Thursday , March 28, 2024

ATMs

Fiserv Stuns the Industry With a Massive All-Stock Acquisition of First Data

In a stunning announcement that surprised many observers, Fiserv Inc. said Wednesday morning it has struck a deal to acquire First Data Corp. with what the parties say will be the biggest ever such transaction in the payments and financial-technology businesses. The all-stock deal, expected to close in the third …

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BlueSnap Integrates Google Pay and other Digital Transactions News briefs from 1/7/19

Payments provider BlueSnap said it has integrated Google Pay into its platform for payments from online, mobile checkout, marketplaces, invoices, and virtual terminals. In related news, cross-border payments provider Flow also announced it is adopting Google Pay as payment option. Mobile-parking app provider ParkWhiz Inc. has rebranded itself as Arrive Inc. FICO said it has been awarded five …

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Growth in Remote Card Payments Far Outpaces Point-of-Sale Payment Growth, the Fed Reports

E-commerce, online bill payments, and other forms of card-not-present payments continued their strong growth last year to capture a bigger share of total card payments, according to newly released Federal Reserve data. The number of what the Fed calls remote payments using general-purpose payment cards grew 22.8% in 2017 from …

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FIS in Shell Loyalty Deal and other Digital Transactions News briefs from 12/19/18

E-commerce technology provider 3dcart said its merchants can now offer Bread, an online financing service for consumer purchases, to their shoppers. Fidelity National Information Services Inc. (FIS) said consumers can redeem rewards points instantly at the pump at approximately 13,400 Shell stations nationwide through a new agreement between FIS and …

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Postpone the Requiem for ATMs: A Drop in the Global Installed Base Isn’t the Whole Story

With the onset of digital wallets, observers of the payments scene might expect consumer demand for cash to wither, and with it the population of ATMs. It turns out the ATM count worldwide did hit its zenith last year, according to research released this week, but the reason is a …

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Extend Joins Visa Ready Program and other Digital Transactions News briefs from 12/18/18

Atom Tickets released a skill for Amazon Alexa, the retailer’s voice-assistant technology. Users can learn what movies are playing nearby and buy tickets using voice commands. The skill is integrated with Amazon Pay. Extend, a digital distribution platform for credit cards, registered with the Visa Ready program for business solutions, …

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PayJunction’s Integration with RetailOps and other Digital Transactions News briefs from 12/17/18

Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the …

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P2P Dominates Banks’ Mobile Apps in Payments, but Other Functions Lag

All but two of 27 bank mobile apps examined in a new S&P Global Inc. study offer person-to-person payments and another bank will soon add the feature to its app. But less than a third of the apps support cardless ATM transactions. The study by New York City-based S&P Global’s …

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Government Releases Report on Campus Prepaid Card and Deposit-Account Fees

A report from the U.S. Department of Education shows that fees college students pay for campus-sponsored prepaid cards and deposit accounts can vary widely. The report was prepared by the Consumer Financial Protection Bureau for the Education Department and completed in February, but not released until Friday. The release came …

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Suitor Submits Another Mitek Bid and other Digital Transactions News briefs from 12/10/18

In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …

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Digital Transactions