News

July, 2018

• 10 July

  Following Its Big June IPO, Adyen Continues To Surge

  

  Does it pay to bet on payments? If the bet is on Adyen N.V., it pays handsomely so far. The Dutch processor and payments gateway is showing no signs of slowing down since its initial public offering nearly four weeks ago. The stock, which trades on the Euronext Amsterdam exchange, …
• 10 July

  Google Pay Adds P2P And Mobile-Ticketing Features, But Google Pay Send Still Lives

  

  Two previously announced features—support for person-to-person payments and a new tab for storing mobile tickets—went live Tuesday in Google Pay, Alphabet Inc.’s online and mobile-payments app. The first is a peer-to-peer payment capability, formerly known as Google Wallet, that allows users to pay or request funds from other persons. This …
• 10 July

  NFC-Equipped POS Terminals Will Reach 112.3 Million by 2022, a Forecast Predicts

  

  Expect more point-of-sale terminals equipped with near-field communication capability over the next four years as the market is forecasted to grow at a 15.6% compound annual growth rate through 2022, says Berg Insight, a Sweden-based research firm. By the end of 2017, POS terminal makers had shipped an estimated 24.7 …
• 10 July

  Bob Carr Charged With Insider Trading and other Digital Transactions News briefs from 7/10/18

  

  The Securities and Exchange Commission filed a federal civil lawsuit Tuesday accusing former Heartland Payment Systems Inc. CEO Robert O. Carr and his girlfriend, Katherine M. Hanratty, with insider trading. Carr allegedly tipped Hanratty ahead of the December 2015 public announcement that Global Payments Inc. planned to acquire Heartland, and …
• 9 July

  Leadership Change in the Offing as VeriFone’s Buyout Approaches

  

  Former Pace plc chief executive Michael Pulli will replace Paul Galant as CEO of VeriFone Systems Inc. when the leading U.S.-based point-of-sale terminal manufacturer and payment services provider is acquired by private-equity firm Francisco Partners, VeriFone announced Monday. Galant, a former Citigroup Inc. senior executive who became VeriFone’s CEO in …
• 9 July

  BJ’s Wholesale Club Now Accepts PayPal and other Digital Transactions News briefs from 7/9/18

  

  Macy’s Inc. disclosed that criminals were able to breach sensitive data on Macys.com, the Detroit Free Press reported. Citing a letter sent to customers, the newspaper said Macy’s detected suspicious activity on June 11. The retailer then blocked customer profiles that appeared to be breached. Hackers were able to get …
• 9 July

  The ICBA Notches a ‘Victory’ Against Square, But Looks to Quash the ILC ‘Loophole’ for Good

  

  Square Inc. may be planning to re-file its application for deposit insurance with the Federal Deposit Insurance Corp., but that isn’t stopping its main opponent from celebrating the fact that the company has withdrawn its original application—at least for now. “We can call it a victory,” Chris Cole, executive vice …
• 6 July

  COMMENTARY: Success in Payments Is Now Just About Impossible Without Software Integration

  

  In the blink of an eye, technology has infiltrated the lives of consumers and businesses everywhere. And the evolution of computing technologies continues to impact economic growth and development, moving the world forward. The significant decrease in the cost of computing over the past decade has also made connectivity ubiquitous, …
• 6 July

  The Fed Seeks Comments on Adopting the ISO 20022 Messaging Format for the Fedwire

  

  The Federal Reserve Board said Thursday that it is seeking comments about its proposal to adopt the ISO 20022 messaging format for the Fedwire Funds Service. If approved, the format would replace the Fedwire’s current, proprietary messaging system. ISO 20022 enables payment providers to add more detailed instructions and other …
• 6 July

  Square Withdraws Bank Charter App and other Digital Transactions News briefs from 7/6/18

  

  Square Inc. has withdrawn a banking-charter application it made in September with the Federal Deposit Insurance Corp., saying it will re-file the application later after reviewing and strengthening it. A related application with the Utah Department of Financial Institutions remains active. Both applications are for an industrial-loan corporation, which is …