News

January, 2023

• 9 January

  Clowd9 Enlists Netcetera’s 3-D Secure And Other Digital Transactions News briefs from 1/10/23

  

  Clowd9, a cloud-based payment-processing platform, said it will use 3-D Secure issuer services from Netcetera to authenticate transactions and for access control services. Mastercard Inc. introduced its Mastercard Artist Accelerator program, which aims to assist fledgling music artists through nonfungible tokens and other Web3 technologies.
• 6 January

  Ordeno Enters the Restaurant POS Fray With a ‘Better Monetization of the Table’

  

  Ordeno has become the latest player to jump into the highly competitive restaurant POS market with the launch of the Ordeno app. The company expects to differentiate its app from those of competitors by providing what it bills as a richer list of services that includes the ability to access …
• 6 January

  Fintech NorthOne Offers a Real-Time Payments Capability Via The Clearing House

  

  Five years on, the Real Time Payments network from The Clearing House Payments Co. LLC continues to gain new members outside of legacy banking. The latest is NorthOne, a fintech that offers financial management services for small businesses, startups, and freelancers. New York City-based NorthOne, which was founded in 2016, …
• 6 January

  Fleetcor Closes on Global Reach Acquisition And Other Digital Transactions News briefs from 1/6/23

  

  Payments platform Fleetcor Technologies Inc. has closed on its acquisition of Global Reach Group, a United Kingdom-based provider of cross-border payments. Terms of the deal, which was announced in June, were not released. Ionia, a provider of embedded-payments technology, has joined Visa Inc.’s Fast Track Program, a service enabling fintechs to tap …
• 5 January

  Lured By Deep Discounts, Online Shoppers Set a Spending Record for the 2022 Holiday Shopping Season

  

  E-commerce sales in the United States during the recently completed holiday shopping season—Nov. 1 through Dec. 31— totaled $211.7 billion, a 3.5% increase from the same period a year ago, according to Adobe Inc. The total set a record for holiday-season e-commerce sales, while the year-over-year increase was larger than …
• 5 January

  Why the FTC Isolated Mastercard With Its Pre-Christmas Consent Order

  

  When the Federal Trade Commission announced two days before Christmas it had leveled a preliminary consent order against Mastercard Inc. to correct what the agency saw as roadblocks the card company had erected against routing online debit transactions to competing networks, the move may have surprised at least some observers. …
• 5 January

  What’s in ACI’s Future? And Other Digital Transactions News briefs from 1/5/23

  

  ACI Worldwide Inc.’s shares finished up 13% to $26.11 on Wednesday as Bloomberg reported the payments company is talking to private-equity players about a possible sale. Payments processor Computer Services Inc. said it is working with Microsoft to rebuild its technology on Azure, Microsoft’s cloud-services platform. CardWorks Servicing LLC, a unit of CardWorks …
• 4 January

  As Stadium Pay Heats up, Cheq Expands Its Platform in South Florida

  

  Cheq Inc. is expanding its footprint in the highly competitive stadium-payment space by adding restaurants, bars, hotels and stadiums to its roster of merchants in South Florida. The expansion comes on the heels of Cheq’s deal in 2022 with the Miami Dolphins of the National Football League to be the …
• 4 January

  ID Theft Hits Black Victims’ Wallets Especially Hard, New Research Says

  

  Identity theft is a national scourge, but initial research findings released early Wednesday indicate that scourge impacts Black victims far more than it does other segments of the U.S. population. The impact can be measured by the dollar losses ID theft victims suffer, according to the report. In one example …
• 4 January

  Ackroo’s Simpliconnect Deal And Other Digital Transactions News briefs from 1/4/23

  

  Ackroo Inc., a point-of-sale marketing and payments platform, said it has closed on its acquisition of Simpliconnect, a cloud-based marketing service for service stations and convenience stores. Under the terms of the deal, Ackroo paid $750,000 at the close and will make six monthly cash payments of $125,000 starting July …