Digital Transactions Authoritative, insightful and timely information for payments professionals
By Kevin Woodward@DTPaymentNews Add Wal-Mart Stores Inc. to the list of merchants that will accept Chase Pay transactions. JPMorgan Chase & Co., backer of the nascent Chase Pay mobile wallet, says the massive retailer will begin accepting the bank’s payment service in more than 5,000 Walmart and Sam’s Club stores, …
November, 2016
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3 November
Mitek Revenues Increase 23% and other Digital Transactions News briefs
• Lengthy negotiations for some large contract renewals caused payments software and processing provider ACI Worldwide Inc. to reduce its 2016 financial guidance; the company posted third-quarter revenues of $217 million, down 9% from a year earlier, and a loss of $9.83 million compared with net income of $14.8 million …
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3 November
Mobile Continues To Grow at Starbucks, but Rewards Program Change Triggers Questions
By Jim Daly@DTPaymentNews Mobile payments now account for 25% of transactions at Starbucks Corp.’s U.S. locations, up from 20% a year ago, but a recent 1% decline in transactions had Starbucks executives fielding questions from analysts Thursday about what caused the slippage. Nothing to worry about, folks, was the message …
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2 November
Apple Pay Online And a Messenger Integration Hold Promise for a Growing Shopify
By John Stewart @DTPaymentNews Shopify Inc. reported on Wednesday that it is starting to see positive response from its very recent moves to adopt Messenger for their users. Besides the Apple Pay and Messenger initiatives, Shopify also launched a new app in September that the company says allows merchants to …
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2 November
CardFlight Strikes Reseller Deal and other Digital Transactions News briefs
• Mobile-commerce technology provider Sionic Mobile launched a mobile-payment and loyalty app called Style Rewards for hair salons. The app was introduced in collaboration with Style Media22, an interactive digital-media agency for salon professionals. • Mobile point-of-sale technology provider CardFlight agreed to offer its SwipeSimple EMV solution to merchant clients of …
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1 November
Co-Op Financial Services in Bill Pay Deal and other Digital Transactions News briefs
• Boosted by its November 2015 acquisition of software developer SunGard, processor Fidelity National Information Services Inc. (FIS) reported third-quarter revenues of $2.31 billion, up 46.2% from a year earlier. Revenues grew 3.8% on an organic basis. • Co-Op Financial Services said it will provide its online bill-payment application to …
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1 November
Square Sees Volume Shift To Big Merchants, Pushes for Faster EMV Transactions
Merchant acquirer Square Inc. started out offering credit and debit card acceptance to tiny businesses and part-time sellers who wanted to accept plastic, but volume from Square’s biggest merchants grew 55% year-over-year in the third quarter and now accounts for 43% of Square’s gross volume. Square, which refers to all …
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1 November
Kohl’s Pay: A Marriage of Payments and Offers in One Wallet
Kohl’s Corp. joins the ranks of retailers with their own mobile-wallet services with the launch last month of Kohl’s Pay. Menomonee Falls, Wis.-based Kohl’s said the barcode mobile-payment service exclusively uses the private-label Kohl’s Charge card as the payment mechanism in more than 1,100 Kohl’s stores. To use Kohl’s Pay, …
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1 November
Only One Direction for ATM Fees: Up
Consumers continue to pay higher fees for out-of-network ATM transactions, but have more access to free, non-interest checking accounts, says Bankrate Inc.’s annual survey of checking-account fees. Combined surcharges levied by ATM deployers and a consumer’s own bank total $4.57, up 5 cents, or 1.1%, from a year ago, a …
