Galileo Financial Technologies LLC said late Tuesday it is partnering with DataVisor Inc. to enhance its fraud-detection technology beyond credit cards to include such payments options as debit cards and the automated clearing house. The new technology will also include provisioning and onboarding of new accounts. The partnership comes as …
Read More »Looking to Upgrade Their Skills, Consumers Take BNPL to School
As consumers look to improve their education and gain new skills, many are turning to buy now, pay later services to finance these efforts. On Wednesday, the Atlanta-based BNPL provider Splitit USA Inc. said its merchant sales volume in digital education and professional development ballooned 350% from 2019 to 2022. …
Read More »Netcetera and Mastercard And Other Digital Transactions News briefs from 9/19/22
Netcetera, a provider of digital-payments software, has joined Mastercard Engage, the card company’s global partner network.Canada-based payments provider OTT Pay Inc. has expanded to the U.S. market to offer a cross-border payments platform for global e-commerce merchants.Technologies such as smart phones and the Internet will drive digital payments volume to $19.89 trillion …
Read More »NCR To Split into Two Companies And Other Digital Transactions News briefs from 9/16/22
NCR Corp.’s board approved a plan to split the company into two publicly traded entities, one concentrating on digital commerce and the other on ATMs. The move is expected to take place at the end of next year.Warehouse-store chain BJ’s Wholesale Club said it will accept SNAP EBT payments across all of its …
Read More »The CFPB’s Buy Now, Pay Later Report Offers a Regulatory Outline, But No Sweeping Overhaul
Long anticipated, a report from the Consumer Financial Protection Bureau offers suggestions on how regulation might aid the buy now, pay later industry, but doesn’t recommend a wholesale review of its practices. Among the risks outlined in the “Buy Now, Pay Later: Market trends and consumer impacts” report, released Thursday, are …
Read More »Dwolla And MX Aim at a Broader Approach to Open Banking
The open-banking platform MX Technologies Inc. has become the latest partner in Dwolla Inc.’s Secure Exchange solution. Through the partnership, which builds on the two companies’ existing relationship, digital-payments fintech Dwolla will be able to offer clients and reseller partners it has in common with MX access to account-verification services …
Read More »CFPB Readies BNPL Rules Effort And Other Digital Transactions News briefs from 9/15/22
Rohit Chopra, director of the Consumer Financial Protection Bureau, said the agency will begin to identity potential “interpretive guidance or rules to issue with the goal of ensuring that Buy Now, Pay Later firms adhere to many of the baseline protections that Congress has already established for credit cards.” This …
Read More »Fiserv’s Clover Will Install 1,000+ Devices Across Three New Orleans Venues
The trend toward cashless sports stadiums continues to roll like a juggernaut. ASM Global, a provider of convention-venue management and event strategy and producer of entertainment events, is installing more than 1,000 point-of-sale devices from Fiserv Inc.’s Clover Sport unit across three New Orleans sports and entertainment venues. The three …
Read More »A Lack of Payment Choices Figures in the Reasons Why Online Shoppers Walk Away
An absence of such payment features as one-click checkout and alternative payment methods at shopping sites is contributing to an overall cart-abandonment rate for online merchants that came to 75.7% of carts initiated in the year through March, according to a study released late Tuesday. The report, from Coresight Research …
Read More »NewStore Becomes the Latest Processor to Offer Apple’s Tap to Pay on iPhone
NewStore Inc., a payments-platform provider specializing in mobile transactions, has become the latest processor to roll out Apple Inc.’s Tap to Pay on iPhone solution to its merchants in the United States. The payment option, which allows merchants to accept Apple Pay and other contactless payments by using an iPhone …
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