October 23, 2020
Acquiring, ATMs, Competitive Strategies, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mergers & Acquisitions, Mobile Commerce, Point-of-sale, Prepaid Cards, Transaction Processing
Alphabet Inc.’s Google unit announced it is enabling shopping and purchasing within its Gmail email service via an agreement with Skipify Inc., a payments provider that relies on artificial intelligence technology.North Lane Technologies, formerly Wirecard North America Inc., and daVinci Payments have banded together to create Syncapay Inc., a holding company for payment-technology …
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October 21, 2020
Acquiring, ATMs, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Marketing, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Pricing, Transaction Processing
PayPal Holdings Inc. announced a service that allows account holders to buy, hold, and sell cryptocurrency directly from their account. The company also said it will make cryptocurrency available as a funding source for purchases at the 26 million merchants worldwide that accept PayPal.Payments provider FIS Inc. said it added pharmacy chain Walgreens …
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October 20, 2020
Competitive Strategies, Featured, Fraud & Security, Mobile Commerce, Point-of-sale, Transaction Processing
With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud. The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and …
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October 16, 2020
Acquiring, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Point-of-sale, Transaction Processing
Because of Covid-19, many employees who have access to payments data are working from home, making it awkward if not impossible for data-security assessors to conduct onsite inspections. In response, the PCI Security Standards Council says it plans to make the next version of its data-security standard more reflective of …
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October 13, 2020
Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Afterpay Ltd. is making its previously online-only buy now, pay later service available to U.S. consumers in stores. Australia-based Afterpay, fresh off a deal with mall developer Simon Property Group to support its service in stores, announced the in-store service Tuesday. As with online purchases, Afterpay users make four equal payments …
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October 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Electronic Bill Payment, Fraud & Security, Law and Regulation, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Transaction Processing
PCI Pal, whose services enable businesses to collect payments in accordance with the PCI Security Standards Council data-security rules, announced a link-up with payments provider Stripe Inc. to allow Stripe clients to more quickly deploy PCI Pal’s technology.Paya Inc. said UtilityBilling.com, a subscription billing and payment platform, integrated Paya’s processing service.PlusPass, …
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October 9, 2020
Acquiring, Competitive Strategies, Digital Currency, E-Commerce, Fraud & Security, Mobile Commerce, Mobile Wallets, Transaction Processing
Adyen NV said it has become the primary payments provider for Columbia Sportswear Co., an apparel retailer.Fireblocks Inc. announced it will supply wallet and network-infrastructure products as its client Revolut Ltd. launches new cryptocurrency services for its 13 million global users.Fraud-prevention technology provider Feedzai Inc. reported a strong first half as fraud attempts rose …
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October 9, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Law and Regulation, Point-of-sale, Pricing, Smart Cards, Transaction Processing
With gas stations and convenience stores feeling the economic pinch from the slowdown in sales caused by the Covid-19 pandemic and uncertainty over the economy, Transaction Network Services Inc. announced a new pricing structure to help cut station owners’ telecom-network installation costs for EMV at the pump. Transaction Networks Services (TNS) …
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October 8, 2020
Competitive Strategies, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing
Consumers are significantly increasing their use of digital channels when engaging with lenders, says research from TransUnion LLC released Thursday. That trend includes point-of-sale lending, which is rising fast during the Covid-19 pandemic, according to the study. Since the pandemic hit the United States in March, 40% of consumers have …
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October 8, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Law and Regulation, Marketing, Mobile Commerce, Point-of-sale, Transaction Processing
New research from Kount Inc. showed that 57% of consumers expect to use credit cards as their payment choice in the 2020 holiday season. That compares with merchants who expect credit cards to be used 84% of the time. Debit card use is closer, at 65% for consumers and 70% for merchants. …
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