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January, 2022

• 28 January

  QR Code Transactions Are on the Rise, But Now So Are Concerns About QR Code Fraud

  

  With the Covid-19 pandemic helping fuel broad adoption of Quick Response codes by merchants for payments and ordering, it was only a matter of time before criminals exploited the contactless technology. Fraudsters are creating fake QR codes that, when scanned, take consumers to a bogus landing page that collects payment …
• 21 January

  The Fed’s Paper on a U.S. Digital Currency Offers Few Signs of How the Regulator Is Leaning

  

  The Federal Reserve Board released a paper Thursday afternoon on the question of a central bank digital currency for the United States, and even though the Fed would play a crucial role in any such venture, observers looking for hints on how the central bank is leaning on the issue …
• 14 January

  Venmo Adds a Gift-Wrap Feature for Users Sending Money on Special Occasions

  

  Peer-to-peer money transfers have become a hyper-competitive market, driving even the best-known providers to seek out an edge. One such idea is to introduce a feature that lets senders add virtual gift-wrapping to payments they’re sending for special occasions, and on Thursday Venmo started rolling out just such a feature. …
• 11 January

  Cash Still Looms Large for Merchants. Brink’s Is Signing Processors to Tackle the Issue

  

  Lost in much of the conversation about digital payments, particularly since the onset of the pandemic, is what to do about the cash merchants take in. The Brink’s Co., which has been hauling and securing cash since 1859, says it has an answer, and on Tuesday it announced it also …
• 7 January

  New Data From Mastercard Confirm the Explosion in Online Volume Is Still in Progress

  

  E-commerce was hitting its stride before the pandemic, but two years later it’s clear sales volume via desktop and mobile devices is exploding. Online sales in the United States jumped fully 60.4% in December compared to December in 2019, according to the latest SpendingPulse report from Mastercard Inc., released late …
• 5 January

  Adyen Unveils a Line of All-in-One Android Devices for Mobile POS Deployments

  

  Adyen Inc., known for its e-commerce payment services, on Tuesday launched a range of mobile point-of-sale devices running on the Android operating system. The new multifunction terminals are available in the United States, the United Kingdom, and the European Union. Adyen, which is based in Amsterdam but maintains offices in …
• 4 January

  How Payix Is Expected To Raise Repay’s Game in the Hot Buy Now, Pay Later Arena

  

  The acquisition of independent sales organization Payix is expected to bolster payments provider Repay Holdings Corp.’s ability to acquire new merchants, including in the fast-growing and wildly popular buy now, pay later space. Repay on Monday announced its $115-million deal for Payix, which is a registered independent sales organization of Wells …

December, 2021

• 22 December

  Community Banks Launch Chuck, Their Own Peer-to-Peer Payments Network

  

  A new competitor in the peer-to-peer payments landscape emerged Wednesday with the introduction of CHUCK, an open-loop P2P network founded by 10 community banks. The new network uses technology from digital payments platform provider Payrailz that enables customers of any of the member banks to send money to a debit card …
• 21 December

  Eye On Crypto: BitPay Waives Card Fees for Crypto Purchases, Humbl Adds an ACH Integration

  

  To make cryptocurrency more accessible to the general public, BitPay Inc. on Tuesday announced a limited-time promotion with Simplex, a fiat-to-cryptocurrency gateway, to waive fees when BitPay wallet users purchase crypto using a credit or debit card. BitPay wallet users can buy the currency using the BitPay debit card or …
• 9 December

  Fortis Fortifies Its Position With ISVs Via Its Acquisition of VIP Integrated Payments

  

  Fortis has proven in recent months to be one of the country’s most active payments providers when it comes to extending capabilities for independent software vendors, and now it has expanded further in that business with its acquisition of VIP Integrated Payments in a deal announced Wednesday. Terms were not …