Digital Transactions Authoritative, insightful and timely information for payments professionals
Two executives who helped found CoCard Marketing Group LLC have left the Nashville, Tenn.-based independent sales organization to start their own ISO with what appears to be a unique ownership structure based on shareholding for participating offices. “Our company is going to be based on shares of stock,” says …
Read More »VeriFone Looks to Services And Mobile Payments for Growth
North American sales were flat, but leading U.S. point-of-sale terminal maker VeriFone Systems Inc. still posted a 21% increase in revenues on the strength of its international business in the quarter ended July 31, and profits jumped 42%. Fresh from its August acquisition of long-time rival Hypercom Corp., VeriFone anticipates …
Read More »U.S. Bank Adds to the Roster of Secure Vault Payments Acceptors
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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 »In a Shareholder Letter, S1 Seeks Support for Fundtech Deal And Fires Back at ACI
The heated rivalry between payment-software firms S1 Corp. and ACI Worldwide Inc. for the loyalty of S1’s shareholders took on yet more urgency on Monday as S1 urged owners of its shares to reject an offer from ACI. In a letter to shareholders seeking proxies in support of a proposed …
Read More »With Durbin Forcing New Network Links, a Software Vendor Sees Opportunity
Looking to capitalize on opportunities fostered by recently created debit card regulation, Lexcel Solutions Inc. on Thursday announced an update to its network-testing software that is aimed at streamlining debit card issuers’ selection of new networks as mandated by the Federal Reserve. The Fed’s June 29 final rule implementing …
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 »By Going Directly to S1’s Shareholders, ACI Hopes to Scuttle Fundtech Deal
ACI Worldwide Inc.’s effort to acquire rival payments-software firm S1 Corp. took a more hostile turn on Monday when ACI said it will go directly to S1’s shareholders, asking them to scuttle a proposed merger between S1 and Fundtech Ltd. The move by Elkhorn, Neb.-based ACI, spelled out in …
Read More »How a Google-Motorola Combo Could Be ‘Good News’for NFC in the U.S.
At first glance, the nascent mobile-payments business doesn’t seem to be the major driver of Google Inc.’s $12.5 billion cash acquisition of cell-phone maker Motorola Mobility Holdings Inc. The deal, however, could spur payments using near-field communications (NFC) technology as software companies, phone manufacturers, and mobile-communications software companies jockey for …
Read More »Just As NFC Gains Impetus, An Analyst Casts Doubt on Supply of Phones
With companies like Google Inc., Visa Inc., MasterCard Inc., and the major wireless carriers talking in recent months about near-field communication projects, observers could be forgiven for concluding that NFC-based mobile payments are poised for a breakthrough in the U.S. market. There could be just one problem: no NFC …
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