June 19, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Issuing/Originating, Mobile Commerce, Mobile Wallets, Transaction Processing
Merchants using the Shoplazza online-commerce platform can accept payments via Citcon’s technology following an integration between the two companies. A Swiss-Israeli company called Okoora launched Automatic Business Currency Management, an integrated platform for global payments, banking, and risk management. The 10-year-old cryptocurrency-payments platform Wyre said it is shutting down and advised users to withdraw their assets …
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June 16, 2023
Competitive Strategies, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Point-of-sale, Transaction Processing
Cash App and Venmo, peer-to-peer payment services from Block Inc. and PayPal Holdings Inc., respectively, are under scrutiny from four U.S. senators over their fraud-protection efforts. In letters dated June 15 and sent to each company, the senators requested data on the volume of fraud reports the networks have received …
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June 16, 2023
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Point-of-sale, Real-time Payments, Transaction Processing
Online merchants that offer so-called accelerated payment methods such as Meta Pay, Amazon Pay, PayPal, Shop Pay, Apple Pay, and Google Pay potentially raise conversion rates by up to 50%. That’s according to “Leading Online Shoppers to the Finish Line,” a study of more than 220,000 e-commerce sites by Shopify …
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June 15, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Relay Payments, an Atlanta-based fintech, is rolling out its digital diesel-payment platform at more than 800 Pilot Travel Centers LLC locations. Pilot, which is owned by investment firm Berkshire Hathaway Inc. and Pilot Corp., operates a chain of truck stops across the United States and Canada. In addition to its …
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June 15, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
A handful of U.S. retail outlets owned by luxury-goods retailer LVMH Group will offer Tap to Pay on iPhone later this year, the Paris-based company announced Wednesday. Tap to Pay on iPhone enables merchants to accept contactless payments using a payment-acceptance app and an off-the-shelf iPhone. The service, announced in …
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June 15, 2023
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
U.S. Senators Sherrod Brown (D-Ohio), Jack Reed (D-R.I.), Bob Menendez (D-N.J.), and Elizabeth Warren (D-Mass.) on Thursday sent letters to Block Inc.’s Cash App and to PayPal pointing to “reports of widespread fraud and scams” on Cash App and Venmo and requesting data on the volume of reports of fraud …
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June 14, 2023
Acquiring, Competitive Strategies, Point-of-sale, Transaction Processing
Fiserv Inc.’s Clover unit has made its latest entry in the highly competitive restaurant market with the Clover kitchen display system. The new system consolidates in-restaurant and online orders, a move some see as a growing need for restaurants as consumers return to dining out, while continuing to place online …
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June 14, 2023
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Real-time Payments, Transaction Processing
The Canada-based commerce platform Shopify announced it has added the payments gateway Volt, allowing Shopify merchants in Europe, the United Kingdom, and Brazil to process real-time account-to-account payments. In related news, payments platform Netevia announced updates to its banking-services features, including free account-to-account transfers. The free period extends until the end of the year. …
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June 13, 2023
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
Few retail markets have rebounded from Covid lockdowns as fast as restaurants have. And few have attracted as much attention from payments companies. No wonder. Sales at what the National Restaurant Association calls “eating and drinking places” in the United States totaled $88.1 billion in April, up 0.6% from March. …
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June 13, 2023
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Marketing, Mobile Commerce, Near-Field Communication (NFC), Prepaid Cards, Smart Cards, Transaction Processing, Vending
Mastercard Inc. Monday afternoon said it was looking into reports of problems with processing certain transactions on its network. Both Stripe, a major payments platform, and the U.K. bank Natwest reported issues, though Natwest said the problem had been resolved by day’s end. Prepaid card provider Paysign said it completed issuer certification with …
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