• Lengthy negotiations for some large contract renewals caused payments software and processing provider ACI Worldwide Inc. to reduce its 2016 financial guidance; the company posted third-quarter revenues of $217 million, down 9% from a year earlier, and a loss of $9.83 million compared with net income of $14.8 million …
Read More »Search Results for: digital payments
CardFlight Strikes Reseller Deal and other Digital Transactions News briefs
• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …
Read More »10th annual: The 10 Most Pressing Issues in E-Payments
EMV after effects dominate our list of headaches this year. Still, from regulation to faster payments to interchange uncertainty, there are plenty of other issues to contend with. In the 10 years we have compiled our annual list of pressing issues facing the payments industry, no single theme has dominated …
Read More »The Parallel Universe in Faster Payments
All the talk about real-time transactions has focused on non-card rails. But all the action has centered on a little-known transaction type that just happens to be offered by Visa and MasterCard. The late summer’s rash of announcements for ready-to-go, real-time payments without the need for a big new network …
Read More »Why Semi-Integrated Solutions Are the Future of Payments
Tired of PCI and EMV hassles? Consider solutions that shrink PCI scope and simplify EMV certification, says Andrey Tikhonov. One year after the EMV liability shift in the U.S., many merchants are still debating whether to update their payment systems as they learn about EMV’s value and the consequences of …
Read More »Doing Payments Strategy Anew
The question of payments strategy is separating those institutions whose payments business will grow from those whose payments business will shrink. Three things have changed that payments strategies have to deal with. One obvious change is payments itself. The second is how banks are reorganizing themselves to meet the changing …
Read More »Co-Op Financial Services in Bill Pay Deal and other Digital Transactions News briefs
• Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …
Read More »Google’s Payments Chief Gives A Glimpse of What’s Coming for the Android Pay App
By John Stewart @DTPaymentNews Alphabet Inc.’s Android Pay mobile wallet made some headlines recently with the company’s announcement that the app would be available to Masterpass and Visa Checkout users for Softcard mobile-payments venture managed by leading telecom companies. Smart Tap is available now in all U.S. Walgreen’s stores as …
Read More »Prepaid Card Volume up at The Bancorp and other Digital Transactions News briefs
• RYDE Technologies Inc. launched an overhauled version of its ride-hailing app RYDE, first launched last year to compete with Uber and Lyft. As with other such apps, RYDE processes payments in the background against a stored card, summons taxicabs and black cars rather than private vehicles. • The Bancorp Inc., …
Read More »Early Warning Allies With NuData Security and other Digital Transactions News briefs
• Early Warning Services LLC, a fraud-management company, announced an alliance with NuData Security that enables Early Warning to use behavioral analytics and risk assessment as part of its authentication platform. • Money-transfer revenue for MoneyGram International totaled $339.6 million for the third quarter, up 5% on a constant-currency basis …
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