News

October, 2022

• 20 October

  Eye on BNPL: Certegy Ties in a Rewards Network, And Klarna Launches a Search App

  

  The buy now, pay later trend, which soared into prominence as a consumer-payments option during the Covid pandemic, continues to gain momentum. Certegy Payment Solutions LLC on Monday said it is working with a Tempe, Ariz.-based Ionia and its rewards platform to offer a BNPL service leveraging Certegy’s risk-management technology. …
• 20 October

  Appellate Court Nixes CFPB’s Payday Lending Rule And Other Digital Transactions News briefs from 10/20/22

  

  The United States Court of Appeals for the Fifth Circuit, in a ruling that vacates the Consumer Financial Protection Bureau’s 2017 Payday Lending Rule, contended the CFPB’s funding mechanism is unconstitutional because its funds are not appropriated by Congress.Visa Inc. said it is working with Thunes, a business-to-business payments company, to extend Visa …
• 19 October

  Though Usage Drops, Passwords Continue to Dominate

  

  The tug of passwords remains strong among individuals, though their use has dropped by as much as 9% in some use cases. Data from the second annual Online Authentication Barometer from the FIDO Alliance, an authentication-advocacy organization, still found that password use continues to be strong. That reliance on passwords …
• 19 October

  Fiserv Is Set to Offer Payments That Let Cardholders Select the Funding Source

  

  The big processor Fiserv Inc. said Wednesday morning it will offer so-called programmable payments to its financial-institution clients through a partnership with IncumbentFI, a San Francisco-based technology provider. The technology allows cardholders to attach a variety of funding sources to a single card and choose one for individual transactions. In …
• 19 October

  SpotOn Beefs up Restaurant Services And Other Digital Transactions News briefs from 10/19/22

  

  SpotOn, a payments provider specializing in the restaurant industry, launched Experiences by SpotOn Reserve, a reservation and waitlist platform.Checkout.com launched Fraud Detection Pro, aimed at helping online merchants combat bot attacks, account takeovers, synthetic identities and other newer fraud technologies.Payments provider Paysafe Ltd. said it will support payments for U.S. hotels via a …
• 18 October

  Pursuing a Single-View Strategy, Square Adds Two New Apps for Square Terminal

  

  Square, the payment-processing unit of San Francisco-based Block Inc., has unveiled two new apps for Square Terminal. The new apps, Square for Retail and Square Appointments, enable merchants to accept payments, returns, exchanges, and inventory inquiries at the counter, on the sales floor, curbside, or by opening another checkout counter …
• 18 October

  Recurly Adds a Ramp Feature to Its Subscription Pricing Model

  

  Clients using Recurly Inc. to manage their subscription-pricing models have a new feature to use. Recurly on Tuesday launched a ramp-pricing model that enables its clients to dynamically increase or decrease pricing within their subscriptions. This is in addition to the fixed, one-time, usage-based, tiered, volume, stairstep, and hybrid models …
• 18 October

  FTC Probes Tokens and Routing And Other Digital Transactions News briefs from 10/18/22

  

  The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …
• 17 October

  Green Dot’s Henry Gone as the Prepaid Card Provider Appoints CFO as New CEO and President

  

  Dan R. Henry, who took over as chief executive and president, from Green Dot Corp. founder Steven Streit in March 2020, is out. Green Dot announced Monday Henry, who previously held executive positions at Euronet Worldwide and Netspend, was “terminated” Oct. 14. That’s when Austin, Texas-based Green Dot named George …
• 17 October

  More Than a Checkout Tool: PayPal’s App Ties in Discounts And Rewards More Tightly

  

  PayPal Holdings Inc. has been on a drive for some time to reinforce consumer engagement with its products, and early Monday it launched its latest gambit to spur interactions with its still relatively new app. The so-called super app, launched a year ago, now includes a direct connection with Honey, …