Wednesday , May 23, 2018

News

May, 2018

  • 10 May

    U.S. Worldpay Merchants Begin Migration to Vantiv Platform

    Worldpay Inc. reported Thursday that the integration of its predecessor companies, U.S.-based Vantiv Inc. and United Kingdom-based Worldpay Group plc, continued apace in the first quarter, and that revenues on a combined basis grew 12% year-over-year. The 115,000 merchants served by pre-merger Worldpay’s Atlanta-based U.S. operation are moving to Vantiv’s …

  • 10 May

    Eye on Financing: EVO’s Roadshow Starts; USAT Seeks $50 Million

    Two payments companies are turning to the investment market to raise funds with public offerings. EVO Payments International says it began its roadshow to promote its initial public offering it announced in April. If successful, the IPO could generate anywhere from $186,666,662 to $213,333,328, based on a share value ranging from $14 …

  • 9 May

    Rambus Debuts Tokenization Service and other Digital Transactions New briefs from 5/9/18

    Visa Inc. and PayPal Holdings Inc. have extended to Canada an agreement they made in 2016 that gives PayPal access to Visa’s tokenization engine in return for promoting Visa products for PayPal account funding. In related news, Visa said it is expanding its Visa Direct service in Canada, with processor …

  • 9 May

    With Synthetic ID Fraud Losses Soaring, Complications Beset a Search for Solutions

    Cyberthieves can use the payment credentials they steal to charge products to the people who are the legitimate owners of that data. That’s bad enough. But increasingly, these fraudsters are using the information they glean from data breaches to invent fresh identities, sometimes out of whole cloth, leaving credit card …

  • 9 May

    Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

    First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …

  • 8 May

    First Atlantic Commerce Expands Into Canada and other Digital Transactions News briefs from 5/8/18

    Jim Lofgren has been appointed chief executive of Nosto, an online retail personalization firm. Most recently, Lofgren led Klarna AB’s North American operations. Payments provider First Atlantic Commerce announced an expansion into Canada through its virtual terminal for call centers. Bluefin Payment Systems is providing point-to-point encryption services as part …

  • 8 May

    USA Technologies Nearly Doubles Its Connection Counts While Leveraging Its Cantaloupe Deal

    Unattended payments continue to bear fruit for USA Technologies Inc. as the company said its connections increased 92.3% in its fiscal third quarter from a year ago. Malvern, Pa.-based USAT said its connections totaled 969,000 in the quarter ended March 31, up from 504,000. Its total number of customers, at …

  • 8 May

    Microsoft Enables Email Users to Pay Billers Without Leaving Outlook

    Microsoft Corp. is adapting its Microsoft Pay wallet to allow users of Outlook to pay bills and invoices they receive in the email program. The new feature, announced Monday at a company-sponsored developer conference, will become available to “a limited number” of users of Outlook’s Web-based service “over the next …

  • 7 May

    Global Payments Goes Camping in Its Quest for New Integrated-Payments Partners

    Merchant acquirer Global Payments Inc. is teaming up with yet another company owned by private-equity firm Vista Equity Partners as it looks for new opportunities to integrate payment processing with software providers serving a wide range of businesses. Last week, Atlanta-based Global announced a deal with RA Outdoors LLC, which …

  • 7 May

    SignaPay’s PayLo Program Signs Reseller and other Digital Transactions News briefs from 5/7/18

    Payments provider St. Louis Merchant Services announced it is offering the PayLo Cash Discount Progam from SignaPay Ltd. Fiserv Inc. has teamed with fraud-analytics firm Rippleshot to offer Card Risk Office, an early-detection service that allows client institutions to identify potential fraud anywhere from 30 days to 60 days before …