Digital Transactions Authoritative, insightful and timely information for payments professionals
By John Stewart Top executives in the acquiring business are accustomed to looking far into the future, but one near-term concern popped up repeatedly at this week’s Strategic Leadership conference in Scottsdale, Ariz.: How will merchants react when they get their first statements showing chargebacks for counterfeit card fraud? As …
Read More »The Post-IPO First Data Continues To Navigate a Shifting Payments Landscape
First Data Corp.’s push to transform itself into a nimbler and more responsive payments processor continues on, with changes in its internal structure and approach to servicing merchants leading the way, says a First Data executive. In an interview Thursday with Digital Transactions News, Dan Charron, First Data executive …
Read More »Merchant Acquirer TransFirst Takes Another Stab at an IPO
Add TransFirst Holdings Inc. to the growing roster of payments companies turning to the publicly traded stock markets to raise cash. The big merchant acquirer late Friday announced it filed an S-1 registration statement with the U.S. Securities and Exchange Commission for an initial public offering of stock. The filing, …
Read More »First Data Raises $2.5 Billion as it Re-Enters the Stock Market, but Investors Lukewarm
Processing titan First Data Corp.’s return to the stock market Thursday was met with a tepid response from investors in the Atlanta-based company. First Data, which turned to the market to raise money to pay off debt, priced its initial public offering late Wednesday at $16 per share, which …
Read More »VeriFone Snaps Up Curb, a Taxi-Hailing and Payments App
VeriFone Systems Inc. reported Tuesday that it bought Curb, a taxi-hailing service that offers consumers an electronic hailing app. The move boosts San Jose, Calif.-based VeriFone’s involvement in taxis, which started almost 10 years ago, and complements Way2ride, a taxi-payment service VeriFone launched in 2013 to provide. The Curb …
Read More »With NFC Finally Getting a Foothold, More Uses Could Mean More Payments, Experts Say
Finding more ways to incorporate near-field communication (NFC) technology into everyday objects could eventually mean more payments. At least that’s the future as envisioned by panelists at the NFC Solutions Summit this week in Phoenix. Sponsored by the Smart Card Alliance, the conference examined ways NFC technology, which enables wireless …
Read More »Live Nation Whets Its POS Appetite With a Big Mobile and Fixed-Unit Deal from Appetize
Venue operator Live Nation Entertainment will install more than 4,400 fixed and mobile point-of-sale devices supplied by cloud-based mobile point-of-sale maker Appetize in 32 venues, Appetize announced Tuesday. Four-year-old Appetize says this is its largest single POS deployment yet. About half of the devices in the Live Nation deal …
Read More »At Its Innovation Center, Visa Puts an In-Store Self-Checkout App to the Test
Visa Inc. is providing emerging self-checkout provider Digital Retail Apps another venue to showcase its smart phone-based service by enabling it at the Visa Innovation Center, its technology lab in San Francisco. Toronto-based Digital Retail Apps says Visa will integrate the SelfPay technology into the Visa Everywhere Shop app, enabling …
Read More »EMV Transition Marks Progress in Cards And Transactions, Evokes New Products
With the Oct. 1 liability-shift milestone passed, payments companies are reviewing progress so far and introducing new products to take advantage of the migration to EMV chip card payments. First up is MasterCard Inc., which says that “tens of millions” of chip-enabled transactions are being made in the United States. …
Read More »First Data Launches Its IPO With an Offering That Could Value Processor at $17.6 Billion
By John Stewart Payments-processing titan First Data Corp. on Thursday launched its long-awaited effort to go public with an initial offering of stock that would value the company at as much as $17.6 billion and raise as much as $3.2 billion. The IPO could well be the largest seen on …
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