Featured

May, 2019

• 15 May

  AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

  

  Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …
• 6 May

  As Estep Opts for Retirement, Larimer Will Take Over As NACHA CEO in July

  Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

April, 2019

• 10 April

  Amazon Go Stores To Accept Cash, Eventually

  

  Amazon Go stores may soon accept cash. “We are working to accept cash at Amazon Go,” an Amazon spokesperson confirms in a statement to Digital Transactions News. Amazon Go stores only accept in-app payments now. A consumer must download the Go app and scan a barcode from the app on her …

March, 2019

• 28 March

  ISO Buyers Looking for Balanced, Low-Attrition Portfolios, Finance Exec Says

  

  The economy is still humming along, but that doesn’t mean independent sales organization owners and executives are having an easy time finding capital when they need or want it. “The credit markets are tight for the payments-industry space,” Jon Engleking, chief operating officer at Super G Capital LLC, said this …
• 27 March

  Cash Discounts And Surcharging Remain the Hot Topic for ISOs

  

  They’ve been the subject of intense debate for several years now, but evidence from the Southeast Acquirers Association annual conference Tuesday shows interest among independent sales organizations in discounts for cash and credit card surcharges is as high as ever. About 800 people attended the Atlanta confab that concluded Wednesday, …
• 15 March

  First Data Rejected Overtures From ‘Party A’ Before Accepting Fiserv’s Merger Offer

  

  First Data Corp. began talking with a potential merger partner identified only as ‘Party A’ more than a year before Fiserv Inc.’s $22 billion takeover offer for the big payment processor was announced, according to a proxy statement Fiserv and First Data filed this week. The lengthy document—more than 300 …

February, 2019

• 19 February

  Apple Pay Adoption Reaches 43% of iPhone Users, Up From 36% Just Five Months Ago

  

  Apple Pay adoption show no signs of abating, with an estimated 43% of iPhone users across the globe enabling the mobile-payments service, says Loup Ventures LLC in a research note released Tuesday. That’s up from 36% in September and 20% in December 2017. Other estimates from the Minneapolis-based venture-capital firm …
• 13 February

  Celebrating a Record 2018, Global Payments Vows to Ride Integrated Payments to Even Bigger Results

  

  Global Payments Inc. on Wednesday credited a technology-centered strategy it has developed over the past six years for record results in 2018. Chief executive Jeff Sloan also pointed to the increasing investments required of payments providers as a leading cause of industry consolidation, in particular the pending merger of industry …

January, 2019

• 31 January

  Mastercard Issuers Jumping on the Contactless Card Bandwagon

  

  So far, Visa Inc. has dominated the headlines regarding the U.S. conversion to contactless payment cards. Mastercard Inc., however, will soon be getting into the act. “In the U.S., contactless momentum continues to grow on both issuing and acceptance sides,” Mastercard president and chief executive Ajay Banga said Thursday. “We …
• 29 January

  Square Faces Slower Growth Prospects, Analyst Says

  

  Square Inc.’s share price slid 10% Tuesday in the wake of an analyst’s report saying growth for the high-flying merchant processor is becoming tougher. Square’s organic growth probably peaked in 2018’s third quarter and growth in subscriptions and services will slow in 2019’s second quarter as recent acquisitions are absorbed, …