Vantiv & Chase Chases a Worldpay Play for $10B

Worldpay Group confirms it has received preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay. Any deal is expected to be valued in the US$10 billion range. The companies now have 28 days, or until August 1, to…

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Armed w/Expanded Funding InstaReM Heads to Europe and the U.S.

A Singapore-headquartered cross-border payments company has exploded on the payments scene. InstaReM has received a $13 million investment led by GSR Ventures, with participation from SBI-FMO Emerging Asia Financial Sector Fund, Vertex Ventures, Fullerton Financial Holdings, and Global Founders Capital. To date, InstaReM has raised over US$18 million in the last 18 months. InstaReM will…

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First University for Merchant Payment Services Training Now Online

The payments industry first and only online video university for merchant services professionals has been launched. Linkpay.University offers 12 courses and over 64 videos of merchant services training. Courses include everything from introduction into credit card processing, analyzing statements, how to sell merchant services, lead generation and consultants on real sales calls. After each 6-video…

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Big 6 U.S. Q1 Active Accounts Rise 7% YOY Despite Rising Attrition & New GAC Churn

U.S. bank credit card active accounts (AAC) (accounts with sales activity), among the top six U.S. issuers, increased 7.0% year-on-year (YOY) in the first quarter (1Q/17), according to CardData. There were 169.2 million active bank credit card accounts for 1Q/17 in the U.S. among the top six issuers: Citibank; Capital One; Chase, Bank of America,…

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Q1 U.S. GDV Marketshare: Visa +240 bps AXP -150 bps YOY

The nation’s four major payment card networks produced $1485 billion in U.S. gross dollar volume (GDV) in the first quarter (1Q/17) for a 6.0% year-on-year (YOY) gain. Visa continues to rule the market, growing its U.S. GDV marketshare from 58.7% in 1Q/16 to 61.1% in 1Q/17, largely at the expense of American Express, according to…

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SMS Hijack Attacks Raising Concerns Sending One-Time SMS Passcodes

The National Institute of Standards and Technology (NIST)’s recommendation to deprecate SMS one-time passcodes as a second factor of authentication takes a big leap forward with the help of Payfone. Payfone’s Instant Authentication for Mobile solution thwarts SMS Hijack and SMS-forwarding attacks. The company’s proprietary technology prevents these types of attacks by replacing easy-to-intercept OTPs…

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CardLess Cardtronics ATMs to Pop Up Everywhere in the US Over Next 2 Years

FIS Cardless Cash, which reduces the risk of card skimming, will be deployed on Cardtronics ATMs nationwide is a 24-month roll-out. The deployment for mobile users by Cardtronics, the world’s largest ATM owner/operator, will not require hardware upgrades. FIS Cardless Cash, which leverages the FIS Mobile Banking app, enables banking customers to withdraw funds from…

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Hot Poynt Smart Payment Terminal to Expand in Europe & Southeast Asia

Poynt has inked a strategic partnership with Wirecard to expand the availability of Poynt Terminals (the Poynt Smart Terminal and the Poynt 5) in Europe and Southeast Asia. The partnership will enable Wirecard to offer businesses of all sizes the most innovative payment solution on the market today. Poynt Terminals’ sleek design makes them easily…

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