Capping a wave of recent acquisitions, non-bank ATM network owner and manager Cardtronics Inc. announced late Monday that it had struck a definitive agreement to buy Access to Money Inc., a retail ATM network operator with 10,350 U.S. machines under management. Houston-based Cardtronics will pay $21.2 million in cash …

  n n n n n n n n n n  

  Keeping a Wary Eye on the Networks   Forget about Google and PayPal. Merchant acquirers are more worried about competitive threats from their long-time spouses by forced marriage, the payment card networks.   That intelligence comes from an Aite Group LLC survey of 20 industry executives, including 17 chief …

n by Steve Mott   While most observers have viewed Visa’s recent string of acquisitions as a mere broadening of its conventional card franchise, a long-time analyst of the payments business sees a clever play for dominance of the digital future.   Just when the U.S. payments industry appears poised …

  Three years after introducing a joint venture aimed at processing automated clearing house transactions between the two banks, Wells Fargo & Co. and Bank of America Corp. have abandoned the operation, which they called Pariter. “It will shut down over the next few weeks,” a Wells spokesperson tells Digital …

n Visa Inc. announced on Wednesday a digital wallet aimed at increasing its share of transactions in mobile payments, e-commerce, and at the point of sale. n The digital wallet will store all the payment cards in a consumer’s wallet, including non-Visa branded cards, Jim McCarthy, Visa's head of global …

  Networks   Linda Punch In 2006, the No. 2  card network went public, untethering itself from decades of bank ownership. Has it worked?   What a difference an IPO can make. In the five years since it offered its stock to the public, MasterCard Inc., the world’s second-largest card …

E-Commerce Peter Lucas Gateways have always had to reinvent themselves. Now, with e-commerce returning to double-digit growth and mobile payments poised for takeoff, they have to do it again—and this time with more competition than ever. Since their inception about a decade ago, gateways have marketed value-added services, such as …

Endpoint What gives? The global payment card networks are attempting to gain closed-model benefits while remaining open. Vertical integration and emerging players are redrawing the traditional boundaries between networks and other payments players. It can be confusing, but it will ultimately add value to the business, says Eric Grover. Eric …

Visa Inc. and electronic-commerce fraud-control and gateway services provider CyberSource Corp. on Monday introduced an enhanced risk-scoring service for online merchants, the first major jointly developed product from the two since Visa bought CyberSource last year. The service will augment CyberSource’s existing risk-assessment system by bringing in data from the …