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n In a related move, Shazam is also testing applications written for both the iPhone and Android mobile operating systems that will let store staffers move away from checkout counters and use mobile devices to complete PIN-debit transactions anywhere on the sales floor. These apps will also become available …
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 »Wells Takes a Chance on a Monthly Fee for Debit Card Purchases
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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 »Eschewing ‘Participation’ Fees, MasterCard Will Sweet-Talk Debit Issuers One by One
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Read More »S1 Spurns Takeover Offer from ACI, But ACI Says It Won’t Back off
n As it did July 26 when it announced its takeover offer for S1, ACI also said it is “prepared to do what is necessary to make this [transaction] happen.” The ACI statement did not elaborate. Some observers speculate the Elkhorn, Neb,-based software company will return with a sweetened …
Read More »Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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Read More »Visa Outlines New Fee Structure To Defend Its Debit Business
As Visa Inc. moves into the post Durbin-era, the debit card market leader plans to offer a fixed network participation fee and reduce its variable processing fee for Visa debit products in the United States. Executives expect the new fee structure will make Visa a more viable alternative to competing …
Read More »PayPal Will Process POS Payments for up to 20 Merchants in 2012, eBay Chief Says
PayPal Inc. will roll out mobile payments at the point of sale with as many as 20 retailers next year following a pilot set to start later in 2011, the chief executive of eBay Inc., PayPal’s parent company, said late on Wednesday. Speaking to stock analysts as part of …
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