One occasion of note is on the payments horizon: the holiday shopping season. To meet it head-on, ETA is offering projections on holiday spending trends and has released important educational resources for merchants to navigate the evolving payments landscape. Payments consultancy firm The Strawhecker Group estimates that 2014 fourth quarter electronic spending will increase 4.0% over 2013 to $887 billion.
New ETA/TSG Research Estimates 2014 4Q Electronic Spending Will Increase 4.0% Over 2013 to $890B
TSG COMMENTARY: Worldpay Enters Agreement To Acquire SecureNet; Further Boosts Omni-Channel Processing Strength
Guest Columnist Jared Drieling
This week, Worldpay, a global payments technology company based in London, announced that it had entered into a definitive agreement to acquire Austin-based SecureNet, a market leader in multi-channel commerce technology. The acquisition price was undisclosed. The transaction is expected to close in December 2014, pending regulatory approval. SecureNet serves more than 17,000 merchants, with processing volumes exceeding $19 billion annually and is principally owned by Chicago-based Sterling Partners. SecureNet's merchant count and dollar volumes likely include clients served via card processing, ACH, and its virtual terminal services and products.
Meanwhile, Worldpay is expected to process a total of nearly 10 billion transactions with a value of nearly half a trillion dollars in 2014. Worldpay is owned by private equity firms Advent International and Bain Capital. The acquisition of SecureNet by Worldpay was executed in order to leverage the company's merchant cloud-based solutions which integrate point-of-sale (POS), mobile and eCommerce payment processing into Worldpay's direct acquirer ecosystem, providing a distribution advantage. SecureNet's multi-channel inventory management system will also enable Worldpay to offer the ability to provide actionable, SKU-level data insights to clients to help them grow their business.
Special Edition ETA/TSG Economic Indicators Report
The report, produced by ETA and The Strawhecker Group, examines the top five topics impacting the industry this year including: data breaches, PayPal's split from eBay, Apple Pay, the competition between Amazon and Square, and EMV. The report then discusses payments indicators currently affecting the industry. One such indicator, the TSG Payments Index (TSGPX), compares payments companies to the S&P 500 and finds that a $100 investment in the TSGPX in Q1 2007 would now be valued at $286, as compared to $138 if invested in the S&P 500. Other indicators to follow include a look at the balance between merchant attrition and growth, and a review of 90 payments acquisitions from 2000 - 2014.
TSG Commentary on the Apple Pay Announcement
The Attrition Challenge
Kurt Strawhecker, Managing Partner of The Strawhecker Group, presented at the 12th annual MidWest Acquirers Association Conference on the topic of Merchant Attrition & Retention.
TSG's Thoughts & Analysis on Priority Payments Merger with Cynergy Data
The announced merger of Priority Payment Systems and Cynergy Data will create the 21st largest (est.) U.S. acquirer with more than 125,000 merchants and $20 billion in annual card volume. The merger propels the new Priority into a select group of the largest super-ISOs which include TransFirst, EVO Payments International, iPayment, North American Bancard, CardConnect and First American Payment Systems.
TSG ANALYSIS - Vantiv's Acquisition of Mercury Payment Systems
With the announcement of the planned acquisition of Mercury, Vantiv continues its aggressive acquisition strategy to increase penetration into the SMB market; this includes Litle & Co., National Processing Company (NPC), Element Payment Services, and now Mercury Payment Systems.
Trends of Payments Industry Google Search Terms
This FREE report shows how certain payments industry companies and terms are trending on Google web searches.
Categories of research include: mobile card processing, bitcoin, mobile wallets, card brands, public/non-public merchant acquirers, public payments tech companies, retailers, and trending payments topics.
ETA & TSG Release Q1 2014 U.S. Economic Indicators Report with Special TRANSACT 14 Introduction
The Electronic Transactions Association (ETA), the trade association of the global electronic payments industry, and The Strawhecker Group (TSG), a management consulting company focused on the global payments industry, have released the U.S. Economic Indicators Report for the first quarter of 2014.
Be sure and check out the special introduction: What is Average? A look at market rates around the U.S.
INFOGRAPHIC: The Top Ten Ways Acquirers Can Block the Breach
The Strawhecker Group (TSG), in coordination with the Electronic Transactions Association (ETA) for the benefit of TRANSACT 14 attendees, has developed a new Infographic entitled The Top 10 Ways Acquirers Can Block the Breach. This communication piece illustrates the best steps acquirers can take to minimize the risk of a payment card data breach, both internally and for their merchant clients.