Saturday , September 21, 2024

Mobile Commerce

Avon Calls on Apexx for Processing and other Digital Transactions News briefs from 9/16/20

Beauty-products marketer Avon International has recruited payments provider Apexx Global to process consumer payments to Avon representatives across global markets. Apexx supports credit and debit cards, PayPal, Apple Pay, and Android Pay as well as local payment methods.As the holiday shopping season nears, 39% of merchants surveyed by PayPal Holdings Inc. plan to sell …

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Attack Rates Have Dropped, But New Account Creation Fraud Persists, Report Finds

Human-initiated cybercrime attacks in the United States and Canada decreased 6% in the first half of 2020 compared to the same period in 2019, finds the biannual Cybercrime Report from LexisNexis Risk Solutions. Even automated bot attacks dipped—by 0.3%—in the period. But, as with all things related to online fraud, …

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Payroc Acquires eConduit and other Digital Transactions News brief from 9/15/20

Payments provider Payroc Intermediate Holdings LLC has acquired technology provider Blackline Partners LLC, which does business as eConduit. Blackline provides a Web-based API by which software companies can enable clients to accept EMV payments.Visa Canada launched Click to Pay in that country. Click to Pay is based on the EMV Secure Remote Commerce standard for …

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ATM Withdrawals Decrease and other Digital Transactions News briefs from 9/14/20

Cash ATM withdrawals were down 14.6% for the week ending Sept. 6 among credit unions serviced by PSCU. The credit union service organization’s weekly transaction trends report found that while down, the rate is better than the 21.8% average decrease for the past four weeks.Co-Op Financial Services said an alliance with debit …

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AmEx Hires Wells Fargo’s Taylor To Lead U.S. Merchant Services and other Digital Transactions News briefs from 9/11/20

American Express Co. named Colleen Taylor president of U.S. merchant services. Taylor has been executive vice president of merchant services at Wells Fargo & Co. and had worked at Mastercard Inc.The financial newspaper Barron’s is reporting that publicly held Puerto Rico-based payments processor Evertec has hired Goldman Sachs to advise on plans for a sale …

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COMMENTARY: What Will the Future Hold for Chargebacks in Digital Payments?

The chargeback process was introduced more than four decades ago as a consumer-protection mechanism. It was meant to inspire consumer confidence in payment cards, which were still a novel concept at the time. Fast-forward to today, though, and these forced payment reversals have evolved into a significant problem for online …

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NAB Acquires Salido and other Digital Transactions News briefs from 9/10/20

Salido, a vendor of technology to the hospitality industry, announced it has been acquired by payments provider North American Bancard. Terms were not announced.MagTek Inc. said PyePOS, a hospitality point-of-sale system maker, will use MagTek’s DynaDip and DynaWave hardware in its quick-serve restaurant kiosks.EBay Inc. announced it will expand its managed-payments program to France, Italy, …

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Fanatics Adds Installment Payments and other Digital Transaction News briefs from 9/9/20

Fanatics, a retailer selling sports merchandise, is one of the first merchants to sign up for a point-of-sale installment payment service from Fiserv Inc. and QuadPay.Lightspeed POS Inc. made its shares available for purchase in the United States. The Canadian point-of-sale system developer also filed its application to list its shares …

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FIS Rolls Out a Set of APIs Aimed at Easing Multiple Payment Options Without Multiple Providers

Payments provider FIS Inc. on Wednesday began rolling out Access Worldpay, a suite of application programming interfaces intended to make it easier and quicker for merchants to implement new payment capabilities, such as mobile payments or tokenization, without having to work with multiple payment partners. Access Worldpay provides a single …

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Eye on Investment: Payments Firms Rev.io, Melio, Thunes, And Mollie Announce Funding Rounds

Evidence emerged Tuesday that Covid-19 fears are far from suppressing investor interest in payments as two U.S. and two European companies announced funding news. Atlanta-based Rev.io, an 18-year-old provider of billing platforms, said it has received a “significant growth equity investment” from Primus Capital. The company did not disclose the …

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Digital Transactions