Digital Transactions Authoritative, insightful and timely information for payments professionals
With three processor megamergers having closed in 2019, the value of firms involved in handling and managing electronic payments has seldom been clearer. But further evidence emerged this week with news of Stripe Inc.’s latest funding round, which valued the San Francisco-based payments-technology company at fully $35 billion. Indeed, at …
September, 2019
- 20 September
UnionPay International’s Merchant Growth and other Digital Transactions News briefs from 9/20/19
The China-based payments network UnionPay International said it now links to more than 28 million merchants outside China, with 2 million having been added in the first half of 2019. The company also said 80% of U.S. merchants now accept UnionPay credit cards.Visa Inc. said its B2B Connect network now processes cross-border corporate …
- 19 September
Reliable, Recurring Revenue Fuels Investor Interest in Payments
With the closing of three megamergers this year, one might think investment opportunities in payments and acquiring could shrink. But that would be an error. That was the assessment of investment professionals speaking Thursday at the Western States Acquirers Association annual conference in Rancho Mirage, Calif. “It’s a massive industry. …
- 19 September
In This Mega Merger Landscape, Is Your ISO with a Processor or a Partner? What To Ask and Why It Matters
By: John Newton, Vice President of Sales, Strategic Partner Channel, First American Mega mergers have created enormous financial technology companies with scope and reach that far exceed the needs of a traditional ISO channel. As a result, ISOs are now just one of many drivers of new merchant acquisition and …
- 19 September
The PCI Council Plans More Rule Flexibility As It Eyes a Major Revision of Its Flagship Standard
Recognizing there is no one-one-size-fits-all approach to data security, the PCI Security Standards Council continues to evolve its requirements toward a goal of greater flexibility for payments providers. The new approach comes as the Council contemplates a new version of its core security standard. Gathering in Vancouver, B.C., this week …
- 19 September
Real-Time Payments Catch on and other Digital Transactions News briefs from 9/19/19
A survey by processor Fidelity National Information Services Inc. (FIS) found that 54 countries now have active real-time payment programs, up from 40 in 2018 and nearly four times as many as 2014.Cross River Bank, which specializes in services for technology companies, has applied to link to The Clearing House Payments Co.’s Real Time …
- 18 September
COMMENTARY: How Your Partners May Be Hindering Your GDPR Compliance
The General Data Protection Regulation (GDPR) became enforceable on May 28, 2018, in the European Union (EU). Now, almost a year and a half later, things seem to be getting a bit more real as companies like British Airways and Marriott International are being hit with substantial fines and the Information …
- 18 September
Transcend: North American Bancard’s Premiere Payment Conference
We’ve all been to sales conferences before. Good ones, and not so good ones. When North American Bancard first started talking about hosting a Sales Partner conference, there were a number of elements that went into the planning and positioning the conference. NAB wanted to not just have another sales …
- 18 September
Amazon Brings Its PayCode Service to The U.S. To Facilitate Cash Payments
Leading online retailer Amazon.com Inc. is bringing its Amazon PayCode service to the United States in a deal with The Western Union Co. that gives consumers the option to pay for Amazon purchases in cash. Seattle-based Amazon announced Wednesday that PayCode, which is already live in 19 countries, will be …
- 18 September
Global Payments Completes TSYS Merger and other Digital Transactions News briefs from 9/18/19
Global Payments Inc. completed its $21.5 billion all-stock merger with payment processor Total System Services Inc. (TSYS). The deal cleared its last major hurdle when European Union antitrust regulators said they had no competition concerns, Reuters reported Tuesday. The merged company serves 3.5 million merchant locations and 1,300 financial institutions in more than 100 …