Digital Transactions Authoritative, insightful and timely information for payments professionals
Jeff Yabuki will step down July 1 after 15 years as chief executive of Fiserv Inc. and will be succeeded by Frank Bisignano, who joined the company last year after it acquired First Data Corp., of which Bisignano was CEO, in a $22-billion all-stock deal. Yabuki, who is also Fiserv’s …
May, 2020
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7 May
FIS’s Merchant Revenue Balloons and other Digital Transactions News briefs from 5/7/20
Fidelity National Information Services Inc. (FIS) reported $935 million in revenue in its merchant solutions segment in the first quarter of 2020, a 1,770% increase from $50 million a year ago. That’s a reflection of the integration of acquirer Worldpay, which FIS purchased last year. Sales were up in non-discretionary verticals, online …
April, 2020
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28 April
Euronet Takes on U.S. ATM Outsourcing With Its Dolphin Debit Acquisition
It may be headquartered in suburban Kansas City, but payment-services provider Euronet Worldwide Inc.’s network of 46,070 ATMs operates in Europe, the Middle East, and Asia. With today’s announcement that it has acquired ATM outsourcer Dolphin Debit, however, Euronet is gaining a foothold in the U.S. ATM market. Houston-based Dolphin …
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23 April
Payroc Acquires Gateway Payments and other Digital Transactions News briefs from 4/23/20
Payroc LLC said it acquired Gateway Payments LLC, an independent sales organization with merchants primarily along the Gulf of Mexico coast. Terms were not disclosed.Weave Communications Inc., a provider of payments and other services for small businesses, said its Weave Lite tool set will be offered free for 90 days. Weave …
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9 April
Repay Adds Funding Integration and other Digital Transactions News briefs from 4/9/20
Payments-software provider Repay Holdings Corp. said it has integrated with lending-software vendor TurnKey Lender Inc., allowing financial institutions to fund loans at any time of day and accept loan payments by card or via the automated clearing house network through TurnKey’s platform or through mobile apps or other channels available to consumers.Upgrade …
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7 April
Global Payments Notes Covid-19 Revenue Impact and other Digital Transactions News briefs from 4/7/20
Payments processor Global Payments Inc. reported it began to see a significant impact on its results in mid-March from the Covid-19 pandemic, and now expects first-quarter adjusted net revenue to be up “slightly” for the quarter year-over-year. Citing the unknown “duration and severity” of the pandemic on its business, Global Payments suspended …
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3 April
Eye on Acquiring: VizyPay’s Echo Daily Acquisition; Nuvei Debuts Small Business Support Program
Independent sales organization VizyPay LLC is buying one-time competitor Echo Daily Inc., and Nuvei Technologies Inc. is launching its Merchant Guru program to assist merchants affected by the Covid-19 outbreak. West Des Moines, Iowa-based VizyPay says its acquisition of Minden, Nev.-based Echo Daily will provide a boost in employee expertise …
March, 2020
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31 March
Covid-19 Cuts Priority Technologies’ Volumes, but Processor Anticipates Future Growth
Priority Technologies Holdings Inc. says that just like other merchant acquirers its payment volumes are taking a hit as consumers and businesses hunker down in reaction to the corona virus. But its chief executive insists Priority’s diversified business model provides insulation from the pandemic’s worst effects. Overall processing volumes for …
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30 March
Dwolla Appoints Payscape’s Harris to Succeed Founder Milne As CEO
Dwolla Inc. said Monday it has hired Brady Harris to be its new chief executive, replacing founder Ben Milne. Harris comes to the Des Moines, Iowa-based payments provider from Payscape, an Atlanta-based merchant processor. Milne, who indicated this winter he wanted to step down as CEO, will stay with Dwolla …
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18 March
Familiar Names Dominate New Rankings of U.S. Merchant Acquirers, With Chase Retaining the Lead
JPMorgan Chase & Co. led U.S. merchant acquirers last year with $1.51 trillion in dollar volume processed, according to new industry rankings announced Wednesday by The Strawhecker Group. Long a powerhouse in acquiring, Chase led 2018’s rankings with $1.4 trillion in volume. Retaining second place last year was Worldpay, with …
