Digital Transactions Authoritative, insightful and timely information for payments professionals
One week after announcing it is testing dual-message PIN debit, the Shazam debit network said on Tuesday it will introduce later this year a product that will let merchants accept PIN debit transactions on smart phones. The product, developed by Fort Lauderdale, Fla.-based authentication-technology vendor Adaptive Payments, comes as networks …
Read More »Intuit Makes a Smart-Phone Payments Go of It With Verizon Wireless
It won’t be long until payment card acceptance applications and card readers for smart phones are as easy to get in stores as cornflakes or socks. The latest example: Intuit Inc. and Verizon Wireless on Thursday announced that Intuit’s GoPayment mobile application and reader are now available in Verizon Wireless’s …
Read More »A Treasury Audit Criticizes the IRS About New Merchant-Reporting Requirements
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Read More »In Buying Access to Money, Cardtronics Will Get Access to 10,350 More ATMs
Capping a wave of recent acquisitions, non-bank ATM network owner and manager Cardtronics Inc. announced late Monday that it had struck a definitive agreement to buy Access to Money Inc., a retail ATM network operator with 10,350 U.S. machines under management. Houston-based Cardtronics will pay $21.2 million in cash …
Read More »Volatile Markets Hammer Payments Stocks, But Prepaid Players Most of All
The wild trading on stock markets worldwide over the past week has left U.S. payments-industry shares battered and bruised, though they made a mild recovery Thursday morning. Worst hit are shares of prepaid card companies, though networks, processors, and money-transfer providers are feeling the pain too. A Digital Transactions …
Read More »A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »Authorization, Processing Costs Drop, But Other Fees Climb for Acquirers, Study Shows
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Read More »The DoJ Anoints Gores As the Designated Buyer of Hypercom’s U.S. Assets
The U.S. Department of Justice announced Thursday that it had reached a settlement with point-of-sale terminal makers VeriFone Holdings Inc. and Hypercom Corp. that calls for the sale of Hypercom’s U.S. assets to a unit of private-equity firm Gores Group LLC. The settlement removed an obstacle that held up VeriFone’s …
Read More »DoJ Indicates Settlement Near in Antitrust Challenge to VeriFone-Hypercom Merger
The U.S. Department of Justice indicated Monday that a settlement of its antitrust challenge to the planned acquisition by VeriFone Systems Inc., the leading U.S. point-of-sale terminal maker, of rival Hypercom Corp. could be reached by Aug. 30. A DoJ court filing, however, does not give details about any …
Read More »Mobile-Payment Apps Store And Leak Critical Data, Security Expert Says
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