Tuesday , June 2, 2020

Jim Daly

Jim Daly joined Digital Transactions in 2006 after covering payments and merchant acquiring at Thomson Media’s Credit Card Management, Credit Card News, and CardLine publications. Before that, he was a reporter and editor at the daily Leader-Telegram in Eau Claire, Wis.

Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition

It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …

Read More »

USA Technologies Folds in Proxy Fight; Bergeron Named New Chairman

The proxy fight between vending machine payments provider USA Technologies Inc.’s board of directors and top management on one side and the company’s largest shareholder, Hudson Executive Capital, on the other ended Monday with Hudson Executive the victor. Malvern, Pa.-based USAT announced an agreement with the New York City-based investment …

Read More »

Led by a Near Grounding of Travel Spending, Discover’s Volume Is Off 29% in April

Discover cardholders might not jet around the country like many American Express cardholders do, but it’s still telling that Discover’s travel spending volume has plunged 99% this month as governmental stay-at-home orders and business closures to control the Covid-19 pandemic chill the economy. The near grounding of travel spending was …

Read More »

Google Dangles Free Listings for Merchants on Its Google Shopping Tab

Alphabet Inc.’s chief subsidiary Google revealed Tuesday that merchants can soon have free listings on its Google Shopping tab. No-cost listings will become available in the United States next week and elsewhere before the end of 2020, Bill Ready, president of commerce at Mountain View, Calif.-based Google, said in a …

Read More »

Google’s Financial-Services Plans May Include a Card Redux

It’s well known that Alphabet Inc.’s Google unit wants to offer consumers checking accounts, though that service has yet to launch. But the search-engine giant also reportedly is developing a debit card that would work in concert with its Google Pay mobile-payments service, according to news reports from Silicon Valley. …

Read More »

Stripe, Prepaid Card Providers Try to Capitalize on Pandemic-Spawned Opportunities

They say that in every crisis there’s an opportunity. E-commerce merchant processor Stripe Inc. and several providers of prepaid accounts think they’ve found some in the Covid-19 pandemic sweeping the globe. San Francisco-based Stripe announced Thursday it had raised another $600 million in an extension of its Series G funding …

Read More »

Pandemic Hits U.S. Bancorp’s Merchant Revenues and Raises T&E-Related Expenses

U.S. Bancorp’s big payments operation that includes merchant acquirer Elavon Inc. is usually a reliable revenue generator, but the bank-holding company’s exposure to the big downturn in travel-and-entertainment and business spending because of the Covid-19 pandemic became evident in the first quarter. Merchant payment volume declined 4.8% to $104.7 billion …

Read More »

Chase’s Merchant Volume Rose 5% Despite a ‘Tale of Two Cities’ First Quarter

JPMorgan Chase & Co., parent company of the nation’s biggest bank-owned merchant acquirer, managed to pull off a 5% increase in processing volume in the first quarter despite the restrictions on economic activity that took force in many states in the second half of March to control the Covid-19 pandemic. …

Read More »

Visa Warns E-Commerce Merchants Using Older Versions of Magento To Upgrade Quickly

Visa Inc. is urging e-commerce merchants still using Adobe Inc.’s Magento 1 platform to upgrade to the newer Magento Commerce 2.3 because Magento will stop supporting Magento 1 at the end of June. Merchants continuing to use the older platform will fall out of compliance with the Payment Card Industry …

Read More »

Some Small Businesses Are Seeing Higher Sales During Pandemic, ETA-Strawhecker Survey Finds

The screeching slowdown in consumer spending caused by efforts to stem the spread of the Covid-19 pandemic has hit U.S. small businesses particularly hard, but there are some bright spots, according to the Electronic Transactions Association and merchant-acquiring research and consulting firm The Strawhecker Group. The survey of more than …

Read More »
Do NOT follow this link or you will be banned from the site!