June 24, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Law and Regulation, Mobile Commerce, Point-of-sale, Smart Cards, Transaction Processing
Amadis, a payment software provider, announced an EMV migration product for petroleum and convenience stores. In conjunction with Advanced Mobile Payment Inc. and Texas Engineering Consulting Systems and Services, Amadis developed a proprietary Android-based contactless pay-at-the-pump product that decouples the fuel pump dispenser from the point-of-sale system, enabling payment authorization to take …
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June 23, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Transaction Processing
Visa Inc. said its Visa Token Service has now issued more than 1 billion tokens globally, with more than 680 million tokens issued in the past 12 months. Tokens replace Visa account numbers with data strings that are useless if stolen.Authentication services provider Giact released its “The Changing Landscape of Identity Fraud: Fraudsters Strike …
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June 19, 2020
Acquiring, ATMs, Competitive Strategies, Fraud & Security, Issuing/Originating, Law and Regulation, Person-to-Person Payments, Point-of-sale, Transaction Processing
ATM manufacturer Diebold Nixdorf Inc. extended its agreement with consulting firm Accenture plc to streamline its operations by making business processes digital and moving them to the cloud. Diebold Nixdorf says the pact could yield $50 million in savings through 2023.The Federal Reserve released its FraudClassifier model, an effort to bring consistency to the …
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June 18, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Real-time Payments, Transaction Processing
E-commerce spending in the United States surged 93% in May, compared to May 2019, according to Mastercard Inc.’s SpendingPulse data service.Installment-payment technology provider Splitit Payments Ltd. said it signed a multiyear deal with Mastercard Inc. to provide access to Splitit’s installment options through Mastercard’s merchant network. Split and Mastercard also plan to jointly …
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June 17, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Mastercard Inc. announced Amazon.com Inc. will start using tokens to replace actual customer card data throughout 2020. Tokenization replaces actual card data with data strings that are meaningless to outside parties. The process also permits automatic credential updating when cards expire.Payments card standards body EMVCo made it official—consumer-facing online-payment checkout options based on …
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June 16, 2020
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Merchant processor Square Inc. said that as of June 10 its Square Capital service had facilitated more than $820 million in Paycheck Protection Program loans to 76,000 small businesses since April 29. PPP loans are part of the federal government’s stimulus program to combat the economic downturn caused by the Covid-19 pandemic.In …
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June 15, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Wallets, Transaction Processing
Paysafe Group said it has expanded its Knect loyalty program for its Skrill digital wallet to the U.S. market. The program offers points that can be redeemed for cash when users perform transactions using the digital wallet or a linked Skrill Visa prepaid card. Last week, Paysafe launched its Skrill Money Transfer service …
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June 12, 2020
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Law and Regulation, Mergers & Acquisitions, Mobile Wallets, Transaction Processing
JotForm, a developer of online forms for businesses, announced an integration with the PayPal Commerce Platform allowing clients to accept credit card payments, transfers between PayPal accounts, and PayPal Credit financing options.Corporate-payments software provider Coupa Software Inc. said it has acquired Bellin Group, a vendor of treasury-management technology. Terms were not announced.With the popularity …
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June 11, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
E-commerce sales in Signifyd’s Covid-19 Weekly Pulse Report for E-Commerce dipped 8% for the week of June 2-8 compared to the prior seven-day period. With non-essential retail opening in many states, e-commerce sales may be settling into a new natural level, the report said.Retail sales in the CardFlight Small Business Impact Report for the …
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June 10, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Near-Field Communication (NFC), Person-to-Person Payments, Point-of-sale, Transaction Processing
Fifty-nine percent of all respondents to a survey by CouponFollow LLC, a provider of discount codes for online shoppers, are doing more online shopping as a result of the Covid-19 pandemic, and that jumps to 65% when looking just at the Gen-Z generation.A technology startup called BellyMelly launched a food-ordering app that lets …
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