Digital Transactions Authoritative, insightful and timely information for payments professionals

April, 2017

• 6 April

  Ant Financial Issues Letter Citing Commitment to MoneyGram’s U.S. Growth

  

  Yet another development has unfolded in the dueling bids for wire-transfer provider MoneyGram International Inc. As Ant Financial Services Group and Euronet Worldwide Inc. compete to acquire MoneyGram, Ant Financial on Thursday issued an open letter to MoneyGram that addresses Ant’s potential commitments to the money-transfer company. In addition to …
• 6 April

  Diebold Nixdorf Supports Windows 10 on ATMs and other Digital Transactions News briefs

  • Diebold Nixdorf Inc. claims to be the first ATM manufacturer to support Microsoft Corp.’s Windows 10 operating system. Microsoft will end support of Windows 7, widely used in ATMs, in January 2020. The company also introduced Essence, an ATM user interface that includes a touchscreen, an encrypted touchscreen PIN pad, …
• 5 April

  E-Commerce, Partnerships Rank High on New Elavon CEO’s List of Priorities

  

  Jamie Walker’s growth mission as the newly anointed chief executive at Elavon Inc., the acquiring arm of U.S. Bancorp, is squarely focused on e-commerce and furthering the company’s partnerships. That isn’t to set aside its other distribution channels, such as independent sales organizations or its direct-sales efforts, Walker tells Digital …
• 5 April

  Net Element Adds Russian Apple Pay Support and other Digital Transactions News briefs

  • The Western Union Co. said it has integrated Apple Pay into its mobile app, allowing U.S. customers to use the mobile-payments service to fund money transfers to more than 200 countries and territories, including domestic bill payments. More than 60% of digital-money transfers on Western Union’s network are initiated on …
• 5 April

  Bill Would Fund Trump’s Border Wall With a 2% Tax on Remittances to 42 Jurisdictions

  

  While President Donald J. Trump has promised to build a wall along the southern U.S. border to stop illegal immigrants and have Mexico pay for it, an Alabama Congressman’s bill would provide financial support from people in the U.S. sending funds to Mexico and 41 other countries or territories. And …
• 4 April

  In a Business That ‘Requires Scale,’ Avangate Swallows 2Checkout And Eyes More Deals

  

  For a company looking to grow via acquisitions, the increasing complexity of the payments business can be an advantage. That’s what Atlanta-based Avangate Inc. is banking on. On Friday, the online processor for digital goods clinched a deal to acquire 18-year-old e-commerce gateway 2Checkout.com Inc., and its appetite is hardly …
• 4 April

  Deluxe Completes RDM Purchase and other Digital Transactions News briefs

  • In a bid to reach cash-only customers, Amazon.com Inc. launched Amazon Cash, a service that gives users a barcode they can store in their smart phone or print and bring to a participating store to add cash to their Amazon balance. Participating stores include CVS, Speedway, Kum & Go, and …
• 4 April

  Criminals Hit More Firms in 2016 as Check, ACH Debit, and Email Fraud Attempts Rose

  

  Nearly three-fourths of corporate treasury and finance executives say their organizations were hit by actual or attempted payment fraud in 2016, with check, automated clearing house debit, and email fraud attempts all rising, according to the Association for Financial Professionals’ ninth annual payments fraud survey. Some 74% of respondents said …
• 3 April

  TSYS’s Netspend Unit To Pay $53 Million As Part of FTC Settlement

  

  Netspend, the prepaid card unit of processor Total System Services Inc. (TSYS), will pay $53 million as part of a settlement it reached with the Federal Trade Commission over allegations concerning how it handled some marketing materials. The settlement, announced Friday, calls for Netspend to set aside $40 million to …
• 3 April

  National Interest Rears in Ant’s MoneyGram Bid and other Digital Transactions News briefs

  • China-based Ant Financial Services Group’s $880 million bid for wire-transfer provider MoneyGram International Inc. is generating increasing opposition in Congress on national-security grounds, according to press reports from Washington. U.S.-based Euronet Worldwide Inc. last month submitted an unsolicited $1 billion bid for MoneyGram. • Avangate, a subscription-management and e-commerce platform, announced …