Saturday , January 19, 2019

News

January, 2019

  • 4 January

    The Unicorn Herd Enrolled Yet More Fintech Members Last Year Following an Active 2017

    The financial news has been full of dire stories about the beating tech stocks have been taking lately, but less well publicized is the action in private equity—specifically the creation of new payments-related unicorns. According to data from New York City-based CB Insights, which tracks private valuations, at least half …

  • 4 January

    Marriott Updates Breach Numbers, Says 354,000 Unexpired Cards Compromised

    Hotel operator and franchisor Marriott International Inc. reported Friday that 8.6 million encrypted payment card records were compromised in the big data breach it disclosed Nov. 30. Of those, 354,000 cards were unexpired. The card statistics are included in an update Bethesda, Md.-based Marriott issued about the breach of the …

  • 4 January

    Mitek Notes More Suitors and other Digital Transactions News briefs from 1/4/19

    Remote deposit capture software provider Mitek Systems Inc. said in a regulatory filing “that it has received expressions of interest from multiple parties” and thus is considering various “strategic alternatives” to maximize shareholder value. The only suitor the filing identified is ASG Technologies Group Inc., a portfolio company of the …

  • 3 January

    Processor Stocks Eke Out a 2018 Gain Despite a Bloody Fourth Quarter

    It was a nasty December and fourth quarter, but transaction-processor stocks still beat the major market indexes in 2018, according to an analysis by Barrington Research Associates Inc. Twenty-six publicly traded processor stocks posted a mean return of 3.01% for the year versus a negative mean return of 6.24% for …

  • 3 January

    A Look Back at 2018’s 10 Most Popular Digital Transactions Posts

    Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …

  • 3 January

    Credit Card Use Increases and other Digital Transactions News briefs from 1/3/19

    Sixty-two percent of U.S. consumers used a credit card in 2018, up from 60% in 2017, finds a report from Mercator Advisory Group Bestpass Inc., a provider of toll-management services for commercial fleets, said it finished 2018 with 500,000 active transponders in its network of almost 6,000 clients. The fastest …

  • 2 January

    All States Now Have Breach-Notification Laws and other Digital Transactions News briefs from 1/2/19

    With the enactment of data-breach notification laws in South Dakota and Alabama in 2018, all 50 states now have such laws, according to the Covington & Burling LLP law firm. Financial-institution processor Fiserv Inc. said the newly chartered Mi Bank in Bloomfield Township, Mich., will use a variety of Fiserv …

December, 2018