Location-technology vendor Mapbox launched MapGPT, an automobile-based voice assistant incorporating generative artificial intelligence. Among its features is an ability to process payments, starting in Japan with that country’s PayPay app. Stop & Shop and Food Lion have adopted a mobile shopping app from Peapod Digital Labs, an e-commerce technology developer for Ahold Delhaize …
Read More »PayPal Makes Good on Its Apple Pay Card Vow
Almost a year after vowing to make its PayPal- and Venmo-branded credit and debit cards available in Apple Wallet, PayPal Holdings Inc. has come through on that promise. With the move, announced Wednesday, eligible PayPal and Venmo cards can be added to Apple Wallet by tapping the “Add Debit or …
Read More »Eye on AmEx: PayNearMe Adds Accertify’s Anti-Fraud Tech for iGaming; A New Gold Business Card
PayNearMe Inc. is beefing up the fraud-fighting capabilities of its MoneyLine iGaming and sports-betting platform via an integration with Accertify Inc., a subsidiary of American Express Co. The integration will enable iGaming and sports-betting operators to reduce fraudulent withdrawals from iGaming accounts by confirming an accountholder’s identity prior to a …
Read More »Nuvei Works With Solutions By Text for Embedded Bill Pay And Gains a Footprint in China
Solutions by Text is adding embedded bill-payment capabilities to its FinText messaging and payments platform. Consumers will now be able to pay bills through the FinText platform without leaving the platform’s Web site or mobile app, which creates a more convenient payment experience, the company says. Transactions will be processed …
Read More »SpotOn Retreats From Stadiums to Focus on the Restaurant POS Market
Count one less competitor in the market for advanced point-of-sale technology at stadiums. Shift4 Payments Inc. has agreed to buy SpotOn Transact Inc.’s sports and entertainment business for $100 million in a move that beefs up Shift4’s position in the burgeoning stadium market and marks a retreat by SpotOn from …
Read More »FedNow Tally at 108, up from 35 And Other Digital Transactions News briefs from 10/3/23
The Federal Reserve said FedNow, its real-time payments service that launched in July with 35 banks and credit unions, now counts 108 participating institutions with 21 others providing liquidity and settlement services and 20 service providers. Kenneth C. Montgomery, the Federal Reserve Bank of Boston first vice president and chief operating officer who spearheaded …
Read More »Eye on Fraud: Visa Taps Expel for Cybercrime Duties; McAfee Enlists AI for Scam Detection
It’s a sobering part of the daily payments arena—fraud is unending and always evolving. That’s why payments and anti-fraud companies continue to create new services in an effort to keep up with the latest scams. Visa on Monday said it would make managed detection and response services from Expel Inc. …
Read More »Visa’s Friendly Fraud Rule Change Could Cut $1 Billion From Small Firms’ Chargeback Costs
Visa Inc. is touting recent changes to how chargebacks that could be first-party fraud, also known as friendly fraud, are processed as potentially saving small businesses globally $1 billion in costs over the next five years. Expectations are that the streamlined process will increase merchants’ ability to provide more accurate …
Read More »COMMENTARY: Banks Must Embrace Fintechs If They Want to Reshape the Future of Global Payments
The world of global payments is undergoing major changes as new technologies and players enter the payment space. While banks and financial institutions have historically dominated international payments, we are seeing new innovations and non-traditional competitors redefine how money moves across the globe. In recent years, the entire payments chain …
Read More »TNS Lines up 1,500 ATMs Contract And Other Digital Transactions News briefs from 8/29/23
U.S.-based network-management company Transaction Network Services said its technology will manage connectivity for Spain-based Euro Automatic Cash, a network of 1,500 ATMs. Tiptap, a donation platform, said it will enable Visa member financial institutions to offer customers a platform to make small donations to community charities while they are performing routine banking …
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