December 20, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Wallets, Transaction Processing
Mobile-commerce platform PredictSpring said it developed a mobile-shopping app and store-associate app that provides a buy-online, pickup-in-store function for BevMo!, a specialty-beverage retailer. Synchrony Financial announced it will provide private-label credit card services to Qurate Retail Group, parent company of HSN, beginning in 2019. Synchrony also extended existing deals with …
Read More »
December 19, 2018
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Issuing/Originating, Transaction Processing
E-commerce technology provider 3dcart said its merchants can now offer Bread, an online financing service for consumer purchases, to their shoppers. Fidelity National Information Services Inc. (FIS) said consumers can redeem rewards points instantly at the pump at approximately 13,400 Shell stations nationwide through a new agreement between FIS and …
Read More »
December 17, 2018
Acquiring, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Transaction Processing
Oversight of payment-processing software will change under detailed plans announced by the PCI Security Standards Council. In related news, the EMVCo standards body announced an update to its 3-D Secure standard for protecting card-not-present transactions. In a Friday blog post, the PCI Council said its pending PCI Secure Software Standard …
Read More »
December 17, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Fraud & Security, Issuing/Originating, Transaction Processing
In 2018, the acceptance of virtual cards, also known as v-cards, by small-to-midsize businesses (SMBs) increased significantly as suppliers embraced the improved security and convenience of this digital payment method over paper checks. Still, making the leap to fully automated payments remained a challenge for most within this market segment. …
Read More »
December 12, 2018
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Electronic Bill Payment, Transaction Processing
Core processors for financial institutions are starting to make their moves in voice-triggered consumer payments, and Jack Henry & Associates is looking to stake out an early lead in this nascent business. The Monett, Mo.-based company on Wednesday said its iPayQuickPay bill-pay service is integrated with Alexa smart speakers from …
Read More »
December 12, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Person-to-Person Payments, Prepaid Cards, Transaction Processing
Thales’s proposed all-cash acquisition of rival Gemalto received merger-control regulatory clearance by the European Commission. Effective immediately, the clearance is conditioned on Thales’s agreement to divest its general-purpose hardware security modules business worldwide. The deal still must clear regulatory hurdles in five other countries, including the United States. Bluefin Payment …
Read More »
December 11, 2018
E-Commerce, Fraud & Security, Issuing/Originating, Transaction Processing
Large companies are getting bombarded by approximately 530 bot attacks per day, and the vast majority of more than 200 firms surveyed have at least one person on their security teams devoted solely to bot defense, according to Osterman Research Inc. Osterman, a Black Diamond, Wash.-based research firm that works …
Read More »
December 11, 2018
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Transaction Processing
Cloud-based point-of-sale system maker ShopKeep said it closed a $65 million funding round, led by Tribeca Venture Partners, that it will use for expansion and growth purposes. New investors include First Data Corp. and Salesforce Ventures. A staff report released by Republicans on the U.S. House Oversight and Government Reform …
Read More »
December 10, 2018
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Transaction Processing
With massive data breaches hitting the headlines and account-takeover fraud booming, payments players are scrambling for solutions. One possibility is so-called behavioral biometrics, a science that tries to detect imposters’ fraudulent activity in real time by comparing their online behavior with the known patterns of a genuine user. The latest …
Read More »
December 10, 2018
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Mergers & Acquisitions, Mobile Commerce, Transaction Processing
In an escalation of its bidding war for remote deposit capture software provider Mitek Systems Inc., business-software firm ASG Technologies, a portfolio company of the hedge fund Elliott Management Corp., upped its unsolicited buyout offer from $10 per Mitek share to $11.50 in cash. ASG also said there are no …
Read More »
Digital Transactions Authoritative, insightful and timely information for payments professionals
