Discover Financial Services said it has enabled Samsung Pay on the latest Samsung Galaxy smart phones and wearables for its cards in the United States. Discover announced in 2015 that it would support Samsung Pay. Cross-border payments provider Veem, formerly known as Align Commerce, announced an integration with QuickBooks Online, used by small …
Read More »Flywire Adds PayPal Funding Choice and other Digital Transactions News briefs
U.S.-based cross-border payments provider dLocal said it has added three major Chinese payment systems—WeChat Pay, AliPay, and UnionPay—to its platform. The three account for more than 70% of the Chinese market, according to dLocal. In related news, Flywire Corp., which recently expanded its cross-border payments business to include business-to business transfers, announced it has added …
Read More »Square Boosts E-Commerce Offerings With Its New Square Checkout Service
Seeking to leverage its brand while boosting its presence among Web merchants, merchant acquirer Square Inc. last week introduced Square Checkout, a Square-hosted system that enables consumers to pay online while providing merchants with access to the company’s technical and business services. Consumers usually don’t know, or care, which processor …
Read More »Outspoken Merchant Advocate Mallory Duncan of the NRF To Retire
Mallory Duncan, senior vice president and general counsel of the National Retail Federation and one of the most outspoken advocates for merchants on payments issues, announced Thursday that he will retire at the end of August. “Whether you’re appealing to the Supreme Court, testifying before Congress or meeting at the …
Read More »GlobalOnePay Expands UnionPay Service and other Digital Transactions News briefs
• Payment technology provider VeriFone Systems Inc. said it has integrated with the AirportConnect Common Use Payment Service from SITA, the big information-technology and communications specialist serving the air-transport industry, to bring electronic payment acceptance for multiple airlines and ground handlers at airport check-in desks, kiosks and bag drops via a …
Read More »Choke Point Figure Moves On and other Digital Transactions News briefs
• Juniper Research released a study estimating retailers globally will sustain $71 billion in card-not-present fraud over the next five years. The firm cites the U.S. move to EMV and “delays” in the arrival of the 3D Secure 2.0 protocol among the reasons for the forecasted losses. • Michael S. Blume, …
Read More »Visa, Mastercard Reach Surcharging Settlement in Canada
Canadian merchants that accept Visa Inc. and Mastercard Inc. credit cards soon will be able to add a surcharge to some transactions following a settlement reached this week. The settlement, which stems from a 2011 class-action lawsuit against Visa, Mastercard, and a number of card-issuing banks alleging excessive fees, calls …
Read More »FICO Releases Card Compromise Manager and other Digital Transactions News briefs
• Cavendish Asset Management, the biggest investor in mobile-banking and payments technology provider Monitise plc, said it will vote against the planned buyout of Monitise by Fiserv Inc. because the U.S. financial-institution processor’s $89 million offer is too low, Reuters reported. • Fair Issac Corp. (FICO) released the FICO Card Compromise Manager, a service …
Read More »Gilbarco Announces the First U.S. EMV Chip Card Transaction From a Fuel Pump
The U.S. conversion to EMV chip card payments took a step forward Thursday when fuel-pump maker Gilbarco Veeder-Root announced what it says is the first EMV chip card transaction from a fuel dispenser. The transaction took place at a 49 Fuels gas station in Burlington, N.C., at an undisclosed time. …
Read More »How Involuntary Churn Threatens the Growing Subscription Payments Model
The allure of subscription payments has captured the fancy of merchants and payments companies alike, but churn—the loss of a paying customer—may not only affect revenue, but hamper innovation, finds “The Art and Science of Reducing Involuntary Subscriber Churn” report released Wednesday by Digital River Inc. The report, which canvassed …
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