October 25, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Financial-services technology provider Jack Henry & Associates Inc. launched a real-time peer-to-peer payments platform, based on the Digital Payments Platform from the payments-technology firm Payrailz. Jack Henry acquired Payrailz in September for undisclosed terms.Gr4vy, a U.S.-based payments-technology provider, said Australia’s Woolworths Group will use the company’s payments-orchestration platform to run the retailer’s Wpay service. …
Read More »
October 24, 2022
Acquiring, Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Real-time Payments, Transaction Processing
Open banking is getting closer to mass relevance for financial-technology companies. A study released Monday by Discover Global Network and 451 Research found that fully 78% of fintechs said open banking is relevant to their business. One likely factor behind that trend is the positive consumer sentiment that fintechs are …
Read More »
October 24, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Adyen NV launched two new services—Capital and Account, offering to small businesses cash advances, business bank accounts, and card-issuing capability.Payment platform GoCardless launched Protect+, an anti-fraud service offering payor authentication, fraud monitoring, and chargeback challenges.Payments-technology provider Payoneer said it has collaborated with e-commerce platform WooCommerce to enable Payoneer Checkout via a plug-in for small …
Read More »
October 21, 2022
Acquiring, Competitive Strategies, Credit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Fueled by growth in goods and services and travel and entertainment spending, American Express Co. on Friday reported third-quarter revenue of $13.6 billion, a 24% increase from the same period last year. Net income for the quarter totaled $1.9 billion compared to $1.8 billion a year ago. Overall cardholder spending …
Read More »
October 21, 2022
Acquiring, Automated Clearing House, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Fraud prevention services provider Signifyd launched Fearless Payments, a suite of services to help payment service providers increase authorization rates. Among its features are automated risk decisions, authorization rate optimization, and chargeback guarantees on all approved orders.Diebold Nixdorf Inc. announced it will integrate fraud-prevention technology from Featurespace into its Vynamic payments-processing platform.CSG Forte, …
Read More »
October 20, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
The United States Court of Appeals for the Fifth Circuit, in a ruling that vacates the Consumer Financial Protection Bureau’s 2017 Payday Lending Rule, contended the CFPB’s funding mechanism is unconstitutional because its funds are not appropriated by Congress.Visa Inc. said it is working with Thunes, a business-to-business payments company, to extend Visa …
Read More »
October 19, 2022
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
SpotOn, a payments provider specializing in the restaurant industry, launched Experiences by SpotOn Reserve, a reservation and waitlist platform.Checkout.com launched Fraud Detection Pro, aimed at helping online merchants combat bot attacks, account takeovers, synthetic identities and other newer fraud technologies.Payments provider Paysafe Ltd. said it will support payments for U.S. hotels via a …
Read More »
October 18, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Square, the payment-processing unit of San Francisco-based Block Inc., has unveiled two new apps for Square Terminal. The new apps, Square for Retail and Square Appointments, enable merchants to accept payments, returns, exchanges, and inventory inquiries at the counter, on the sales floor, curbside, or by opening another checkout counter …
Read More »
October 18, 2022
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
Clients using Recurly Inc. to manage their subscription-pricing models have a new feature to use. Recurly on Tuesday launched a ramp-pricing model that enables its clients to dynamically increase or decrease pricing within their subscriptions. This is in addition to the fixed, one-time, usage-based, tiered, volume, stairstep, and hybrid models …
Read More »
October 18, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
