Thursday , April 25, 2024

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.

Shopify Launches a Brand Campaign That Could Give It Some Consumer Awareness

Merchant-services platform provider Shopify Inc. on Monday launched its first North American brand campaign, a marketing effort aimed at entrepreneurs that could have the side effect of making Shopify one of those rare payment processors that has a modicum of brand recognition among consumers. The reason for that is that …

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Its IPO Document Shows the Massive Extent of Uber’s Card Business

Uber Technologies Inc. doesn’t say a lot about its payment strategy in the registration statement it issued Thursday ahead of its highly anticipated initial public offering of stock, but the filing does reveal the ride-share leader is an enormous generator of payment card volume and card-acceptance fees. The statement says …

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Visa To Lower Its Chargeback and Fraud Ratios for Merchants in October

Visa Inc. will lower its merchant dispute and fraud ratios in October. Merchants that exceed the revised ratios could be placed in monitoring programs meant to control risk. Visa hasn’t announced the new standards publicly, but has informed the merchant-acquiring community. Digital Transactions News obtained some of the key new …

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Retailers Riled up About Regulated Debit Interchange as Authorization Costs Decline

A prominent merchant group says that in the face of declining authorization, clearing, and settlement costs, it is time for the Federal Reserve to lower its regulated debit card interchange rate. The Retail Industry Leaders Association issued its call after the Fed last month released its latest bi-annual study of …

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Investor Lawsuit Challenges Planned Fiserv-First Data Merger

A First Data Corp. shareholder filed a proposed class-action lawsuit Wednesday challenging the planned acquisition of the payment processor by Fiserv Inc. The $22 billion all-stock merger benefits First Data’s controlling shareholder, the investment firm Kohlberg Kravis Roberts & Co., “to the detriment of the company’s noninsider stockholders,” says the …

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C-Stores Saw Card-Acceptance Costs Rise Faster Than Sales in 2018

Convenience stores saw their payment card acceptance costs rise nearly 10% in 2018 even though sales increased only 9%, according to data reported Wednesday by the trade association NACS. NACS, formerly known as the National Association of Convenience stores, says credit and debit card fees paid by its members rose …

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Payments Companies Get off to a Strong Start on Wall Street in 2019

Publicly-traded payments companies once again have rewarded their investors, with a basket of shares from 29 firms posting a mean, or average, return of 23.6% in the first quarter to handily beat three major market indexes, according to Chicago-based Barrington Research Associates Inc. The market is rebounding in 2019, with …

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Nearly a Third of Americans Don’t Mind Mailing a Check to the Government for Taxes Owed

April is a month when most Americans think about taxes. It turns out that a surprising number of them—29%—would rather mail a check to the government than use electronic methods. That’s the word from payment technology provider ACI Worldwide Inc., which in March commissioned YouGov Plc, a global research firm …

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ISO Buyers Looking for Balanced, Low-Attrition Portfolios, Finance Exec Says

The economy is still humming along, but that doesn’t mean independent sales organization owners and executives are having an easy time finding capital when they need or want it. “The credit markets are tight for the payments-industry space,” Jon Engleking, chief operating officer at Super G Capital LLC, said this …

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Payments Firms Need To Keep Their Eyes on Regulators And the States, ETA Lobbyist Says

Regulators and the states currently are more active than Congress on issues affecting the payments industry, according to the Electronic Transactions Association’s point person on governmental affairs. The divided Congress probably won’t pass any major payments-related legislation before the 2020 elections, says Scott Talbott, a senior vice president at the …

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