January 22, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Person-to-Person Payments, Point-of-sale, Prepaid Cards, Transaction Processing
British telecommunications giant Vodafone Group Plc has become the latest Libra participant to withdraw from the controversial digital-currency project initiated by Facebook Inc., Reuters reported. Other early participants that have withdrawn include Visa, Mastercard, PayPal, Stripe, and eBay.With an eye on expanding its Bitcoin services, merchant processor Square Inc. said it is developing what it calls …
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January 20, 2020
Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Law and Regulation, Transaction Processing
Federal and European law-enforcement agencies last week seized the domain of WeLeakInfo.com, an online site that allegedly held 12 billion stolen records from 10,000 data breaches. The now-shuttered site’s data included names, email addresses, usernames, phone numbers, and passwords for online accounts, according to a news release from the FBI …
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January 20, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, Fraud & Security, Issuing/Originating, Person-to-Person Payments, Point-of-sale, Transaction Processing
Ria Money Transfer, a subsidiary of Euronet Worldwide Inc., said it has an agreement with Belgian Postal Service group (bpost) to offer international money-transfer services through bpost’s network of 600 post offices.Restaurant The Crack Shack Enterprises LLC issued a data-breach notification for its Encinitas, Calif., location. Payment card information, including names, card …
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January 17, 2020
Acquiring, Competitive Strategies, Debit Cards, Digital Currency, E-Commerce, Fraud & Security, Issuing/Originating, Mergers & Acquisitions, Mobile Commerce, Mobile Wallets, Point-of-sale, Transaction Processing
The National Retail Federation reported 2019’s holiday retail sales grew 4.1% over the same period in 2018 to $730.2 billion. Online and other non-store sales rose 14.6% to $167.8 billion and are included in the totalE-commerce services and payments provider Shopify Inc. is offering new businesses what it calls “starter loans” of $200 through …
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January 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Issuing/Originating, Law and Regulation, Point-of-sale, Transaction Processing
The newly-signed trade agreement between the United States and China, the number-one and number-two global economies, respectively, finally provides an avenue for U.S. payments firms to operate independently in China. Joint payments ventures with a local Chinese partner have long been the norm, but the new U.S.-China trade agreement—signed Jan. …
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January 16, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Digital Currency, E-Commerce, Issuing/Originating, Mobile Wallets, Person-to-Person Payments, Point-of-sale, Transaction Processing
J. Christopher Giancarlo, former chair of the Commodity Futures Trading Commission, is working with other individuals and with the consulting firm Accenture to develop a United States Central Bank Digital Currency, known as the “digital dollar.” The development will take place under the auspices of a new organization called the Digital …
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January 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Issuing/Originating, Mergers & Acquisitions, Transaction Processing
Visa Inc. and Mastercard Inc. have made it plain in recent years they’re interested in something much bigger than card payments. On Monday afternoon, Visa underscored its own determination to be the network for the world’s payments economy by announcing it will lay out fully $5.3 billion to buy Plaid …
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January 14, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Marketing, Mobile Commerce, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Transaction Processing
Visa Inc. said starting Jan. 21 merchants using Visa Checkout will transition to the card brand’s Secure Remote Commerce service. Visa says consumers that have enabled their cards with the service no longer will have to enter the primary account number for compliant transactions. The experience also is compatible with industry tokenization …
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January 13, 2020
ATMs, Competitive Strategies, Debit Cards, Fraud & Security, Issuing/Originating, Transaction Processing
ATM operators on Monday are literally on the eve of a critical upgrade deadline that many have not met, but some industry sources at least say the situation is far from disastrous. Microsoft Corp. on Tuesday will stop supporting its Windows 7 operating system, which runs most bank-owned ATMs in …
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January 13, 2020
Acquiring, Competitive Strategies, Credit Cards, Debit Cards, Fraud & Security, Issuing/Originating, Marketing, Mobile Wallets, Near-Field Communication (NFC), Point-of-sale, Smart Cards, Transaction Processing
Even though contactless credit and debit card transactions made by tapping a card against a point-of-sale device rely on the same standard as EMV dipped transactions, consumers have different impressions of the security benefits, a newly released study says. Indeed, 81% of the 1,350 consumers surveyed for the “Emerging Trends at …
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