Thursday , April 19, 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.

Venture-Capital Firms Place Their Bets on Bitcoin Merchant-Services Provider BitPay

Law-enforcement agencies and government regulators may be skeptical of, if not outright hostile to, the Bitcoin virtual currency, but at least a few investors have a different attitude. Witness this week’s announcement by BitPay Inc., a processor that provides Bitcoin services to merchants. Atlanta-based BitPay said it had raised $30 …

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Vantiv Announces Plans To Buy Mercury Payment Systems for $1.65 Billion

Payment processor Vantiv Inc. announced late Monday that it has struck a definitive agreement with the majority owner of tech-oriented independent sales organization Mercury Payment Systems LLC to buy Mercury for $1.65 billion in a debt-funded transaction. Durango, Colo.-based Mercury is suspending plans it disclosed in late March for an …

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Chase To Discontinue Its Blink Contactless Card, But It’s Unlikely To Slow EMV Migration

Citing little enthusiasm by either consumers or merchants for contactless card payments, JPMorgan Chase & Co. has quietly begun informing cardholders that it is discontinuing its blink contactless program. While at first glance blink’s demise seems like a setback for chip-based card payments in the United States, it is unlikely …

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Chicago Test of Mobile Payments for Parking Accelerates Into Massive City Rollout

The private operator of Chicago’s 36,000 parking meters announced Tuesday that drivers will be able to pay with mobile phones at all of the city’s metered street spaces later this summer. The expansion reportedly makes Chicago the biggest market for mobile parking payments in the country and comes just three …

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American Express Adds Wal-Mart to the Distribution Network for Its Serve Prepaid Card

American Express Co. deepened its prepaid card relationship with Wal-Mart Stores Inc. with Monday’s announcement that its Serve card will be sold in 4,100 U.S. Walmart-branded stores. The Walmart stores also will become part of Serve’s cash-reload network, boosting its location count to 19,500. Serve’s thus will become the biggest …

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Shazam, Co-Op and CU24 License Visa’s Identifier for EMV Debit Card Transactions

The Shazam Network on Wednesday reported that it had licensed Visa Inc.’s so-called common application identifier (AID), the third such announcement of a new Visa user in just over a week by a electronic funds transfer network. The additions of Shazam and credit-union networks Co-Op Financial Services and CU24 mean …

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With MintChip for Sale, Can Digital Currencies Outlast S&H Green Stamps?

In the wake of Bitcoin’s continuing problems with price volatility and unstable processors, the future of virtual currencies got even cloudier over the past week on news that the Royal Canadian Mint plans to sell its MintChip digital-currency system.   Rumors that MintChip was on the block had been circulating …

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NACHA Unveils Opt-In Program To Reduce Exceptions in ACH Bill Payments

In a further escalation of its war on costly bill-payment exceptions, automated clearing house governing body NACHA on Monday announced a new program that will convert erroneous electronic bill payments that otherwise would go through as paper checks into ACH transactions with a new field where the biller can enter …

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Star Strikes Deal with MasterCard in the Latest Common AID Pairing

After a string of news from Visa Inc. about partnerships with electronic funds transfer networks to facilitate debit transactions with chip cards, MasterCard Inc. got back in the game Thursday with the announcement that First Data Corp.’s Star network will use MasterCard’s so-called common application identifier (AID). n Visa has …

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Banks That Sued Trustwave and Target Have Second Thoughts and Withdraw Lawsuit

Two banks that sued Target Corp. and data-security services provider Trustwave Holdings Inc. in the wake of Target’s massive data breach have withdrawn their federal lawsuit after filing it only a week ago, leaving payments-industry observers wondering why they brought the action in the first place. In separate motions filed …

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