The payments fintech SumUp said it has made Tap to Pay on iPhone capability available for clients in Sweden, Ireland, Austria, Czech Republic and Romania. The technology allows merchants to accept card payments with nothing more than an iPhone. Payment Solutions Providers Services Inc., a Canadian fintech, has agreed to acquire the …
October, 2024
-
28 October
Shift4 Puts Its Weight Behind Cryptocurrency as a Payment Option
Shift4 Payments Inc. early Monday gave cryptocurrency a big shot in the arm as a payment option with the announcement it will support digital currencies across its merchant network. Shift4 will support coins including Bitcoin, Ethereum, and Solana SOL, as well as US Dollar Coin and other major stablecoins, …
-
28 October
Chopra Fires Back at Critics of the CFPB’s New Data-Privacy Rule
Rohit Chopra, director of the Consumer Financial Protection Bureau, spent his Sunday afternoon highlighting key elements of the CFPB’s new data-privacy rule and criticizing banking organizations that have targeted the rule. The assault on the regulation includes a lawsuit filed the same day the final rule, in development for more …
-
28 October
Mastercard And Bill Payments and other Digital Transactions News briefs from 10/28/24
Mastercard Inc. has launched Bill QKr, a service supporting merchants and acquirers in accepting and more quickly processing card-based bill payments. 2C2P, AXS, CardUp, Curacel, and FitBank are among the first to adopt the new service. Real-time cross-border payments platform Nium launched Nium Verify, a service the company says can verify both business …
-
25 October
Mastercard Goes Networkwide With Its Installments Program
Mastercard Inc. announced early Friday it is expanding its Installments payments program to all eligible digital points of sale within its network in the United States. The expansion will enable merchants, financial service providers, payment processors, and digital-wallet providers to present installment offers to consumers through any eligible credit card …
-
25 October
Elavon Debuts a Single Gateway Platform
With merchants demanding simpler yet more encompassing payment gateway capabilities, acquirer Elavon launched its Elavon Payment Gateway, starting first with small and mid-size businesses. The new Elavon gateway, announced Thursday, takes a cloud-based, omnichannel approach, offering “features and functionality from existing gateways,” Pari Sawant, Elavon’s chief product officer, tells Digital …
-
25 October
Bancorp’s Profit up 2.8% and other Digital Transactions News briefs from 10/25/24
The Bancorp Inc., which provides payments and other financial services to fintechs, reported September quarter-net income of $51.5 million, up slightly from $50.1 million a year ago. Gross dollar volume on prepaid and credit cards grew 15% to $37.9 billion. Payment fees from prepaid and debit cards, automated clearing house …
-
24 October
The Top 2 Digital Fraud Schemes of 2024 That Every Business Should Know
Online fraud schemes are on the rise across the globe. In fact, data breaches reached an all-time high last year, with an increase of 78% year-over-year between 2022 and 2023*, and that threat continues to escalate as fraudsters find new ways to beat digital security solutions. “There’s a lot of …
-
24 October
How the CFPB’s Data Privacy Rule for Open Banking Could Impact Merchants’ Swipe Fees
While the Consumer Financial Protection Bureau is being sued over its data-privacy rule, merchants remain optimistic the regulation will help them reduce the impact of swipe fees by making account-to-account payments widely available at the point of sale. The key is open banking, which paves the way to developing payment …
-
24 October
Hallmark Greeting Cards Line Now Has Digital Gift Cards Via InComm Payments
As the Christmas holiday shopping season nears, Hallmark Cards Inc. is readying a new greeting card line that is available with digital gift cards. Kansas City, Mo.-based Hallmark says the launch of its Gift Card Greetings Web site enables consumers to purchase a physical greeting card that comes with a …