Competitive Strategies

Speed is a key selling point for person-to-person payments, but many P2P users aren’t taking advantage of real-time payment capabilities offered by their providers, according to research firm Aite Group LLC. Answers from 693 consumers who had used a digital P2P account to receive money in the 12 months ending …

Payments provider ACI Worldwide launched new, cloud-based in-store technologies for merchant clients as part of the company’s UP Merchant Payments product. The new services are based on ACI’s recent acquisitions of payments-technology firms RevChip and TranSend. Maverick BankCard said its automated clearing house platform is now available. The e-check service …

While one cannot deny the rise of social commerce and its pertinence to the overarching e-commerce industry, studies have shown that social-commerce strategies do not lead to as many purchases as you may think.  For example, Twitter recently phased out a buy button because it wasn’t seeing results, and another …

The tug-of-war over Earthport PLC continues. Visa Inc. upped its offer for the British business-to-business payment processor in a bidding war that started after Mastercard Inc. topped Visa’s original price. Visa is now offering 37 pence per share, which values the company at £247 million ($320.4 million). Visa’s new offer …

Mastercard Inc. introduced a so-called sonic brand identity, including a melody that will play when users deploy Mastercard in physical, digital, or voice commerce. Wells Fargo & Co. said late Thursday that its ATMs were back in service after an outage affected the bank’s ATMs, online and mobile banking services, …

Twenty-two days of talking to clients haven’t dampened Fiserv Inc.’s conviction that offering to buy First Data Corp. is the right move. In fact, if anything these conversations seem to have buoyed top executives’ confidence in the proposed $22 billion all-stock acquisition of the big processor. “We’ve spent a substantial …

Segpay Corp. debuted its Merchant Services Group, which is tasked with direct merchant-account placement, gateway, and other services for e-commerce merchants. Segpay has operated as a payment facilitator since 2005. A subcommittee of the U.S. House of Representatives’ Financial Services Committee will have a hearing at 2 p.m. Est. Feb. …

Merchant-processing revenues from North America grew 7% year-over-year in 2018’s fourth quarter to $1.1 billion on a comparable accounting basis, First Data Corp. reported Wednesday. First Data, which has an agreement to be acquired by processor Fiserv Inc. in a $22 billion all-stock deal, reported total quarterly revenues of $1.42 …

With the proposed merger of processing giants First Data Corp. and Fiserv Inc. looming over the payments landscape, players that both work and compete with the two companies are in a potentially ticklish position. But the chief executive of one such company made it clear Wednesday morning that First Data …

Mastercard Inc. named Paul Stoddart, who had been CEO of Vocalink after Mastercard acquired the U.K.-based real-time payments firm in 2017, as president, New Payment Platforms, effective March 1. Stoddart will oversee development of Mastercard’s real-time capabilities beyond traditional card-based services, including Vocalink, the Homesend joint venture, and Mastercard Send. …