Saturday , January 25, 2020

John Stewart

Starting as an editor on Bank Network News at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including Credit Card Management, Card Technology, Card Marketing, and Collections & Credit Risk. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 million division embracing magazines, newsletters, and Web sites.

Eye on Earnings: Wall Street Rewards AmEx But Punishes Discover After Seeing Fourth-Quarter Results

Photo by Rick Tap on Unsplash

Two bellwether payments stocks headed in opposite directions Friday morning as they reported financial results for the fourth quarter. Discover Financial Services saw its share price swoon 7.41% in pre-market trading. By mid-morning, it stood at $77.94, down 9% from its Thursday close. AmEx shares on the other hand had …

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Same-Day ACH Traffic Reaches 1 Million Daily Payments, Nacha Reports

Faster payments on the nation’s automated clearing house network reached a milestone in the fourth quarter, with each business day recording at least 1 million same-day transactions for the first time since same-day service was introduced, according to data released Wednesday by Nacha, the governing body for the ACH. “We’re …

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Amazon’s Venture in Pay-by-Palm Holds Promise But Faces Some Difficult Obstacles Inc.’s ambitions now include devices that could authenticate payments by scanning the palm of the customer’s hand. But while this latest twist in the e-commerce giant’s payments strategy could result in faster and more convenient transactions for users, it also could run into roadblocks that have scuttled similar ventures …

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In Libra’s Wake, Experts Begin Planning Digital Money Controlled by Central Banks

When Facebook Inc. last year floated the idea of a digital currency called Libra, the notion of a currency backed by a powerful corporation with global reach stimulated some experts to begin thinking about digital money that could be issued not by private companies but by central banks. On Thursday, …

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How Visa’s Post-Card Payments Ambitions Led It to a $5.3 Billion Deal for Plaid

Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …

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Many ATM Operators Will Blow Tomorrow’s Upgrade Deadline, But Will That Matter Much?

ATM operators on Monday are literally on the eve of a critical upgrade deadline that many have not met, but some industry sources at least say the situation is far from disastrous. Microsoft Corp. on Tuesday will stop supporting its Windows 7 operating system, which runs most bank-owned ATMs in …

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Samsung SDS And Syniverse Partner on a Common Mobile-Payments Platform for ‘Anyone With a Phone’

A major enterprise software company and a mobile-technology provider late on Thursday announced an agreement to develop a service they say will provide a universal connection to mobile wallets and “simplify mobile payments for anyone with a phone.” The proposed service will combine application programming interface technology from software vendor …

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Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance

For years, payments providers like Square Inc. have mined the small- and micro-merchant market by providing inexpensive and simple attachments, or so-called dongles, that hook up to smart phones and can be used to swipe or read the chips on cards. Now comes the next step: card acceptance using no …

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Fingerprint ID Dominates Authentication, But Facial Recognition Is Growing Fast

With payments fraud growing every year, the pressure is on in markets worldwide to adopt more sophisticated technology to verify the identity of mobile users. Against that backdrop, the winning technology is fingerprint recognition, with facial-recognition systems presenting a fast-growing alternative, according to the latest study from United Kingdom-based Juniper …

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For Bitcoin, 2019 Was a Bit Less Wild, But Volatility Still Haunts the World’s Biggest Digital Currency

Bitcoin entered 2020 on a high note but remains a volatile cryptocurrency, both in value and in transaction cost. That volatility can reward savvy users but continues to hinder the leading cryptocoin’s usefulness as a payment method. The coin exited 2019 with a value exceeding $7,000, roughly double what it …

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