Digital Transactions Authoritative, insightful and timely information for payments professionals
By Jim Daly@DTPaymentNews Square Inc.’s stock hit a record high Thursday in the wake of a strong fourth-quarter financial report. Now the merchant processor is looking to an updated point-of-sale system for retailers called
February, 2017
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24 February
Evertec Merchant Acquiring Revenue Down and other Digital Transactions News briefs
• Puerto Rico-based Evertec Inc. said revenue in its merchant-acquiring unit declined 1% in the fourth quarter to $23.1 million while revenue in its payment-processing segment grew 0.4% to $28.9 million. Evertec announced it has an agreement to buy Chile-based EFT Group S.A., a payment processor and software company that uses the …
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24 February
Through an Integration With Apple Pay, Urban Airship Combines Loyalty With Payment
By John Stewart @DTPaymentNews It has become an article of faith that mobile payments capability alone won’t excite consumers. The challenge lies in how to meld loyalty with payments in a single tap at checkout for multiple retail chains. On Friday, Urban Airship Inc. announced an integration of its Reach …
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23 February
Green Dot Gets Set for a Major Role in Payroll Cards As It Prepares to Swallow UniRush
Green Dot Corp.’s chief executive on Wednesday hailed the company’s pending acquisition of Consumer Financial Protection Bureau <![endif]–> The company finished 2016 with $718.8 million in total operating revenue, up 3.5% over its 2015 revenue total. Net income for the year came in at $41.6 million, up 8% from $38.4 …
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23 February
Another Card Consolidator Debuts and other Digital Transactions News briefs
• Royal Dutch Shell plc said it is finalizing the deployment of EMV-compliant point-of-sale terminals for inside use at more than 11,000 of its U.S. locations. Currently, almost 80% of the locations are EMV-compliant, with the rest expected this spring. As the inside-the-store project is completed, the petroleum company will shift …
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23 February
Retailer Groups Ask Supreme Court to Affirm Rejection of 5-Year-old Interchange Settlement
By Kevin Woodward@DTPaymentNews As the U.S. Supreme Court gets nearer to considering the 2012 interchange settlement, the National Retail Federation and the Retail Industry Leaders Association asked the court to let stand an settlement. The trade groups, which for the most part represent large retailers, argue, in part, that the …
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22 February
COMMENTARY: The Deal for TIO Networks Follows a Pattern for PayPal’s Schulman
By Rick Oglesby @DTPaymentNews PayPal Holdings Inc. has always been an enigma. It’s not really a payment network, not really an independent sales organization or merchant acquirer, not really a wallet or a prepaid card issuer, not really a person-to-person payments solution, and not really a payment gateway. Yet, it …
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22 February
PayByPhone Adds Apple Pay and other Digital Transactions News briefs
• The National Retail Federation and the Retail Industry Leaders Association on Tuesday asked the U.S. Supreme Court to let stand an appellate court’s ruling last June striking down the controversial 2012 settlement between merchants on the one side and Visa, Mastercard, and some big banks on the other in a long-running antitrust class …
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22 February
Square Reports Strong Quarter; Could the Future Include Deals With ISOs?
By Jim Daly@DTPaymentNews Square Inc.’s gross payment volume rose 34% year-over-year in the fourth quarter, generating strong revenues and other financial metrics despite large merchants accounting for a bigger share of volume. The San Francisco-based merchant processor late Wednesday afternoon also gave an upbeat outlook for 2017, all of which …
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21 February
Synchrony Financial’s Growing CareCredit Unit To Buy Citi’s Health Card Portfolio
By Jim Daly@DTPaymentNews CareCredit, the health-care financing unit of the big private-label and cobranded credit card provider