News

May, 2017

• 12 May

  For Payments Players, Not Much Cause for Optimism in the Age of Trump, Analysts Warn

  

  While much of the corporate world has high hopes for a business-friendly bent from the Trump Administration, two policy analysts on Wednesday poured cold water on some of the payments industry’s fondest hopes for regulatory relief. One such hope, to scrap a 1,689-page rule regulating prepaid cards, was sinking fast …
• 12 May

  VeriFone And Global Payments Sign up for Mastercard’s Speedy EMV Protocol

  

  Efforts to make the EMV payment process more appealing to consumers and merchants got another boost with Mastercard Inc.’s announcement Thursday that point-of-sale equipment maker VeriFone Systems Inc. and payment processor Global Payments Inc. now support the card brand’s M/Chip Fast protocol. The protocol, announced a year ago, enables developers …
• 12 May

  NRF Launches Durbin Amendment Campaign and other Digital Transactions News briefs

  • The National Retail Federation on Friday launched a multimedia advertising campaign urging the House of Representatives to protect the Durbin Amendment. The campaign, which includes radio commercials targeting the districts of key Congressmen who have expressed support for repealing Durbin, comes as the House prepares to take up the Financial …
• 11 May

  A Complex Set-up Process Inspires the Launch of ‘Payment Facilitator in a Box’

  

  Payments consultants Todd Ablowitz and Deana Rich are out to prove you don’t have to spend months or years setting up to be a merchant-aggregation model that lets sellers process transactions on the aggregator’s merchant account. All told, the model holds the potential to generate more than $4.4 billion in …
• 11 May

  A P2P Payments Adoption Upswell Is Looming in 2017, According to a BofA Survey

  

  Consumers of all ages appear to be embracing person-to-person payments, finds the Bank of America Trends in Consumer Mobility Report released Thursday. The report, which surveyed more than 1,000 U.S. adults who have a banking account and a smart phone, found that 36% of all respondents use a P2P payments …
• 11 May

  Bambora Makes U.S. Debut and other Digital Transactions News briefs

  • Merchant processor Cayan has acquired Dallas-based Card Payment Services LLC, which processes more than $700 million annually for the waste-disposal industry. Terms were not announced. • Beanstream, a Canada-based payments provider that operated in the United States as Beanstream USA, has adopted its parent company’s name—Bambora—and will now will act as the …
• 10 May

  Eye on Earnings: Green Dot’s Key Card Metrics Grow; CardConnect’s Volume Rises 23%

  

  Prepaid card program manager Green Dot Corp. reported higher purchase volumes and card numbers in the first quarter while merchant acquirer CardConnect Corp. posted a 23% increase in bank card dollar volume. Purchase volumes on Pasadena, Calif.-based Green Dot’s cards totaled $5.5 billion, up 17% from $4.71 billion in 2016’s …
• 9 May

  First Data To Take Alipay Acceptance From Coasts To Entire U.S.

  

  Expanding on an acceptance relationship that began last October at high-end merchant locations in California and New York, processor First Data Corp. on Tuesday said it will offer its 4 million U.S. merchants in-store acceptance of the Chinese online and mobile-payment service Alipay, which is used by 450 million people …
• 9 May

  Carr Takes Heartland Lessons To Heart at Beyond, His Latest Startup in Payments

  

  Having built a successful payments processor and sold it to Global Payments Inc., Bob Carr is ready to build another company, but this time with a purpose beyond simply making money. Carr’s latest endeavor is Beyond, launched May 1, just over a year from the closing of Global Payments’ $4.3 …
• 9 May

  USA Technologies ePort Growth and other Digital Transactions News briefs

  • Visa Inc. said its April 2019 date for compliance with 3-D Secure 2.0, an online-commerce fraud-prevention standard, applies globally. In 2016, Visa had said compliance would start with Europe in April 2018. “We felt it was easier for our various stakeholders to have a single global date, so we aligned Europe accordingly,” …