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News

May, 2015

  • 4 May

    Execs’ Confidence in the Security of New Payments Systems Runs Low: Survey

    Confidence in the security of new payments systems is not high among businesses executives, finds the “Data Security in the Evolving Payments Ecosystem” report released Monday by the Ponemon Institute LLC. In the report, commissioned by Experian, 36% of respondents said they are not confident about the security of a …

  • 4 May

    First Data’s Finances Continue To Brighten as New Clover POS Products Debut

    Processing giant First Data Corp. didn’t manage to record a second consecutive profitable quarter, but its financial picture did continue to brighten. Simultaneously, First Data officially launched two new, smaller-footprint products in its Clover line of mobile point-of-sale technology. The Atlanta-based company on Monday announced it had taken a $112 …

  • 1 May

    TMS Alters Agent Compensation Plan As Part of a Push to Leverage EMV And NFC

    Independent sales organization Total Merchant Services Inc. hopes a newly altered agent-compensation plan will result in more merchants using EMV-compatible point-of-sale terminals. The U.S. payment card industry is migrating to EMV chip cards, requiring that merchants use compatible terminals. As a way to motivate its sales agents and get more …

  • 1 May

    Eye on Earnings: Western Union, MoneyGram Report Online Growth; Heartland Prospers

    By Jim Daly Leading wire-transfer providers The Western Union Co. and MoneyGram International Inc. both reported big growth in their online businesses in the first quarter while merchant acquirer Heartland Payment Systems Inc. posted strong increases in charge volume. • They’re still a small portion of its overall business, but …

  • 1 May

    Heartland Preps Merchants for EMV As CEO Carr Cites Small-Seller Challenges

    The message about EMV and its payment-processing benefits is not sinking in with smaller merchants. That’s the assessment from Heartland Payment Systems Inc.’s chief executive Robert O. Carr, who says Heartland is responding by offering all-in-one security technology that includes but goes beyond EMV. “Well, resonating would be an overstatement,” …

April, 2015

  • 30 April

    Speedier Checkout Options Necessary for M-Commerce Growth, Report Says

    Improving online conversion rates, especially for mobile commerce, depends on providing many options for faster checkout experiences. That’s the assertion of the newly released “Mobile Commerce Forecast 2015-2018” from Mark Beccue Consulting Inc. Beccue predicts that global mobile-commerce payment volume will grow from $187.5 billion in 2014 to $744 billion …

  • 30 April

    Adyen Report Shows Rapid Rise in U.S. M-Payments, Steady Increase Worldwide

    It’s becoming a familiar refrain in the payments industry: Payments made using mobile devices, such as smart phones and tablets, continue to garner more and more traction. The latest Mobile Payments Index from international payments company Adyen finds that such payments accounted for 27.2% of total global online payments made …

  • 30 April

    Visa’s Scharf Stresses ‘Unique’ Benefits of Costco Deal, Decries Industry ‘Gossip’

    Visa Inc.’s branding and marketing strengths were what won Costco Wholesale Corp. over from American Express Co. in a set of exclusive acceptance and cobrand agreements announced early in March, according to Visa chief executive Charles W. Scharf, who spoke Thursday afternoon during a conference call to discuss Visa’s results …

  • 29 April

    It’s Mooney in, Davidson out As MCX Picks a New CEO Ahead of Expected Launch

    Brian V. Mooney, who on Tuesday took over as interim chief executive of the retailer-controlled Merchant Customer Exchange LLC payments consortium, brings strengths to the organization that could prove valuable when MCX at last launches its long-awaited CurrentC mobile-payments system, sources tell Digital Transactions News. And, by some accounts, he …

  • 29 April

    MasterCard Posts Increases in Transactions and Charge Volume, and Boosts Incentives

    Transaction volumes, revenues and profits all headed up smartly for MasterCard Inc. in the first quarter. But MasterCard on Wednesday also reported laying out nearly $900 million in rebates and incentives during the quarter to build future volume in an increasingly competitive global card marketplace. In the United States, total …

Digital Transactions