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Visa Investment a Hefty Vote of Confidence in Struggling Square
Visa has accumulated a 9.99% stake in Square, according to a filing with the Securities and Exchange Commission, giving a boost to the mobile point of sale company, which has faced challenges recently.  more »
Bloomberg News
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By now, many merchants should be wondering if they made the right decision by failing to act before last fall’s EMV liability shift. more »
Bloomberg News
U.S. Bancorp has hired John Steward as president of its retail payments solutions division. more »
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Heartland Payment Systems is quickly accumulating technology to serve smaller merchants and restaurants, two key pieces of the services that made the processor attractive to Global Payments, which is in the midst of acquiring Heartland. more »
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Golf course management software provider Club Prophet Systems is using the linked2pay application interface to add Automated Clearing House payment acceptance as an option for its clients. more »
U.S. merchants are still reluctant to embrace 3D Secure technology to protect card-not-present transactions, even though it has vastly improved from the initial tedious version that irritated consumers more than a decade ago. more »
Payments startup Coin Inc. has weathered challenges since its splashy crowd-funded launch in 2013, and now it’s got a new one: A lawsuit claiming the all-in-one payment card product didn’t live up to its initial promises. more »
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At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions. more »
Bloomberg News
ExxonMobil has expanded the rewards program on its store-branded credit cards, to provide a larger discount on fuel sales. more »
Verifone, which is challenged to move beyond its reliance on selling traditional payments hardware, is producing an almost dizzying array of products in hopes of diversifying. more »
M. Troy Woods, president and CEO of TSYS
The pressure on merchant acquirers to enable transactions in more channels for more merchant types is accelerating, and TSYS is turning to the M&A market to accelerate its digital diversification, announcing an agreement with Vista Equity Partners to acquire Vista portfolio company TransFirst for $2.35 billion in cash. more »
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The newest audience flocking to omnichannel shopping is the one no one invited—fraudsters. more »
Bloomberg News
American Express Co., the biggest credit- card issuer by purchases, said fourth-quarter profit fell 38% as expenses rose and the company took a restructuring charge. more »
Digital insurgents like Square and PayPal are becoming more of a threat to ISOs as they provide more complex services, including some that encroach on the merchant cash advance market. Plus, now that the EMV deadline has come and gone, who's ready and who's playing catch up?