News

January, 2017

• 26 January

  ‘We’re Just Scratching the Surface,’ CEO Schulman Says As PayPal Posts Strong Results

  PayPal Holdings Inc. finished its first full calendar year separated from eBay Inc. with a tone that suggests a bit of swagger. “It was a landmark year for PayPal,” chief executive Dan Schulman told stock analysts Thursday afternoon. “We introduced a host of innovations. We bring to our merchants an …
• 26 January

  Credit Cards Compromised in 19% of Data Breaches, Researchers Find

  

  Credit card numbers were involved in just under one-fifth of the 4,000-plus data breaches worldwide reported in 2016, data-security services provider Risk Based Security Inc. reported Wednesday. RBS says the latest release of its annual Data Breach QuickView found that 4,149 data breaches occurred or became publicly known in 2016, …
• 26 January

  Ant Financial, Backer of Alipay, Shells out $880 Million for No. 2 U.S. Money Transmitter MoneyGram

  

  The company behind the rapidly growing Alipay mobile-payment service is acquiring the second-largest U.S. based money-transfer company. China-based Ant Financial Services Group’s deal to buy Dallas-based MoneyGram International Inc. for $880 million in cash will likely close some time in the second half of the year , according to an …
• 25 January

  Eye on Earnings: Discover’s Networks Post Varying Results; TSYS’ Revenues Up 58%

  

  Total dollar volume on Discover Financial Services’ networks increased 2% in the fourth quarter to hit $80.2 billion versus $78.8 billion a year earlier, but results varied among the company’s payment operations. Riverwoods, Ill.-based Discover reported Tuesday that the Discover credit card unit posted proprietary volume of $34 billion, up …
• 25 January

  Tim Hortons Getting Order-Ahead App and other Digital Transactions News briefs

  • A survey released by RestaurantOwner.com, a resource enterprise for independent restaurant owners, found that the average cost of a restaurant POS system is $13,344, compared with $18,000 in 2012. Only 10% of the 1,190 respondents said they use pay-at-the-table devices, and only 31% used EMV-compliant systems. • Restaurant Brands International, parent company …
• 25 January

  Launched in September, Same-Day ACH Posted 13 Million-Plus Transactions in 2016

  

  The nation’s automated clearing house network handled more than 13 million same-day transactions worth almost $17 billion between Sept. 23 and the end of the year, according to statistics released Wednesday by NACHA, the rulemaking authority for the ACH. Wednesday’s release represents the second time NACHA has issued numbers for …
• 24 January

  NCR Silver Gets an Update That Reduces Needed Taps And Eschews the Home Page

  

  By Kevin Woodward@DTPaymentNews NCR Corp. on Tuesday unveiled a redesigned app for its NCR Silver iPad-based point-of-sale system that eliminates 33 taps from the transaction process and skips the home page in favor of a fly-out menu.
• 24 January

  Remote Deposit Capture Provider Cachet Financial Solutions Seeks Equity and a New Name

  

  Cachet Financial Solutions Inc., a small tech company best known for providing remote deposit capture services to banks and credit unions, is trying to raise nearly $14 million in new equity to shore up its finances while pivoting toward prepaid cards and facing a legal deadline to rebrand. In a …
• 24 January

  Most Pay Bills Online and other Digital Transactions News briefs

  • Fifty-six percent of all bills in the U.S. are paid online at a biller, bank, or third-party site, according to data from ACI Worldwide and Aite Group. Of these, 72% are now paid at biller sites. • Digital-payments company Proxama PLC has agreed to provide payments services to clients of payment …
• 24 January

  Biller Bill-Pay Sites Crush Bank Sites While Both Camps Look to Faster-Payment Offerings

  

  In the battle over online bill payments, biller sites have been beating bank and third-party sites handily, but now the battle has turned into a rout. Biller sites accounted for fully 73% of online bills paid by consumers last year, up from 62% in 2010, according to a report released …