To help its card-issuing clients keep pace with evolving risk-management and compliance issues, virtual-card issuing platform Marqeta Inc. on Thursday introduced RiskControl, a suite of risk-management, fraud-mitigation, and compliance tools it says are aimed at allowing issuers on its platform to get ahead of fraud and streamline their risk and …
Read More »Famous Dave’s Picks Presto and other Digital Transactions News briefs from 4/21/22
The Famous Dave’s chain of barbeque restaurants has chosen Presto as its exclusive provider of pay-at-table technology. The chain, which operates more than 150 locations, is a unit of BBQ Holdings Inc.Payments provider Fortis announced an integration with the Oracle Payment Interface for its hospitality and retail segments. The integration is expected to ease …
Read More »Visa Ups Its Data Security Game by Spending $9 Billion In Five Years
Visa Inc. has spent more than $9 billion over the past five years to boost cybersecurity and reduce fraud, according to an announcement the network made in a blog post Tuesday. Of that amount, $500 million has been spent on artificial intelligence and data infrastructure. As a result of its …
Read More »As Regulators Close in, Experts Start to Fill in a ‘Legal Gray Space’ for BNPL
Despite predictions that buy now, pay later loans will account for $680 billion in transactions by 2025, or about 12% of all e-commerce sales, the industry remains on a potential slippery slope when it comes to consumer protections, says a paper issued Monday by the Mossavar-Rahmani Center for Business and Government at …
Read More »Interchange Increases Will Exacerbate Inflation, a Growing List of Merchant Groups Contend
One of the country’s biggest merchant associations on Monday joined a growing chorus of voices arguing fee increases planned by the major card networks for this month will exacerbate inflation. “American consumers are struggling under the worst inflation in four decades, and these increases would only make the situation worse,” …
Read More »Working With Cross River Bank, Revolut Expands Its Footprint in the U.S. Market
Revolut Ltd. continues its expansion in the United States, announcing on Friday it is partnering with technology infrastructure provider Cross River Bank to expand access to financial services to Revolut customers in the U.S. and enable Revolut to scale and expand across business verticals in the country, including credit. As …
Read More »There Are No Signs the Chip Shortage Is Easing, the U.S. Payments Forum Says
The microchip shortage that has plagued point-of-sale terminal makers since the onset of the Covid-19 pandemic shows no signs of abating. Despite forecasts that chip supply would not begin to start catching up to demand until mid-2022, terminal makers should continue to plan for shortages at least through 2023, according …
Read More »Often Overlooked, Checkout Is Assuming New Significance in Payments, Experts Say
Customer checkout, whether online or at a store, can be taken for granted by merchants and payments firms alike. That’s a big mistake, according to a panel of experts who spoke Wednesday about new opportunities—and threats—lurking in checkout buttons. For one thing, checkouts can represent a battleground in which players …
Read More »The Absence of Interest Charges Is What Tweaks Consumer Interest in BNPL Services
The buy now, pay later trend continues to solidify into a permanent part of the payments arena, thanks to consumers who readily adopt the installment-payment service. Now, new research finds that many—82%—are drawn to it because they do not have to pay interest for the installment-payment benefit. New research from …
Read More »Another FI Picks Zelle and other Digital Transactions News briefs from 4/13/22
Fiserv Inc. said Arkansas Federal Credit Union now offers the Zelle peer-to-peer payment service via Fiserv.Till Payments, an Australia-based payments-technology provider, said it is marking its official debut in the North American market at this week’s Electronic Transactions Association conference in Las Vegas. In January, Till acquired Zips, the payment-processing unit …
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