Digital Transactions Authoritative, insightful and timely information for payments professionals
AmEx’s Discount Revenues and Profits Rise on Healthy Cardholder Spending
Strong cardholder spending generated higher discount revenue and contributed to a 22% profit increase at American Express Co. in the third quarter. AmEx late Thursday reported that U.S. card-billed business rose 10% to $194.6 billion from $176.4 billion a year earlier. International volume rose 5% to $100.1 billion, bringing AmEx’s total billed business to $294.7 …
PayPal Scores an AmEx Tie-Up And Notches a Strong Quarter, Though Challenges Loom
In a reversal of its past practice, PayPal Holdings Inc. began two years ago working with competitive and semi-competitive partners, and on Thursday it added the last major U.S. card network to that list by announcing a tie-up with American Express Co. PayPal executives also disclosed the company’s performance numbers for the third quarter, underscoring …
ACI’s Payments Hub Lands BMO Financial Group as a User
Payment processor ACI Worldwide Inc. reported Thursday that Toronto-based BMO Financial Group, the parent company of Bank of Montreal and Chicago’s Harris Bank, has rolled out ACI’s payments hub, which can connect banks to real-time payment services. The rollout took nine months, which BMO and Naples, Fla.-based ACI characterized as quite fast. “The launch of …
Eye on Point of Sale: Contactless Test at Jimmy John’s And eTouchMenu’s POS Terminal Choice
As the payments market, led by the card brands, preps for a potential increase in contactless transactions, sandwich chain Jimmy John’s is testing acceptance of EMV contactless payments. Announced Thursday, the test will use a Verifone Systems Inc. Engage P400 device at an undisclosed number of Jimmy John’s locations, Verifone said in a press release. …
Visa And Mastercard Announce Moves to Ease And Secure Online Commerce
Concepts like tokenization, biometrics, and secure e-commerce have attracted much attention in recent years, and in the past couple of days the nation’s two major payments networks have moved to bring concept closer to reality for online payments. Visa on Thursday announced a deal with Netflix Inc. to expand the online-entertainment giant’s use of Visa …
ControlScan Acquires Dunbar Cybersecurity and other Digital Transactions News briefs from 10/18/18
Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to include a signature panel on …