Tuesday , January 16, 2018

News

December, 2017

  • 18 December

    After Rebuffing Atos, Gemalto Accepts $5.7 Billion Buyout Offer From Thales

    Paris-based defense, aerospace, and transportation contractor Thales S.A. announced Monday that it has a €4.8 billion ($5.66 billion) deal to acquire Gemalto N.V., the world’s largest maker of chips for smart cards and mobile phones. The announcement that Thales plans to buy Gemalto for €51 per share ($60.1) comes just …

  • 18 December

    Looking to Bulk up in Small Merchants, TSYS Buys Cayan for $1.05 Billion in All-Cash Deal

    The consolidation trend sweeping through the merchant-acquiring business made headlines again Monday morning with the news that Total System Services Inc. has agreed to buy Boston-based acquirer and technology provider Cayan LLC for approximately $1.05 billion in cash. The deal, which TSYS says it expects to close in the first …

  • 18 December

    Global ATM Cash Withdrawal Volume Grows and other Digital Transactions News briefs from 12/18/17

    Visa Inc. fired one of its most prominent executives, Jim McCarthy, executive vice president of innovation and strategic partnerships, Dec. 1 because of inappropriate relationships with female Visa employees, according to The Wall Street Journal; theJournal said Visa launched an investigation into McCarthy’s actions after CEO Alfred Kelly received an …

  • 15 December

    As Bitcoin Struggles With Congestion, BitPay Looks To Add More Crypto Choices

    With Bitcoin priced near $18,000 Friday morning, and with futures markets already trading Bitcoin contracts or getting set to, investors in the digital currency are riding high. Consumers who want to use Bitcoin to buy things, though, face a market rife with volatility, slow transactions, and high costs. Bitcoin exchanges …

  • 15 December

    Magento Touts a One-Click Checkout Feature Following Expiration of Amazon’s One-Click Patent

    E-commerce platform Magento Inc. announced Instant Purchase, its new one-click payment feature that is now standard on its Magento Commerce system. For merchants, Instant Purchase offers a customizable button, a mobile-optimized process that Campbell, Calif.-based Magento says can reduce time-to-purchase by 90%, automatic shipping to the shopper’s default address, and …

  • 15 December

    BitPay Looks to More Crypto Choices and other Digital Transactions News briefs from 12/15/17

    Seven retail trade groups filed a joint amicus brief in a case now before the U.S. Supreme Court in which 11 states, led by Ohio, are appealing a U.S. Court of Appeals decision that upholds American Express Co.’s rule prohibiting merchants from steering customers to cards with lower acceptance costs. …

  • 14 December

    Recurly Turns to Adyen for Help as It Expands Its Subscription-Management Business Globally

    Subscription-management platform provider Recurly Inc. reported Thursday that it will use international multi-channel payments provider Adyen to further expand its business abroad. Founded in 2010, San Francisco-based Recurly already operates in 32 countries. Its customers are businesses that use recurring-revenue models, including media and publishing firms, software-as-a-service providers, and others. …

  • 14 December

    Quiet Online Shopping Days Yield the Biggest Fraud Spikes, Stripe Says

    Santa Claus might be relaxing on Dec. 25, but criminals targeting online merchants with stolen credit and debit cards won’t be taking the day off. That’s evident from Stripe Inc.’s latest report on online fraud trends and behavior. Released this week, the report, which examines an undisclosed number of transactions made …

  • 14 December

    In Making Its App Work With Apple’s Face ID, Discover Could Tap Into a Budding Appetite for Biometrics

    Wider availability of technology that would have been nearly unthinkable only a few years ago is making biometric authentication a more likely replacement for the password. In the latest development, Discover Financial Services on Thursday announced users of its mobile app who own an iPhone X can log in to …

  • 14 December

    Recurly Chooses Adyen for Expansion and other Digital Transactions News briefs from 12/14/17

    Payrange Inc., a developer of mobile-payment applications for washers, dryers, and other machines, introduced its product for Speed Queen and Maytag laundry machines. Subscription-management platform provider Recurly Inc. said it will use international payments provider Adyen to further expand its global business. Cornerstone Bank became the 200th financial institution to …