Featured

May, 2018

• 9 May

  Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

  

  First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …
• 4 May

  The Same Old Problems Plague the ‘Pays’ As Adoption Levels Show ‘Signs of Slippage’

  

  Ever since Apple Pay emerged in 2014, experts have scratched their heads over the general failure of contactless mobile wallets to catch on faster with U.S. consumers. Now comes research indicating how wallet sponsors might turn things around by focusing on what consumers are most looking for in wallet services …
• 2 May

  Beyond P2P: As Rival Venmo Moves In-Store, Zelle Eyes a Big Move on Disbursements

  

  Since its official launch last June, Zelle has been all about carving out a healthy piece of the burgeoning person-to-person payments market for financial institutions. Now it’s promoting another service that leverages its network but could prove far more lucrative: disbursements. When companies, associations, or other organizations need to pay …
• 1 May

  Word-of-Mouth Recommendations Are Failing Mobile-Payments Services

  

  Coveted word-of-mouth advertising is failing the mobile-payments services offered by technology giants. That’s the assessment from the Q1-2018 Mobile Pay Tracker report from Auriemma Consulting Group. Though 34% of consumers among the more than 1,500 surveyed use mobile payments—up five points from a year ago—not many are as willing to …

April, 2018

• 27 April

  How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants

  

  Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
• 26 April

  EVO Payments Explores Going Public

  

  EVO Payments International says it plans to go public and has filed an S-1 registration statement with U.S. Securities and Exchange Commission. The Atlanta-based payments company announced the move late Wednesday. Though the registration statement does not reveal how much EVO expects to raise by going public, the company says …
• 25 April

  Cayan Lifts Merchant Revenues for TSYS; Helgeson Gets an ‘Expanded Role’

  

  Boosted by its $1.05 billion acquisition of the big independent sales organization and merchant processor Cayan LLC in January, payment processor Total System Services Inc. (TSYS) saw its merchant revenues rise nearly 22% in the first quarter. TSYS’s Merchant Solutions segment posted net revenues of $317.4 million, a 21.8% increase …
• 23 April

  Are Masterpass and Visa Checkout Doomed by the New Shared Buy Button?

  

  Speculation that Visa Checkout and Masterpass brands may be on the way out has surfaced following announcements last week from Visa Inc. and Mastercard Inc. they would support a shared buy button for online purchases based on EMVCo’s Secure Remote Commerce specification. Reports of a possible phaseout of Masterpass, launched …
• 19 April

  Advice From a Veteran ISO Exec: Build Scale Fast, And Be Ready to Work With—Or Buy—ISVs

  

  The twin imperatives for independent sales organizations these days are to get bigger fast and to collaborate with independent software vendors, Todd Linden, chief executive of Paysafe North America, tells Digital Transactions News. Linden, a veteran acquiring-industry executive, should know. Paysafe North America’s parent company, London-based Paysafe Holdings UK Ltd., …
• 19 April

  Nearly Two-Thirds of Global POS Card Transactions Now Involve EMV Chip Cards and Terminals

  

  Boosted by the rapid rise of chip card payments in Asia and the United States, more than half of general-purpose credit and debit cards worldwide now have an EMV chip, EMVCo reported Thursday. Plus, nearly two-thirds of card-present transactions now involve an EMV card being read by a point-of-sale terminal that …