Digital Transactions Authoritative, insightful and timely information for payments professionals
The U.S. Department of Justice announced Thursday that it had reached a settlement with point-of-sale terminal makers VeriFone Holdings Inc. and Hypercom Corp. that calls for the sale of Hypercom’s U.S. assets to a unit of private-equity firm Gores Group LLC. The settlement removed an obstacle that held up VeriFone’s …
August, 2011
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3 August
Eschewing ‘Participation’ Fees, MasterCard Will Sweet-Talk Debit Issuers One by One
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3 August
Malware And Spear-Phishing Soar, Helping To Drive Rise in Breaches
While the payments business continues to fret about data breaches, new information emerged this week that helps explain how such pernicious leaks happen, and why they’re happening with increased frequency. While notable breaches like the one at Sony earlier this year steal headlines, cybercriminals are plundering accounts at organizations …
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2 August
S1 Spurns Takeover Offer from ACI, But ACI Says It Won’t Back off
n As it did July 26 when it announced its takeover offer for S1, ACI also said it is “prepared to do what is necessary to make this [transaction] happen.” The ACI statement did not elaborate. Some observers speculate the Elkhorn, Neb,-based software company will return with a sweetened …
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1 August
Isis Backer Verizon Wireless Agrees to Add AmEx’s Serve to Phones And Tablets
n n n n n n n New York City-based Payfone uses a consumer’s mobile-phone number to authorize purchases. AmEx led a $19 million investment in Payfone in April that included the investment arm of Verizon Communications, n
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1 August
DoJ Indicates Settlement Near in Antitrust Challenge to VeriFone-Hypercom Merger
The U.S. Department of Justice indicated Monday that a settlement of its antitrust challenge to the planned acquisition by VeriFone Systems Inc., the leading U.S. point-of-sale terminal maker, of rival Hypercom Corp. could be reached by Aug. 30. A DoJ court filing, however, does not give details about any …
July, 2011
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28 July
Heartland Hopes To Make Hay from Debit Price Controls with “Durbin Dollars”
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27 July
Visa Outlines New Fee Structure To Defend Its Debit Business
As Visa Inc. moves into the post Durbin-era, the debit card market leader plans to offer a fixed network participation fee and reduce its variable processing fee for Visa debit products in the United States. Executives expect the new fee structure will make Visa a more viable alternative to competing …
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27 July
First Checks, Now Cards: How Entrepreneurs Are Harnessing Cameras for Payments
n Jumio Inc., a startup based in Mountain View, Calif., this week introduced a system that lets consumers scan credit and debit cards using the Webcam built into many PCs. The launch follows a similar application introduced earlier this year by Card.io, San Francisco, that lets mobile phones scan …