Thursday , April 18, 2024

Search Results for: visa

80% of MasterCard Credit Cards Have Chip and other Digital Transactions News briefs

• Processor Fiserv Inc. will market Early Warning LLC’s clearXchange person-to-person real-time payments network to its financial-institution clients under a new agreement. The deal follows a similar arrangement the companies reached last year for real-time bill payments and deposits. Fiserv also said adjusted second-quarter revenues in its payments segment increased nearly 11% …

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Faster EMV Tech Might Leapfrog the Traditional Spec and Improve Consumer Perceptions

Card-brand efforts to improve consumers’ perceptions of EMV transaction speeds took a step ahead this week when a grocer debuted updated EMV software on its point-of-sale systems. New Seasons Markets, including its New Leaf Community Markets unit, is now using the Quick Chip and M/Chip Fast technologies from Visa Inc. …

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Square Moves Toward Profitability as Its Payment Volume Booms

By Jim Daly @DTPaymentNews Square Inc. reported Wednesday that its payment volume grew 42% in the second quarter to $12.5 billion, and, while still reporting a loss, the merchant processor edged toward profitability as its adjusted revenues jumped 54%. Square, which began signing merchants in 2010, also raised its financial …

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A Small-Merchant Security Program Makes Progress, But Not Without Some Grumbling

By John Stewart @DTPaymentNews A relatively new program geared at shoring up data security at small merchants is making progress toward a crucial January deadline, but not without some full-throated grumbling, if comments and questions at an industry trade show this week in Grapevine, Texas, were any indication. The program, …

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Epson America Launches Partner program and other Digital Transactions News briefs

• FinTech Acquisition Corp. announced it has completed its acquisition of processor CardConnect LLC, which has become a wholly owned subsidiary. Renamed CardConnect Corp., the company began trading Monday on the NASDAQ under the symbol “CCN.” • Epson America Inc. launched the Envision mSelect Partner program to help mobile point-of-sale …

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Apple’s Boss Sums up Apple Pay: ‘Astronomical’ Growth, But on a ‘Very Small’ Base

Apple Inc. is notoriously tightlipped about how its Apple Pay mobile-payments service is doing, and the occasion of the computing giant’s quarterly earnings call late Tuesday was no exception. Still, while Apple chief executive Tim Cook said little to satisfy widespread curiosity about the wallet’s adoption and usage among consumers, …

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With Checkbook, a Payments Veteran Creates a Souped-Up Engine for Check 21 Clearing

The United States remains one of the world’s last bastions of the paper check, a situation a startup called Checkbook Inc. sees as a massive opportunity. The Sunnyvale, Calif.-based company has been working for the last two years on a system that it says allows businesses and individuals to use …

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Meta Financial Doubles Financial Metric and other Digital Transactions News briefs

• Processor Vantiv Inc. launched the One Network Experience service for software developers. Dubbed O.N.E., the service offers a suite of integration tools, personalized help, and access to an online developer community. • Meta Financial Group Inc. said Meta Payment Systems, a division of MetaBank, a major prepaid card issuer, …

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MasterCard Eyeing China and other Digital Transactions News briefs

• MasterCard Inc. is mulling an application to become a licensed payment service provider in China, a massive payments market dominated by state-owned China UnionPay, according to Reuters. • agreement with Visa Inc. that includes promotion of Visa cards and a new point-of-sale thrust for PayPal. Visa was trading at …

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Digital Transactions