Digital Transactions Authoritative, insightful and timely information for payments professionals
Apple Inc. is expected to release its iPhone 6 next month and, not surprisingly, speculation about the coming smart phone’s features is intense. But a new report from IDC Financial Insights cautions that Apple is not out to reshape the mobile-payments industry. Many of the rumors in payments circles center …
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Mobile, POS Payments-Tech M&A Drives Overall Tech Deals to New Global Highs
Deals for financial and payments technology companies drove worldwide merger-and-acquisition activity in the technology sector to new highs in the second quarter, according to a report released on Thursday. n Transactions for payments and financial technologies firms was especially heavy in the second quarter. The quarter’s 60 deals exceeded the …
Read More »Eyeing Transaction Dropouts, PayPal Unveils One Touch for Single-Click Mobile Payments
In a move that could significantly boost mobile-payments activity, PayPal Inc. on Tuesday unveiled a single-click payment method for merchant apps. Dubbed One Touch, the method allows mobile users to log in once with their user names and passwords, then simply touch or click on a “buy” button for all …
Read More »As Card-Industry Use of Tokens Increases, MasterCard Plans “Digital Enablement” Fees
MasterCard Inc. is planning new “digital enablement” fees, one for merchant acquirers and the other for card issuers, that will generate revenue for the network as mobile payments and the use of tokens that substitute for actual payment card numbers increase. The fees are outlined in recent MasterCard bulletins for …
Read More »Payments Companies Push ISVs And VARs To Move Fast To Sell Mobile Tech to Merchants
Stressing such factors as the rapid growth of mobile commerce and the advantages of streamlined integration, representatives from Discover Financial Services, Mercury Payment Systems LLC, and PayPal Inc. on Tuesday urged a roomful of point-of-sale technology resellers to begin moving quickly on selling mobile payments to retail clients. “I would …
Read More »Big Man on Campus: Heartland Pays $375 Million for Higher-Education Payments Company TouchNet
Heartland Payment Systems Inc. is paying $375 million to expand its position as a higher education payments provider. The Princeton, N.J.-based processor announced today it bought Lenexa, Kansas-based TouchNet Information Systems Inc. Heartland says this is its highest-priced acquisition to date. TouchNet provides a variety of payment services to …
Read More »First Data Reports Improved Financials And Plans To Buy Digital Gift-Card Provider Gyft
In a busy day for First Data Corp., the leading payment processor on Wednesday reported a reduced quarterly loss and its best revenues since going private, and that it plans to buy digital gift-card services provider Gyft Inc. Thanks to recent tech-company acquisitions and moves to improve its debt-laden balance …
Read More »Annual Wallet Payments Total More Than a Quarter Billion, According to Updated Fed Study
Transactions using mobile wallets totaled at least 250.6 million and amounted to at least $9.5 billion in value in 2012, according to a payments report issued Thursday by the Federal Reserve. These results, part of a comprehensive update to a study released in December, represent the central bank’s first effort …
Read More »Twitter, Facebook Make Payments Moves, But Do They Threaten Payments Firms?
Twitter Inc. and Facebook Inc. both made moves in the electronic-payments space this week, but analysts question whether the giant social networks are preparing frontal assaults on the payments industry. Menlo Park, Calif.-based Facebook on Thursday revealed that it is testing a “Buy” button that will let members buy products directly …
Read More »Digital Transactions’s Jenisch Wins Industry Achievement Award from MidWest Acquirers
Robert A. Jenisch, publisher of Digital Transactions, Digital Transactions News, and digitaltransactions.net, received the Industry Achievement Award from the MidWest Acquirers Association on Wednesday. The award, which recognizes substantial career accomplishments and contributions in the U.S. merchant-acquiring industry, was given to Jenisch during the MWAA’s annual conference in Lombard, Ill. …
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