Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart When First Data Corp. last month formally let the world know it intends to make an initial public offering of stock, the massive processor said it plans to use the IPO’s proceeds to reduce its big debt load. Some experts said this could free up capital so …
Read More »Search Results for: card data
Cardtronics Preps for a Big Gulp of Recovery Work Ahead of 7-Eleven’s Exit
Retail ATM network operator Cardtronics Inc. says it has been preparing for the possible loss of its biggest merchant, convenience-store giant 7-Eleven Inc., for three years and will stick to its established growth plan to fill the impending hole now that that possibility has become a reality. Houston-based Cardtronics has …
Read More »U.S. EMV Conversion Boosts First Data’s Acquiring and Issuing Segments
By Jim Daly First Data Corp. on Wednesday reported modest second-quarter growth in its merchant-acquiring and issuer-processing segments thanks in part to the U.S. conversion to EMV chip card payments and reduced expense growth. In all, First Data reported a net loss of $26 million, a 24% improvement from the …
Read More »Eye on Earnings: MasterCard Touts ‘Agnostic’ Tech Approach; Vantiv Revenue Climbs
By John Stewart and Jim Daly With products like its MasterPass digital wallet, MasterCard Inc. has stepped up its efforts to stake a claim in the emerging market for digital payments. But the company is loath to commit itself too soon to any particular technology, according to the card network’s …
Read More »COMMENTARY: Tokenization, Misinformation, and the Benefits of Host Card Emulation
Tokenization is not a new concept. Yet, while the process has improved card security across a variety of industries, there still exists myriad misinformation about why it’s important and how to best implement it. I’m going to argue that an approach called host card emulation (HCE) is the safest and …
Read More »First Data Files for Its Long-Awaited IPO, Seeks To Pay Down Debt
First Data Corp. filed a registration statement Monday for an initial public stock offering, a long-anticipated move that the highly leveraged payment processor expects will help reduce its debt. The statement filed with the Securities and Exchange Commission does not say how many shares First Data plans to issue or …
Read More »An Exception to the Rule, SECU Issues PINs for Its EMV Cards, But Usage Is Another Story
The United States appears to be making steady progress in its conversion to the EMV chip card standard. Some 120 million chip cards were issued by the end of last year, a figure expected to balloon to 600 million by the end of 2015, according to the EMV Migration Forum, …
Read More »AmEx Joins Battle at Online Checkout With An ‘UnWallet’ Built for Its Cards
By John Stewart With Visa Inc. and MasterCard Inc. making headway with online merchants with their streamlined checkout services, it was only a matter of time before network rivals introduced their own versions. American Express Co. did just that Thursday, announcing what it is calling an “unwallet” to allow its …
Read More »Cardtronics To Lose Its Biggest Customer as 7-Eleven Shifts ATM Operations to Affiliate
By Jim Daly Retail ATM network owner and manager Cardtronics Inc. reported Tuesday morning that its biggest merchant customer, Dallas-based 7-Eleven Inc., picked a corporate affiliate to run its U.S. ATM fleet when the leading convenience-store chain’s 10-year placement contract with Cardtronics expires in July 2017. 7-Eleven accounted for 17.5% …
Read More »Europeans Ahead of Americans With Contactless Payments, Visa Europe Data Indicate
New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …
Read More »