Tuesday , January 16, 2018

News

July, 2017

  • 24 July

    Vantiv’s Bank Referral Deal and other Digital Transactions News briefs

    Retailer J.C. Penney Co. Inc. announced it now accepts Apple Pay in its stores. The Penney store card will be available for use with Apple Pay, enabling cardholders to earn shopping points through JCPenney Rewards, the store’s loyalty program. Merchant processor Vantiv Inc. announced it has been selected by Columbia Bank, Tacoma, Wash., to provide …

  • 24 July

    Mastercard Dodges U.K. Bullet and other Digital Transactions News briefs

    • A London judge has rejected an effort by a consumer group in the United Kingdom to bring an $18 billion class-action suit against Mastercard Inc., according to Bloomberg News. The case is related to the card network’s cross-border transaction fees. • Square Inc. announced that Randy Garutti, chief executive of …

  • 21 July

    Facing a Tight Deadline, the Faster Payments Task Force Sticks With Collaboration

    Now that the Federal Reserve-sponsored Faster Payments Task Force has issued its final report calling for speedier payments everywhere in the United States by 2020, the really hard work can now begin, say some observers. Payments cleared and settled in near real time has long been a goal of many …

  • 21 July

    Visa’s Quarterly Profit Quintuples as Payment Volumes Grow and Expenses Fall

    Visa Inc.’s top brass talked at length Thursday about payments opportunities abroad, but they also noted that U.S. payment volumes, particularly in credit cards, did quite well in the quarter ending June 30. “Our global business benefited from an overall healthy economy as payments volume grew in every major region,” …

  • 20 July

    Vantiv Disputes Researcher’s Report About Its Merchant Pricing

    Vantiv Inc. took the unusual step this week of filing a document with the Securities and Exchange Commission to dispute a research firm’s report about its merchant pricing. The payment processor says the report “claims Vantiv deceives merchants by marking up interchange fees.” The report about Vantiv’s allegedly high and …

  • 20 July

    On a Partnership Tear, PayPal Unveils New Agreements, This Time With Chase And Citi

    PayPal Holdings Inc. made it clear on Thursday it isn’t done striking deals with banks and other payments companies. Only days after announcing a major partnership agreement with Samsung Pay, PayPal now says it will work more closely with JPMorgan Chase & Co. and the bank’s Chase Pay wallet. And …

  • 20 July

    Mastercard Adopts EMVCo Spec in Push To Enable Greater QR Code Payments Use

    Mastercard Inc. is expanding the options for merchants and consumers who want to use Quick Response codes for mobile payments. The expansion of Masterpass QR, announced Wednesday, will enable a merchant to scan a QR code generated and displayed on a consumer’s smart phone and process the payment through the …

  • 20 July

    Ingenico To Buy Bambora and Reports Slight Turnaround in North American Business

    Point-of-sale terminal maker Ingenico Group announced Thursday that it plans to buy Stockholm-based Bambora Group from Nordic Capital for €1.5 billion ($1.73 billion). The acquisition will put under Ingenico’s roof a fast-growing international payments provider that gets 90% of its revenues on a recurring basis. Stockholm-based Bambora counts 110,000 businesses …

  • 20 July

    Blackhawk’s Loss Narrows and other Digital Transactions News briefs

    Prepaid card provider Blackhawk Network Holdings Inc. said its revenue for the second quarter ended June 17 totaled $463.1 million, an 18.4% increase from $391.2 million in the same period in 2016. The company’s loss of $6.4 million improved from the $11.3 million loss last year. Blackhawk said Target Corp. will be …

  • 19 July

    Driven by Zelle And Apple, Mobile P2P Will Hit $244 Billion by 2021, Forecast Says

    The forecast for person-to-person mobile payments is a heady one. Expect double-digit growth through 2021, says research firm eMarketer Inc. As more consumers adopt the growing number of P2P payments services, the value of their P2P mobile transactions will increase to $244.03 billion, up 103% from the $120.38 predicted for …