Wednesday , January 17, 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.

Overwhelming Numbers of Consumers, Businesses Want IoT Security Regulations

Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …

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With New Anti-Fraud Systems in Place, WEX Says Skimming Losses Are Trending Down

After suffering a spike in fraud from skimmers on gas pumps earlier this year, fleet-fueling payment specialist WEX Inc. reported Wednesday that fraud losses are falling thanks to its new risk-control systems. “The steps we have taken to reduce losses fraud have started to pay off,” Roberto Simon, chief financial …

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Bank Joint Ventures Still Crimping First Data’s Merchant Unit

Most components of First Data Corp.’s massive merchant-acquiring machine performed well in the third quarter, and the company renewed its acquiring contract with Wal-Mart Stores Inc., the world’s largest retailer. But new merchant referrals from First Data’s joint ventures with three big U.S. banks remain problematic. “These businesses have remained …

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Irish Firm To Acquire Multi-Currency Processor Planet Payment for $250 Million

Two and a half months after announcing it was exploring strategic alternatives, international payment services provider Planet Payment Inc. reported late Thursday that it has a deal to be acquired by Galway, Ireland-based Fintrax Group, a multi-currency processor for international shoppers, for $4.50 per share in cash. The deal values …

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Small Merchants Boost Vantiv as the Processor’s Merger With Worldpay Draws Closer

As its merger with London-based merchant acquirer Worldpay Group plc gets closer, payment processor Vantiv Inc. reported Thursday that it saw strong growth in its merchant-acquiring segment in the third quarter, especially from small and mid-sized merchants. Symmes Township, Ohio-based Vantiv said net third-quarter revenues in its Merchant Services   segment …

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Visa Kicks Out Handsome Profits, but CEO Kelly Admits To Being ‘a Bit Paranoid’

The Visa Inc. transaction machine continued to spit out profits in the payment network’s final quarter of fiscal 2017, but chief executive Alfred F. Kelly doesn’t want anyone to think he ignores competitive threats such as the rise of China’s Alipay or real-time payment services from other companies. “I think …

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Americans’ ‘Password Hygiene’ Is Getting Worse, International Study Finds

Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

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Tokenization Gets a Boost as The Clearing House Signs on To Manage Mastercard Tokens

The Clearing House, a major player in U.S. payments, is getting deeper into the tokenization business through a new pact with Mastercard Inc. New York City-based The Clearing House and Mastercard announced Thursday that TCH has become a Mastercard-certified third-party Token Service Provider (TSP). As such, TCH will be able …

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Chase To Acquire WePay in a Play for ISVs and New Merchants

JPMorgan Chase & Co. is making a big move into the world of independent software vendors and payment facilitators with a planned acquisition of WePay Inc. that the nation’s largest bank announced late Tuesday. Redwood City, Calif.-based WePay develops payments-related application programming interfaces (APIs) for software developers to put into …

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Visa Invests in B2B Payments Provider Billtrust

Visa Inc. reported Tuesday that it has invested in Billtrust and is working with the business-to-business payments provider to streamline the reconciliation of B2B payments and increase the automation of virtual card payments for financial institutions and their corporate customers. The companies did not reveal the size of Visa’s investment, …

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