Monday , December 10, 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.

Green Dot Says It’s the Go-Between in the New Walmart-PayPal Cash Service

When retail giant Walmart Inc. and PayPal Holdings Inc. announced nearly a month ago that PayPal customers will be able to withdraw cash from, and deposit cash into, their accounts at U.S. Walmart stores, a major partner in that service wasn’t mentioned. On Wednesday, prepaid card services provider Green Dot …

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Predicted Contactless-Card Boom Remains Just That for Card Manufacturer CPI Card Group

Despite predictions of an upsurge in contactless payment cards, so-called tap-and-go cards have yet to generate much revenue for a major U.S.-based card manufacturer, CPI Card Group Inc. Such cards are often called dual-interface cards because they support both contact EMV chip card transactions at point-of-sale terminals as well as …

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Ingenico Sacks Its CEO As It Considers ‘Strategic Options’

Point-of-sale terminal maker and payment processor Ingenico Group on Monday announced an executive shakeup that saw long-time chairman and chief executive Philippe Lazare replaced by the former CEO of Visa Europe. Lazare’s replacement and other boardroom changes come shortly after the Paris-based company said it was exploring “strategic options” in …

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Mitek Rejects ASG’s ‘Underwhelming’ Buyout Offer

Mitek Systems Inc. reported early Monday that its board of directors “unanimously rejects” last week’s unsolicited buyout offer from business software firm ASG Technologies Inc., saying it “is not in the best interests of Mitek’s shareholders.” Today’s announcement is no surprise. Chairman Bruce Hansen on Thursday signaled that he and …

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Eye on Mobile: Apple Pay’s Growth Surge Continues; Mitek Cool to Buyout Offer

Apple Pay continues to gain strong adoption, Apple Inc. chief executive Tim Cook reported Thursday. Also on Thursday Mitek Systems Inc., a small but prominent provider of software for mobile remote deposit capture and identity verification, gave a decidedly cool response in its first comments about a $425 million buyout …

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Software Firm Tries Again To Buy Mitek Systems

Software developer ASG Technologies Group Inc., a portfolio company of the hedge fund Elliott Management Corp., on Wednesday announced a $425 million offer to buy Mitek Systems Inc., a leader in the mobile remote deposit capture software market that also provides identity-verification and related applications. San Diego-based Mitek issued no …

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NCR’s New CEO Started Eyeing Payments Soon After Taking the Company’s Reins

Payment processing is something NCR Corp. president and chief executive officer Michael D. Hayford thought the ATM manufacturer and point-of-sale software provider should add to its menu of services since he took the company’s top post six months ago. He’ll get his wish if NCR’s $184 million deal to acquire …

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Mastercard CEO ‘Very, Very Optimistic’ About the Coming Common Buy Button for E-Commerce

Mastercard Inc. president and chief executive Ajay Banga says he’s “very, very optimistic” about the Secure Remote Commerce initiative to reduce clutter on online checkout pages. Banga’s comments came Tuesday morning as he reviewed Mastercard’s results for the third quarter, a period in which U.S. purchase volume rose 10.7% year-over-year …

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First Data Plans To Bring Its Popular Clover Platform to Full-Service Restaurants

First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …

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New CEO Says Payments Are a ‘Big Part’ of Discover’s Growth Strategy

Discover Financial Services’s lending operations dwarf its payments business, but payments nonetheless are an important component of the company’s growth strategy, new chief executive Roger C. Hochschild said Thursday. Hochschild, who joined Discover in 1998 and served as its president and chief operating officer for 14 years, this month succeeded …

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