Tuesday , November 12, 2024

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Opportunities Expand for Airlines To Adopt Mobile Payments, But Challenges Persist

Mobile payments are on the radar for many airline executives. Fully 72% of North American airline executives responsible for revenue, finance, payments, and commerce, said the increase in customers using mobile payments and mobile banking is a factor in deploying digital wallets and alternative-payment methods, finds a new survey from …

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Vantiv Buys Paymetric and other Digital Transactions News briefs

• Processor Total System Services Inc. (TSYS) reported its revenues grew 60.2% year-over-year in the first quarter, to $1.2 billion from $739.4 million. Net income attributable to common shareholders was $105.9 million, up 16.8% from $90.6 million. For 2017, the company is raising its total revenue and net revenue guidance by …

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Tying Digital Identity to the Blockchain and other Digital Transactions News briefs

• Merchant processor Elavon Inc. announced it has added online storefront technology from 3dcart for e-commerce merchants and online-ordering capability for the talech point-of-sale tablet. • Peer Ledger, a Canadian blockchain company, said a study it conducted shows digital identity can be tied to the blockchain, the technology underlying cryptocurrencies such as Bitcoin. …

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Set on Claiming a Big Piece of the P2P Pie, Zelle Touts Members’ Volume Already in Hand

Financial institutions are determined not to be left behind as mobile person-to-person payments gain popularity and non-bank players invade the market. On Monday, Early Warning Services LLC, a company controlled by some of the nation’s biggest banks, said its Zelle P2P service has grown to include 20 banks and credit …

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Bill Would Fund Trump’s Border Wall With a 2% Tax on Remittances to 42 Jurisdictions

While President Donald J. Trump has promised to build a wall along the southern U.S. border to stop illegal immigrants and have Mexico pay for it, an Alabama Congressman’s bill would provide financial support from people in the U.S. sending funds to Mexico and 41 other countries or territories. And …

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Merchants Begin to Ponder the Possible Impact of Faster-Payments Initiatives

As the sweeping plan to update the U.S. automated clearing house network and other parts of the country’s payments system—an initiative known as faster payments—draws nearer, the first hints of what it could mean for merchants are being discussed. The faster-payments project, under the aegis of the Federal Reserve, will …

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Amends Made, Green Dot Appoints a Formerly Hostile Investor as a Board Advisor

Ten months after prepaid payments specialist Green Dot Corp. made amends with investor Harvest Capital Strategies LLC over a dispute about the company’s direction, Green Dot is adding a Harvest executive as an observer and advisor to its board of directors, the company announced Monday. Pasadena, Calif.-based Green Dot says Jeffrey …

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With Its Surprise Higher Bid, Euronet Tries To Step on Ant’s Plan To Acquire MoneyGram

Euronet Worldwide Inc., owner of the Ria money-transfer service, early Tuesday announced a $1 billion bid to acquire Dallas-based MoneyGram International Inc. Euronet’s unexpected bid casts a cloud of uncertainty over the $880 million buyout offer China-based Ant Financial Services Group submitted for MoneyGram in January. Leawood, Kan.-based Euronet called …

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In the Wake of Euronet’s Bid, Ant “Remains Highly Committed” to Its MoneyGram Buyout

Ant Financial Services Group issued its first comments late Tuesday on Euronet Worldwide Inc.’s surprise $1 billion bid earlier in the day for MoneyGram International Inc., the wire-transfer provider for which Ant Financial bid $880 million in January. “Ant Financial remains highly committed to the consummation of our merger with …

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Eye on ATMs & Kiosks: Making the Card-Before-Cash Switch; Kiosks at McDonald’s

As the U.S. payments industry continues its massive migration to EMV, issues here and there, such as payment cards being left behind in ATMs, pop up. About six months after INTRUST Bank completed its ATM EMV conversion a year ago, the problem of unrecovered cards started, says Joe Morin, ATM …

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Digital Transactions