Competitive Strategies

The growing number of attacks targeting third-party developers’ payment applications, as well as the third-party applications into which the payments capabilities are integrated, is the impetus behind the PCI Security Standards Council’s decision to update the PCI Secure Software Lifecycle standard. Introduced this month, PCI Secure SLC Standard v1.1 is …

Peer-to-peer transactions have taken off as a way to pay digitally during the pandemic, and now the biggest bank-owned P2P network is getting a big lift through its integration with the country’s most extensive real-time payments network. Early Warning Services LLC announced early Thursday payments on its fast-growing Zelle P2P payments …

Payments provider Clearent LLC and Transaction Services Group, a New Zealand-based software and integrated payments provider, will merge and form Xplor Technologies, TSG announced. Terms were not disclosed. Both companies are part of investor Advent International’s portfolio. The combined company will serve more than 82,000 businesses that processed more than $27 billion …

Payment platform provider NMI’s acquisition of gateway provider USAePay for an undisclosed sum is based on the rationale that it better positions NMI to meet merchants’ need for connected, multichannel payment technology, which has become especially valuable in the face of the pandemic. It also bolsters NMI’s economies of scale. …

In 2020, mobile-wallet usage exceeded that of cash for in-store payments for the first time, according to the annual Global Payments Report by Worldpay from FIS. The report, which canvassed 46,000 consumers worldwide, found cash usage fell 10 percentage points to account for 20% of all face-to-face transactions.Inspriration4, the civilian-crewed space mission …

Square Inc. started out in 2009 as a slick new way for micro merchants and small sellers to get sophisticated point-of-sale gear along with payment processing. On Tuesday, the company showed it’s still getting more than half its gross profit from its merchant business, but its Cash App trade is …

Lawsuits brought by merchants against Visa Inc. and Mastercard Inc. have become almost routine for the two network giants, but now they face an unusual action—a suit from Intuit Inc., which is not only a card-accepting merchant but also an independent sales organization and payment facilitator. Filed Feb. 19 in …

Gateway provider NMI said it acquired USAePay in a deal that will strengthen NMI’s coverage in verticals, including retail and restaurant, where USAePay has had success. The deal, terms of which were not disclosed, also will help create a stronger omnichannel capability for NMI. The combined company had more than $100 billion in annual …

Green Dot Corp.’s big bet on the underbanked has gotten off to a flying start, to hear the company’s top executives tell it. The bet is on Go2Bank, a mobile bank account that offers credit and debit cards, direct deposit, and a savings account. “It’s been great to see the …

In a nod to merchants’ need for more favorable point-of-sale pricing as a way to counterbalance the decline in business many have incurred as a result of the Covid-19 pandemic, cloud-based POS-services provider Sky Systemz has introduced the Sky Terminal. Priced at $749, Sky Systemz’s contactless point-of-sale terminal features a …