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Eschewing ‘Participation’ Fees, MasterCard Will Sweet-Talk Debit Issuers One by One
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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 »First Checks, Now Cards: How Entrepreneurs Are Harnessing Cameras for Payments
n Jumio Inc., a startup based in Mountain View, Calif., this week introduced a system that lets consumers scan credit and debit cards using the Webcam built into many PCs. The launch follows a similar application introduced earlier this year by Card.io, San Francisco, that lets mobile phones scan …
Read More »ACI Announces a $540 Million Bid for S1, Casting a Shadow over S1’s Fundtech Deal
In a surprise development that has the potential to scuttle a merger agreement between payments-software firms S1 Corp. and Fundtech Ltd., ACI Worldwide Inc. on Tuesday announced a cash-and-stock bid valued at $540 million to acquire its Atlanta-based rival S1. If the deal is consummated, it will combine two …
Read More »Brand Protection, Internal Threats Emerge Among Chief PCI Preoccupations
Fear of the damage that a data breach can inflict on a brand, rather than of network fines, drives organizations to invest in compliance with the Payment Card Industry data-security standard (PCI), a study released on Tuesday says. Some 69% of the mostly online organizations surveyed cited brand protection …
Read More »As Fed Debit Rule Sinks in, Merchant Class Action Grinds Toward Trial
Now that the Federal Reserve’s new debit card interchange regulations are finally out in the open, the profile of yet another payment card interchange and rules controversy is slowly rising. That’s the raft of merchant antitrust lawsuits pending in U.S. District Court in Brooklyn, N.Y., collectively known as “MDL 1720.” …
Read More »Opinion & Analysis: What Visa Is up to
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 …
Read More »The Rise of the Quasi-Merchant
Purveyors of card-acceptance services for mobile phones are booking merchants by the hundreds of thousands. But many of these merchants present underwriting risks and generate little charge volume. Are they worth it? By Jim Daly Everyman a merchant? Thanks to smart phones and aggressive merchant processors such …
Read More »In a P2P Play, Fiserv Snaps up CashEdge for $465 Million in Cash
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