Monday , June 18, 2018

News

February, 2018

  • 12 February

    First Data’s Prepaid Business Shines as Struggling Bank Joint Ventures Begin Turnaround

    First Data Corp.’s struggling merchant-acquiring joint ventures with three big banks are showing nascent signs of a turnaround, and business is booming in the company’s prepaid card unit, top executives reported Monday. The Atlanta-based processor reported last year that new merchant referrals from its big joint ventures with The PNC …

  • 12 February

    COMMENTARY: Five Key Trends in Payments to Watch for As 2018 Unfolds

    As the new year eases well into its second month, here are five important technology developments that will shake up key payments markets in 2018. B2B payments will finally go digital Perhaps further behind in the fintech curve than they should be are business-to-business payments. This is often attributed to …

  • 12 February

    YapStone Raises $71 Million and other Digital Transactions News briefs from 2/12/18

    Card-data analytics company Cardlytics, which went public Friday, was trading at nearly $16 a share at mid-morning Monday, up 18% on the day to that point. The stock is up 30% since its debut. YapStone, which processes payments for apartment and vacation rentals, announced the first closing in a Series …

  • 9 February

    NCR’s ATM Revenues Dip as POS Equipment Sales Rise

    ATM manufacturer NCR Corp. reported Thursday that its ATM revenues declined 21% in the fourth quarter, but point-of-sale hardware revenues grew 23%. Total revenues at Atlanta-based NCR came in at $1.78 billion, down 1% from $1.8 billion in 2016’s fourth quarter and off 3% on a constant-currency basis. The company …

  • 9 February

    March of the Cryptos: All of the Top 10 Digital Currencies Rise This Week

    The stock market may have tumbled this week, but cryptocurrencies are enjoying a generalized comeback. All of the 10 largest currencies by market capitalization are up since early in the week, with third-ranked Ripple’s XRP token surging 20% just since late Thursday to lead the pack, according to Coinmarketcap.com. It …

  • 9 February

    NRF’s 2018 Forecast and other Digital Transactions News briefs from 2/9/18

    The National Retail Federation predicts total industry sales this year will increase 3.8% to 4.4% over 2017’s levels, with online and other non-store retail sales rising 10% to 12%. A startup called WeTravel, which streamlines travel planning, booking, and payments for small businesses, has closed a $2 million funding round. …

  • 8 February

    Digital and Other New Services To Drive 7%-Plus Annual Growth in the Prepaid Market, Aite Predicts

    The prepaid market can expect to grow more than 7% annually over five years, but unlike its early days in which plastic gift cards and government payments dominated, much of the growth will come from new virtual uses for prepaid products, according to a new Aite Group LLC report. Boston-based …

  • 8 February

    Don’t Know About TLS? You, and Your Merchants, Soon Will

    A July 1 PCI Security Standards Council deadline is prompting payments providers to act well before then, with many establishing their own compliance deadlines in February. What has provoked this eagerness? It could be that noncompliance with the PCI mandate could halt merchant transactions that rely on the Internet. The …

  • 8 February

    Fit Pay Announces Flip, a Wearable for NFC Transactions Based on Bitcoin

    It was probably only a matter of time before someone combined contactless payment, wearable devices, and cryptocurrencies. On Thursday, Fit Pay Inc. announced a device that will let users convert digital currency holdings into fiat currency for transactions at any point of sale capable of contactless interaction using near-field communication. …

  • 8 February

    Cantaloupe Acquisition Adds 270,000 Connections to USA Technologies’ Network

    Fresh from its $85 million acquisition of Cantaloupe Systems Inc., USA Technologies Inc. reported Thursday that it added 311,000 net new connections to its network of vending machines and other unattended card-accepting merchant locations in the quarter ended Dec. 31. Approximately 270,000 of the new connections came from Cantaloupe, a …