Monday , January 22, 2018

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

Visa’s Scharf Feels No Love for the ACH, But Is His Sentiment Based on the Facts?

Visa Inc.’s disdain for the automated clearing house as a competing payments network has been a given for years, but never did it come into focus more than it did last week when the giant card network announced its wide-ranging agreement with PayPal Holdings Inc. The deal smoothed over a …

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A Sweeping Deal With Visa Allows PayPal To Make Another Run at the Physical POS

For years, PayPal Holdings Inc. has struggled to bring its popular online payment product to the physical point of sale, and now a deal announced Thursday with Visa Inc. may help the company finally realize that ambition. The sweeping, multiyear agreement could also represent a thaw in what have often …

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In the Face of the National ‘Pays,’ Some Small Institutions Hedge Their Bets

Few observers are surprised big banks like Capital One Financial Corp., JPMorgan Chase & Co., and Wells Fargo & Co. are getting into the mobile-wallet market, but what about smaller financial institutions like credit unions and community banks? While some might figure the small players will fall into the arms …

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Telcos Fade Even Further From the Mobile-Wallet Scene With the Collapse of Suretap

The failure of Suretap Wallet L.P., the Canadian mobile-payments service controlled by five telecommunications companies, raises further questions about the role, if any, telcos will play in this business, experts tell Digital Transactions News. Suretap, which announced Friday it will shut down effective Aug. 26 after barely more than a …

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Facing an Array of Wallet Rivals, MasterCard Launches a Revamped Masterpass Service

MasterCard Inc. on Thursday rolled out a revamped Masterpass digital wallet it clearly hopes will out-compete offerings from technology titans like Alphabet Inc., Apple Inc., and Samsung Electronics Co. Ltd., all of which have come into the market since Masterpass’s capability the original wallet had at its launch, though it …

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Bitcoin’s ‘Halving’ Poses a Threat to Miners, But It’s One That Could Resolve Itself

Bitcoin watchers held their breath over the weekend when the celebrated “halving” took place, abruptly chopping in half the incentive those who produce Bitcoin receive and raising questions about the impact the event would have on the 7-year-old cryptocurrency. The halving, which is part of Bitcoin’s basic code and so …

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In Acquiring, a Slow Pace of Change Masks Rapid Run-up in Growth for Newer Models

The acquiring business is accustomed to a slow rate of change, but that deliberate pace is masking radical underlying shifts in how merchants handle payments and whom they deal with for processing services, according to research at First Annapolis Consulting, Annapolis, Md. Change comes so slowly in this business that …

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Wal-Mart Completes Its Rollout of Walmart Pay to All 4,000-Plus U.S. Stores

Wal-Mart Stores Inc. on Wednesday announced its Walmart Pay mobile wallet is now available in all of its 4,612 U.S. stores in all 50 states. The rollout’s completion comes about seven months after the Bentonville, Ark.-based retailing behemoth introduced the product and about 10 weeks after first making the app …

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Breach Epidemic May Fuel Fraud, But It’s Also Driving a Search for Password Alternatives

The password is one of the oldest authentication tools known to man, and now it is rapidly becoming the least respected among security experts for use online or in-app. Consumers’ use of easily guessed codes, coupled with a recent barrage of data breaches, has these experts predicting passwords will fade …

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An Appeals Court’s Decision Puts Interchange in Play, With an Unpredictable Outcome

The sweeping 4-year-old settlement between card networks and banks on the one hand and merchants on the other, which the U.S. Court of Appeals for the Second Circuit overturned Thursday, covered a lot of ground. But the case the agreement grew out of had as its central focus credit card …

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