Atos, parent company of France-based processor Worldline S.A., said Worldline has a deal with payment processor First Data Corp. to buy First Data’s subsidiaries in Lithuania, Latvia, and Estonia, collectively known as First Data Baltics, for €73 million ($85.1 million) in cash. The acquisition comes little more than a week …
Read More »Search Results for: prepaid debit
Gift Cards Recover Their Momentum
Gift cards issued by retailers are heating up, according to the latest research from Mercator Advisory Group. Total loads grew 6% in 2016 to reach $133.9 billion, according to Mercator’s Ben Jackson. That performance follows a decline in loads the year before. The research, which covers closed-loop gift cards as …
Read More »Finally, A P2P Payments Service for Apple Pay
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and last month, the computing giant obliged. Without adding much detail, Apple announced that users of its Messages feature will be able to …
Read More »Preaching to the Wrong Choir
Republican backers of repeal of the Durbin Amendment lost a key battle this spring because they concentrated their arguments on Congressmen and financial institutions. Success in the future will depend on firing up consumers, argues Eric Grover. On June 8, the House of Representatives passed the Financial Choice Act, albeit …
Read More »Amazon’s New Prime Reload Service Could Crimp Card Issuers in Two Ways
By Peter Lucas @DTPaymentNews With the launch of its Prime Reload rewards service, Amazon.com Inc. has positioned itself to deal a serious blow to bank card issuers’ revenues earned from interchange on Amazon.com purchases, and limit the visibility banks have into their cardholders’ behavior on the e-commerce giant’s Web site. …
Read More »Wal-Mart Entices Credit Card Applicants With Instant Access Via Walmart Pay
Wal-Mart Stores Inc. is giving customers another reason both to take its credit cards and use its Walmart Pay mobile wallet by enabling new cardholders to use their credit accounts immediately upon approval via Walmart Pay rather than having to wait for a plastic card to come in the mail. …
Read More »Washlava Spins a New Way To Pay for, And Use, Laundry Services
Consumers have a new way to get, and pay for, clean clothes with the debut of Washlava. As announced this week, Washlava offers consumers a smart-phone app they can use to reserve washers and dryers, and then pay for that use. The service, another indicator of the increasing incidence of …
Read More »Gift Cards Are Growing Again, Reaching Almost $134 Billion in Loads Last Year
Gift cards issued by retailers are heating up, according to the latest research from Mercator Advisory Group. Total loads grew 6% in 2016 to reach $133.9 billion, Mercator’s Ben Jackson tells Digital Transactions News. That performance follows a decline in loads the year before. The research, which covers closed-loop gift …
Read More »Confirming Months of Rumors, Apple Announces a P2P Service Tied to Apple Pay And iMessage
Payments observers have expected Apple Inc. to add person-to-person payments to its Apple Pay mobile-payments service for almost as long as the mobile wallet has been available, and on Monday, the computing giant obliged. Without adding much detail, Apple announced that users of its iMessage feature will be able to …
Read More »For Payments Players, Not Much Cause for Optimism in the Age of Trump, Analysts Warn
While much of the corporate world has high hopes for a business-friendly bent from the Trump Administration, two policy analysts on Wednesday poured cold water on some of the payments industry’s fondest hopes for regulatory relief. One such hope, to scrap a 1,689-page rule regulating prepaid cards, was sinking fast …
Read More »