Digital Transactions Authoritative, insightful and timely information for payments professionals
Square Inc. outlined its growth plans with an emphasis on selling new services and expanding internationally during its first investor day on Tuesday. In its presentation, Square said it wants to improve the efficiency of acquiring merchants, which it calls sellers; move its services up market to larger merchants; grow …
May, 2017
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17 May
Cash Flow Woes Imperil Some Merchants and other Digital Transactions News briefs
• An increasing number of small-business owners have a positive outlook on the economy and on their own prospects, according to a survey from American Express Co. Some 72% of respondents expressed this optimism with respect to the next six months, up from 64% last year and 67% in 2015, according to …
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17 May
Do Business Owners Realize That You Are The One to Ask?
Business owners today can’t avoid hearing the industry’s new buzz words: Big data, omnichannel marketing, data analytics, mobile payments and loyalty, to name a few. Merchants know they need them, but many of these important prospects do not know how to find the best solutions, all in one place, …
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16 May
COMMENTARY: Build a Better Shopping Experience With Digital Layers
Remember the Pokémon GO craze? The game was a megahit because it cleverly combined the physical and digital worlds. It added an augmented contextual layer so players could use smart-phone map and camera functions to interact with characters, other players, and game elements. What if a similar augmentation toolkit were available …
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16 May
Masterpass Books Expedia and other Digital Transactions News briefs
• Mobile-payments provider LevelUp said it has closed a $50 million funding round with participation by existing investor JPMorgan Chase & Co. as well as US Boston and CentroCredit Bank. LevelUp, which says its user count is nearly 1 million, is the subject of a lawsuit by competitor CardFree Inc. alleging LevelUp fraudulently …
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16 May
MoneyGram Shareholders Give a Thumbs-Up to Ant Financial’s Buyout Offer
Shareholders of MoneyGram International Inc. voted overwhelmingly in favor of Ant Financial Services Group’s planned $1.2 billion acquisition of their company, Dallas-based MoneyGram announced Tuesday. A preliminary tally shows 97% of the shares voted were in favor of the deal and represented more than 82% of all outstanding shares, MoneyGram …
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15 May
Why Alipay Is So Intent on ‘Ubiquity’ in North American Merchant Acceptance
When it comes to establishing merchant acceptance in North America, Alipay’s ambitions go well beyond niche markets. In fact, “When we’re looking at partners, we’re looking for ubiquity,” Souheil Badran, president of Alipay North America, tells Digital Transactions News in a wide-ranging interview. Those partners so far include First Data …
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15 May
ISO Acquisition Boosts Merchant Acquirer JetPay’s Revenues
Thanks in part to its acquisition of a Florida independent sales organization nearly a year ago, merchant acquirer JetPay Corp. on Monday reported that its first-quarter revenues increased 63% to $18.9 million from $11.6 million in the year-ago period. JetPay’s Payment Services segment, its biggest unit, saw revenues jump by …
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15 May
The Pays Users To Surpass 150 Million by the End of 2017, Predicts a Juniper Report
The number of consumers using at least one of the major third-party mobile-payment services—Apple Pay, Android Pay, or Samsung Pay—will top 150 million globally by the of 2017, says Juniper Research, a U.K.-based firm, in its “Is OEM-Pay the Future of Contactless” report. Some 50 million of them will begin …
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15 May
EVO Makes Another Acquisition and other Digital Transactions News briefs
• EVO Payments International announced it purchased the remaining ownership interest in Zenith Merchant Services, a Montreal-based payments provider. Terms were not disclosed. • Payments processor Computer Services Inc. has integrated data from Dow Jones Risk & Compliance for sanctions screening to help clients control the risk of doing business with politically …