May 11, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Payments provider Priority Technology Holdings Inc. reported first-quarter revenue of $153.2 million, up 35% year-over-year.PayBright said it will provide installment payments to passengers using CheapOair.ca, an online travel agency.Travel platform Agoda said it now offers interest-free credit card installment payments on its booking platform in a partnership with Visa Inc.E-commerce fraud protection provider Signifyd said it …
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May 10, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
The white-hot buy now, pay later market got even hotter Tuesday as Visa Inc. announced an expansion of its Visa Ready program with Visa Ready for BNPL. More than 20 partners are now live on Visa Ready for BNPL, including ACI Worldwide Inc., CyberSource Corp., FIS Inc., Marqeta Inc., and …
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May 10, 2022
Automated Clearing House, Competitive Strategies, Debit Cards, Electronic Checks, Issuing/Originating, Marketing, Point-of-sale, Real-time Payments, Transaction Processing
While the payments industry reckons with the arrival of real-time settlement capability, an appetite among financial institutions for faster payments in general has clearly emerged. Dollar volume on the automated clearing house network for transactions settled on the same day grew 53% in March compared to February, following the introduction …
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May 10, 2022
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Electronic Bill Payment, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
Apartment-rental platform Livly said tenants can make rent payments in cryptocurrency through the Livly Resident Mobile App. Landlords will be paid in U.S. dollars.Banking-technology provider Jack Henry & Associates said consumers and businesses will be able to access cryptocurrency trading through the company’s Banno Digital Platform. Jack Henry is partnering with NYDIG, a crypto …
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May 9, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Featured, Law and Regulation, Marketing, Mobile Commerce, Point-of-sale
At least some payments players appear to be preparing for an important new phase in the buy now, pay later business, with an opening salvo to include significantly larger loans and revised credit terms that make the advances appear more like traditional installment programs. The move comes as the short-term …
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May 9, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Mobile Commerce, Near-Field Communication (NFC), Point-of-sale
Large retailers that use Fiserv Inc. payments-acceptance technology can add loyalty functions via a new agreement between Fiserv and loyalty-technology provider Exchange Solutions.The global standards body EMVCo said it is developing an EMV Contactless Kernel Specification for contactless payment acceptance around the world. The new specification will take the place of the more than …
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May 6, 2022
Acquiring, Automated Clearing House, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
Bank of America Institute reported that credit and debit card spending by BofA credit and debit cardholders increased 13% in April compared to the same month in 2021. Credit card dollar volume rose 22%, while spending on debit cards was up 6%. Combined transactions increased 8%.Some 43% of consumers would use …
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May 5, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Law and Regulation, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
The Judiciary Committee of the U.S. Senate heard testimony Wednesday from witnesses both for and against regulation of credit card interchange. Speakers represented a supermarket chain, merchant groups, Mastercard and Visa, and a bank. The hearing showed that “while more Democrats than Republicans likely would support greater intervention in the …
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May 4, 2022
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
There’s a bit of apparent good news when it comes to chargebacks. The chargeback-to-transaction ratio decreased from 1.94% in 2020 to 1.52% in 2021, and is also down from the remarkable 3.76% seen in 2017. That’s according to the fourth annual “The Year in Chargebacks Report” from Midigator LLC, a …
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May 3, 2022
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Point-of-sale, Transaction Processing
To effectively service markets where speed of payment is critical, such as online gaming and cryptocurrency, Paysafe Ltd. announced Tuesday it is integrating Visa Direct in its platform. Paysafe will offer Visa Direct, Visa Inc.’s real-time push-payment network, to merchants, exchanges, operators, and other online businesses in the United Kingdom …
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