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.

Milestone: Global Payments Launched the VAR/ISV Trend Five Years Ago With its APT Buy

It didn’t get a lot of press at the time, but the acquisition by merchant acquirer Global Payments Inc. of Accelerated Payment Technologies in 2012 proved to be the starting point of big acquirers pairing up with integrated software vendors and value-added resellers to deepen their relationships with merchants. Atlanta-based …

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Payments Firms Cancel Accounts for White Supremacist Groups After Charlottesville Violence

In the wake of violent clashes last weekend between white supremacist groups and counter-demonstrators in Charlottesville, Va., payments companies are cutting off access to their systems that supremacist groups use to accept donations. Pressure on the payments firms began building not long after a female counter-demonstrator was fatally struck by …

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Rescue Bid From Digital-Payments Tech Firm Gives a Big Lift to Digiliti’s Stock

Digital-banking platform developer Urban FT Inc. disclosed early Wednesday that it has made a “compelling offer” for financially troubled Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks. News of the all-cash offer, whose size wasn’t disclosed, sent Digiliti’s beaten-down stock soaring on the Nasdaq …

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The NRF Expects Eight in 10 Small Retailers To Have EMV Terminals by Year’s End

Smaller retailers haven’t yet closed the EMV-acceptance gap with big ones, but they are making progress on installing EMV chip card readers at the point of sale, according to findings from a recent survey for the National Retail Federation. The online poll found that 60% of small brick-and-mortar retailers had …

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Remote-Capture Tech Provider Digiliti Might Restate Financials, Considers Bankruptcy

The news just keeps getting worse for Digiliti Money Group Inc., a small fintech company that provides remote deposit capture software and services for banks and credit unions. On Monday, Digiliti said it is considering “strategic options” that include a sale of the company or a Chapter 11 bankruptcy filing. …

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International Processor Planet Payment Could Find Itself in the Orbit of a New Owner

Planet Payment Inc., a specialist processor focused on multi-currency and related international payment services, this week said it has begun “a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value,” a process that could result in the sale of the company. The review also could result …

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Cyberattacks Doubled in Just Two Years, Authentication Provider Says

ThreatMetrix Inc., a provider of digital-identity and authentication services, reports that its network detected and stopped 144 million cyberattacks in the second quarter, a 100% increase from 2015’s second quarter. ThreatMetrix says its Digital Identity Network from April through June also stopped 300 million bot attacks in which hackers take …

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Vantiv To Take Worldpay’s Name In a Merger That Will Create a Global Acquiring Powerhouse

After two delays, processor Vantiv Inc. and London-based merchant acquirer Worldpay Group plc finally announced a formal deal Wednesday that has Vantiv acquiring Worldpay in a deal that creates a global processing powerhouse. The cash and stock deal values Worldpay at $12 billion, a 34% premium to Worldpay’s six-month volume-weighted …

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Transactions Bloom on First Data’s Clover Devices, but Merchant-Acquiring Ventures Lag

First Data Corp. executives Monday highlighted rapid growth in the processor’s Clover Network line of tablet-based point-of-sale devices, and also said attrition has come down significantly among small merchants. Not so hot are First Data’s joint merchant-acquiring ventures with big banks, but the company insists their revenue softness is only …

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First Data and Fleetcor Technologies Scuttle Their Planned Prepaid Pair-Up

Citing possible regulatory hurdles, payment processor First Data Corp. and commercial payments provider Fleetcor Technologies Inc. disclosed Thursday that they have canceled the planned joint venture they announced in March to consolidate their gift card businesses. “While both companies believe the proposed joint venture would provide significant benefits to customers …

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