Wednesday , September 19, 2018

News

January, 2006

  • 6 January

    Could Labry Move to Merchant Unit Presage a Breakup of First Data?

    With Ed Labry this week taking over First Data Corp.'s acquiring business, including First Data Merchant Services, some industry observers are figuring the Denver-based processing giant may be looking toward spinning off both the merchant division and the lucrative Western Union franchise as independent companies some time within the next …

  • 5 January

    BitPass Expands Micropayment Functions with Yaga Acquisition

    BitPass Inc. has acquired rival micropayments processor Yaga Inc. in a deal that hands the Menlo, Calif.-based BitPass technology to support subscription and payment-aggregation models. The acquisition agreement, terms of which were not released, calls for BitPass to take over Yaga's platform, intellectual property, and client contracts. Staff at San …

  • 4 January

    Visa Reports $257 Billion for ’05 Holiday Season, with a Dec. 23 Peak

    In its final holiday-spending report for the season, Visa USA said today retail spending on its cards hit $257 billion for November and December 2005, up 17.5% from the same period in 2004. Visa says e-commerce activity for the holiday-shopping season totaled $26.5 billion, peaking at $624 million on Dec. …

  • 3 January

    Nearly Three Years Later, Merchants Begin to Get Wal-Mart Payouts

    The first checks to merchants entitled to some of the $3.1 billion settlement fund in the Visa/MasterCard debit card antitrust lawsuit went out last month, but that was only a small fraction of the expected total distribution from what is widely known as the Wal-Mart settlement. That's according to the …

December, 2005

  • 28 December

    CEO Daily Succeeds in His Pursuit of Merchant Processor iPayment

    Nashville, Tenn.-based merchant processor iPayment Inc. has agreed to be acquired and taken private by two of the company's top executives in a deal valued at about $770 million. The company's board of directors, along with a special committee of that board established last spring to investigate possible offers for …

  • 23 December

    Nokia Says Look for New Phone, Busy Stores in ’06 NFC Payment Pilots

    Projected pilots in 2006 for contactless payment capability on mobile phones with near-field communication (NFC) technology will include high-throughput retail stores, in contrast to the self-contained environment of a sports stadium, where the first such trial began last week (Digital Transactions News, Dec. 14). Tom Zalewski, head of mobile payment …

  • 21 December

    Holiday Card Spending Ramps up in Stores And on the Internet

    The week ended Dec. 18 included three of the four heaviest spending days of the holiday shopping season so far, according to the latest report from Visa USA. Spending on Visa-branded cards totaled $5.2 billion on Dec. 16, ranking that day the busiest of the season. Black Friday, the day …

  • 21 December

    In a Busy Day, BofA Says Yes to AmEx Network And No to TSYS

    Bank of America Corp. announced today it will begin issuing cards on American Express Co.'s U.S. merchant network and also confirmed that an existing issuing relationship between AmEx and MBNA Corp., which BofA is acquiring for $35 billion, will continue. In a separate announcement, third-party credit card account processor TSYS …

  • 21 December

    TextPayMe Aims Its Nascent Cell-Phone P-to-P Service at Web Markets

    A tiny startup in Redmond, Wash., has signed up about 500 users for its week-old person-to-person payment service based on mobile phones and expects to launch a commercial service in 2006. With a head count of three, including two former Microsoft Corp. employees, TextPayMe Inc. allows individuals with cell phones …

  • 20 December

    Citi Will Begin Issuing Credit Cards on AmEx’s Network By Month’s End

    In a move that has been expected for more than a year, Citigroup Inc.'s Citibank unit announced today it will begin issuing cards on the American Express Co. network by the end of the month. The full offering, which includes five cards with varying benefits, will be available by mid-January. …