Saturday , March 23, 2019

Competitive Strategies

First Data Won’t Be the Last Processor to Certify with Discover

First Data Corp. may have become the first third-party processor to achieve certification on Discover Financial Services Inc.'s network, but it almost certainly won't be the last as the card company uses its newly won freedom to win over issuers of the bank card brands, according to the top executive …

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A BioPay-Pay By Touch Patent Tiff Takes a New Twist

A simmering patent feud between rival biometric transaction processors BioPay LLC and Pay By Touch has taken another twist with Pay By Touch's acquisition of a patent covering check-cashing services, BioPay's core business. In a news release it issued last week, Pay By Touch claimed its competitor had tried to …

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The Benny Debit Card Will Link to Multiple Plans Via North American

North American Health Plans Inc., one of the country's largest third-party administrators of self-funded health-care plans, has begun using Visa- and MasterCard-branded debit cards from Evolution Benefits Inc., an Avon, Conn.-based processor. North American, Buffalo, N.Y., began Jan. 1 issuing Evolution Benefits' cards linked to flexible-spending accounts for its own …

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Why ClearCommerce Opted to Join Forces with eFunds

ClearCommerce Corp.'s hopes to better its chances of winning business by becoming part of a publicly held company played a major role in its decision to merge with eFunds Corp., according to a senior executive at ClearCommerce. The Austin, Texas-based provider of transaction gateway and anti-fraud services to Internet merchants …

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Eye on ISOs: First American/NDFC, iPayment, Wireless News

Two key results of First American Payment Systems L.P.'s acquisition of National Data Funding Corp.?consummated late last year and announced last week?are that First American gains an inhouse facility for wireless, Internet Protocol-based transaction processing while R. Scott Hatfield, one of NDFC's long-time owners, can now devote himself full-time to …

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Walgreen’s Decides to Keep Taking AmEx Cards After Cutting New Deal

Pharmacy giant Walgreen's Co., which a month ago announced it would stop accepting American Express cards effective today, has reversed itself, announcing it will continue taking AmEx cards after reaching a new multi-year deal with the card company. Terms of the new arrangement were not released. “We were able to …

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Discover Seals Its Pulse Acquisition Following Pulse Members’ OK

Discover Financial Services Inc. and Pulse EFT Association announced today that Discover's $311-million acquisition of the Houston-based electronic funds transfer network, announced in November, has closed. The deal's completion follows approval of the merger by Pulse's member banks, and, according to Discover, more than doubles the company's U.S. card base …

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eFunds Buys ClearCommerce, Picks up CNP Anti-Fraud Expertise

eFunds Corp. today announced it is buying ClearCommerce Corp., an e-commerce transaction gateway specializing in online fraud detection and prevention, for $19.4 million in cash. The deal is expected to close by March 31. By acquiring Austin, Texas-based ClearCommerce, eFunds picks up anti-fraud products and expertise for the card-not-present market, …

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USPTO Will Re-Examine CyberSource’s Patent at ReD’s Request

The United States Patent and Trademark Office has said it will re-examine a patent granted in 2000 to CyberSource Corp. that lies at the heart of a patent-infringement suit the Mountain View, Calif.-based processor filed last August against rival Retail Decisions PLC (ReD) and its U.S. operation, Retail Decisions Inc. …

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C-Store Chain Sheetz Is First Merchant to Adopt PayPass Chainwide

Sheetz Inc. will install MasterCard International's PayPass tap-and-go payment system in all 305 of its stores by March 1, the two companies have announced. Sheetz, a top-10 operator of convenience stores based in Altoona, Pa., says it hopes the radio-frequency-based system will add to customer convenience by cutting transaction time …

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