Monday , March 18, 2024

News

March, 2024

  • 18 March

    Nuvei Could Be in Play To Be Taken Private by Advent International

    Montreal-based Nuvei Corp. early Monday issued a statement confirming it has received interest from potential investors and has created a “special committee” of independent directors to review “expressions of interest” regarding offers to take the company private, as well as other “strategic alternatives.” Private-equity firm Advent International Corp. is making …

  • 18 March

    FIS Enlists AI in Fraud Detection And Other Digital Transactions News briefs from 3/18/24

    FIS Inc. said its SecurLock service, working with artificial-intelligence technology from the fintech Stratyfy, is set to increase the volume of card transactions accurately identified as fraudulent, allowing clients to stop the transactions before they are consummated. FIS said the technology “was able to deliver a significant improvement of accurately identified …

  • 17 March

    As McDonald’s Recovers From a Global Outage, It Looks to Prevention And Accountability

    McDonald’s Corp. on Sunday showed signs it had largely recovered from a widespread system outage that began early Friday and shut down service, prevented card payments, and scrambled digital orders for hours at thousands of restaurants around the world. Now, the company is seeking the cause and promising to hold …

  • 15 March

    How the CFPB’s Mobile Wallet Rule Is Raising More Questions Than Answers

    The Consumer Financial Protection Bureau released its proposed rule on mobile wallets back in November, and comments on it closed Jan. 8, but that doesn’t mean the proposal isn’t still stirring up discussion as lawmakers, payments experts, and technology firms wrestle with its implications. The rule, which would define so-called …

  • 15 March

    COMMENTARY: Real-Time Funding Improves the Digital Wallet Experience. Here’s How

    Digital wallets such as PayPal, Venmo, Apple Pay, and Google Pay are ubiquitous components of everyday financial activity for millions of people. With users increasingly using and maintaining cash balances on digital wallets, they are starting to demand 24/7 access to their money. They also expect faster and more visible …

  • 15 March

    FedNow User Group Formed and other Digital Transactions News briefs from 3/15/24

    The Federal Reserve launched a user group for the 607 financial institutions that have signed on so far to participate in FedNow, the real-time payments network the regulator launched last summer with 35 participants, a count that had reached 400 by January. All live financial institutions and certified service providers are eligible …

  • 14 March

    Beyond payment acceptance – Leveraging APIs and open banking to provide more value

    By Steven Velasquez, Senior Vice President and Head of Partner Business Development – U.S. Bank | Elavon The emergence of open banking, financial services APIs, and banking as a service has changed the landscape of the payments ecosystem. It is no longer enough to offer integrated payments with your software …

  • 14 March

    DoorDash Expands Its SNAP/EBT Program to More Than 10,000 Stores

    DoorDash Inc. has added 13 grocery-store chains to its platform that will accept electronic benefits transfer and SNAP cards for payment. The list of grocers—which includes, ACME Markets, Food City, Hy-Vee, Jewel-Osco, Kings Food Markets, Pavilions, Randalls, Shaw’s, Sprouts Farmers Market, Star Market, Stater Bros. Markets, Tom Thumb, and Vons—comprises …

  • 14 March

    A New Mobile Wallet Is Set to Emerge for Electronic Games in Bars And Restaurants

    With the proliferation of smart phones, mobile wallets have been specializing in recent years as businesses find ways to work them into their payments stream and consumers find the devices impossible to leave behind. Now, mobile payments are coming to the world of electronic games in bars and restaurants. TouchTunes …

  • 14 March

    Elavon Lands BMO And Other Digital Transactions News briefs from 3/14/24

    Processor Elavon, a unit of U.S. Bank, said it will provide a payments platform to BMO. In addition to payment services for credit, debit, and digital payment transactions, Elavon’s services to the bank include customized merchant processing services, omnichannel acceptance, fraud management, and dynamic and multi-currency conversion. Processor Stripe Inc. added support for Apple …

Digital Transactions