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News

November, 2015

  • 5 November

    Despite Rise of Online And Mobile Methods, Cash And Checks Rule in P2P Payments

    When it comes to payments between individuals, cash and checks are still wildly popular, even among Millennials, despite years of penetration by online and mobile methods. Indeed, 71% of consumers made at least one person-to-person payment with cash last year, and 56% did so with a check, according to a …

  • 5 November

    Green Dot Continues Clawing Back From Its MoneyPak Closure

    Prepaid card issuer and services provider Green Dot Corp. on Thursday said it is over the hump of business lost when it closed its popular MoneyPak reload product early this year. MoneyPak was a long-established product that Pasadena, Calif.-based Green Dot sold in stores to enable the reloading of prepaid …

  • 4 November

    Visa And MasterCard Remain Top Dogs in Global Acceptance, But China Is Rising Fast

    Just as Visa Inc. prepares to swallow up the 38-country Visa Europe system, at least one market researcher has released a report expressing some doubt about how long Visa and its bank card rival, MasterCard Inc., will be able to maintain their share of card-accepting merchants around the world. On …

  • 4 November

    Many Financial Institutions Still Testing the Waters With Mobile Remote Deposit Capture

    Technology enabling consumers to deposit checks by snapping pictures of them on their smart phones and uploading the images through their mobile-banking apps has been around for more than five years, but mobile remote deposit capture very much remains a new product for many banks. An April-May survey by Alpharetta, …

  • 3 November

    As Real Time Hits Prime Time, Early Warning And Fiserv Target Bill Payments, Deposits

    The Federal Reserve may be shepherding a nationwide effort to bring real-time payments to the United States, but that doesn’t mean payments companies are marking time while that process unfolds. The latest development is Tuesday’s announcement that bank processor Fiserv Inc. will work with risk manager Early Warning Services LLC …

  • 3 November

    The Bank Card Networks Dole Out Billions in Incentives To Build Traffic

    Visa Inc. and MasterCard Inc. are shelling out ever more dollars to buy issuer loyalty and induce merchants to route transactions onto their networks. A Digital Transactions News analysis shows the two leading payment card networks are on track to spend approximately $6.75 billon on so-called rebates and incentives in …

  • 2 November

    Visa Inc. Will Buy Visa Europe, But Can It Get From Europe What It Earns in the U.S.?

    Ending months of speculation, Visa Inc. on Monday announced it will buy its European counterpart, London-based Visa Europe Ltd., in a cash, stock, and earn-out deal valued at $23.4 billion. “We’re delighted to be reuniting the Visa family,” said Visa Inc. chief executive Charles W. Scharf in discussing the acquisition …

  • 2 November

    For Visa, Electronic Payments Produce a River of Cash

    Visa Inc. may be in the business of credit and debit cards, mobile wallets, tokenization, EMV chips and virtually anything involving electronic payments, but its latest financials tell the real story—it’s all about cash. On a day dominated by news of its pending $23 billion takeover of Visa Europe, Visa …

October, 2015

  • 30 October

    Time, Money and Convenience Play Critical Roles in Mobile-Payments Adoption

      If consumer adoption of mobile payments is going to break past its current low rate, purveyors of the services will have to find new ways of making m-payments faster and more convenient to use, and attractive for merchants to accept. That’s the assessment from Derek Francom, director of PayPal …

  • 30 October

    How MCX’s Deals with Chase Pay And BIM Networks Help Fill a Tender Gap in CurrentC

    With two strokes of the pen, Merchant Customer Exchange LLC has addressed one glaring weakness in its mobile wallet. By announcing a deal this week with JPMorgan Chase & Co.’s brand-new Chase Pay mobile-payments service and two weeks ago with a little-known New York City-based app provider called BIM Networks …

Digital Transactions