Digital Transactions Authoritative, insightful and timely information for payments professionals

February, 2020

• 26 February

  EBay Sets Its Sights on the U.K. As It Prepares to ‘Go Hard’ With Its Managed-Payments Plan

  

  Online marketplace giant eBay Inc. said last month it has an aggressive expansion blueprint for its fledgling managed-payments program, and late on Wednesday the company announced its latest gambit by laying out a plan to move into the United Kingdom this summer. The service has been available in the United …
• 26 February

  Clover Station Pro Debuts and other Digital Transactions News briefs from 2/26/20

  

  Fiserv Inc. announced its Clover unit has launched Clover Station Pro, a cloud-based point-of-sale device featuring a customer-facing countertop display and software specific to quick-service and full-service restaurants on the Clover platform.Elavon Inc., the merchant acquiring unit of U.S. Bancorp, announced the sale of its Mexico-based operations to banking giant Santander …
• 25 February

  More Details About FedNow Expected in Coming Months

  

  The release date for the Federal Reserve’s planned FedNow real-time payments service is still three or four years off, but more details about its features will be released in the coming months, according to a Federal Reserve official. “This year we do plan to make an announcement based on … …
• 25 February

  Ajay Banga, Architect of Mastercard’s ‘Multi-Rail’ Strategy, Will Step Down As CEO in January

  

  Ajay Banga, chief executive of Mastercard Inc. for the past decade and the strategist who converted what had been mostly a consumer card network into a player in non-card and real-time payments, said Tuesday he will step down Jan. 1 as CEO. He will then assume the role of executive …
• 25 February

  With $70 Million in Fresh Funding, PayRange Is Ready To Displace Cash in Unattended Payments

  

  PayRange Inc. said its recent procurement of $70 million in funding will help accelerate its efforts to displace cash and convert cash-and-coin-only machines to electronic payments. Announced Tuesday, the funding will help with PayRange’s 2020 Consumer Choice Program. That is an effort to convert cash-only machines to electronic payments. Laundry operators, …
• 25 February

  MoneyGram Volume Up and other Digital Transactions News briefs from 2/25/20

  

  Wire-transfer provider MoneyGram International Inc. said transaction volume from its MoneyGram Online service grew 39% year-over-year in the fourth quarter; the company reported a net loss of $11.9 million compared with a loss of $12.5 million in 2018’s fourth quarter.Former Fit Pay Inc. shareholders are suing Garmin International, alleging the company, known for its …
• 24 February

  More Than 600 FIs Join Zelle Via Fiserv and other Digital Transactions News briefs from 2/24/20

  

  Fiserv Inc. announced more than 600 financial institutions have joined the Zelle peer-to-peer payments network through its Turnkey Service for Zelle program, with more than 300 of those institutions coming on board last year.Private-equity firm Great Hill Partners and payments provider VersaPay Corp. announced the closing of the previously announced acquisition of VersaPay by an …
• 21 February

  Shopify Joins Libra, Defying a Wave of Defections From the Cryptocurrency Venture

  

  The controversial Libra cryptocurrency project gained a new member Friday with Shopify Inc.’s announcement it will join the Libra Association, the governing body for the fledgling venture. Shopify’s decision comes in the face of a string of eight high-profile defections from the association since October, including decisions by Mastercard Inc., …
• 21 February

  The Clearing House Payments Co. And 11 Banks Take Stakes in an Access-Protection Firm

  

  FMR LLC, the parent company of Fidelity Investments, the big mutual-fund and asset-management firm, this week spun off Akoya LLC, a tech company that recently launched an account-access protection network. Akoya is now co-owned by FMR, The Clearing House Payments Co., and 11 of TCH’s member banks, a development expected …
• 21 February

  Cardtronics Eyes Deposit-Taking ATMs and Surcharge-Free and Branding Deals for Growth

  

  Thanks mainly to strong results in North America, leading non-bank ATM network owner Cardtronics plc saw fourth-quarter revenues rise, and in 2020 is seeking new growth from more partnerships with banks and fintechs and the deployment of deposit-taking ATMs. Houston-based Cardtronics now has nearly 1,000 deposit-taking and cash-accepting ATMs in …