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Opening up the Club

An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A sexy business? Definitely …

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Opening up the Club

By Jim Daly An exclusive coterie of card networks runs the business of issuing and managing payment tokens. But that elite club soon may have more members. Looking for a business with growth opportunities? Look no further, ladies and gentlemen, than at the business of the token service provider. A …

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Green Dot Launches New Products, Aims To Be a ‘Fin-Tech Powered Branchless Bank’

Green Dot Corp. announced a number of a new products Wednesday and said it was getting into lending in order to generate new revenues and expand beyond its prepaid card base. Under pressure from a large investor to boost its bottom line and flagging stock price, Pasadena, Calif.-based Green Dot reported …

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Despite Some Fourth-Quarter Improvements, Wall Street Punishes First Data

Leading payment processor First Data Corp. late Tuesday reported modest revenue and transaction growth in 2015’s fourth quarter, as well as better pre-tax profitability and an improved balance sheet in the wake of its October initial public offering, but investors still didn’t like what they saw. The Atlanta-based company’s stock …

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Visa Opens Scores of Its APIs to Developers in a Bid To Speed Payments Innovation

In a move that recognizes the powerful role application developers play in the global payments arena, Visa Inc. on Thursday opened scores of its application programming interfaces to thousands of outsiders worldwide, including merchants, banks, and technology companies. The new program, called Visa Developer, embraces some 155 APIs and includes …

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Green Dot Responds in Measured Tones After Fiery Investor Calls for CEO’s Firing

Prepaid card services provider Green Dot Corp. has struggled to make profits sufficiently large to keep restive shareholders at bay since it became a publicly traded company in 2010. Now one of those shareholders, Harvest Capital Strategies LLC, is calling for the ouster of company founder and chief executive Steve …

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Wall Street Gave a Thumbs Up to Payments Companies in 2015

It was a lousy December for payment stocks, but 2015 as a whole saw shares of electronic transaction processors far outperform the major market indexes, according to a new report from Chicago-based investment firm Barrington Research Associates Inc. Shares of 28 payments companies posted a mean return of 11.47% last …

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With a Peak Performance in 2015, Merchant-Acquiring Stocks Look to a Sustainable 2016: Report

  Publicly-held merchant acquirers were the best-performing payments stocks of 2015, investment-advisory firm Keefe, Bruyette & Woods says in its “2016 Outlook: Pay for Growth in This Environment” report released Tuesday. Among the acquirers and processors KBW tracks are PayPal Holdings Inc., Global Payments Inc., Vantiv Inc., Heartland Payment Systems …

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Florida Lawmakers Hope To Add Octane to Lottery Sales Through Fuel-Pump Purchases

Point-of-sale terminals and fuel pumps as lottery-ticket dispensers? That’s a question some states continue to mull, though Minnesota tried it and didn’t like it. The latest state trying to juice lottery sales by making card payments easier is Florida. Bills introduced last month in the state House and Senate would allow …

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Capitalize on EMV Opportunities

    As more merchants begin to realize the need to become EMV compliant and purchase EMV-capable devices, they will be searching for the right solution for their business. Imagine being one of the few VARs able to provide an EMV-compatible solution and the opportunities it could present. In this …

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