Saturday , January 19, 2019

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.

What a Difference a Year Makes: Consumer Sentiment Shifts Substantially Toward Tech Firms

With technology companies increasingly eyeing financial services, a survey from Brookfield, Wis.-based bank processor Fiserv Inc. indicates 55% of consumers feel comfortable using a company like Apple Inc. or Alphabet Inc.’s Google to pay bills, up from 40% in 2017. Thirty-nine percent would take out a loan from a tech-company service, …

Read More »

Eye on P2P: Venmo Jacks up Its Fee for Instant Transfers; BofA Touts Zelle Results

In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely made a misstep. But over the weekend the popular service said it will raise its fee from 25 cents to 1% for so-called instant transfers users make to move money from their Venmo account to …

Read More »

A Real-Time Bill-Payment Service From Mastercard Could Lure Biller-Direct Fans

After years of planning and deliberation, the payments industry is starting to announce services based on real-time processing. One of the first is Mastercard Inc., which on Wednesday unveiled a system that will allow consumers to view bills and then transfer funds to the billers within seconds. Experts see an …

Read More »

Getting Contactless Right Demands a Lot of Basic Blocking And Tackling, Expert Panel Says

It’s no secret contactless payments have struggled in the United States, but less discussed is what needs to be done to boost usage. A paucity of dual-interface cards—EMV plastic that can either be inserted into terminals or tapped on them—is much to blame, but it turns out the answer goes …

Read More »

TCH Looks to Connect Thousands of Banks for Real-Time Payments Within the Next Few Months

While the Federal Reserve Board mulls an entry into the business of real-time payments, a major competitor is already racking up impressive gains among U.S. financial institutions. The Clearing House Payments Co. L.L.C., the New York City-based company that, among other services, operates one of only two switches for the …

Read More »

In Effect Seven Years, Durbin’s Interchange Caps Still Roil the Waters of the Payments World

The debit interchange controls of the Durbin Amendment went into effect seven years ago Monday, and to mark the occasion the Electronic Payments Coalition issued its latest salvo in what appears to be a never-ending feud over that law. According to survey results released by the EPC, 52% of registered …

Read More »

Eye on Acquiring: Global Payments Ventures Into Fast Food; Shah Resigns As JetPay Chairman

Few businesses have been more targeted by the trend toward integrated payments than restaurants, and late on Thursday that trend unfolded further with Global Payments Inc.’s agreement to lay out $490 million in cash for Sicom Systems Inc., a Lansdale, Pa.-based developer of both front- and back-of-the-store management systems for …

Read More »

Cash-Based Online Payment Service PayNearMe Adds Card And ACH Options

For nine years, PayNearMe has focused on enabling consumers without access to payment cards to make cash payments for online goods at point-of-sale terminals in what has grown to a network of some 27,000 merchant locations. On Thursday, the Sunnyvale, Calif.-based company said it now can process credit, debit, and …

Read More »

EBay Starts Managing Payments And Looks to Add a ‘Majority’ of Sellers by 2021

EBay Inc. on Tuesday announced it has “begun managing payments” on its massive marketplace and said it expects to have a “majority” of sellers converted to the new program by 2021. Under the new payments regime, sellers will encounter lower transaction costs, eBay’s announcement said, though it did not offer …

Read More »

Fiserv Looks for Synergies in Its $690 Million Deal to Buy U.S. Bancorp’s Debit And ATM Assets

U.S. Bancorp is selling its ATM managed-services and debit-servicing businesses to Fiserv Inc. for a price that the parties say is “approximately” $690 million. The assets Fiserv is acquiring, which are part of U.S. Bancorp’s Elan Financial Services unit, also include the MoneyPass surcharge-free ATM network, which links 33,000 machines …

Read More »