiabank and other Digital Transactions News briefs
• Wells Fargo & Co. will introduce cardless withdrawals to all 13,000 of its ATMs after testing the smart-phone-based service in various locales, a bank executive told Reuters. Wells reportedly is the first bank to roll out cardless ATM withdrawals across its entire ATM fleet. • ATM network operator Cardtronics plc …
Read More »ACI Adds Bitcoin Support and other Digital Transactions News briefs
• Payments Canada, which owns and operates that nation’s payment clearing and settlement infrastructure, has hired consulting firm Accenture to advise it on a multiyear program called Modernization, which is aimed at creating a faster-payments regime. • Payments-solutions provider ACI Worldwide said its network of more than 130 payment-service providers serving more …
Read More »Sionic Mobile in Offers Integration and other Digital Transactions News briefs
• Payments-automation specialist linked2pay has added a real-time merchant-onboarding capability to its Bank Centric Payments platform, allowing independent sales organizations and other resellers enrolled with a sponsor bank to register, underwrite, and board merchants for card processing electronically and immediately. • Mobile-commerce provider Sionic Mobile said it is integrating its ION Commerce …
Read More »Synchrony Financial Buys App Developer and other Digital Transactions News briefs
• Money transfer firm MoneyGram International Inc. said last week’s unsolicited $1 billion bid from Euronet Worldwide Inc., outdoing Ant Financial Services Group’s $880 million offer in January, meets the “company superior proposal” definition in the merger agreement with Ant. The determination means MoneyGram can further consider the Euronet offer. • Private-label and cobranded credit …
Read More »Payment Data Systems Buys an ISO and other Digital Transactions News briefs
• Private-equity fund Vista Equity Partners said it would buy Canadian payments and financial software provider DH Corp. (D+H) for C$4.8 billion ($3.6 billion) in cash and merge it with one of its portfolio companies, United Kingdom-based Misys, a software provider for retail and corporate banking. • Merchant processor Payment Data Systems Inc. said …
Read More »Clearent Completes PAI Merchant Deal and other Digital Transactions News briefs
• Payments provider Clearent LLC completed its purchase of Payment Alliance International’s Merchant Services Division. The deal expands Clearent’s annual processing volume to $14 billion. • International payment-services provider Planet Payment Inc. reported that it processed a total of 191.6 million settled transactions in 2016, down 16% from 227.5 million transactions in …
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