News

October, 2024

• 30 October

  Visa Finishes Strong, Even With the DoJ Taking It to Court

  

  Despite the dark cloud the U.S. Department of Justice’s recent lawsuit over Visa Inc.’s debit business has cast over the network, Visa finished its fiscal year 2024 on a strong note. Among the highlights during Visa’s earnings call late Tuesday were growth in credentials, tokens, and merchant locations, along with …
• 30 October

  Eye on E-Commerce: Paze on Track for 150 Million Enrolled Cards; Transaction Details Vital in Worldpay’s FraudSight Cap One Tie-in

  

  With the holiday shopping season about to start in earnest, payments companies are preparing their clients—merchants and issuers—for the increased volume of both legitimate and fraudulent transactions. New checkout entrant Paze says with more than 125 million cards enrolled in the e-commerce payment option it anticipates reaching the goal of …
• 30 October

  Worldpay Offers Klarna Globally and other Digital Transactions News briefs from 10/30/24

  

  The big processor Worldpay has agreed to offer Klarna AB as a default payment method to its merchants around the world. Worldpay says it processed $2.3 trillion in volume last year for more than 1 million merchants worldwide. Visa Inc. announced it has agreed to provide real-time money-movement capability for users making deposits …
• 29 October

  How Payment Technology Companies and Agents can use Loyalty Programs

  

  In today’s cutthroat business environment, it is imperative that we as payment technology professionals find ways to help small and mid-sized businesses keep pace with their larger competitors. One highly effective way to do so is by offering a robust customer loyalty program. According to Queue it, 65% of a …
• 29 October

  PayPal’s CEO Looks to Kickstart Growth With Initiatives Like Fastlane and Complete Payments

  

  PayPal Holding Inc.’s top management early Tuesday wasted no time extolling the early returns on several initiatives the payments company has launched in recent weeks to reinvigorate growth at the 26-year-old company. Chief executive Alex Chriss, in office for barely more than a year, made it clear he is exercising …
• 29 October

  Eye on Payments: Nvidia’s AI Fraud Detection Tool; RTP’s Ongoing Use Grows

  

  The evolution of artificial-intelligence tools toward countering credit card transaction fraud took another step with the launch of a new AI workflow from Nvidia Corp. Meanwhile, the RTP network from The Clearing House Payments Co. LLC finds that 90% of organizations’ counterparties whom they send to or receive instant payments …
• 29 October

  SumUp’s Tap to Pay and other Digital Transactions News briefs from 10/29/24

  

  The payments fintech SumUp said it has made Tap to Pay on iPhone capability available for clients in Sweden, Ireland, Austria, Czech Republic and Romania. The technology allows merchants to accept card payments with nothing more than an iPhone. Payment Solutions Providers Services Inc., a Canadian fintech, has agreed to acquire the …
• 28 October

  Shift4 Puts Its Weight Behind Cryptocurrency as a Payment Option

  

  Shift4 Payments Inc. early Monday gave cryptocurrency a big shot in the arm as a payment option with the announcement it will support digital currencies across its merchant network.   Shift4 will support coins including Bitcoin, Ethereum, and Solana SOL, as well as  US Dollar Coin and other major stablecoins, …
• 28 October

  Chopra Fires Back at Critics of the CFPB’s New Data-Privacy Rule

  

  Rohit Chopra, director of the Consumer Financial Protection Bureau, spent his Sunday afternoon highlighting key elements of the CFPB’s new data-privacy rule and criticizing banking organizations that have targeted the rule. The assault on the regulation includes a lawsuit filed the same day the final rule, in development for more …
• 28 October

  Mastercard And Bill Payments and other Digital Transactions News briefs from 10/28/24

  

  Mastercard Inc. has launched Bill QKr, a service supporting merchants and acquirers in accepting and more quickly processing card-based bill payments. 2C2P, AXS, CardUp, Curacel, and FitBank are among the first to adopt the new service. Real-time cross-border payments platform Nium launched Nium Verify, a service the company says can verify both business …