Monday , July 22, 2019


July, 2019

  • 19 July

    AmEx Posts a 6% Jump in Global Discount Revenue As Overall Revenue Rises 8%

    American Express Co. on Friday reported worldwide discount revenue of $6.58 billion for the quarter ended June 30, up 6% year-over-year. Discount revenue accounted for fully 61% of total revenue net of interest expense, which came to $10.84 billion, up 8%, the New York City-based card network reported. AmEx’s worldwide …

  • 19 July

    Allied Wallet Settles With the FTC and other Digital Transactions News briefs from 7/19/19

    The Federal Trade Commission said payment processor Allied Wallet, its CEO and owner Ahmad “Andy” Khawaja, and two company officers agreed to settle FTC charges that they assisted numerous scams by knowingly processing fraudulent transactions that took more than $110 million from consumers’ account.The two-day Amazon Prime Day event this week sold more than 175 …

  • 18 July

    Despite Lawmakers’ Hostility, Patience Could Pay off for Facebook And Libra

    Facebook Inc. and its proposed Libra cryptocurrency took a beating this week on Capitol Hill, but the outlook for the new coin—and its Calibra wallet—may be more nuanced than that reception would seem to indicate. The skepticism toward Libra was bipartisan, with Senators and Representatives of both major parties raking …

  • 18 July

    A Talk with Paysafe

    The following is an interview conducted by Bob Jenisch Publisher of Digital Transactions with Denise Tahali of Paysafe. While Paysafe has roots dating over 20 years, particularly in Canada and Europe, can you describe Paysafe’s strategy in the U.S.? Over the past five years, we have significantly expanded our footprint …

  • 18 July

    Urban FT’s Deal for CFC Technology Is a Bid To Reach Smaller Banks

    Urban FT Group Inc. announced the acquisition of CFC Technology Group LLC, a remote deposit capture provider, a move Urban FT says will boost its presence among smaller financial institutions. Terms were not disclosed. New York City-based Urban FT says CFC works with more than 800 institutions and thousands of …

  • 18 July

    Volume on eBay’s New Managed-Payments Platform Grows

    Online marketplace eBay Inc. saw further growth on its new, post-PayPal managed-payments platform in the second quarter despite a decline in gross merchandise volume. San Jose, Calif.-based eBay on Wednesday said the platform accounted for more than $270 million in GMV in the June-ending quarter, up 24% from the first …

  • 18 July

    Fiserv-FDC Deal Clears a Regulatory Review and other Digital Transactions News briefs from 7/18/19

    Fiserv Inc.’s $22 billion acquisition of First Data Corp. cleared a U.S. Department of Justice review, the company said Thursday. In April, the Justice Department asked for more information and documents related to the deal, but, according to a Fiserv filing with the Securities and Exchange Commission, the DoJ attached no conditions …

  • 17 July

    As LG Pay Makes Its (Belated) U.S. Debut, Observers Question Its Likely Impact

    Add LG Pay to the multitude of U.S. mobile-payment options. LG Electronics USA announced Tuesday the mobile-payment service is available on select LG smart phones. The move comes a year later than LG initially said it would. LG Electronics Inc., the parent company of LG Electronics USA, introduced LG Pay …

  • 17 July

    Eye On the Point of Sale: Visa Agrees to Buy Payworks; ACI Signs up Worldpay

    Visa Inc. said Wednesday it has acquired Payworks GmbH, a Munich-based developer of cloud-based point-of-sale payment-gateway software. Visa intends to integrate Payworks’ technology with that of another Visa property, CyberSource, and offer the combined product to merchants and acquirers. Terms of the acquisition were not disclosed. The combined offering will …

  • 17 July

    Zelle Blossoms for BofA and other Digital Transactions News briefs from 7/17/19

    Bank of America Corp. says it has 8 million active users of the bank-backed Zelle person-to-person payment service and that it handled 69 million Zelle transactions in the second quarter, nearly double the 35.2 million transactions a year earlier. BofA had 5.4 million Zelle users in the 2019 first quarter. …

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