American Express today dispelled market rumors that it would expand its OptBlue program. The program, launched in May 2014, allows merchants who charge less than $1 million a year through American Express, to use one of 18 merchant processors to secure a lower discount rate. Market participants tell Bank InnovationRead More
Post Tagged with: "First Data"
Which CEOs are making the most in financial services? King of the Comp was Frank J. Bisignano, the CEO of First Data, who pulled in nearly $52 million of total compensation last year, a whopping 454% year-over-year increase, according to new data from Equilar provided to The New York Times*.Read More
Netflix, Uber, Facebook, AirBnB, Spotify., Evernote. What do they have in common? In terms of payments, they all use the services of Adyen, the Amsterdam-based payments giant. Adyen operates in more countries and currencies than competitor Stripe, and serves large, international operations, while Stripe works with startups and developers. Adyen’sRead More
Utah-based Merrick Bank is entering the digital gift space with a partnership with the startup Yiftee, which enables online and mobile gifting.
Facebook announced yesterday that it would on August 12 shut down Facebook Gifts, its program selling virtual and physical gift cards for retailers such as Best Buy and Starbucks. Does this mean digital gift cards done? Hardly. Several payments players are placing bets on gift cards just as Facebook backs off. Payment processor First DataRead More
First Data is paying a lot of attention to startups (and small businesses) these days, and as part of that effort, announced its second acquisition of a payments startup this month. The company announced today that it has acquired Perka, a cardless mobile-based loyalty platform that designs customer loyalty programsRead More
Not going it alone is PayPal‘s new mantra, and Revel is the newest company to join forces with the eBay subsidiary as it dives deeper into retail. Revel Systems is a provider of cloud-based iPad point-of-sale software. Custom solutions are offered for a variety of merchants, from food truck vendors toRead More
First Data CEO Frank Bisignano introduced the new Clover Station point-of-sale solution at Money2020 in Las Vegas Wednesday. The station, shown in the video below, is the same bright white color as Square‘s point-of-sale system. Coincidence? First Data bought payments startup Clover last year and quickly initiated development of this POSRead More
Here’s a data point that deserves notice: PIN debit volume in the US spiked 6.7% last month. Yes, you read that right, 6.7%. With growth rates like that, PIN debit could finally hit the big time in this nation sooner rather than later. That growth rate was October was healthyRead More