April 14, 2023
Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Real-time Payments, Transaction Processing
Buy now, pay later provider Affirm Inc. said it is extending to Canada its processing agreement with payments platform Stripe Inc. Payments fintech Alacriti said it will provide identity verification for real-time payments through fraud-solutions provider Socure. Payments-technology provider Central Payments renewed an agreement with Galileo Financial Technologies LLC to process for Central’s Open*CP Fintech API …
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April 13, 2023
Competitive Strategies, E-Commerce, Mobile Commerce, Mobile Wallets, Person-to-Person Payments, Real-time Payments, Transaction Processing
The payments industry continues to reckon with the myriad ways the pandemic has permanently reshaped how people pay businesses and other people. One key example is how individuals are paying each other compared to just a couple of years ago, and how payment networks are responding. In just the two …
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April 13, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Point-of-sale, Real-time Payments, Transaction Processing
The number of reported data compromises totaled 445 in the first quarter, a 13% decrease from the previous quarter, according to the latest report from the Identity Theft Resource Center. The number of victims decreased 64% in the same period. Health care breaches, at 81, led the quarter followed by financial services …
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April 12, 2023
Competitive Strategies, E-Commerce, Issuing/Originating, Person-to-Person Payments, Real-time Payments, Transaction Processing
Fiserv Inc. announced Wednesday that Salem Five, a Salem, Mass.-based mutual savings bank, is piloting FedNow, the Federal Reserve System’s real-time payments network, which is expected to launch in July. In addition to Salem Five, nearly 20 financial institutions, including Peoples Bank and Mediaoplis, Iowa-based Mediapolis Savings Bank, have signed …
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April 12, 2023
Acquiring, Competitive Strategies, E-Commerce, Marketing, Mergers & Acquisitions, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Square, the in-store and online commerce arm of Block Inc., says Square Subscriptions is in tests for Square Online users. The feature is one of nearly 100 updates the company announced Wednesday. Other notable features include Waitlists in Square Appointments and an integration with reservation provider OpenTable in Square for …
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April 12, 2023
Acquiring, ATMs, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Point-of-sale, Transaction Processing
Garmin Ltd. launched its latest smart watch, the $450 Instinct 2X Solar, which like most of its devices includes Garmin Pay, the company’s contactless-payment capability. ParkHub, a specialist in digital payments for parking, announced an agreement under which it will process payments at three venues owned by sports and live-entertainment company …
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April 11, 2023
Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Marketing, Mobile Commerce, Mobile Wallets, Point-of-sale
Even if Walmart Inc. is successful in terminating its contract with Capital One Financial Corp. to issue private-label and co-branded cards on the retail behemoth’s behalf, the loss is not likely to have a major impact on Capital One’s business, says a research note from Keefe, Bruyette & Woods. The …
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April 11, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mobile Commerce, Mobile Wallets, Point-of-sale
Consumers have been returning to physical stores as the pandemic wanes, and that’s spurring point-of-sale technology providers to bring fresh products to market. The latest example is Verfone Inc., which said Tuesday it is rolling out a panoply of new devices and services for the highly competitive petroleum and convenience-store …
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April 11, 2023
Acquiring, Competitive Strategies, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing, Vending
Visa Inc. announced a pilot for Visa+, a service that allows users to move payments between rival peer-to-peer payments networks. The pilot, set to launch later this year, will begin with transfers between PayPal and Venmo, a PayPal-owned network, but plans are to include P2P services DailyPay, i2c, TabaPay, and Western …
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April 10, 2023
Competitive Strategies, Credit Cards, E-Commerce, Issuing/Originating, Point-of-sale, Transaction Processing
Upset with the customer-service aspects of its cobranded card-issuing deal with Capital One Financial Corp., Walmart Inc. has sued the bank, The Wall Street Journal reported late Friday. Among the allegations brought by Walmart is that Capital One failed to replace lost cards or post some transactions to customers’ accounts …
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