Digital Transactions Authoritative, insightful and timely information for payments professionals
The rise of tokenization into a major payments business helps enable mobile services like Apple Pay and Android Pay. But it could also pose a threat to the financial institutions that have historically issued the majority of the cards consumers use most often. That threat lies in the fact that, …
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Digital Money on the Move
People on the move don’t wish to slow down to pay for gas or electric charges, tolls, parking, public transportation, or personal transportation (cabs, Uber). They also don’t want to pay fines for cutting through red lights, speeding, tailgating, and so on. Well, technology is stepping up to enable smooth, …
Read More »Is It Fatal—Or Merely a Disruptor?
The press is filled with dire warnings about a disruptor leading to the demise of the bank and card payments system. It is true that only a small portion of disruptive new entrants are fatal, but the fact that disruptors usually are not fatal doesn’t mean they aren’t damaging at …
Read More »ClearXchange Gaining Security Elements Following Purchase by Early Warning
ClearXchange, a bank-owned person-to-person payments company that launched a real-time payments service in June, says its merger with Early Warning Services LLC will assuage concerns about security as more consumers and financial institutions use the service. Scottsdale, Ariz.-based Early Warning announced Monday it will buy San Francisco-based clearXchange for …
Read More »Panelists Fret About the Effects of Dodd-Frank on Financial Innovation
The controversial Dodd-Frank Act scored just 20% in an impromptu popularity poll Sunday afternoon, with its only support coming from someone in the federal government. The quick straw poll was hardly representative as the mere five respondents were panelists at a conference for payments executives, but the results do reflect …
Read More »House Panel Hears How EMV Rings Up a Big Tab for Some Small Businesses
Implementing EMV chip card payments can be anything but a cheap and easy plug-and-play for small businesses, according to testimony several merchants gave before a U.S. House of Representatives committee Wednesday. Art Potash, chief executive of Potash Markets, a 65-year-old family-run Chicago grocery operation with three stores, told the House …
Read More »Diebold in Talks To By German ATM Maker Wincor Nixdorf for $1.8 Billion
Diebold Inc., the second-largest U.S.-based ATM manufacturer after NCR Corp., disclosed over the weekend that it is in discussions to buy Paderborn, Germany-based ATM maker Wincor Nixdorf AG. North Canton, Ohio-based Diebold issued a statement Saturday confirming that it has a non-binding agreement with Wincor Nixdorf “regarding the key parameters of …
Read More »Gemalto Brings Its ‘Dynamic Code Verification’ To the Fight Against Card-Not-Present Fraud
With the coming of EMV chip card payments to the U.S. point of sale on Oct. 1, merchants, merchant acquirers and credit and debit card issuers are bracing for an expected boom in card-not-present (CNP) fraud. Countless processors, payment gateways and tech companies have announced products and services meant to …
Read More »Merchant Acquirer TransFirst Takes Another Stab at an IPO
Add TransFirst Holdings Inc. to the growing roster of payments companies turning to the publicly traded stock markets to raise cash. The big merchant acquirer late Friday announced it filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering of stock. The filing, …
Read More »First Data Raises $2.5 Billion as it Re-Enters the Stock Market, but Investors Lukewarm
Processing titan First Data Corp.’s return to the stock market Thursday was met with a tepid response from investors in the Atlanta-based company. First Data, which turned to the market to raise money to pay off debt, priced its initial public offering late Wednesday at $16 per share, which …
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