News

April, 2023

• 7 April

  COMMENTARY: How Payments Have Boosted the Customer Experience

  

  When you’re pressed for time, there’s probably a handful of neighborhood stores where you shop regularly. You can depend on them in those hurried moments, whether it’s the small retailer that stocks your favorite items, the local coffee shop that knows just how you like your coffee, or the mobile …
• 7 April

  Higlobe’s Prepaid Card And Other Digital Transactions News briefs from 4/7/23

  

  Cross-border payments fintech Higlobe Inc. said users can make payments in the United States from their Higlobe account with a new Visa prepaid card issued by Dash Solutions. POSaBIT Systems Corp., a payments platform specializing in the cannabis industry, said a previously announced agreement under which it would acquire MJ Platform, Leaf …
• 6 April

  Stripe Recaps a Strong 2022, Though Growth Has Slowed

  

  While Stripe Inc. did not experience what it terms the “breakneck” growth it enjoyed in 2020 and 2021, the e-commerce payments giant still processed more than $817 billion in total volume in 2022, up 26% from the previous year, the financial services and software-as-a-service company told customers in its annual …
• 6 April

  Square Parent Block Slaps Mastercard And Visa With an Antitrust Suit Over Card Acceptance Costs

  

  In a major case whose effects could ripple widely across the payments industry, Block Inc. has sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays interchange …
• 6 April

  Intuit Is Ending Support for QuickBooks POS, Triggering a Scramble for Small Merchants’ Business

  

  Intuit Inc. recently announced that it will end support for its QuickBooks Desktop Point of Sale 19.0, one of the oldest payment-accepting POS systems in the market, as of Oct. 3. Intuit is referring users to Shopify Inc., but other payments companies are scrambling for the business. The date of …
• 6 April

  ePayPolicy Launches PayablesConnect And Other Digital Transactions News briefs from 4/6/23

  

  Insurance-industry payments specialist ePayPolicy launched Payables Connect, which it says automates reconciliation, creation, and payment of due payables. Technical-standards provider Global Platform said it will offer a seminar in Brussels April 26 on security for digital wallets offering eID. MSP Recovery Inc., which offers a product called LifeWallet to help providers manage medical …
• 5 April

  Euronet’s epay Unit Unveils ‘No-Code’ Service for Flagging Fraudulent Transactions

  

  Payment processor Euronet Worldwide Inc. on Wednesday announced a new fraud-monitoring service called Skylight the company says will enable analysts to write rules for monitoring suspicious transactions without needing to change software coding. The cloud-based service comes from Euronet’s epay division and runs on Microsoft Corp.’s Azure and Amazon.com Inc.’s …
• 5 April

  CardX Expands Online Payment Capabilities with Mastercard Click to Pay

  

  Payment processing platform CardX is making Mastercard Click to Pay available on Lightbox, its online payment form, to all existing and new card-not-present merchants on its platform. Mastercard Click to Pay stores a consumer’s payment information using an encrypted, virtual card number to enable secure online shopping. Lightbox enables consumers …
• 5 April

  EV Charging Cash Back to PayPal Wallet And Other Digital Transactions News briefs from 4/5/23

  

  Participants in the new SmartCharge New York electric-vehicle charging program in the New York City area can receive cash back to their PayPal or Venmo accounts if they charge their vehicles during low-demand hours. The program is overseen by electric utilities Con Edison and Orange & Rockland, which are working with ev.energy, …
• 4 April

  Paper Checks the Preferred Method in B2B Payment Fraud, Survey Finds

  

  More than half the U.S. companies polled in a recent survey—56%—said they were the target of at least one business-to-business payment-fraud attempt in 2022, with paper checks the leading fraud type. Furthermore, 43% of companies said they had been targeted more than once, and 12% said they had been targeted …