Cardlytics Inc., a specialist in deriving marketing data from payments flows, has agreed to acquire customer-data platform Bridg Inc. for $350 million.Pay Theory, a specialist in payments technology for school districts, is integrating its services with Abre.io, a provider of administration platforms for elementary and high schools.Airvet, a provider of …
Read More »Toast Aims to Smooth Ordering And Payment As Restaurants Tentatively Open for Dining in
Cloud-based point-of-sale system provider Toast Inc. has issued updates for its Toast Order & Pay services designed to smooth the ordering and payment aspects. Announced Tuesday, the updates include the ability to gain a pre-authorization against a credit or debit card using the diner’s own device. Boston-based Toast also made …
Read More »Buy Now, Pay Later Reveals a ‘More Nuanced Picture,’ According to the Latest Research
The buy now, pay later capability now offered by myriad providers is sweeping the country, but may include a few drawbacks that could hinder future growth, according to a report issued Monday. Research for the report, which included a survey early this year of some 1,500 U.S. consumers, revealed that …
Read More »3-D Secure Use up 73% and other Digital Transactions News briefs from 4/12/21
Cybersecurity provider RSA said payment transaction volume using 3-D Secure increased 73% globally in 2020 over 2019 in its RSA Quarterly Fraud report for the 2021 first quarter.The payments provider FreedomPay said the Foot Locker Inc. chain has installed its payments system across Foot Locker’s more than 2,000 U.S. stores.Workflow-automation company DocuPhase announced it has acquired …
Read More »Account Takeover Is Still A Major—And Underestimated— Problem, Says Arkose Labs
While account takeover is a major concern for financial institutions and merchants, many underestimate the cost as well as the frequency of attacks, says a report released Thursday by Arkose Labs, a San Francisco-based provider of fraud-prevention technology. Indeed, one of the costliest aspects of account takeovers is the loss of …
Read More »Square Debuts in Ireland and other Digital Transactions News briefs from 4/9/21
Square Inc. entered the acquiring market in Ireland with its Early Access Program, which offers small and medium-size merchants what the company calls exclusive access to Square technology. Square expects to launch its technology generally in Ireland later this year.Transact Holdings Inc., a specialist in payments technology for college campuses, said …
Read More »Transaction Volume Is On the Road to Recovery After Getting Hammered by Covid, Says Shift4
Just over a year after transaction volume in many merchant segments flatlined due to the economic turmoil caused by the Covid-19 pandemic, activity is showing a steadily strengthening pulse, according to data released Thursday by Shift4 Payments Inc. In March, Shift4’s end-to-end transaction volume totaled $3.3 billion, up 40% from …
Read More »Eye on Retail: Forter’s Anti-Fraud Tools; Mastercard’s 26.3% Retail Sales Increase
Forter Ltd., a specialist in online-fraud prevention, says merchants using the Magento e-commerce platform now have access to its services. Meanwhile, Mastercard Inc. says total U.S. retail sales increased 26.3% in March from March 2020. Online retailers using Adobe Inc.’s Magento platform can use a Magento plugin to ease the …
Read More »Adyen Adds Afterpay Option and other Digital Transactions News briefs from 4/8/21
Payments provider Adyen NV said it is offering the buy now, pay later service from Afterpay Ltd. to its merchants in the United Kingdom, the United States, Canada, Australia, and New Zealand.PayMaple LLC, a payments-technology provider specializing in automobile dealerships, said it has joined a partner program from CDK Global Inc., a …
Read More »CardFlight Extends Its Reach Via Global Payments, While Small Business Sales Rebound
CardFlight Inc. has struck a deal with processor Global Payments Inc. that will see CardFlight’s SwipeSimple point-of-sale technology added to Global’s indirect sales channels. Atlanta-based Global says adding SwipeSimple to its wholesale product lineup will give its independent sales partners an omnichannel payment option. SwipeSimple supports contactless payments, EMV dipped, …
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