Digital Transactions Authoritative, insightful and timely information for payments professionals
- First Data Corp. and Fiserv Inc. expect to close Monday on Fiserv’s $22-billion acquisition of First Data. The deal, announced in January, has received final required regulatory approvals and non-objections, First Data said. First Data announced $2.49 billion in revenue for the second quarter, up 2% year-over-year.
- A group of Congressional Democrats, including presidential candidate U.S. Sen. Elizabeth Warren (D-Mass.), are backing a bill that would require the Federal Reserve to build a real-time gross-settlement payments system, Bloomberg News reported. The Fed is mulling whether it should provide such a system, but hasn’t yet announced a decision. Big banks generally are opposed to a direct Fed role in real-time payments and support the new real-time service from The Clearing House, a bank-owned processor. Other groups, including the Independent Community Bankers of America, a trade group of smaller banks, and the National Retail Federation and other merchant associations, support a Fed alternative.
- Visa Inc. is mulling a purchase of part of Nets, a privately held Copenhagen-based payments processor, according to news reports. Nets serves some 400,000 merchants across Europe.
- Shares of Diebold Nixdorf Inc. jumped 24% Thursday morning after the ATM manufacturer reported stronger than expected second-quarter results and revised its 2019 financial outlook upward.
- Cardtronics said it will manage 38 Extraco Bank ATMs. The bank also joined the Cardtronics-owned Allpoint surcharge-free network.
- Allied Payment Network, a provider of online and mobile bill-payment for financial institutions, announced a collaboration with REDI Enterprise Development, a vendor of risk-management software, to support Allied’s loan-payment technology.
- Signature Card Services said it acquired payment gateway iDeposit. Terms were not disclosed.
- Fifty-five percent of consumers say it takes only one bad experience to keep them from returning to a store, while 39% of retailers say loyalty is no longer merely a matter of rewards and 69% say they have to work harder than they ever have to retain customers, according to a survey of 2,000 U.S. consumers and 250 retailers by payments provider Klarna.
- Mobile-payments provider Glance Technologies Inc. named Neil Crist, founder and chief executive of Veneulabs, which is now part of Groupon, to its board of advisors.
Related Articles
Check Also
Eye on BNPL: Splitit Rolls Out Installment Loans At Checkout; Klarna Partners With Uber
Buy now, pay later provider Splitit Payments Ltd. has launched an installment-payment option for financial …