Saturday , June 23, 2018

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Eye on Contactless: Mobeewave Eyes Small Canadian Merchants; U.K. Payments Double

Canadian fintech Mobeewave could see its contactless-payment service for Samsung smart phones expand thanks to a new agreement with National Bank of Canada. And this week a British financial trade group announced that contactless payments in the United Kingdom jumped 97% in 2017. Dubbed National Bank Easy Pay, the service …

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PayPal Opens Its Wallet Again, This Time To Buy Hyperwallet for $400 Million

Its pending $2.2 billion acquisition of Sweden’s iZettle still awaits final approval, but that didn’t stop PayPal Holdings Inc. from announcing late Tuesday that it has a deal to buy payout provider Hyperwallet for $400 million in cash. San Francisco-based Hyperwallet is an international specialist in provisioning payments, commissions, and …

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Survey Identifies Emerging Anti-Fraud Tools Favored by E-Commerce Merchants

The fraud-fighting tools of the future for e-commerce retailers include artificial intelligence, multimerchant velocity checks, and fingerprint identification, according to a poll of 166 merchants for the Federal Reserve Bank of Minneapolis. None of those newer tools is in widespread use today, but more merchants plan to use them going …

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Electronic Payments Coalition Says Retailers Should ‘Pull Their Weight’ To Improve Payments

A lobbying group of payment networks and card issuers released consumer survey results Monday that it says show merchants should “step up and catch up” regarding payment card security and innovation. “Time and time again, retailers have shown they are more interested in cutting their own costs instead of making …

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Eye on Small Merchants: Wells Simplifies Pricing; First Data Trumpets Clover

Wells Fargo & Co. this week disclosed a simplified point-of-sale pricing plan for small card-accepting merchants, while First Data Corp. touted the strong growth in its Clover line of payment technology for small businesses. At San Francisco-based Wells, which has a joint merchant-processing venture with First Data and is one …

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First Data’s Star Debit Network Plans To Challenge Visa and Mastercard for Signature Transactions

Payment processor First Data Corp.’s Star debit network is poised to aggressively challenge Visa Inc. and Mastercard Inc. for a share of the signature-debit market that the global networks have dominated since signature debit became a payment option more than 20 years ago. Star gained a potentially big foothold in …

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The MAG’s Horwedel Prepares To Step Down as CEO

Mark Horwedel, chief executive of the Merchant Advisory Group, an association of more than 100 of the nation’s biggest merchants that concerns itself with payment issues, plans to step down at year’s end. Replacing him will be John Drechny, chairperson of the group’s board of directors and currently senior director …

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VeriFone’s Revenues Slip as Acquisition by Francisco Partners Nears

In what could be its final earnings report as a public company, point-of-sale terminal maker and online payment technology provider VeriFone Systems Inc. reported Friday that its revenues for the quarter ended April 30 fell 7.5% from a year earlier, but its quarterly loss narrowed considerably. San Jose, Calif.-based VeriFone …

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USAA Sues Wells Fargo Over Remote Deposit Capture Patents

USAA, the big insurance company and bank serving current and former military members and their families, filed a federal lawsuit Thursday accusing Wells Fargo Bank of infringing on four of its mobile remote deposit capture patents. The lawsuit, filed in U.S. District Court in Marshall, Texas, asks for unspecified damages. …

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The Electronic Payments Coalition Takes a Potshot at the New Secure Payments Partnership

A lull in the longstanding war of words between merchants and the global payment card networks came to an end with the creation Thursday of the Secure Payments Partnership, an advocacy group of retailers and PIN-debit networks. On Friday, the Electronic Payments Coalition, a Washington, D.C.-based lobbying organization led primarily …

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