Friday , March 29, 2024

News

March, 2012

  • 27 March

    Groupon Deal for FeeFighters Points up Rewards Brokers’ Need for Acquiring Ties

    Groupon Inc.’s acquisition of a Web site that lets processors bid for merchant contracts represents a big opportunity for the online rewards giant but also underscores the dependence of such services on the merchant-acquiring business, a researcher who follows acquiring says. In the deal, announced on Friday, Groupon bought FeeFighters, …

  • 26 March

    Monitise Heightens Its U.S. Mobile-Payments Profile With Pending Clairmail Deal

    British mobile-banking and payments technology provider Monitise plc announced a $173 million deal Monday to buy San Rafael, Calif.-based Clairmail Inc. that will give Monitise a much bigger U.S. presence in mobile financial services and further consolidate a market nurtured by startups but feeling the increasing presence of international card …

  • 23 March

    Processor JetPay Takes Some Flak But Keeps Flying After Direct Air Bankruptcy

    n “The bankruptcy court in question agreed with our motion that the escrow account is for the consumer,” Trent Voigt, chief executive of JetPay LLC of Carrollton, Texas, told Digital Transactions News moments after a hearing ended in the case of Southern Sky Air & Tours LLC, doing business as …

  • 22 March

    Vantiv Joins the Ranks of Publicly Traded Payment Processors

    Vantiv Inc. began trading on the New York Stock Exchange on Thursday with the symbol VNTV, having priced its shares late on Wednesday at $17, the mid-point of its estimated opening range. The Cincinnati-based payment processor saw its initial offering of 29.4 million shares raise just shy of $500 million. …

  • 21 March

    Dwolla Readies Pilot for Near-Instant Funds Movement with 16 Financial Institutions

      n The private beta, as Dwolla dubs its test, will open up to consumers within “ a couple of months,” Charise Flynn, the Des Moines, Iowa-based company’s chief operating officer, tells Digital Transactions News. n About 60 people are involved in the test currently, Flynn says, though most of …

  • 21 March

    Payments Fraud at Companies Moderates, But Remains at High Levels, AFP Says

    Payments fraud against companies moderated during 2011, with the share of companies experiencing payments fraud falling to the lowest level since 2004, according to the Association for Financial Professionals’ latest annual study of corporate payments fraud. Nevertheless, the level of fraud remained elevated, with the majority of organizations reporting attempted …

  • 21 March

    Phrased Out: Amazon Kills PayPhrase, Offers Businesses Multiuser Service

    Amazon.com Inc. quietly killed its PayPhrase online-authentication service on Feb. 20, not quite two-and-a-half years after introducing the system. The PayPhrase credentials system allowed online shoppers to check out using only a word or phrase of their choosing and a PIN that they had registered with the Amazon Payments service. …

  • 19 March

    Studies: Gift Cards Preferred to Higher-Value Gifts, While Many Prepaid Holders Are Banked

    As the prepaid card market matures, more data are emerging about surprising consumer behavior regarding prepaid cards or that challenge the conventional wisdom. For example, research commissioned by big processor First Data Corp., a major player in the prepaid space, found that given a choice between taking a gift or …

  • 19 March

    Bill Payments by Paper Check Fade As ACH Bill Pay Continues Its Growth Spurt

    New data from automated clearing house governing body NACHA reaffirm the continuing gains of electronic bill payment and the long-term decline in consumer check writing to pay bills. NACHA’s report for 2011’s fourth quarter says that transactions under the so-called WEB standard entry class code for Internet bill-payment debits grew …

  • 15 March

    PayPal Announces a Merchant-Acceptance App That Goes Beyond Cards

    The news leaked earlier this week, but PayPal confirmed on Thursday it has created a mobile-acceptance product to compete with the myriad such services already on the market from hardware and software companies, as well as merchant processors. Still, PayPal’s product, called PayPal Here, may stand out from the crowd …

Digital Transactions