Featured

September, 2023

• 11 September

  Parking Is the First Step for Hyundai Pay

  

  Step one for Hyundai Pay, the in-car payment service debuting in the 2024 Kona crossover, is enabling payments for parking while sitting in the driver’s seat. Step two is broadening its capabilities and making it an integral part of the vehicle, Olabisi Boyle, Hyundai Motor North America vice president of …

August, 2023

• 29 August

  Grubhub Deploys Amazon’s Just Walk Out Tech on Campus

  

  Students at Loyola University Maryland are the first to use Amazon.com Inc.’s Just Walk Out technology in a Grubhub partnership. The tech enables students, faculty, and staff to shop and walk out with their purchases billed within the app. Funding sources can be a meal plan, account balance, or credit …
• 25 August

  New SEC Rule Ups the Ante on Data Breach Disclosures

  

  With the Securities and Exchange Commission mandating public companies victimized by a cyberbreach publicly disclose the breach, businesses need to be more diligent in keeping out cybercriminals, as disclosure of such information can subject them to greater scrutiny and potential liability. The rule, which the SEC passed in July, requires …
• 23 August

  ID Theft Spurs Consumer Security Changes, an ITRC Survey Finds

  

  Most victims of identity theft—53%—began using different passwords across multiple accounts, a move that could reduce their fraud exposure in the future, found a survey from the Identity Theft Resource Center. Typically, though, 59% of consumers use the same password across multiple accounts, the ITRC’s 2023 Consumer Impact Report found. …
• 16 August

  An Embedded Pricing Tool from TSG Aims for Fine Tuning

  

  TSG, a payments advisory firm, released a service to help merchant acquirers and software vendors optimize pricing for merchants. Dubbed the Embedded Pricing Tool, it can help acquirers and software vendors get pricing right without over- or under-pricing merchants. Pricing data comes from the TSG database in its Acquiring Industry …

July, 2023

• 21 July

  For ISOs And Other Acquirers, Picking a Sponsor Bank Entails Understanding Banks

  

  Independent sales organizations can’t do much without a sponsor bank, also known as an acquiring bank, to get them access to the payment card networks. As with most business endeavors, the complexity of finding a sponsor bank has increased. It’s a challenge that attendees at the 2023 Midwest Acquirers Association …
• 10 July

  With FedNow’s Launch Just Around The Corner, Pidgin Publishes Real-Time Payments Primer

  

  Real-time payments platform provider Pidgin Inc. has published an eBook detailing key steps financial institutions should be taking to prepare for real time payments. The eBook, published just ahead of the debut of Federal Reserve’s FedNow real-time payments network this month, details how financial institutions can use real-time payments to …

June, 2023

• 30 June

  With a Few Weeks Til Launch, FedNow Lists 57 Participants

  

  FedNow, the nation’s second real-time payments network set to debut in late July, says 41 financial institutions, 15 service providers, and the U.S. Department of the Treasury will be ready to send and receive transactions. All 57 have completed certification and testing for FedNow. The Federal Reserve said in 2019 …
• 1 June

  Eye on Wallets: Google Wallet Adds Driver’s License Storage; Alipay’s Apple Pay Integration

  

  Google Wallet is adding the ability to store a digital image of a state-issued ID card along with several other features announced Thursday. In related news, Alipay, a China-based digital wallet with an estimated 1.3 billion users, is enabling users to add Alipay to their Apple IDs for use with …

April, 2023

• 24 April

  Eye on Tap to Pay: MagicCube Teams Up With ACI; Fiserv Offers Tap to Pay on Clover

  

  The momentum behind tap to pay technology on smart phones shows no signs of slowing down. MagicCube Inc., which has traditionally focused on providing contactless payment technology to small merchants through off-the-shelf mobile devices, has expanded its reach to small and mid-sized merchants through a partnership with ACI Worldwide Inc. …