As more consumers make more digital payments, financial institutions and merchants face an increasingly complex challenge to better authenticate these transactions. That requires looking at ways to keep pace with criminals and staying in step with consumers, says Aite Group LLC in its latest report, “Digital Authentication: New Opportunities to …

Payments provider Aliant Payment Systems now offers Bitcoin acceptance for merchants through a deal with BitPay Inc., a Bitcoin processor, Aliant announced Monday. Fort Lauderdale, Fla.-based Aliant says the relationship makes it one of the first payment-processing companies to offer merchants Bitcoin acceptance. It is doing this, in part, because …

Merchants that process with Vantiv Inc. will have a new option to receive their settlements within minutes in the FastAccess Funding program the processor and program partner Visa Inc. announced Thursday. Merchants typically receive their settlement funds via the automated clearing house, which may take one to three days. Instead …

In anticipation of an upcoming PCI Security Standards Council specification for enabling PIN-on-glass transactions with consumer mobile devices, MagicCube released MC-Screen Shield, a back-end technology to help secure the PIN. PIN-on-glass technology—in which the PIN is entered via a display instead of using a dedicated PIN pad—has been available for …

VeriFone Systems Inc. is getting closer to a sale of its payments service for taxis, the company announced Thursday during its third-quarter earnings call. Announced in June, the divestiture of the taxi business, which VeriFone started 12 years ago, is in an active process, Paul Galant, chief executive, told analysts …

Marketers of integrated, cloud-based point-of-sale systems take note. It’s not enough to have full-featured service replete with multiple functions. It also takes a sales approach that is responsive and knowledgeable. That may sound like common-sense idea, but it’s one that has been vetted by The Strawhecker Group in its “The …

As businesses in the Houston area attempt to recover following the devastation of Hurricane Harvey in late August, the payments industry is offering assistance. First Data Corp. is offering thousands of its Clover Go mobile credit and debit card readers free to business owners affected by the hurricane. The offer includes …

The financial-services industry can take some satisfaction that it has improved its overall compliance with the PCI data-security standard, going from 42.9% of firms in full compliance in 2015 to 59.1% in 2016, as measured in the 2017 Payment Security Report from Verizon Enterprise, the business-services unit of telecommunications carrier …

Digiliti Money Group Inc., a provider of mobile remote deposit capture services for banks, has rejected Urban FT Inc.’s offer to save the company from potential bankruptcy, Urban FT announced Tuesday. Earlier in August, Digiliti said was considering “strategic options” that included a sale of the company or a Chapter …

Consumers have a new option when choosing a fitness device that’s capable of making a contactless payment. Fitbit Inc., a San Francisco-based maker of fitness trackers, announced its Ionic smart watch Monday that includes Fitbit Pay, the company’s first foray into contactless payments. Fitbit Pay, which will be available when …