Digital Transactions – Authoritative, insightful and timely …
WEBDigital Transactions Authoritative, insightful and timely information for payments professionals
Peter Lucas – Digital Transactions
WEBSep 27, 2024 · Reaction from the payments industry to the Justice Department’s announcement Tuesday that it is suing Visa Inc. over antitrust issues involving its debit card business was swift and pointed. As expected, representatives of the payments industry denounced the lawsuit as baseless, while representatives of …
How Global Payments Looks to ISVs, Payfacs, And M&A to Spur …
WEBAug 7, 2024 · Global posted $2.32 billion in adjusted net revenue for the quarter, up 6% year-over-year, with a 12% boost in adjusted earnings-per-share to $2.93. The merchant-solutions unit recorded $1.81 billion in revenue, an 8% rise, on a 6% increase in dollar volume. Issuer Solutions recorded revenue of $527 million, up 4%.
Fiserv Racks up Growth Via Strength in Merchant Services
WEBJul 24, 2024 · For the quarter, Fiserv recorded $4.8 billion in adjusted revenue, good for that 7% year-over-year increase. Organic growth—the increase excluding acquisitions—was 18%. The company’s Merchant Solutions unit accounted for half the quarter’s revenue, growing 7%. The unit’s Clover point-of-sale technology racked up $313 billion in ...
Processing Fees, Not Interchange, Are the Cost Merchants Should …
WEBAug 9, 2024 · Merchants’ disdain for interchange is well documented, but one aspect of card-acceptance costs that gets drowned out by the outcry over interchange is that rising processing fees are hitting merchants harder than interchange hikes, according to …
Early Warning Unveils Paze, Its Multi-Bank Wallet Aimed at Easing …
WEBMar 27, 2023 · Early Warning Services LLC, a fintech owned by seven of the nation’s largest banks, will launch its digital wallet with a pilot this summer followed by general availability in the fall, the top official in charge of the project said Monday. The new wallet, called Paze and aimed exclusively at e-commerce use, will start with backing by the ...
Why Regulators Are Saying ‘Yes’ to ... - Digital Transactions
WEBNov 17, 2020 · The DoJ based its lawsuit on its contention that Visa’s intention in buying Plaid is to stop it from building a data network that could ultimately compete with the number-one card system’s debit-networking business. Visa denies the claim and argues the antitrust suit is baseless. But with Mastercard’s deal for Finicity, while the ...
Illinois’s Interchange Lawsuit Wins National Prominence As More …
WEB5 days ago · The national legal battle over an Illinois interchange law continues to broaden in scope. Several national organizations representing merchants are expected to file amicus briefs with the United States District Court for the Northern District of Illinois Friday in support of the Illinois Interchange Fee Prohibition Act.The briefs are being filed in advance of an Oct. 30 preliminary hearing to ...
Card Issuer Marqeta Will Support Visa’s Flexible Credential
WEBJul 25, 2024 · Oakland, Calif.-based Marqeta said it has been working with both Visa and Affirm Inc., the buy now, pay later platform, to support the technology on its system. The flexible-credential technology lets cardholders choose from a list of payment methods when using a Visa card, including debit, credit, or BNPL, while relying on a single credential.
John Stewart – Digital Transactions
WEBSep 19, 2024 · Starting as an editor on <i>Bank Network News</i> at Faulkner & Gray, John ultimately played a key role in starting, editing, and publishing many of F&G's flagship publications, including <i>Credit Card Management, Card Technology, Card Marketing</i>, and <i>Collections & Credit Risk</i>. Before co-founding Boland Hill Media, John was a group publisher at Thomson Media responsible for a $10 ...