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« October 30, 2011 - November 5, 2011 | Main | November 13, 2011 - November 19, 2011 »

November 10, 2011

Vantiv Files For IPO

Vantiv logo 140pxSeveral media outlets are reporting that Vantiv, formerly Fifth Third Processing Systems, has filed IPO paperwork to go public. Vantiv is now jointly owned by Fifth Third Bancorp and Advent International. Reuters has a good overview of the news. The Vantiv website is here.

November 09, 2011

First Data Releases October 2011 SpendTrend

First data logo 140x60pxFirst Data has released its First Data SpendTrend analysis for the full month of October 2011 compared to October 2010.
In October, dollar volume growth held steady at 9.4% versus September’s growth of 9.5%. Overall transaction growth improved to 7.5% in October from 7.1% in September. Inflation continued to be evident in the food sector as Food/Beverage Stores posted average ticket growth of 2.3% for the second consecutive month.

SpendTrend tracks same-store consumer spending by credit, signature debit, PIN debit, EBT cards and checks at U.S. merchant locations.

November 08, 2011

Payments Views - Mobile Self-Checkout Breaks Out for POS Payments

GP Logo Horizontal 140pxIn reaction to Apple's EasyPay mobile checkout technology, Glenbrook's Russ Jones weighs in on the topic of mobile self checkout that seems to be catching momentum in the marketplace. Over on Payments Views, in a posted entitled "Mobile Self-Checkout Breaks Out for POS Payments" Russ elaborates on today's NFC mania:
Maybe retailers and shopkeepers could just embrace today’s mobile technology instead, change their in-store control procedures, and let a thousand flowers bloom? When Apple — arguably one of the most successful retailers in the last decade — says that mobile self-checkout is ready for use today, others might very well want to have a look. And quickly.

Linkable Networks and 24/7 Real Media Partner on Card Linked Offers

Linkable networks logo 140x60pxLinkable Networks, formerly Clovr Media, and 24/7 Real Media have announced a partnership that taps into consumers’ growing interest in digital coupons that are directly linked to credit and debit cards.
Brands advertising across 24/7 Real Media’s Global Web Alliance of top publishers can now use Linkables to enhance their online advertising campaigns with advertiser-level and manufacturer-level discounts and offer the ability to link deals to any debit or credit card. The 24/7 Real Media partnership positions Linkable Networks, on the heels of an investment from Citibank, as the premium choice for brands looking to elevate loyalty marketing, sponsorship activation and customer engagement.

AmEx Announces $100 Million Digital Commerce Investment Initiative

Amex logo 140pxAmerican Express has announced a new multi-year digital commerce initiative designed to help identify and develop innovative technologies, and plans to invest $100 million in early stage startups in the digital commerce space.
“American Express is a 162 year old company that has continuously reinvented itself,” said Dan Schulman, Group President, Enterprise Growth, American Express. “As we enter the next chapter in our history, we recognize the need to work with emerging technology companies to inspire change, encourage innovation, and ultimately deliver the best products and services to our customers.”

November 07, 2011

Payments Views - Micro Merchants: P2P Squared?

GP Logo Horizontal 140pxOver on Payments Views, Glenbrook's Carol Coye Benson blogs about the different micro-merchant payment models emerging in the U.S. market. In a post entitled, "Micro Merchants: P2P Squared?" Carol writes, "I’ve been thinking a lot about the opportunities around helping micro merchants accept electronic payments. You know, your basic nanny/gardner/hot dog vendor/flea market vendor scenario."

Federal Reserve Reports Consumer Credit for September 2011

FedThe US Federal Reserve has reported its latest G.19 Consumer Credit statistics - finding that "consumer credit increased at an annual rate of 1.5% in the third quarter. Revolving credit decreased at an annual rate of 3.25%, while nonrevolving credit increased 3.75%. In September, consumer credit increased at an annual rate of 3.5%."

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