Digital Transactions Authoritative, insightful and timely information for payments professionals
n In a related move, Shazam is also testing applications written for both the iPhone and Android mobile operating systems that will let store staffers move away from checkout counters and use mobile devices to complete PIN-debit transactions anywhere on the sales floor. These apps will also become available …
Read More »Search Results for: merchants
A Treasury Audit Criticizes the IRS About New Merchant-Reporting Requirements
n n n n n n n n n
Read More »In a Shareholder Letter, S1 Seeks Support for Fundtech Deal And Fires Back at ACI
The heated rivalry between payment-software firms S1 Corp. and ACI Worldwide Inc. for the loyalty of S1’s shareholders took on yet more urgency on Monday as S1 urged owners of its shares to reject an offer from ACI. In a letter to shareholders seeking proxies in support of a proposed …
Read More »In Buying Access to Money, Cardtronics Will Get Access to 10,350 More ATMs
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 …
Read More »By Going Directly to S1’s Shareholders, ACI Hopes to Scuttle Fundtech Deal
ACI Worldwide Inc.’s effort to acquire rival payments-software firm S1 Corp. took a more hostile turn on Monday when ACI said it will go directly to S1’s shareholders, asking them to scuttle a proposed merger between S1 and Fundtech Ltd. The move by Elkhorn, Neb.-based ACI, spelled out in …
Read More »A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »Visa Tries To Juice EMV And Mobile Payments with New Initiatives
Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
n n n n n n n n n
Read More »Eschewing ‘Participation’ Fees, MasterCard Will Sweet-Talk Debit Issuers One by One
n n n n n n n n n n
Read More »S1 Spurns Takeover Offer from ACI, But ACI Says It Won’t Back off
n As it did July 26 when it announced its takeover offer for S1, ACI also said it is “prepared to do what is necessary to make this [transaction] happen.” The ACI statement did not elaborate. Some observers speculate the Elkhorn, Neb,-based software company will return with a sweetened …
Read More »