Digital Transactions Authoritative, insightful and timely information for payments professionals
Remote deposit capture software provider Mitek Systems Inc. said in a regulatory filing “that it has received expressions of interest from multiple parties” and thus is considering various “strategic alternatives” to maximize shareholder value. The only suitor the filing identified is ASG Technologies Group Inc., a portfolio company of the …
January, 2019
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3 January
Processor Stocks Eke Out a 2018 Gain Despite a Bloody Fourth Quarter
It was a nasty December and fourth quarter, but transaction-processor stocks still beat the major market indexes in 2018, according to an analysis by Barrington Research Associates Inc. Twenty-six publicly traded processor stocks posted a mean return of 3.01% for the year versus a negative mean return of 6.24% for …
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3 January
A Look Back at 2018’s 10 Most Popular Digital Transactions Posts
Fraud, acquisitions, and interchange dominated the top 10 list of news articles posted to DigitalTransactions.net in 2018. Starting with a $6.2 billion pact between Visa Inc. and Mastercard Inc., on one hand, and defendant banks, on the other, stemming from 13-year-old litigation over credit card interchange, to American Express Co.’s …
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3 January
Credit Card Use Increases and other Digital Transactions News briefs from 1/3/19
Sixty-two percent of U.S. consumers used a credit card in 2018, up from 60% in 2017, finds a report from Mercator Advisory Group Bestpass Inc., a provider of toll-management services for commercial fleets, said it finished 2018 with 500,000 active transponders in its network of almost 6,000 clients. The fastest …
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2 January
All States Now Have Breach-Notification Laws and other Digital Transactions News briefs from 1/2/19
With the enactment of data-breach notification laws in South Dakota and Alabama in 2018, all 50 states now have such laws, according to the Covington & Burling LLP law firm. Financial-institution processor Fiserv Inc. said the newly chartered Mi Bank in Bloomfield Township, Mich., will use a variety of Fiserv …
December, 2018
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31 December
Merchant Crypto-Acceptance API Released and other Digital Transactions News briefs from 12/31/18
Bits of Gold, said to be one of the largest cryptocurrency exchanges in Israel, has developed an application programming interface that allows merchants to accept cryptocurrency and receive value in the form of U.S. dollars or Israeli shekels. Cybersecurity news outlet The Hacker News said PayPal Holdings Inc. banned without explanation …
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28 December
Epazz Spins Off ZenaPay and other Digital Transactions News briefs from 12/28/18
Chicago-based software developer Epazz Inc. spun off payments subsidiary ZenaPay Inc. as a Canadian corporation that will pursue business in the cannabis market. Citing a study by a British research firm, biometric card manufacturer SmartMetric Inc. says nearly 579 million biometric credit and debit cards will be in use globally …
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28 December
How eCommerce SMBs are futureproofing their businesses in the wake of payments evolution
Oscar Nieboer – CMO, Paysafe Group Security has overtaken reliability and cost as the top priority for businesses when selecting a PSP. Here’s why. There is a genuine belief globally that online goliaths such as Amazon, with the financial and human resources at their disposal to be at …
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27 December
Net Element Adds Cash Flow From Portfolio Acquisitions and other Digital Transactions News briefs from 12/27/18
A subsidiary of Visa Inc. is offering to buy Earthport PLC, a London-based provider of cross-border payments for banks and businesses, for approximately $250 million in cash. The offer represents a 250% premium to Earthport’s six-month average share price ended Dec. 24 and has the endorsement of Earthport’s board of …
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26 December
An AnywhereCommerce Suit Alleges Interference And Theft of Trade Secrets by Ingenico
In a lawsuit filed last week in federal court in Atlanta, mobile point-of-sale specialist AnywhereCommerce Inc. claims Ingenico Group SA interfered with its contracts and business relationships and violated its trade secrets. The case, filed Dec. 20 in the Northern District of Georgia Atlanta Division, alleges that Paris-based Ingenico and …
