Digital Transactions Authoritative, insightful and timely information for payments professionals
The PCI Security Standards Council and Retail & Hospitality ISAC issued a joint bulletin about a growing threat to e-commerce Web sites that the cybersecurity organizations say requires “urgent awareness and attention.” The threat, sometimes dubbed Magecart, involves sites infected with difficult-to-detect malware that skims payment card information during a transaction without …
August, 2019
July, 2019
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31 July
FIS-Worldpay Deal Closes and other Digital Transactions News briefs from 7/31/19
Fidelity National Information Services Inc. (FIS) said it has closed on its $43-billion cash-and-stock acquisition of processor Worldpay Inc. The deal was announced in March. Wednesday’s announcement follows approval of the merger by Worldpay shareholders last week and by the Federal Trade Commission in April.Apple Inc. CEO Tim Cook reported the Apple Pay mobile-payments service is now completing nearly …
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30 July
Eye on Acquiring: An End to the BAMS Joint Venture; Global Payments Updates TSYS Merger
The end of Bank of America Merchant Services, a merchant-acquiring joint venture between Bank of America Corp. and First Data Corp., is at hand. Charlotte, N.C.-based BofA said Monday it will pursue an independent merchant-acquiring strategy beginning in June 2020, though First Data, which that same day became part of …
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29 July
Fiserv-First Data Deal Closes and other Digital Transactions News briefs from 7/29/19
Fiserv Inc. formally announced the closing of its $22-billion, all-stock acquisition of processing giant First Data Corp.MagTek Inc. said its DynaPro Go PIN pad now offers Bluetooth LE connectivity. The company also launched its iDynamo 6 mobile card reader that works with iOS, Android, and Windows operating systems.Utah’s Deer Valley Resort said it detected malware on May …
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26 July
Worldpay Shareholders OK FIS Merger and other Digital Transactions News briefs from 7/26/19
Shareholders of payment processor Worldpay Inc. this week voted overwhelmingly in favor of the company’s planned merger with Fidelity National Information Services Inc., which is expected to close in the third quarter.The Bancorp Inc., owner of The Bancorp Bank, a major prepaid card issuer, reported gross dollar volume on the bank’s prepaid cards …
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25 July
Now That First Data Is Part of Fiserv, Strategies Emerge to Reinforce Banks’ Role in Payments
In what may be the biggest anticlimax in their careers, employees at First Data Corp. will walk into their offices Monday morning as employees of Fiserv Inc. And if Fiserv chief executive Jeffery Yabuki’s ambitions prove fruitful, the combined company will play a leading role in fending off nonbanks like …
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25 July
Fiserv-First Data Deal Will Close Monday and other Digital Transactions News briefs form 7/25/19
First Data Corp. and Fiserv Inc. expect to close Monday on Fiserv’s $22-billion acquisition of First Data. The deal, announced in January, has received final required regulatory approvals and non-objections, First Data said. First Data announced $2.49 billion in revenue for the second quarter, up 2% year-over-year.A group of Congressional Democrats, including presidential …
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24 July
P2P Sizzles for PayPal, Though a Snarled Integration Delays Its Entry Into Bill Pay
PayPal Holdings Inc.’s payments juggernaut shows no signs of weakening, but the company has found its latest product integrations bedeviled by slowdowns, forcing it to postpone some expected revenue. One such integration with bill-payment specialist Paymentus Corp. is a crucial one because it will allow PayPal to enter an enormous, …
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24 July
Discover Payment Volume up 8% and other Digital Transactions News briefs from 7/24/19
Discover Financial Services’ Payment Services unit reported its transaction volume grew 8% year-over-year to $61.8 billion, a result that included 7% growth for its Pulse electronic funds transfer network. Overall, total Discover revenue net of interest expense increased 10% to $2.85 billion, while net income jumped 13% to $753 million.In related …
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23 July
Visa’s Bullish on Contactless And Franchise-Broadening Acquisitions, Cautious on Libra
Visa Inc.’s net income jumped by a third in the quarter ended June 30, a period when the leading payment card network’s global transaction volume rose nearly 12% and the company completed or announced several acquisitions to broaden its franchise. Visa chairman and chief executive Alfred F. Kelly Jr. told …
