Digital Transactions Authoritative, insightful and timely information for payments professionals

April, 2018

• 27 April

  Capturing Payments Through Omnichannel Consumer Experiences

  

  By Scott Dowty, Chief Revenue Officer at Apriva, LLC Merchants today need to connect with their prospects and customers across multiple channels to survive and thrive.  This “omnichannel” strategy requires meeting the customer in store, online, with mobile, with self-service and vending, perhaps even with mail order/telephone order options.  And …
• 27 April

  How Square’s Deal for Weebly Sets the Stage for Expansion to Bigger Merchants

  

  Since its founding nine years ago, Square Inc. has focused on simplified checkout options and software for small brick-and-mortar merchants. With its acquisition of Weebly Inc., announced late Thursday, San Francisco-based Square is not only staging a major expansion into e-commerce, it’s also laying the groundwork for a significant outreach …
• 27 April

  Discover’s Network Volumes Grow; Company Eyes ‘Non-Traditional’ Ways To Keep Growth Up

  

  Dollar volume in Discover Financial Services’s Payment Services unit rose 19% in the first quarter to $56.1 billion, led by a resurgent Pulse debit network where volume jumped 20%. Pulse, one of the nation’s largest electronic funds transfer networks, has been rebounding in recent quarters have a long period of …
• 27 April

  PayNearMe Expands Payless Deal and other Digital Transactions News briefs from 4/27/18

  

  Customers of safeTstep, the business-to-business division of Payless ShoeSource, can now use PayNearMe to pay for online orders with cash at more than 27,000 U.S. locations, Payless said. This follows an earlier announcement that consumers can use PayNearMe for their Payless.com purchases. The Zelle person-to-person payments network moved more than …
• 26 April

  EVO Payments Explores Going Public

  

  EVO Payments International says it plans to go public and has filed an S-1 registration statement with U.S. Securities and Exchange Commission. The Atlanta-based payments company announced the move late Wednesday. Though the registration statement does not reveal how much EVO expects to raise by going public, the company says …
• 26 April

  In Pursuit of Holistic AML

  

        by Computer Services, Inc. (CSI) Now, more than ever, achieving a 360-degree view of customers is essential for optimized and effective anti-money laundering (AML) compliance. Financial institutions, including banks, investment firms, and insurers—and the services they offer both retail and corporate customers—have grown in size and complexity …
• 26 April

  Visa’s Stock Returns and other Digital Transactions News briefs from 4/26/18

  

  China’s central bank informed American Express Co. that it would “formally accept” its application to clear and settle domestic bank-card transactions, potentially making AmEx the first U.S. card network to get permission to operate in China, The Wall Street Journal reported. Visa Inc.’s stock has produced a total shareholder return …
• 25 April

  Visa Checkout’s Future: Secure in the Short Term, Cloudy in the Long Term

  

  Visa Inc. isn’t about to pull the plug on Visa Checkout, but judging from comments Visa’s top executives made Wednesday, the online and mobile-payment service’s long-term outlook looks quite iffy. The future of both Visa Checkout and Mastercard Inc.’s Masterpass equivalent was called into question last week when The Wall …
• 25 April

  A Surging Performance From P2P Services Helps Boost Results for PayPal’s First Quarter

  

  The PayPal Holdings Inc. machine just keeps chugging. The company announced on Wednesday added momentum in the first quarter, driven in part by gains in consumer and merchant accounts, results for Venmo, its popular peer-to-peer payments app, and strong performance for One Touch, its streamlined checkout technology. Without offering details, …
• 25 April

  Cayan Lifts Merchant Revenues for TSYS; Helgeson Gets an ‘Expanded Role’

  

  Boosted by its $1.05 billion acquisition of the big independent sales organization and merchant processor Cayan LLC in January, payment processor Total System Services Inc. (TSYS) saw its merchant revenues rise nearly 22% in the first quarter. TSYS’s Merchant Solutions segment posted net revenues of $317.4 million, a 21.8% increase …