Digital Transactions Authoritative, insightful and timely information for payments professionals
Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …
October, 2022
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14 October
Samsung Eyes 13 New Markets for Samsung Wallet
Consumer electronics giant Samsung Electronics is looking to expand to 13 new markets for its Samsung Wallet service. Announced Friday, the expansion of the digital-wallet platform will more than double its presence from the eight nations where it is already available. Samsung Wallet is the new brand for the combined …
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14 October
In the Wake of a Senate Probe of Zelle Fraud, the Network’s Parent Issues a Pointed Defense
The controversy regarding fraud and scams on the Zelle peer-to-peer payment network reached a new level on Thursday with a short statement from Early Warning Services LLC, the bank-owned company that operates Zelle, referring to “misleading reports of fraud and scams” on the network and “incomplete” external analysis from outside …
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14 October
Priority Pairs With Valor PayTech And Other Digital Transactions News briefs from 10/14/22
Priority Technology Holdings Inc. said it is working to integrate omnichannel products from Valor PayTech into the Priority MX Merchant ecosystem.Raiven Capital said it has exited from an unspecified early-stage investment in Whizmo, a fintech that helps small businesses in emerging countries convert from cash acceptance to contactless payments.Mastercard Inc. launched Start Path …
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13 October
For Real Time Payouts, Remitly Adds Visa Direct in Canada
Remitly Global Inc. Thursday announced it is making Visa Direct, Visa Inc.’s real-time push-payments platform, available to its customers in Canada. The deal expands Remitly’s online remittance service in Canada by providing Visa Direct as a payout option, the company says. With Visa Direct, Remitly customers in Canada can now …
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13 October
Eye on Chargebacks: ACI Data Show Flat Fraud Attempts And Forter Debuts Smart Claims
Chargebacks are the bane of e-commerce retailers, but new data from ACI Worldwide Inc. indicate many may have them mostly in check. Separately, Forter launched Smart Claims, a product to help better manage chargebacks. Released Thursday, the new ACI data find that overall fraud attempts remained flat at 0.01%, despite …
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13 October
Issuers Laud Durbin Bill’s Shortfall And Other Digital Transactions News briefs from 10/13/22
Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …
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12 October
IPwe and Advasa Team Up To Expand Earned Wage Access
IPwe Inc., a provider of predictive analytics and blockchain technology, is partnering with Advasa Co. Ltd., a provider of earned wage access solutions. The deal will enable Advasa’s to expand its earned wage access business globally. Earned wage access provides employees the ability to access a portion of their already …
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12 October
COMMENTARY: For This Credit Union, The Hybrid Branch of the Future Is Already Here
Faced with changing customer preferences and bolstered with new technologies and fresh perspectives, banks and credit unions are redefining the future of the branch in a digital-first world. The onset of the Covid-19 pandemic was a catalyst for advancing the digitally driven, contactless-capable, and hybrid branch. Now, more than two …
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12 October
Juniper’s $48 Billion in Online Fraud Forecast And Other Digital Transactions News briefs from 10/12/22
A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …